Steady mar­ket good news for ven­dors F

Buckinghamshire Advertiser - - BUCKS PROPERTY -

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.

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