Welcome to the March 2021 Property Market Comment, following a very eagerly awaited budget. Fortunately for the property market, there was no immediate bad news at all, especially in respect of the much-publicised Stamp Duty deadline.
When buying a property, it is usual for purchasers to let the solicitors do their job of scrutinising the legal paperwork and reporting back. This typically includes submitting searches to various authorities in order to reveal any nearby planning applications, infrastructure changes, flood risks, chancel repair obligations, etc.
You only get one chance to make a first impression! When it comes to selling your home, attention to detail could be pivotal in securing an early sale at the best possible price.
Most buyers have a good idea of their preferred location, minimum accommodation needs and ideal style of property. Yet it is often presentation that makes the greatest difference. A well-presented property not only looks more attractive, but also suggests that the owners have cared for it and regard it as their home.
Around Valentine’s Day it would seem that there’s a fair bit of love involved in estate agency! Estate agents are, if anything, matchmakers after all. And just as people fall in love with the right person, so buyers also need to fall in love with a property if the sale is to succeed.
As we all battle through the current lockdown in our own way, the property market remains buoyant. This is perhaps inevitable as we are still playing catch-up following the political uncertainty of Brexit combined with the restrictions of the first lockdown when sales transaction numbers plunged by 50%.
But current market activity remains incredibly high, despite the fact that anyone looking to buy now is unlikely to be able to take advantage of the Stamp Duty concession, worth up to £15,000 but due to be withdrawn at the end of next month.
Fraser Reeves Estate Agents Limited, Reg office: 103 High Street, Newton-le-Willows, WA12 9SL.
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Sales: sales@fraser-reeves.co.uk | Lettings: lettings@fraser-reeves.co.uk
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