Here at Fresh we keep a close eye on market trends for both selling and letting. It's always interesting to see if national reports reflect what we are seeing in our own dedicated sales and letting offices. In a recent Zoopla report concerning property sales we noted a couple of the following statements and give some commentary on them below:
'Zoopla - Buyers are more confident about making a house purchase but sellers remain concerned about economic uncertainty and getting the asking price right'. Here at Fresh we can certainly see buyer confidence in the market. With regards to vendors we feel the confidence in the economy and the country in general has settled since the election.
Getting the right asking price and value for your property is always key, but vendors buying and selling in the same market should always focus on making their desired move happen. When prices go up, so does the property you are buying in most cases, so a balanced view should be taken.
'Zoopla - The research found buyers are less concerned about location and more concerned about affordability such as raising a deposit and securing a mortgage'. Here at Fresh we of course take note of where a registered buyer wishes to move to, but experience tells us not to have a closed mind to alternatives that could be that dream property. So many property sales have been achieved with that 'wild card' property that we have put before one of our registered buyers. We must admit this is really fun when it comes off and it's all down to good sales negotiator work.
Affordability and good mortgage advice is key. Here at Fresh we work with an excellent independent mortgage adviser. Ben really cares about his clients and gets very involved in making their move happen. This close working relationship is key to making a smooth property sale.
Well it's only February, but the start to the year for the dedicated sales team here at Fresh has been strong. We are over the moon to say that our exchanges for January 2020 was up 75% on the same time last year and this was due to a strong end to the year in 2019 with many sales completing in both December 2019 and January 2020. In January 2019 we had a strong month for agreed sales, so our target was to match this level. I'm pleased to to record we did this and more with an increase 8.33%.
February has started strong with an early flurry of agreed sales. Our expertise in selling HMO properties remains a strong contributor with my sales team often agreeing sales within 24 hours. This is due to us knowing our buyers register. I'm predicting a very strong February for sales.
If you have a property you are thinking of selling then please get in touch. We offer a FREE No obligation sales valuation. As an incentive to the first 5 clients that get in touch with me via email at firstname.lastname@example.org i'm offering a £100 discount voucher to be used against our property sales service. This offer will run until the end of March 2020, but once claimed can be used at any time during the year.
Article by: Matthew Wiggall, Managing Director at Fresh Estate & Letting Agents
Thank you for everything. The service, professionalism and effort has been above what would be expected. Thank you. Richard & Laura