Looking forward to Spring

As we say goodbye to January and step fully into the new year, there is exciting news from the local housing market. January has proven to be an unexpectedly bustling month, with a surge in activity that has pleasantly surprised us. The market has bounced back swiftly, presenting an opportune moment for those contemplating selling their homes.

One of the significant factors contributing to this surge is the pent-up demand from both buyers and sellers. Many individuals deferred their plans last year due to uncertainties surrounding the ability to sell or the affordability of new mortgages. Now, with renewed confidence and stability, people are eagerly embracing their plans of moving house.

In recent times, we've observed a culmination of factors that make the current market particularly favourable. Sale prices have experienced a modest drop of approximately 5%, providing potential sellers with a realistic yet enticing prospect. Additionally, mortgage rates have seen a notable decline, dropping from 6% or more to as low as 4% in some cases. This reduction in mortgage rates not only makes homeownership more accessible for buyers but also encourages existing homeowners to consider moving – whether to upsize or downsize.

Looking ahead, the upcoming general election later this year adds an extra layer of motivation for individuals to expedite their property transactions. The anticipation of potential changes in policies often prompts people to make significant decisions sooner rather than later.

In light of these positive developments if you have been unsure about considering selling your property this year, now is a great time to kick-start having your home valued and considering your next move. Now is the perfect time to explore your options and make informed decisions about selling your property. Our team at Roger Coupe is here to guide you through the process, offering professional advice and personalised assistance to ensure a smooth and successful sale.

We understand that selling a home is not just a financial transaction but a significant life event. Our commitment is to make this journey as stress-free and rewarding as possible for you. Feel free to reach out to us for a no-obligation valuation and to tap into our local knowledge and expertise. We're here to answer your questions, provide insights into the current market dynamics, and tailor our services to meet your unique needs.