Handy hints on the housing market

July 26, 2023

If you are searching for a new home, you may be aware that there are fewer homes currently available. Despite the stock shortage, the market is still a hub of activity, with sales across the board being achieved daily. Sales of properties in the £1 to £2 million price bracket are introducing a flow of cash and equity into the marketplace.

If you are looking to buy property, consider searching a wider location to increase the scope of properties available. Increase your purchasing power, if possible, as this will appeal to sellers. Cash buyers and those who have already sold, or placed their property on the market, are more likely to have their offer accepted, helping to secure the right home when it becomes available.

If you are selling your home, keep in mind that property sales can be sensitive to mortgage costs, so realistic pricing is important. What’s more, it is a great time of year for the photos to be taken. Photography is a key element in marketing your property and making it stand out from the competition. In the summer, clear blue skies will set off your lead photo, garden photos will be full of colour, and natural sunlight can create bright, sunny interior photos.

Whether you are a first-time buyer or moving home, it could be possible to secure a mortgage deal now, before making changes to your mortgage later. We’d recommend taking mortgage advice from an independent financial advisor. With in-depth knowledge of the range of choices available, they will enable you to achieve the best mortgage rates.

If you are considering selling a property, please contact your nearest Mackenzie Smith branch. If you’re looking to buy, click here to see properties for sale, or to register your interest, click here.

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