Put your house on the market before you've found your next home....
2021 was the busiest year for the housing market since 2007. Buyer demand remains high as the underlying drivers of more space and a change of lifestyle remain, supported by low interest rates.
Rightmove and Zoopla report that there has been no let-up in buyer demand at the start of 2022. Rightmove report new year demand is up 15% year-on-year and Zoopla has seen demand in the opening weeks of 2022 at 49% higher than the average witnessed between 2018-2021.
A lack of available property to purchase means that buyer competition is nearly double that of a year ago (Rightmove). Best and final offers for property in sought-after locations are commonplace, and many are selling above asking price.
Many homeowners can't find anywhere to move to, so are staying put until they find there dream home.
The biggest challenge with the lack of stock is that many homeowners can’t find anywhere ot move to, so are staying put until their perfect home comes on the market. This has created a stalemate situation.
There are signs of stock levels improving in the coming weeks; Rightmove report the number of home valuations in the first working week of 2022 was up 44% on the same time in 2021. At present, an estimated 40% of buyers enquiring about a home have not yet put theirs on the market. So ‘power buyers’ those who have cash to buy or have already sold subject to contract, are in the best position to secure their dream property. The latest data from Nationwide indicates annual property price growth in the year to January is 11.2%, the strongest start to a year since 2005.
We can help you maximise your selling price
As your local property experts, we keep a very close eye on the details of the market, so we can best advise you on the local area and the price performance of different types of home which can vary from village to village.
What's next?
Give us a call to book a valuation and we can have a chat about how moving on could be the right decision for you. At Home Truths, we’re already seeing a significant increase in the number of people inviting us to give them an up-to-date valuation of their home. We have listed some beautiful properties and have many more to come. So get ahead and make sure you are in a ‘power position’ to be able to secure that perfect property when it come on sale.
For an idea of what your home may be worth, grab an instant valuation here: https://valuation.hometruthslancs.co.uk/
You can reach us on Eccleston 01257 451673 or Coppull 01257 794588 or email office@hometruthslancs.co.uk. We would welcome the chance to chat through your potential plans.
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