There are many reasons why people move home. Even in what may be considered a "normal" market, home-sellers and buyers naturally have a thirst for knowledge and understanding. They also need that all important ingredient "CONFIDENCE.
So what is it that buyers and sellers need to drive up confidence?
There are a few key factors, for many that starts with affordability and, at the present time, UK mortgage interest rates are still remarkably low and all predictions suggest that if there is a rise in Bank rates it will be minimal, say a quarter of one percent, and not until the latter part of the year. Therefore, it would seem to follow that the better fixed rate products will be available now rather than later on this year!
"House prices are another key factor" explains Malcolm, "in general terms people like to see that house prices are either stable or, better still, moving in an upward direction. It may surprise many that figures from the official house price index show that house prices did rise across the UK by around 7% last year, even after the referendum, which demonstrates the resilience of the U.K. housing market. Looking at 2017, the view is that house prices may rise a little this year, 3-5% on average, whilst the Royal Institute of Chartered Surveyors (RICS) are predicting 6% and that is what we all need to see - steady growth!
Choice - "buyers naturally like to have plenty of choice, after all people invest lots of time, effort and money in the house buying process and, therefore, they will want to be sure that they have made the right move and found a home that meets with their "dream home" image. Traditionally, this is the time of year when agents can expect a good number of fresh instructions, people often get ready for selling early in the year - certainly ready for March/April at the latest.
Malcolm goes on to say, "the early Spring market is still one of the very best times of the year to sell a property; year in, year out at Webbers our sales activity has a real boost at this time of year, so home-sellers get your home ready for the market now, ask a genuine local, qualified agent along to advise what you should do to make the very best of your home".
In conclusion, at Webbers we are very confident that 2017 will be another good, solid year for the West County property market. The ingredients are right - if anything there is a need for more properties of all types as our unique register of premium buyers is naturally growing at this time of the year and they are out looking NOW, so anyone thinking of a move - call us now! If nothing else we will give you honest and effective advice to get you and your home ready for sale, so the message from Webbers is "keep calm and move".
Webbers Estate and Lettings agents were established in 1924 and have 16 offices across Devon, Somerset, Cornwall and a London office. Webbers are members of the Guild of Professional Estate Agents & selected agents representing The Relocation Agent Network - which together offers access to over 1200 estate agents across the UK. Webbers also have specialist New Homes, Commercial and Auction departments and are multi award winning agents.