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Sales Market Update - the latest news from Andrew Gilchrist...

February 12th 2019
By: Melanie
Sales Market Update -  the latest news from Andrew Gilchrist...

"At this time of great uncertainty for the Country and the housing market - the one question on most buyers and sellers minds seems to be, is now a good time? And I guess the answer is, well that depends. It does depend on your personal circumstances and outlook because there are few bigger decisions in life than buying or selling a property but for people who want and need to buy a home as a place to live, now is always a good time.

That’s just a personal opinion, but having been in the Estate Agency business for 30 years I have seen the market go up and down a few times and then inevitably it seems to go back up and then up some more. For buyers who are prepared to stick with it for the medium to long term there seems little to fear from short term movements in the market and for buyers making a sideways move to be nearer jobs or schools the same applies.

I do understand that for those with just a little equity, perhaps just starting out on the housing ladder or investors who are looking for a quick return timing can be everything and as Estate Agents we are seeing some caution from these buyers. Many are actively looking but postponing a decision until some of the uncertainty clears.

With regard to the outlook for sellers, pricing and presentation remain key to securing a good buyer as well as the services of a proactive Estate Agent. Even though the market is still seasonally yet to get going properly, we are seeing some of the properties marketed with us receive multiple offers and sell for the asking price.

If you are thinking of moving at some point in 2019 our local office would be happy to come and see you to talk through the options and considerations in more detail."