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BREXIT OR NO BREXIT

Life has to go on!

Please accept our apologies for kicking off with the B word so early in the year but with so much of the associated uncertainty spilling over into the housing market we have to offer an early New Year update of activity from the front line of the business.

There’s no getting away from the fact that fewer houses came up for sale last year. Many would-be sellers chose to watch and wait, much to the frustration of many would-be buyers.

Were it not for the fact demand outstripped supply, in the face of so much uncertainty, prices may well have fallen. They haven’t, they’ve stayed steady and with certain types, especially at the lower end of the market, they’ve actually risen.

In past years, when arriving at valuation appointments in the first couple of weeks in January, we’re invariably asked, ‘What’s the market doing?’ Our answer has invariably been, ‘We’re not at all sure yet, it’s too soon to tell - ask us again at the end of the month and we’ll be able to give you a better idea’.

It’s a different picture this year. Just nine days into the New Year we’re off the blocks and running. Valuation requests are up, viewings are up and sales are already being agreed. Why?

It’s because after months of hesitation, deliberation and doubts, buyers and sellers with a genuine need to buy and sell can wait no longer, Brexit or no Brexit.

At this point in time we have no evidence of prices neither rising nor falling, it’s a pretty level playing field for all concerned. In view of a continuing shortage, and so many buyers on the lookout, we’d advise sellers there’s no time like the present to take the plunge. Provided you don’t reach for the sky on price, you’ll be surprised at how much interest will be shown.

We say to buyers, there WILL be more for you to choose from soon. Hang on in there and keep looking. When a place comes along that appears to tick the boxes, don’t delay – arrange a viewing quickly and when you’ve seen it, if you want it, unless it’s clearly overpriced, offer what’s being asked or very near and secure the deal. If you don’t, someone else will.    

The market’s on the move. If you want to move with it - ‘Call us First!’

By Chris Willey
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