Number of properties for sale hits two-year high in the UK
As the number of houses for sale reaches a two-year high, estate agents throughout the nation are preparing for a busy spring and summer. According property experts including estate agents in Rushden, the increase in the number of properties for sale is the result of more people choosing to sell their homes as a result of rising home values and improving economic conditions. This increase in houses is excellent news for both buyers and sellers because it expands the property market’s options and boosts competitiveness.
According to a recent story in “This Is Money,” the largest estate agency companies in the UK have reported a sharp increase in the number of new houses going on the market. As mortgage rates and home prices have started to stabilise, sellers are reentering the market in droves after a period of stagnation in the housing sector. Statistics from Propertymark, the top membership organisation for estate agents show that the number of houses for sale has now reached its highest level in 27 months.
The amount of sales being agreed upon is now largely back in line with the usual amount before the pandemic in 2019. The average number of new buyers registering each branch has climbed by a third since the start of the year, and the number of house viewings grew by 21% in March compared to February.
Propertymark’s chief executive stated: “We have seen positive activity in February and March and expect it to continue into April.”
These numbers demonstrate that the housing sector is recovering after a difficult 2022. Experts including Rushden estate agents feel that now buyers have more options and a better chance of discovering the ideal house with more homes available for purchase. The increase in new listings is encouraging for purchasers who have been struggling to find homes to choose from, and the most recent news from the UK’s largest estate agency companies is encouraging for anyone looking to buy a home. More homes are entering the market after a period of stasis. For people who have been finding it difficult to find the ideal property to purchase, this is fantastic news.
Because there are more properties available, buyers have more options and can choose their next home with greater knowledge. Buyers also have more negotiating power since they may take their time and search around for the best deal when there are more properties on the market.
Overall, the increase in new listings is unquestionably good news for purchasers who have been struggling with a lack of available houses. It increases their options, bargaining strength, and ability to influence prices. This may be a fantastic chance for purchasers to enter the housing market and locate the ideal residence.
A property is always best put up for sale in the spring, when many people are making fresh plans and taking advantage of the good weather to look at houses. This increases the desire for homes to be purchased, which presents a good opportunity for individuals who are looking to sell.
1) Impression quality matters
Within seconds of entering your property, buyers form an impression about it; some may even have decided to buy it before even setting eyes on it. So make sure the driveway, flowerbeds, and entry hall—areas that people will see first—look as wonderful as they possibly can.
2) Greet cordially
Set your central heating to turn on before viewings because spring can make a home feel chilly at times. Your property should be cosy for potential buyers, so if you have a fireplace, kindle a fire to provide an extra layer of cosiness.
3) Show the highlights of your home
As much as buying a house, people also buy into a lifestyle. By making certain sections of your home as appealing as you can, you may help them realise the advantages of residing there. Dinner is ready, the dining room table is set, the study desk is organised, a table and chairs are on the patio, and there is cosy seating in the conservatory. Each room in your house should have a clear purpose and be the perfect size for that purpose, regardless of its size.
4) Clean and declutter
A house with less clutter appears larger, and purchasers will believe that it has been well cared for if it is clean. To make your home look, feel, and smell its best for viewings, do a thorough cleaning and decluttering. This also applies outside; trim back vegetation, tidy the patio, and mow the lawn so that buyers may envision the garden as a peaceful retreat rather than a task to be completed.
5) Increase space and light
In small or dark spaces, adding lights and mirrors makes the space appear bigger and lighter. For daylight viewings, make sure windows are spotless and leave blinds or drapes open. For nighttime viewings, turn on the lights in each room.
6) Fix it
Have you noticed a leaky tap, a stuck door or a carpet hole? Before viewings, get all repairs finished to increase its appeal.
One of your most valuable possessions is your home, so entrust it to a real estate professional you can rely on. A smooth and successful sale depends on choosing the right agent, who will market your property effectively, portray it in the best light, and negotiate aggressively on your behalf.
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