House Buyers Ignore Brexit in January

house buyers ignore brexit image

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).

high levels of house sales image

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.

Hoping to get on the property ladder soon? 8 tips for First Time Buyers

It's a huge, expensive step but can be done - so soak up these expert tips, says Vicky Shaw. This year could be a bit uncertain for the housing market, which may be making first-time buyers feel somewhat nervous. However, some recent figures may offer some reassurance for those trying to make the jump onto the property ladder.

Research from Yorkshire Building Society suggests the number of first-time buyers getting on the property ladder with a mortgage in the last year, was at its highest level since 2006. Across the UK, 367,038 first-time buyers secured mortgages in 2018, up from 362,800 in 2017, the analysis suggests.

There are also some steps first-time buyers could take, which may boost their chances of bagging a property. “Buying a first home can be as daunting as it is exciting, but there are a number of simple steps people can take to prepare themselves and make the process as smooth as possible,” says Chrysanthy Pispinis of Post Office Money.

Here are Post Office Money’s eight top tips for getting on the property ladder…

first time buyer top 8 tips

1. Set a savings goal

Three-quarters (75%) say that saving for a deposit is the biggest hurdle to home ownership, with first-time buyers spending four years adjusting their lifestyle to save for their starter home, according to a survey of people who recently got on the property ladder. So setting a savings target early is important to keeping you focused and on track.

2. Factor in the additional costs of moving

Aspiring homeowners must not forget additional costs associated with buying a home, such as removal firms, estate agent fees and surveyors. It’s important to consider these costs in advance and save little and often.

first time buyer top 8 tips

3. Take time to talk

Parents – as the ‘bank of mum and dad’ – are playing an increasingly important role helping many first-time buyers onto the property ladder, loaning on average £24,347, according to Post Office Money. But of the one in six first-time buyers funding their home purchase from a parental loan, 87% have no proper agreement in place, its research also found.

Therefore, it’s important everyone involved is clear about the nature of their agreement, so that everyone’s expectations are aligned. This includes making it clear whether the money is a gift or a loan that needs to be paid back. Post Office Money has a ‘bank of mum and dad conversation guide’, which could help with such conversations. (postoffice.co.uk/dam/jcr:93ea6a47-6444-4ac8-8a22-c091054a3541/Mortgages-Advice-Doc.pdf)

4. Calculate how much you can afford to borrow

Once your savings pot is up and running, consider using an online affordability calculator to get an idea of how much you’ll be able to borrow based on your income and outgoings. Although this should be used as a guide, the information will help you focus on properties that are within your price range.

first time buyer top 8 tips

5. Know the (credit) score

Before getting a mortgage, you will be credit checked, so now’s the time to check your own credit report and ensure all the information it contains is accurate and up-to-date. A good credit score can be the deciding factor in not only getting approved for a mortgage, but also the rate you are offered. Plan now to start paying down any outstanding debt, be sure not to miss any agreed payments on utility bills or mobile phone bills, and try to make more than the minimum repayment in the six months before your mortgage application.

6. Find the right mortgage for you

There are lots of mortgages out there aimed specifically at first-time buyers, including some very innovative deals.

first time buyer top 8 tips

7. Research affordability hotspots

You may have your heart set on a popular area – but so will many other buyers.

On average, new buyers will end up moving 5.2 miles away from where they originally intended. Consider widening the net to make your budget go further, so you can buy more bricks and mortar for your money. You could try searching in up-and-coming areas, which may become future property hotspots, rather than places where property prices have already increased by a lot.

8. Know the local rate of sale

On average, it takes 102 days for a property to sell in the UK. Understanding the rate at which property sells in the area you’re looking to buy in can potentially help when making buying decisions.

If you are starting your home buying journey and would like local, financial or property advice please pop in to your closest office for a cup of tea and a chat with our team, they will be delighted to give you all the help you need.
Estate Agents in Fleet
Estate Agents in Hartley Wintney
Estate Agents in Odiham

Pantone Colour Of The Year 15 Ways To Add A Splash Of Coral At Home

wisteria trees wall paper

With Living Coral set to make make waves across decor trends throughout 2019, Sam Wylie-Harris reveals the sunny-hued finds to shop now.

