June has proven to be another strong sales month with our statistics consistent with 2019 overall. Although Venmore’s new listings have shown growth year on year, the overall market shows a slight decrease in the availability of houses from 2018. In such a fluid market place with demand outstripping supply, now really is an excellent time to achieve the best price for your biggest asset.
Viewings - 819
Applicants - 436
Offers - 167
The main concern we have found with homeowners in such a market place is the potential of selling your home without being able to find the right property to buy yourself. In a market place that has more buyers than available properties, there are two factors homeowners need to consider when faced with this quandary.
Firstly, due to the high volume of unencumbered buyers in the market place, it is crucial that before viewing properties you have a buyer secured. Secondly, you have an estate agent working for you that pride themselves on delivering a top-quality service to their client and manages expectations of your buyer to allow you sufficient time to find your perfect home. Ultimately your new home could be available now, 4 weeks, 8 weeks or in 3 months’ time. It is an increasing certainty that if you are not at least on the market you will be competing against other buyers who are in a position to proceed, meaning you will find it increasingly difficult to secure your new home. This has again been reinforced in June with over 40% of our sales having more than 3 offers per property from unencumbered buyers.
Our staff have a combined experience of more than 120 years in our market place and as an estate agent who measures themselves against vendor satisfaction, we would be delighted to hear from you and discuss how we can manage your next move and make it a reality.
Mark Russell
Regional Manager
