Exceptional
South London Estate Agency. Committed to achieving
the best price.
Clear
and fair fees. Suzanne Vincent a property industry professional for more than
25 years. Focused, enthusiastic and determined.
Areas we cover:
Herne
Hill
Brixton
Peckham
Dulwich
Loughborough
Junction
Camberwell
and Denmark Hill
Urban Village -Estate Agents SouthEast London are genuinely customer focused,
determined and calm, providing clients with a high level of professional
expertise.
Rightmove has just released its House Price Index and it makes for
very interesting reading. It gives a national picture of house prices over the
last few months and what’s been going on in the property market. The bottom
line is that in a tougher market, sellers cannot afford to be over optimistic,
which makes it a good time to be a buyer and to negotiate a better price.
What
makes a house sell? The right price in the first place
Miles
Shipside, Rightmove director
and housing market analyst commented: Rightmove analysis of over 100,000
properties that successfully sold shows that those that sell typically generate
over 40% more online interest in the first three weeks than those that do not
sell. The danger of going too high at the outset is that you jeopardize that
vital initial three-week period, and may have to start on a series of price
reductions while potential buyers watch and assume that no-one is buying your
property because something is wrong with it other than the price.
An
average reduction of over six percent means that some properties will be
considerably more over-priced than that, and such a big margin of error in the
initial price of many properties that come to market can leave them stale and
unsold.”
Sellers should take note, buyers should take heart. New home for
Christmas, anyone?
Here
are five reasons why it’s a good time to buy property now:
1. It’s a buyer’s market. New and existing sellers are taking part
in an Autumn sale, as price cuts by existing sellers hit a five-year high, to
tempt buyers, finds the Rightmove research.
2. New-to-the-market sellers are trimming the asking price of
property this month, albeit by a modest 0.8% (-£2,392).
3. Over one-third (37%) of properties already on the market have
reduced their asking price since first listing.
4. With existing sellers holding an Autumn Sale and obviously keen
to sell, there’s an opportunity for buyers to negotiate a good deal in the
quieter run-up to Christmas.
5. With stretched buyer affordability tested further by the recent
interest rate rise, sellers should be increasingly wary of over-pricing rather
than hoping for a Budget reduction in stamp duty to boost buyer activity.
All of which makes it a buyer’s market. Prices in London are not
going to be reduced forever. So if you’re looking for a new home – and are keen
to bag a bargain – what are you waiting for?
If
we have made a positive impact on you, please kindly leave us a review on our
Facebook page: Facebook/urbanvillagehomes
To
find out what your home is worth right now try out free instant evaluation tool.
For
more information see Estate Agency South East London, pop into our Denmark Hill branch or
email us at info@urbanvillagehomes.com
