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4th January 2024
With Christmas over and the new year rush upon us, you may be wondering is now a good time to start a property search?
The Answer is Yes. Here’s why;
As we enter an especially exciting new year market, Jo Woollam, Residential Manager says, “If you’re looking at trading up or down alongside your sale, the choice in this market makes it a great time to buy. All in all, there is a fairly even balance between buyers and sellers, in terms of who holds the negotiating power. This might be the best market we have seen for a while that suits all parties.”
Recently, mortgage rates have been easing and acceptance rates have been smashing predictions, so we can anticipate some excellent mortgage products in 2024. It is recommended you review your affordability and obtain an agreement in principle before viewing properties. At Roger Parry and Partners we recommend Mortgage Advice Bureau – Severn Mortgage and Protect to all our clients.
Rightmove reveals “the number of homes being listed by estate agents on Boxing Day has nearly tripled since pre-pandemic 2019,” and that year on year, “a record number of new sellers come to market on Boxing Day.” So, you’ll have quite a few options if you get started now – you’re sure to find your dream home in this offering. Rightmove also confirms, “the number of buyers sending enquiries to estate agents about homes for sale more than tripled from the Christmas Day lull to Boxing Day.” As we move closer towards the Spring market we expect there to be lots of homes, lots of opportunities and lots of competition.
So if you want to be successful, there are a few things you can do to get ahead of the game:
1. Sign up for property alerts
If you register your search requirements with us, we can let you know when properties that match what you’re looking for are listed.
2. Get a mortgage agreement in principle
If you have a mortgage agreement in principle whenever you walk into a home you love, you can put in a much stronger offer, as it tells the seller you’re prepared and serious. So it’ll back up any offer you make. It also gives you a really clear understanding of the mortgage you can achieve, so you can view with confidence. We recommend you book a free consultation with Mortgage Advice Bureau – Severn Mortgage and Protect to get started on your mortgage agreement in principle.
3. Selling as well?
If you’re selling to buy, you’re in luck. As we said, this is going to be a good market for both buyers and sellers. You will want to start with a free property valuation, so you can plan your strategy and make the most of the market. Click on the link below to arrange your valuation today or email email@example.com