Market Brief: A good time for sellers to get ahead of the market
With the nights drawing in and the weather starting to turn, autumn has most definitely arrived, and winter doesn’t feel too far away! From mid-October, we traditionally see the market quieten down as people know they aren’t going to be in their new homes before Christmas, with it then picking up in mid-December when thoughts turn to the new year ahead.
The uncertainty surrounding Brexit will hopefully come to a head this month and once we know what deal we’ve come away with, the government can at least start planning for the future and, fingers crossed, a little more confidence may return.
Whilst the property market is undoubtedly quite unpredictable, I don’t believe it to be as negative as the media are portraying. Buyers can take advantage of the exceptionally low cost of borrowing with the interest rate at 0.75% and here in York there are some very nice properties on the market. Ideal for first time buyers and ready to move into before Christmas, we have a beautifully presented, traditional two bedroom terraced house within easy reach of the city centre.
This month we have launched Hudson Moody Prestige, a new service designed to market the unique and outstanding properties here in York and to provide a truly personal, ‘red carpet’ experience for our clients. The sale and marketing of our Prestige properties will be overseen by Tarnia Hudson and will include property styling, lifestyle and twilight photography and a high quality printed property brochures.
If you are thinking about selling your property in the new year, I would therefore suggest that now is a good time to get a valuation and beat the Christmas rush. Once you know how much your property is worth, you can start preparing your finances and paperwork to ensure you get ahead of the competition and attract the early buyers who will start looking as soon as Christmas is over. An early valuation will also give you time to act on any feedback for ways to improve the saleability or increase the value of your property before placing it on the market.
Getting ahead and making sure you have copies of the property paperwork you’ll need such as title deeds (if you are selling an unregistered property) and the energy performance certificate can also help to speed up the sales process. For a complete guide to being solicitor ready for selling your home, you can read one of our previous blogs here.
If you would like to find out more about buying or selling your property this Autumn, please don’t hesitate to get in touch.