If you’re hankering after some winter sun and desperate to get your glow on without having to leave home, Pantone’s new Colour of the Year – Living Coral – could be the next best thing to basking in some natural warmth.

A gorgeously rich coral hue with a golden undertone, we can’t think of a better way to welcome in 2019 than by brightening up the home with this happy, sunny shade.

Every year, design company Pantone look at the latest trends influencing our lives, before revealing the shade taking top spot. The colour experts cite Living Coral as a release from digital technology and social media, and a nod of recognition towards our increasing concern over environmental issues, the energising aspects of colour found in nature, and our desire for playful expression. All sounds good to us.

To celebrate everything coral without having to be ‘sur la plage’, we’ve rounded up the latest must-have decos and homewares inspired by 2019’s hottest shade…

Monkey Table Lamp
MW by Matthew Williamson Monkey Resin Table Light, £85, Debenhams (available late February). Attention-seeking and showy, if you can't resist a little bit of monkey business and thoughts of far-flung places, this designer lampshade will steal the spotlight very nicely.
wisteria trees wall paper
Wisteria in Coral Floral Wallpaper, £120 per roll, Woodchip & Magnolia (sofa and floor lamp, stylist's own) Woody wisteria trees may charm us with their violet flowers, but why settle for the usual purple petals when you can adorn the walls in climbing coral?
Seafern Wallpaper
Cole & Son Seafern Wallpaper - Coral 107/2011, £85 per roll, John Lewis Or for something closer to the real deal, this classic design inspired by botanical prints from the late 1700s delves beneath the sea to illustrate living species of coral (although more allusive), such as Staghorn and Ivory Tree.
Embroidered Velvet Palm Tree Cushion
Embroidered Velvet Palm Tree Cushion, £46, Audenza To evoke memories of tropical holidays and palm-fringed beaches, this luxe velvet cushion with its gold palm tree motif has a timeless allure
Unity Cane Wall Mirror
Unity Cane Wall Mirror, currently reduced to £95 from £145, Oliver Bonas To mirror our fascination with tribal art, this brass frame has been wrapped in woven red raffia inspired by West African celebratory masks. To make a real statement, hang one either side of a dresser or wide chest of drawers.
Orange Coral Table Lamp with Linen Shade
Orange Coral Table Lamp with Linen Shade, £125, Graham & Green An attractive objet d'art you'd expect to see in a swank retreat by the sea, the exotic coral base and pristine white shade channels beauty while also being functional. Style it with some collectible seashells for maximum impact.
Clarissa Hulse Filix Bed Linen
Clarissa Hulse Filix Bed Linen - Coral Ombre, from £19-£125, Lambswool Throw - Coral Ombre, £150, Clarissa Hulse Rise and shine... Nothing spells sassy like a burst of burnt orange, dazzling coral and a splash of lemony yellow in a bright sunrise, ombre effect. Enriched with fabulous feather fern motifs and styled with a luxurious, fringed throw, these sateen sheets are a wake-up call to wonderfulness.
Debenhams Cosmo Painterly Bud Vase
Debenhams Cosmo Painterly Bud Vase, £15, Debenhams (available late February) This bowl-shaped vase adds a fresh dimension to the colour by picking up the golden accents and adding interest with some conch pearly pink and a wash of pebble stone grey.
Bird by Toikka Red Cardinal
Oiva Toikka Bird by Toikka Red Cardinal, £282 (130 x 200mm), iittala A flight of fancy - but if you don't have to penny-pinch, this striking songbird makes a lasting impression. According to mythology, cardinals are spiritual messengers and a sighting brings good fortune, making this a deco 'defo' worth the outlay

Sell Or Add Value To Your Home? Phil Spencer Shares Some Top Tips

Phil Spencer photo

Whether you’re thinking longer term or considering putting your property on the market soon, TV’s Phil Spencer has some advice. By Vicky Shaw.

Here, TV property expert Phil Spencer, shares his insight into current housing trends, as well as the property pitfalls to watch out for…

“I’ve been involved in the housing market for over 25 years and, as with all things, there are trends. There are elements of fashion and, as with clothing, fashion changes, so be careful of that and don’t go too far out on a limb.

