Now that wasn’t Expected!

Unexpected-property-activity

The first week of Estate Agents being allowed to conduct house viewings has been a real eye opener, with the level of buyer activity much higher than anticipated which hopefully bodes well for a quick bounce back in the house market.

No doubt there will be some readers who will think, well you would say that wouldn’t you, in the hope of pepping up the market, but I can counter any such thought with some hard facts and examples, so here are a few case notes from the first week back.

New House Eversley – Under offer in three days

This fine new home by Aspire was placed on the open market on Monday 18th May at a guide £1,125,000.

By Thursday 20th May a sale was agreed to a proceedable purchaser.

Country House Eversley – Emerging Buyer Interest around £2.0m. guide

We took this property to the market a few weeks before lockdown, so viewings went on hold during the lockdown period.

Yesterday we had multiple viewings at the house and two offers have already been submitted. This home is typical of the kind of property that will be sought after in the emerging market of house buyers leaving London and other major towns and cities for rural living.

Do you have a country house for sale? We have a waiting list of buyers looking right now.

Right now the short to medium term outlook is positive and the biggest demand is for rural / semi-rural properties in all price ranges, but especially in the £1.5m. to £6.0m. sector.

So if you live in a country house and are looking to sell, this summer could be the best time to go to market. If you would like a free and confidential market appraisal contact your nearest McCarthy Holden branch.

Fleet – On £750,000 guide

With marketing help by way of a vendor inspired video tour during lockdown, this stunning detached house has gone under offer.

Blue Triangle, Fleet – Exchanged on guide £1.5m.

In just over one acre in one of the most desirable roads in Fleet, this imposing property was built by the renowned local builder Pool & Son in the 1930’s.

Fitzroy-Road-sold-fleet McCarthy Holden estate agents

As we said in last week’s market update, the prospect of house sales in the short to medium term is relatively easy to judge, because we are working with house buyers and sellers alike every day, so their motivations and the drivers of the market conditions are there for us to interpret.

House Viewing Protocols Working Well

The new way of conducting house viewings is going well, with strict social distancing protocols and excellent co-operation from vendors and purchasers alike.

Some of the social distancing protocols include the following.

• Only one viewer can be present at a time, no children will be allowed in a property (this is because avoiding the touching of surfaces is difficult with young children).
• The owner/tenant will leave property for the viewing.
• We will supply the viewer with disposable gloves and mask, subject to our supply allowing for this.
• The viewers will be allowed to walk around and asked not to touch anything.
• In order to maintain social distancing, the agent will not be able to enter every room with the viewer.
• When the viewing is completed, the agent will lock up the property and leave, then dispose of gloves and use hand sanitiser.

The House Market / Buyer Attitudes

We are impressed with the resilience of house buyers, who continue to remain upbeat about their moving plans. Furthermore, 95% of the sales arranged we had in place at the start of lockdown, continue to remain in place and in the past week many of those have moved forward to exchange and simultaneous completions..

Emerging Markets

In the last week there has been increasing signs of the biggest emerging market being driven by people wanting to leave London and other large cities or towns, to find a new home in a rural or village setting, yet remain within reasonable distance of London etc. That is a positive for the home owners we act for on the Hampshire / Surrey / Berkshire borders, especially those who live in property worth between £1.5m. and £6.0m. in our area of operation.

If you are selling a rural property, contact your nearest McCarthy Holden branch for a free and confidential property appraisal.

EMERGING MARKET PHOTO

The Weeks Ahead

Simply making hay whilst the sun shines!

 

John Holden – Chairman

House Market Update During Lockdown

cove week 5 icon

Relentless and here for a while

The bleak headlines about the impact of Covid-19 continue and of course our hearts are saddened by the relentless loss of life for frontline NHS staff and Covid-19 affected patients alike.

Any thoughts about how and when an early release from lockdown might occur, must of course be balanced with the high probability of new after waves of coronavirus cases occurring post lockdown, with perhaps the inevitable mini lockdowns being put in place from time to time. There are valuable lessons to be considered from past pandemics especially about the exit stages.

We can be certain that our exit from the current lockdown, will not mean a return to normal in many aspects of day to day life. It is likely we will continue with social distancing and simple matters like viewing property, will be conducted in a similar manner to that which occurred just before the lockdown started.

