When a homeowner goes to market, it is natural they will have concerns over whether people like their home or whether there will be significant interest in the property. This is understandable, and at Austin Property Services, we have seen it in so many clients.
This is something we aim to assist you with, and we will talk you through the process. There are no guarantees in the property market, but when you approach the market in the right manner, it is easier to connect buyers and vendors. This is something we take immense pride in, and of course, there are times when the market is more conducive to sellers.
This is still a great time to sell your home
While the stamp duty holiday is ending, and some people have concerns as to what comes next in the housing market, we believe this is still an excellent time to sell your market.
This is based on what we have seen in dealing with the local community, and it is also something we have seen in the latest national studies. If you are looking for insight into the property market, it is never a bad thing to examine what Rightmove says, and they highlight a vibrancy in the housing market.
According to the latest information provided by Rightmove, 68% of properties across Great Britain have found a buyer in the current housing market. In 2012, this figure was 41%, and the current figure is the highest percentage recorded in the past decade.
Rightmove studied information from 13 million listings, and of course, Rightmove is recognised as the leading property portal in the UK.
What do the Rightmove experts say?
Tim Bannister, director of property data at Rightmove, says: “There’s been a much greater chance of a seller finding a buyer over the past year, which really highlights the sheer number of people who have been determined to move. While the long-term average shows that typically around half of properties sell, the increase in 2021 reflects the frenzied buyer activity we’ve seen in the current market, driven by multiple factors such as pent-up demand and changing priorities.”
Tim Bannister continued by saying; “This efficiency in the market means agents are operating on limited stock, and they need more homes to satisfy all types of buyers. We’ve seen from previous research that Scotland often contains the most likely areas to find a buyer, and London the least, however the broader numbers are reflective of the trend we’ve been seeing all year, which is that buyers have widened their scope, and the popularity of every area in Great Britain is increasing.”
If you are thinking about selling your home, we are here to assist you.