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Property Market Comment for Southwell and Newark - November 2022

Chris Pick, Business Development Manager and Valuer at Alasdair Morrison & Partners is keen to point out that contrary to popular opinion in the mainstream media, his teams at Southwell and Newark are continuing to agree sales through both branches.

 

His advice to sellers is to price property sensibly for sale. In the current market, there’s just no point in ‘trying’ a higher price first, and sadly he’s seeing many local properties placed on new instructions, only to be reduced in price a few weeks later. At that point, the selling advantage has been lost.

 

Buyers are expanding their wish list beyond the usual and Chris is now seeing a specific demand for properties located close to popular amenities such as: strong communities, healthcare, doctors and dentists. Properties which can clearly highlight these are receiving viewings as soon as they come on the market.

 

The Sales teams are working hard, matching up the features and benefits of available properties with the wish lists of qualified applicants and arranging viewings as soon as possible.  

 

Mortgage advisers have informed Chris that interest rates have in most cases have started to reduce over the last couple of weeks, so buyers who have not yet secured their mortgages are advised to check affordability again if they looked at products a few months ago. 

 

With just weeks to go until Christmas, the teams are already preparing for next year with new instructions ready to launch in early January. For anyone wanting to sell in the Southwell or Newark area call 01636 813971 or 01636 700888 to arrange a free, no obligation market appraisal and we can get your property on the market in 2023. For rentals call 01636 670977.

 

Chris Pick

01.12.22

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