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The local property market - December week 2
| | General Articles, Blogging | 0 commentsAlthough activity across the board has quietened down in the lead up to Christmas although buyer activity remains strong, those buyers out looking are serious about buying and are looking to try and secure a new home this side of Christmas. Mortgages lenders appear to be taking a more relaxed view of the housing market's future and one of the largest, Nationwide, has returned to 90% loan to value lending. The Halifax house price index revealed a staggering 7.3% annual increase in house price...
The local property market - December week 1
| | General Articles, Blogging | 0 commentsAnother hectic week, for this time of year, on the sales front. In total, we registered 113 buyers, arranged 124 viewings and received 49 offers. Many of the sales agreed were properties that we have recently listed, and we need more homes to sell!A good time to sell?Yes, even though it's December! Why? Buyer demand since lockdown one has been robust and remains so as buyers clammer to take advantage of the stamp duty savings that are on offer until the 31st March. In November, we registered 708...
The local property Market - December week 1. (Stamp Duty deadline - transaction times)
| | General Articles, Blogging | 0 commentsGetAgent reported this week that transaction times across the country have increased on average by 12 days compared to last year. Unfortunately, they went on to say that the West Midlands has seen the longest delays with transactions now taking 17 days longer to complete than last year.Having reviewed our panel of conveyancing partners, we can confirm that locally the average transaction time is 80.25 days. So, if you want to buy or sell a property and beat the stamp duty deadline, statistically...
A good time to sell?
| | General Articles, Blogging | 0 commentsYes, even though it's December! Why? Buyer demand since lockdown one has been robust and remains so as buyers clamber to take advantage of the stamp duty savings that are on offer until the 31st March. In November, we registered 708 new potential buyers, most of which are still looking to buy a home. Due to a decline in new instructions to the market since the beginning of November, there is a shortage of properties for sale, which is why we urgently need more properties to sell.Can we help you?...
The local property market - November week 4
| | General Articles, Blogging | 0 commentsIt was another strong buyer activity week. This week we registered 191 potential buyers, arranged 238 viewings and received 44 new offers. Property sales remain strong, but new instructions to the market have slowed. In part, this is probably due to the time of year. The level of seller enquiries also reduced when the Government announced the second lockdown. So what does this mean? We expect seller enquires to increase again in the New Year but with seller activity so strong if you want to sell...
