Steady market good news for vendors F
IGURES from a leading online property portal covering the period pre and post-Brexit give a reassuring view for property prices – down 0.9% this month, but in line with a typical slowdown in holiday season.
Miles Shipside, Rightmove director and housing market analyst commented: “With the onset of the summer holiday season new sellers typically price more conservatively and the average drop in the month of July is 0.4% over the last six years.”
Buyer enquiry levels are also consistent with the same period in previous comparable years.
In areas where stock shortages are driving momentum very few deals are falling through as a direct result of post-Brexit jitters.
“Buyers’ fear of losing a property is keeping deals on track and whilst lenders keep mortgage options attractive and available, the underlying demand for home-ownership is counteracting any uncertainty.With competitive lending, low interest rates and a shortage of supply, property remains an attractive proposition.”
But it’s important to be realistic about pricing. Shipside added:“If you’re putting your property on the market and are keen to sell, then pitching your asking price too high would be counter-productive in the current environment. Buyer affordability is already stretched and they will be looking for extra reassurance that they’re getting the best priced home to suit their needs.”
An accurate valuation of your property based on current market conditions and local factors is vital to get the best results. So make sure your agent is a local property expert with in-depth knowledge of the local property market.
Choose an NAEA (National Association of Estate Agents) agent and be reassured that you are dealing with a company of qualified professionals whom you can trust to follow a strict code of conduct.
You’ll need an agent who can achieve extensive marketing exposure for your property.To reach the greatest number of potential buyers your property needs to be marketed at a local, national and international level.
The Frost Partnership’s network of 15 linked offices across Buckinghamshire, Berkshire and Middlesex provides direct access to a shared database of thousands of active potential buyers locally.
Its network also has more than 30 associated London offices which supply Frosts with buyers and tenants moving out of London and into the local area.
In addition,The Frost Partnership’s online presence through its own website, Rightmove, OntheMarket and extensive use of social media offers the national and international exposure required to reach buyers worldwide.
So if you’re selling your property in 2016, talk to your local property expert at The Frost Partnership, for a FREE valuation, professional advice and a stress-free sale.
ONGOING DEMAND: With competitive lending, low interest rates and a shortage of supply, property remains an attractive proposition.