“There was a trend for open plan and generally opening things out, but I’d say that’s changing again.

“More en-suite bathrooms have been prioritised recently. They take up more space and don’t always add huge amounts of value when re-selling, so it will be interesting to see if this lasts. Pantries and larders are also on the up, as we crave more and more space.”

sold board

What do home owners need to be mindful of when thinking about making improvements – are there pitfalls to watch out for?

“Simply put – bad DIY. It’s obvious when somethings been done cheaply, we should all be mindful of that. You also need to be realistic with the space you’ve got. Every property has a ceiling price and as long as you’re aware of that, then you’re good.

“I would say you need to be consistent. I’ve seen expensive bathrooms in cheap houses and it can look very out of place. Always match the price bracket of fittings to that of the house.

“Also, not to make things too personal to you and your taste and lifestyle. If you’re doing it for you, great, but if you want to re-sell be careful. You always need to appeal to the largest possible denominator – there is a reason people use magnolia!”

What should home owners bear in mind when considering whether to move or improve?

Forexpert advice on your property valuation and top selling tips, go the McCarthy Holden home page and click on valuation, for a free no obligation property appraisal.

Ask An Expert: Why Is My Toddler More Interested In The Christmas Packaging?

A psychologist tells Lisa Salmon why children often like the box more than the toy.

My two-year-old son plays with the Christmas boxes and wrapping paper more than his presents. Why does he love the packaging so much?

Dr Shona Goodall, a clinical psychologist at Sheffield Children’s Hospital who has appeared on Channel 4’s Secret Life of 4 Year Olds, says: “Many of us have spent a small fortune on Christmas presents only for our toddlers to seemingly push them aside in favour of the cardboard boxes or wrapping. But Christmas packaging has more benefits for children than you might realise.

“Children of this age tend to take a great deal of interest in packaging at Christmas because removing it is often the first thing we encourage them to do. The sensory sound of the ripping noise is a quick win for them to master – it improves their hand-eye coordination and strengthens their finger pincer grip.

Childe in Christmas box

“Free (but safely supervised) play with packaging therefore offers a blank canvas to explore what they can do with the paper and boxes at their developmental stage and get creative and learn, without fear of getting it wrong.

“Playing with packaging can have other beneficial effects on their development too – it can help your son instigate positive behaviours like recycling.

“Young children love to copy at this age – you might have noticed your son will often look at you right before he’s about to do something. Caregivers attune to their child’s responses and assist them to make sense of the world, and research has shown praise will positively reinforce them to do it again.

Child in cardboard box

“By encouraging the behaviour you want to see more of, such as putting something in the bin or recycling, you can lay a fantastic foundation upon which to teach him about sustainability. That’s your chance to chat through some of the materials being played with to educate him about where they come from and where they could go next.

“So, playing with packaging will not only aid your son’s development, but also sow the seeds for him to learn all about recycling and sustainability for both your children and future generations”

For more on cardboard packaging, visit Beyond the Box

Dr Shona Goodall
Dr Shona Goodall - Interveiwed by Lisa Salmon, Press Association

The unknown, or a property market that bucks the Brexit fears?

estate agent sold board

The Market 2018

Let us start with 2018, which was peppered with challenging market conditions for residential property sales.

Because our trading year runs January to December we can report on the full picture for 2018, which may indicate the direction of travel for 2019.

Surprisingly, some branch productivity levels for house sale revenue was at or above 2017 levels, especially in the village locations. That outcome however doesn’t for one moment disguise the fact that during the first half of 2018 we saw one of the poorest levels of house sale transactions for some time, however, buyer positivity surfaced in the summer and remained reasonable through to December despite the increased chaos around Brexit.

When we say house sales were up in the second half of 2018, we are talking about house sale volumes not prices. 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.

The rental market performed extremely well in 2018, with a notable uplift in activity for high end rentals outside of London, especially in our core area of operation on the Berkshire / Hampshire borders.

