Sellers
We’ve entered a new month with the sun shining and the housing market continuing to thrive. The demand for property is still high, to the point properties around the country are selling for more than their asking price with several buyers putting in offers.
If you have been thinking about selling then here are some reasons you should be doing so this summer:
People are staying in the UK
Traditionally, summer is the season with low selling activity in the property industry, this is down to few reasons including many going away during the summer. With children off for summer holidays and people desperate to catch the sun, holidays are booked and people flock from the UK to hotter countries.
However, the pandemic and uncertainty of travelling regulations have changed that. Many are staying home or going on staycations. In addition, the UK has managed to have summer weather the last few years making it attractive to stay.
With many choosing to stay at home they’re spending more time in their living space and that’s when they find a reason to move and start browsing for a new property.
Mortgage deals are back
The improvement of the market and the normality of life returning means more mortgage deals are available. At the height of the pandemic, mortgage deals had halved with those who had smaller deposits being affected.
Low mortgage rates have enticed buyers and boosted demand for properties. However, if you’re on the fence about selling doing it sooner than later is recommended. The continued increase in property prices and the possibility of mortgage rates creeping back up could cool the property market.
Rightsizing
Not only are people looking for more space, but there are also some who are looking for less. With a shift in the season can come a change in life circumstances resulting in moving properties.
With people having many reasons to move this year, we believe there’s no time like the present to get your property on the market. At Wright & Co we understand finding the right buyer is a priority, we’ll take you through the entire selling process and make sure you’re well-informed.
Demand continues to rise for property so if you’re looking to take the first step towards selling, get in touch for a free valuation.
If you have any questions about selling in Hertfordshire, Essex or the surrounding areas, our friendly and experienced team will be happy to help, get in touch.
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