The month of March is traditionally a very busy month with lots of properties coming onto the market, notes Chris Pick Business Development Manager and Valuer, and this competition between buyers for properties creates March Madness!
Currently, the Southwell office of Alasdair Morrison & Partners is conducting a lot of valuations but as the local housing market is being constrained by a lack of stock, potential sellers are delaying their decision to sell their own home if they can’t find a subsequent property to buy. This delay is unfortunately compounding the problem says Chris, as we desperately need new housing stock to revitalise the market and get it moving again.
We know selling a beloved family home is a big decision to make, especially if you haven’t yet found your next home, but the Southwell market is very fast-paced at the moment. Sellers run the very real risk of missing out when a property does come available as we have a lot of buyers waiting in rented accommodation with ready cash and buyers looking for second homes with large budgets.
New properties coming on the market are attracting considerable interest, with offers on many going over asking price and we are finding that buyers are prepared to wait once they have secured an offer on a property, giving sellers time to find their next home too.
In fact, finishes Chris, we are so busy in both offices at present that we have vacancies for a part-time Sales Negotiator at Southwell and a part-time Lettings Administrator in Newark.
If anyone is thinking of moving in the near future to speak to us and arrange a free, no-obligation market appraisal. Call us on 01636 813971 or 01636 700888 to set up an appointment.