Properties taken to the rental market in the £7,000 to £10,000 p.c.m. sector frequently saw rental offers from multiple tenants. This was driven by high end house buyers deciding to pop into a property rental for the next year or so, using some of the stamp duty funds they would have allocated on a property purchase around £2.0m. or £3.0m., and then wait and see how property values shape up post Brexit.

house let
High end rental activity compensated for house sales

One certainty

One thing that is certain, is that uncertainty impacts on the property market especially around the times of a General Election or a Referendum. How this uncertainty works its way into tangible outcomes for 2019 is not straightforward and varies in different house price sectors of the property market.

In the short term, house buyers generally will be more cautious and slower in their decision making. This doesn’t mean house prices will fall, because buyer demand remains steady and employment levels are excellent. There is the prospect of a flat market in respect of property prices, however, discerning house buyers are seeing the current market conditions as an opportunity to move whilst prices remain static. House sellers will sell successfully in the 2019 market, but they can’t expect a fancy or inflated price and must engage with the reality that over pricing will fail in a market where buyers are cautious.

Different sectors, different outcomes in 2019

Different market sectors will have different outcomes in the forthcoming months ahead. Buying decisions on property sales from around £250,000 to £1.5m. are mostly made by very localised factors such as schooling, access to work, 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). Decisions around such matters of day to day life will continue to be made by house buyers against the backdrop of political uncertainty, so house sales will be maintained at the current level with price sensitivity being the watchword.

Further up the property price sector, and especially in the £2.0m. to £6.0m range house buyers will be more influenced by global and political factors so we could see further negative price impacts in this sector. Savvy top end buyers are playing a waiting game, but they are there on our books and will respond to excellent marketing and a competitive price strategy.

House sellers and buyers should approach 2019 with realistic expectations, engaging positively with the new beginnings for the country and house moving opportunities and, who knows, there might well be some pleasing outcomes to report at the end of 2019.

We wish you a happy Christmas and the very best for 2019.

 

John Holden – Chairman and Managing Director McCarty Holden

POST BREXIT IMAGE LEAP

More Buyers and Tenants See Property Video Marketing

It is widely believed that video content in online marketing will increase the number of views of a product, or in this case a property, by up to 25%.

Today, the video revolution has well and truly arrived with 80% of internet users stating that they remember watching a video and its content for at least 30 days, and with 100 million internet users watching online video each and every day.

sold in 2018 using professional video, which was viewed 544 times

So it’s perhaps not surprising that in 2018 McCarthy Holden sold or let fine homes, against the backdrop of a challenging market especially in the £1.5m. to £4m. sector. Some of the fine homes we showcased are shown in this article.

With property searching more likely than not starting on a mobile phone, video content is a must have part of the property marketing mix.

Here at McCarthy Holden we make sure we film, promote and market a property to the broadest possible audience. From thirty second preview videos for use on our web site and social media, through to our big production four minute videos with professional presenters we ensure that our clients will get noticed with more clicks and engagement online.

sold in 2018 using professional video, which was viewed 522 times

Its a fact that people who have seen a video of a clients house, and then come for a viewing are far more likely to make an offer than people who have only seen standard information on Rightmove or Primelocation for example.

sold in Fleet, Hampshire using professional video, which was viewed 454 times

Every picture tells a story and we can now showcase more features about quality property than ever before. With the use of broadcast quality filming, professional presenters and editing with music etc., we produce informative property video tours designed to make our clients property stand out and be noticed above all others.

Creating professional video content is normally done by johnjoe.co.uk, and the photograph, video capture and editing take three tays to complete.

let in 2018 using professional video, which was viewed 935 times.

If you are selling or letting a property and would like the benefits of professional video marketing, then go to our home page and click on valuation for a free no obligation property appraisal.

Historic Mill House – Sale agreed November 2018

Let in the £7,000 to £10,000 p.c.m. sector, using preview video tour

New Campaign Urges Consumers To Buy British Christmas Trees

christmas trees

A new campaign has been launched by Grown in Britain to encourage UK consumers to buy more assured British grown Christmas trees.

Grown in Britain says many people may be assuming they are buying fresh British grown trees, when they are not. The organisation is urging consumers to support rural businesses in Britain and reduce ‘tree miles’ by checking where their Christmas tree comes from before they buy.

christmas trees grower

According to Government statistics, £3 million pounds worth of real Christmas trees were imported into the UK last year.