The House Market

As I mentioned in our last update, writing a few lines about the property market right now doesn’t seem that important in the current circumstances, but house sellers, landlords, buyers and tenants continue to seek insight, because the prospect of needing to move house is still a journey they will embark on post lockdown.

Buyer Attitudes

I remain impressed with the resilience of house buyers, who continue to remain upbeat about their moving plans. This positive attitude is supported by the fact the 95% of the sales arranged we had in place at the start of lockdown, continue to remain in place with vendors and purchasers keeping focused on the opportunity to exchange and complete some time soon.

Other mini indicators of buyer intent are told to me by staff, such as Matthew Fenn from our Fleet branch who has 27 buyers who want to view specific properties as soon as lockdown is over.

Contracts Are Exchanging

Some house sales are progressing to the exchange and completion stages during lockdown, mostly by exchanging and completing on the same day.

Two examples of this in the last week include a £400,000 guided house in Fleet (top image below) and stunning country house conversion in Winchfield at a guided sum of £1.250m. (video below). These special cases where exchange and completion can happen are frequently new house purchases where there are no chains.

VIVIAN EXCHANGED

Exchanged and completed last week

Exchanged and completed last week

Working From Home

Creating new sales is virtually impossible due to viewing restrictions, but our negotiation staff are keeping closely in touch with buyers on our books, by phone, email, newsletter and even video presentations. This means that post lockdown we are already creating a list of buyers who want to view specific properties as soon a we are release from lockdown.

More Vendor Inspired Video House Marketing This Week

Many clients continue to ask if we could produce video content of their property if they sent us video clips and still photographs, this enabling them to go on the open market now.

Some of the latest collaborative results are below.

Preview – due to the market soon at Est. Guide £1,675,000

New to the market – Guide £850,000

This works by vendors sending us the video clips and then with some editing help from johnjoe.co.uk a promotional video tour is created.

We look forward to many of these collaborative home grown marketing initiatives in the weeks ahead.

The Week Ahead

In the week ahead we will be giving special focus to our new homes selection of properties for sale, because as we emerge from lockdown we believe the attraction of owning a new home will be higher than usual.

Right now we have 13 new homes development sites available for sale, showcasing a most diverse range of interesting properties for 2020, in amazing locations from rural Eversley in Hampshire, to Virginia Water in Surrey.

The developers we are representing in 2020 are as diverse in size and their personal history as you can imagine, but they all share the same passion for creating beautiful homes and leaving a legacy to their brand and reputation.

Click some of the links below to preview some of the new homes available.

We will provide another market update in a week or so, and you are of course welcome to subscribe free to our newsletter (just click the link near the bottom of our home page).

In the week ahead we will no doubt continue to think, reflect and pray about key workers and NHS people and the risks they face each day at these times. 

John Holden – Chairman and Managing Director

7 Bright Design Tricks to Maximise Light in Your Home

brighten your home

From curtains to decluttering and mirrored furniture, Luke Rix-Standing reveals nifty ways to give any home that dreamy light and airy feel.

Ask any interior designer: Light is one of – if not the – most important consideration in the layout of a home.

Quite apart from being essential (cooking in the dark is not advised), light provides the framework for a home’s aesthetic, and the foundation for its – to use a technical term – ambience.

It doesn’t matter how well you’ve feng shui-ed your cellar – if it’s lit by a single, flickering bulb, it’s still going to feel like the set of a horror movie.

Here’s how to make your home the brightest and best it can be, from streaming sunbeams to energy-saving LEDs…

brighten your home

Make a proper plan

Most people know that when it comes to light sources, more is usually merrier. But the result is that homeowners load up expensive fixings without taking care of even the simplest practical alterations.

For immediate improvement, a short recce goes a long way: Look at the location of your windows, what they’re illuminating, and what you want them to illuminate. Take a note of where the sun comes from in each part of the day, and if any rooms seem particularly drab and gloomy.

With your stock-take complete, move furniture that might be blocking a window’s view, and clear out cluttered windowsills. If you have several electric lights covering a space usually bathed in sunshine, rejig your room rather than spending a fortune adding to it.

