House Buyers Ignore Brexit in January

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With the first month of 2019 trading behind us, it appears that despite the chaos in the Palace of Westminster around Brexit, house buyers are simply getting on with making decisions around matters of day to day life, which are the drivers for a house move.

All of the McCarthy Holden branches experienced an uptake of buyer interest in January and the McCarthy Holden web site enquiry hits were up on the January 2018.

Whilst it is too early to comment on the market direction for 2019, it nevertheless appears that house buying decisions are mostly made by very localised factors such as schooling, access to work and general employment levels and family situations ranging from the three D’s (death, divorce and debt) through to the three N’s (new job, new baby, new beginnings).

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Amongst the Estate Agents in Fleet, our own branch had a particularly productive January with, witnessed by events such as £3.4m. worth of residential property sales exchanging contracts in just one 24 hour period.

As we said in our 2018 / 2019 market review, who knows, there might well be some pleasing outcomes to report at the end of 2019.

So, if you are considering a move this year, now is a great time to get ahead of the competition by calling one of our property experts for a free, no obligation, advice on how is best to market your home.

Boxing Day due to be the next big property search event

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According to Rightmove there was a 200% spike in traffic between Boxing Day and 2nd January in 2018, suggesting an uplift in house buyer searches online on Boxing Day. This  is why McCarthy Holden are offering a special incentive to join the next big event in property.

Boxing Day Go Event

During November and December all a would-be house seller has to do is instruct McCarthy Holden to offer their property for sale from Boxing Day.

You can indulge in all of the traditional Boxing Day activities, happy in the knowledge that house buyers are tapping on mobile devices searching for the right property and, who knows, your house could be top of their list for viewing in the New Year.

Many of our clients have already asked to go live on the Boxing Day Go property launch, so if you are contemplating a house move in 2019 then go to our home page and click on valuation, for a free property appraisal and discover the benefits of being part of the no sale no fee and no obligation Boxing Day Go property event.

Summer and Autumn Sold Rush For House Sales

sold board outside property

Will 2018 end well for house sales?

During the first six months of 2018 the level of house sales across the UK were running at a fairly poor level, but now the second half of 2018 is bouncing back with house sales on the up again.

Property sale agreed in Fleet by McCarthy Holden
A quick sale was recently agreed on this £1.85m. guided property in the Blue Triangle Fleet

When we say house sales are on the up, we are talking about house sale volumes not prices.

The market in residential sales remains very price sensitive, which is why discerning house buyers are seeing the current market conditions as an opportunity to move whilst prices remain static. The news for house sellers is that you can and will sell successfully in today’s market, but don’t expect a fancy or inflated price.

Large house price gains are gone for a while, but like all markets when they rebound from a low they come back with a sharp and fast uptake. Savvy buyers know this so are active in the market now.

Property sold in Odiham by McCarthy Holden
This cottage in Odiham was snapped up and exchanged when guided £850,000

A turning point this Summer and Autumn

Summer and Autumn trading results on house sales are showing high levels of properties going through to exchange of contracts and new sales being agreed quickly if the price and marketing combination is right.

Take this property below, which had offers within ten days of going to the market with professional video marketing and an eye catching price.

House sales exchanges have been increasing with examples across the price ranges, with the exception of the still soft £2.5 plus market which will no doubt catch up in due course.

There have been encouraging sales just under £2.0m. such as the example below.

Property sold in Finchampstead by McCarthy Holden
Sold (exchanged) just under £2.0m. in Finchampstead, Berkshire

Tragedy comedy or soft landing

We are of course reminded of the phrase All’s well that ends well, which is a title from a play by William Shakespeare, thought not to be neatly classified as tragedy or comedy. Lets hope for the residential house market its neither and 2018 ends well for house sales.

If you are looking ahead to a house sale in 2019, why not ask for a free no obligation valuation for McCarthy Holden.