News

It has been a busy week for big announcements! What with the budget, the Bank of England announced an interest cut to just .25% and the Royal Institution of Chartered Surveyors advised: "Sales in February grew, for the third consecutive month". They also went on to say that the West Midlands saw the "biggest bump in new properties coming onto the market." In most circumstances, this would be positive news. However, the Coronavirus is on most people's minds at the moment. As I write, we haven...

This week it was great to see some sunshine instead of the usual rain! Activity levels remain buoyant, and new instructions to the market have started to increase ever so slightly. With demand remaining steady the sales we agreed this week achieved, on average, 99% of their asking prices which was an increase of 1% compared to the last three months. Many of our new instructions are selling at their asking prices or above in some cases. We have several selling options available, one of wh...

The Telegraph published a report this week about the largest online agent in the United Kingdom, Purplebricks. The article stated that in 2019 the agency withdrew 21,830 listings which amounted to more than £18m in fees. If this is the case, then 21,830 sellers paid Purplebricks NOT to sell their home! A lot of sellers do sell their home with Purplebricks, but our advice would be to consider all of the options available before committing to an estate agent. Green and Company offer a NO ...

This week the NAEA Propertymark has provided more evidence that supply continues to lag demand in the market. The latest NAEA Propertymark housing report, based on a survey of 243 agents, shows that the number of potential buyers registering has hit a four-month high of 382 per branch. This time last year it was 297 per branch. Locally we have also seen an increase in the number of buyers registering, another 185 this week, and we urgently need more homes to sell. We would love to apprai...

This week Rightmove reported that they received a record-breaking 152 million visits in January which was a 7% increase compared to the year before. Sales agreed increased by 12% year-on-year nationally. Closer to home in the West Midlands sales agreed increased by 7%, which backs up everything we are seeing at a local level. Once again this week, activity levels were exceptional. We registered 199 applicants, carried out 264 viewings and received 37 new offers. Due to ongoing demand, we...