Grown in Britain has created a Christmas tree licensing scheme that operates throughout the supply chain from growers to retailers and provides an assurance that trees are fresh and grown in the UK in a responsible way with due regard to the environment.

Chief Executive Dougal Driver says: “The UK has a flourishing Christmas tree growing sector and our auditing process checks that trees are definitely from the UK, grown responsibly and meet a strict forest floor to shop floor freshness test.”

He adds: “This is the start of the campaign with approximately 50,000 Christmas trees currently licensed for sale, but the public can really make a difference by asking their stockists to supply assured Grown in Britain trees now and in the future. This will help ensure the number of assured homegrown Christmas trees rises over time, with a consequential boost to the UK’s rural economy.”

To find out your nearest supplier of Grown in Britain licensed Christmas trees, look at the licence holder map on the Grown in Britain website www.growninbritain.org

christmas trees growing

House of Horrors at number 10 so what next for the house market

image of Mrs May behind doors

High drama and high stakes on the political and Brexit front have set the scene for more uncertainty, so how will this impact on the domestic residential property market?

With the imminent prospect of a challenge to Theresa May’s leadership, the resignation of Cabinet ministers including Brexit Secretary Dominic Raab, seemingly no prospect of the draft Brexit agreement being passed by Parliament and the increased likelihood of a harder Brexit, there is now in place a wide range of serious uncertainty factors rarely seen conspiring at around the same time. Furthermore, with Mrs Mays party in revolt and many of her colleagues departing we don’t know yet, if a General Election is also around the corner.

One certainty

One thing that is certain, is that uncertainty impacts on the property market especially around the times of a General Election or a Referendum. How this uncertainty works its way into tangible outcomes is not straightforward and varies in different house price sectors of the property market.

In the short term, house buyers generally will be more cautious and slower in their decision making, and the impact on prices will mean large house price gains are gone for a while. This doesn’t mean house prices will fall, because buyer demand remains steady and employment levels are excellent. There is the prospect of a flat market in respect of price rises, however discerning house buyers are seeing the current market conditions as an opportunity to move whilst prices remain static. House sellers will sell successfully in today’s market, but they can’t expect a fancy or inflated price and must engage with the reality that over pricing will fail in a market where buyers are cautious.

Different sectors, different outcomes

Different market sectors will have different outcomes in the forthcoming months ahead. Buying decisions on property sales from around £250,000 to £1.5m. 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). Decisions around such matters of day to day life will continue to be made by house buyers against the backdrop of political uncertainty, so house sales will be maintained at the current level with price sensitivity being the watchword.

Further up the property price sector, and especially in the £2.0m. to £6.0m range house buyers will be more influenced by global and political factors so we could see further negative price impacts in this sector. It’s perhaps no surprise that in 2018 we saw a significant uplift in house rentals in the £6,000 to £8,000 p.c.m. sector, driven by future potential house buyers who have decided to retreat into the luxury rental market and watch for when the top end house sales market starts to recover. Such recovery could be a year or so away, but one thing is for sure, all markets when they rebound from a low come back with a sharp and fast uptake. Savvy top end buyers know this and are playing a waiting game, or taking care of business now by buying at extremely competitive levels.

Respond with investment, no time for the faint hearted

Check out what McCarthy Holden are doing to maximise selling and letting opportunities for clients between Christmas and New Year. If you would like and up to date market no obligation valuation, go to our home page and click in valuation.

The Christmas and New Year 2019 magazine In The Country & Town

Phil Spencer shares 5 questions all buyers should ask when house hunting

As a survey reveals many buyers wish they'd known more about their property, TV's Phil Spencer shares his expert tips.

Phil Spencer home buyer questions

Buying a property can be a very lengthy process with lots of back and forth – but many buyers still end up wishing they’d found out just a few more crucial details before the deal was finalised.

California Shutters (californiashutters.co.uk) recently asked 1000 UK homeowners what they most wished they’d known about before purchasing their property: Competition for parking spaces came out tops (20%), followed by noisy neighbours (19%), high renovation costs (13%) and traffic noise (11%).

