Justin Smith branch manager of the Hook branch has great expectations for the property market in 2014.
“When our office opened in January after the Christmas break, straight away we could tell the market was poised to take off. For the first time in ages the mood was boosted by upbeat media reports that the housing market is on the up.
“Another factor boosting the property market in 2014 is the Help to Buy scheme, now the public are becoming aware it’s opening up access to a wider market of residential homes, properties for first time buyers and second steppers looking to buy up to £600,000 with 5% deposits. With this positive start to the year our office and company has seen a massive increase in enquiries with potential buyers looking for all types of property.
“However the start of the year in our area has conversely seen a lack of homes coming to the market for sale which has been frustrating for the buyers we have looking for properties. Throughout February we have noticed a slow improvement in the number and quality of properties coming to the market but demand from buyers is still not satisfied, in fact most of the homes we were instructed to sell in February have already been sold (stc).
“A case in point would be one of our most recent transactions, a property was placed onto the market on Friday afternoon and straight away we were receiving enquiries and booking in viewings for the following day. On the Saturday, we received three offers on the property following the viewings and have agreed a sale above the asking price, to the delight of our clients.
“Our challenge over the coming months is satisfying the demand we have for property in this highly desirable corner of Hampshire. I would therefore urge any potential seller who is seriously considering a move to place their property on the market, giving them the opportunity to secure a sale before finding a home which not only gives peace of mind, it also enhances their prospects as a buyer too when competing against others on a purchase.
“It can be a defeating cycle when many potential sellers we speak to won’t go onto the market until they find somewhere to buy, there is probably a buyer waiting for a home like theirs who is also not going on market until they find, and so on and so on. There is so much property on the brink of being available, if sellers open up to this idea many more buyers and sellers could be satisfied and move their lives forward.
“My advice to anyone looking to sell their home is to get on market and find a buyer who is willing to meet your needs and agree from day one the flexibility that might be required, that they would be willing to wait for you to find once you have sold. This is becoming a much more common occurrence so needn’t be any cause for concern.
“If you are contemplating moving now or in the future I would ask you to contact my colleague Simon or myself on 01256 764666 or firstname.lastname@example.org for a tailored market appraisal.”