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Spring Market Comment

Spring Market Comment

Date Posted: 16/03/17

2017 has got off to a fantastic start as far as the local property market is concerned. Rightmove are reporting that new buyer enquiries are up 7% on the same period last year, but some of our local Putterills branches are recording levels even higher than this.
 
Our valuers are also reporting that they are carrying out a higher number of valuations year to date. This is an extremely encouraging sign that more property will be coming to the market over the coming weeks as the evenings get lighter and spring starts to burst into life.
 
No market likes uncertainty and continued media discussion regarding Brexit and the likely impact on the overall economy we believe will make house price inflation a little more muted this year. This is good news for those of us looking for our first purchase or moving up the market. There remains strong demand for realistically priced homes, but those sellers who have been a little optimistic with their values may have to adjust their sights!
 
Getting the value of your home right in the first instance has never been so important, therefore when arranging valuations, make sure that you are using agents that are experienced at selling your type of property in your location. They are far more likely to be able to value accurately based on actual recent comparables, and may well have your buyer waiting on their books who could pay a premium to be in their first choice location. It’s very easy to be sucked into adverts offering discounted fees or listing only services, but do you really want your most valuable asset dealt with by someone inexperienced in your market and property?
 
Putterills are celebrating our 25th year of giving people the best possible advice, exceptional service and great results. Whether you are buying or selling, come and talk to us now.