Oliver Robertson at California Shutters comments: “With all the challenges and decisions to be made when finding and choosing a new home, it’s easy to forget about the little things that will impact on your home life day to day. Whilst our survey shows most movers have a good awareness of problems like damp and pests prior to moving in to a new home, they can still be caught off guard by other things such as having to fight for parking spaces or deal with noise from next door or traffic from the road.”

Phil Spencer home buyer questions

A similar survey of first-time buyers, by My Home Move Conveyancing, found that the level of work needed on the property was the most common thing buyers wished they’d been better informed about. How much this work would cost came out second.

“Aside from the cost of moving, making first-time buyers aware of the practical decisions they need to make when buying their first home will give them a better chance of being able to play the ‘property game’ long-term and benefit from being a homeowner,” says My Home Move Conveyancing CEO, Doug Crawford. “Our advice, and the advice of people that have already learnt these lessons, is to consider questions such as whether the property will increase in value, whether expensive DIY work is needed or whether your mortgage arrangement is going to work long-term.”

TV property guru Phil Spencer, who recently launched the advice site for buyers MoveIQ, agrees that as well as the ‘big’ questions, the ‘small’ things should not be overlooked. “Buying a home is always a mixture of heart and head. Your first impression as you walk through the door is crucial to your decision, but so too are many other less obvious factors,” says Spencer.

“It’s essential that you do your homework, or you risk being blinded by emotion during the purchase. Even worse, you could end up with expensive problems down the line. Asking the right questions before, during or after that first viewing can make the difference between identifying the perfect home and having an unwanted surprise after you’ve committed to buying.”

Phil Spencer home buyer questions

So what questions should you be asking? Here, Spencer, who certainly knows a thing or two about house-hunting, shares his top five…

1. How long has the property been on the market?

“This should be one of your first questions,” says Spencer. “The average time it takes to sell a home in the UK is two to three months, according to the Government. So, if the property has been on the market for considerably longer, it may have an issue that is stopping it selling, beyond just being priced too highly. But you’ll need to get your detective hat on to find out what it is.

“One red flag to look out for would be if the current owners have lived there for an unusually short period of time. There is usually a reason behind a seller trying to get shot of a property after a short period. You’ll need to push the agent or sellers for clues: Is there a nuisance neighbour, what are crime levels like in the area, how busy are the roads and how much does the property cost to run (utility bills, council tax etc)?”

2. Is the property in a conservation area?

“If you are drawn to the history and charm of older homes, bear in mind that your scope for making changes to such a property could be severely limited,” says Spencer. “Specific rules about what you can and cannot do to the property will vary from local authority to local authority. Some may prohibit you from making changes to metal railings, windows, trees and even the colour of the front door. So, if your heart is set on a house with history but you’ve got an eye on modernisation, make sure to ask about anything that might block your plans.”

Phil Spencer checklist

3. Is the property a freehold or a leasehold?

“There are pros and cons to both freehold and leasehold properties. As a leaseholder, you will have to pay annual fees to the owner of the freehold, from ground rent to maintenance charges. These can fluctuate over time, so make sure that when you’re budgeting you factor in the possibility that ground rent will increase or maintenance charges could spike if the building needs major repairs,” says Spencer.

“By contrast, if you buy a freehold property there’s no ground rent to worry about, but you will be responsible for everything, including the roof and the maintenance of the structure. It’s important to get a detailed survey that will flag up any issues that need urgent – or expensive – repair.

4. Are there any pending planning applications that might impact me?

“This is a quick bit research you could carry out before actually viewing your prospective home. Nearly all local authorities have a planning portal on their website that allows you to view any previous or pending planning applications. If, for example, you were considering buying a home close to agricultural land, it might be a good idea to check whether the friendly farmer next door has just submitted a planning application for a new pig-rearing facility!”

5. Has the seller made any changes to the property?

“If changes have been made recently – especially structural ones – you need to know so you can ask the seller for any relevant documents, receipts or guarantee certificates. Equally if the seller has spent money doing the place up, they will have raised the asking price accordingly – so you need to make a judgement on whether the premium is justified. One other question I always ask a seller which can prove revealing is, ‘If you were staying, what other improvements would you make?'”

 

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.