Consider moving obstacles outside your home too. If your climbing hydrangea has launched a hostile takeover against your windowpanes, it’s time to call in the garden shears.

brighten your home

90% light, 10% dark

Assuming that you do, in fact, have windows, your next key point should be colour. Pure white surfaces can feel a little cold, but off-white or light cream is a shoo-in for walls and ceilings when cultivating a brighter feel.

Soft hues absorb far less light than dark ones, and for the most radiant rooms you should look beyond the masonry. Consider pastel-coloured cupboards, pale wood furniture, or light-hued decorations. There’s nothing wrong with a black leather sofa, or some statement, patterned wallpaper, but they won’t necessarily help your rooms retain light.

Aesthetically, many designers opt to add in darker trimmings. Cushions, knick-knacks and other smaller furnishings look great in dark grey or navy, and provide contrast without significantly sacrificing light.

brighten your home

Lots of mirrors

If you’re looking to increase your intake of natural light, mirrors are perhaps the most literal way of doing so. They reflect light that would otherwise be absorbed into the wall, and hanging one opposite a window sends daylight bouncing round the room.

Wall-mounted mirrors are a go-to for grooming as much as for decor, and fashion-conscious bedrooms often boast something free-standing and full-length. Next level homeowners could employ mirrored furniture – mirrored tables, mirrored wardrobes, even a mirrored chest of drawers.

Large mirrors give the illusion of a much larger, lighter space, and if the room feels bright and breezy, so too will its reflection.

brighten your home

Window dressing

Your windows are your main allies in your fight for light, so you’d be wise to give them plenty of tender loving care.

Blinds are a good bet for a light-heavy home, leaving the window entirely exposed when open and creating lovely lines of light when down. They can’t produce blackouts, so are less advisable in the bedroom of a light sleeper.

Light linen or cotton curtains are similarly appropriate – and can be hung in layers to more closely control the flow of light. Heavier, thicker fabrics like velvets and brocades are generally more accustomed to blocking light, while wide-slat shutters are flexible and channel a Mediterranean feel.

brighten your home

The lighting of the lamps

Natural light tends to gobble up the headlines, but artificial light is where the buck stops.

Let’s divide it into three stylistic varieties. Ambient lighting diffuses evenly through a room, and is usually the starting point for a larger scheme. Think ceiling lights, perhaps integrated with lamps on floors or tables.

Naturally, ambient lighting isn’t strong on contrast, so try some accent lighting to help instil separation. Accent lighting is brighter and much more directional, ensuring centrepieces like dining room tables get the focus they deserve.

Make sure these lights are not so concentrated that they behave like spotlights. You don’t want to channel a the sort of aggressive glare normally reserved for police interrogation rooms.

Finally, consider task lighting – very strong light sources marshalled for specific purposes. Think downward-facing desk lamps that can illuminate a keyboard clear as day, or a row of bulbs as floodlights for a worktop. There’s no point illuminating the corridor with pixel-perfect high-def, if your closet is so dimly-lit all your darker clothes merge into one.

Keep these principles in mind when allotting wattage in your home, and where possible try before you buy. Road-test bulb brightness, or better yet employ a dimmer switch.

brighten your home

Wash your walls

No, not with soapy water – in this context washing your wall means to splash light across a surface, creating the illusion that the whole room is aglow.

Consider vertical light fixings, that send a warm light upwards and downwards, creating a sheet-like glow across a wall. It’s better to bathe an area with one effective light source than pepper it with unattractive fixings.

brighten your home

Structural changes

For those with the time, inclination and, most of all, the money, there are plenty of home improvements that can turn dingy dungeon to gleaming greenhouse. Some are obvious – more and bigger windows, glass patio doors and so on – but others are slightly less intuitive.

Skylights are an oft-neglected sub-genre of window – the light comes straight from source and can often spread across an entire floor space.

Thick-set, dark-coloured doors can keep natural light from reaching the heart of your home, so consider glass panelling even on doors that don’t open into the air. Next-level homeowners can go one better by embracing a more open-plan layout throughout their dwelling.

Though not traditionally a light-emitting surface, even the floor can play its part. Opting for polished, well-finished hardwood, ceramic or stone can keep light ricocheting off your interiors like an underfoot mirror.

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