Signs are strong for buyers and sellers
AS 2014 draws to a close Philip James Kennedy in Didsbury reflects on what has been a great year for property transactions in the Didsbury village and west Didsbury areas.
Indeed, the agent has completed on more than £100m-worth of property.
Director Rob Kennedy said: “I would like to personally thank all our clients who have formed part of our success in 2014.
“With the market carrying real momentum into 2015, all the signs are that there will be high levels of new properties out there in January, with the most serious buyers and sellers acting swiftly in the new year.
“I am often asked by clients hoping to move when would be the best time to actually start marketing their home to take advantage of a favourable market place.
“The answer is we have many tailored strategies, one of which will work for each type of homeowner.
“During December we have measured up 20 per cent more properties than this time last year, including two sensational mansion homes which are bound to create an enormous amount of local interest.
“I have also been advising many clients to take advantage of the mild weather we have had, when pictures taken will make their homes look at their best.”
Rob added: “We have registered record numbers of buyers this month who are ready to move when the right properties become available in the new year.
“Stamp duty on home purchases changed from midnight on Wednesday of last week, which is a welcome boost for many buyers looking in the highly sought after M20 postcode.
“Only clients who buy homes worth more than £937,000 will pay more in tax with the new system so this change will make it more affordable for 98 per cent of our clients.
“This is bound to make moving next year a more attractive proposition.”
An example of this is someone buying a house for £200,000 will pay nothing on the first £125,000, and then two per cent of the next £75,000 giving them a bill of £1,500.
“Previously they would have paid one per cent on the total purchase price, giving them a bill of £2,000.
“Many clients reside in highly sellable properties,” continued Rob. “So a different strategy involves having the particulars prepared in advance for when the perfect house becomes available; therefore no time is lost risking the proposed purchase.
“This can be a really good approach for clients wanting to move but who only want to put their homes on the market when they see a property to buy.
“A confidential list of properties is available to all our clients and is especially useful for clients moving locally and for buyers looking for prestigious homes.”
Another feature of 2015 will be the redevelopment by P J Livesey of the 10-acre Manchester Metropolitan University site on Wilmslow Road.
This will be the largest residential development in Didsbury village and create a new hub of fine detached family homes and apartments designed for clients wanting a spectacular living experience.
Philip James Kennedy has already been instructed by a number of clients who are interested in purchasing on this development and other smaller sites which are set for release in 2015.
The agent is also currently announcing the launch of its brand new website philipjames. co.uk which has been a year in the making and will be fully operational from January. The website reflects the agent’s progressive attitude to the property industry and its ongoing aim to create new and innovative ways of marketing its clients’ properties.
With a futuristic design and exciting portfolios of properties available for buyers to consider, Philip James Kennedy is sure the new site will quickly become the first port of call for those looking to move into or out of the Didsbury area.
You can email Rob at rob.kennedy@ philipjames.co.uk for more advice.
Philip James Kennedy’s Didsbury office and, inset, director Rob Kennedy