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A fabulous welcome to 2020 in numbers and activity through our doors…
Our first week back and in the first 5 days, we have listed 14 new instructions, 6 Net Sales, 8 offers, 5 completions, 41 viewings and lastly…. MANY cups of coffee to keep us going!
Looking for an estate agent who has HIT THE GROUND RUNNING FOR 2020?
Lock and Key are THE top selling estate agent in Melksham. Call us on 01225 707342.
A bit of fun this morning when our Managing Director picked up his morning coffee. The staff at Costa chose a perfect way to label his coffee cup.
Just shows that our marketing is working and getting the Lock and Key name out there!!
*Other brands of coffee are available.
A recent survey suggests that the average homebuyer spends about £5,000 on home improvements within four months of moving. These changes are typically things that had little bearing on the decision whether or not to buy the property, and more about turning a house into a home.
Examples include ripping out a rather dated bathroom suite, changing the light fittings, adding a garden shed, replacing kitchen unit doors and painting the walls a different colour. But how far should a vendor go when deciding what improvements to make before putting the property on the market for sale?
As we predicted, the end of December proved to be one of the busiest in estate agents’ living memory. The apparent end of three years of Brexit confusion, prompted by the definitive general election result intensified buyers’ feeding frenzy between Christmas and New Year. We were open for business during that time and our clients are now reaping the rewards, with a number of sales having already been agreed.
Those buyers and potential sellers who understandably adopted a wait-and-see approach during those politically uncertain times are now expressing their pent-up desire to move and the brakes are off.
This does not however mean that prices will suddenly rise. This is because the increase in new buyers entering the market will be more or less matched by the number of new sellers entering the market between now and Easter. So activity and transaction volumes will rise, which is good for those buying and selling as the additional fluidity provides greater choice and faster moves.
The key message to sellers is that as long as you are not unrealistically ambitious on your asking price, then you WILL sell. This is a time of renewed hope and optimism. We are a stable and prosperous country that has definitively moved away from uncertainty – and we are passionate about home ownership!
If you’d like to take advantage of the opportunities of the moment, then please feel free to call us at Lock & Key on 01225 707342 for a free marketing proposal and suggested asking price valuation of you property. No strings attached and you might be pleasantly surprised!
A new decade has begun, an ideal time to look back at the housing market over the past 10 years.
In England and Wales, the average price of a property has risen by £72,000 over the past decade. Across the South East, South West and London, average property prices have increased by over £100,000. All but one region have seen double digit house price growth.
Official figures indicate 30% of dwellings are now rented privately from registered providers or with a job or business. This equates to an extra 1.3 million dwellings compared to a decade ago.
Changing demographics and family structures have seen the number of households rise at a higher rate than the population since 2010, a trend that looks set to continue. What will the next decade hold? Only time will tell.
Hi All, here I am (Nigel) from Lock & Key who caught up with our recent Christmas Competition Winner: Bev Harris at I D Newman Butchers in Melksham to hand over this wonderful Christmas hamper...there was even a Christmas peck too :-)
Congrats Bev and on behalf of the Lock & Key team, we hope you have a wonderful Christmas 2019. xx
FINALLY- Melksham and the property market. We have a result! Whether or not it is your preferred outcome, at least the confusion suffered by the UK, and the property market in particular, is at an end. Like it or not, it looks like Brexit will now formally happen on 31st January 2020 and politicians can then get on with debating other issues, as they should.
As far as property is concerned, D-Day has now arrived. Countless buyers and sellers, who had been sitting on their hands for months, if not years, now have a green light to press ahead with a move. Most people have not been directly affected by any Brexit-related issues, but have nevertheless maintained a “wait and see” attitude. Yet the need to move remains the same - issues such as a job change, a new baby, children moving schools, death, divorce, debt etc are still the key drivers. Frustration had set in because these motivating influences are very real but there was a reluctance to act on them until the uncertainty was over. Now that there is a relatively clear way forward the brakes are off!
WE PREDICT the busiest December ever, in terms of buyer and seller activity over the coming weeks. There is so much pent-up demand that is just waiting to be unleashed following months of Brexit-related frustration. D-Day will be Friday 13th December – the day when we will wake up to an election result which, whatever the outcome, will put us out of our misery.
Most prospective sellers who have taken a “wait and see” attitude will by then be straining at the leash to get moving and will want to ensure their property is on the market in time for what we expect to be a record number of buyers browsing the portals and agents’ websites. Boxing Day is usually the busiest day of the year for property portal activity, but this year could be extraordinary.
Did you know? 352,980 first-time buyers mortgages have been issued over the past year. First-time buyers now account for over half (50.7%) of all new homemover mortgages (UK Finance). Impressive.
The countdown to Christmas has officially begun! 2019 saw a ho-ho-host of festive addresses sold across England and Wales.
Don’t forget the last posting date for Christmas is Wednesday 18th December for second class and Friday 20th December for first.
Timing Your Sale for the Market
Something to think about, as we near the new year of 2020 in Melksham. We know that property values in Melksham have risen considerably over recent years, and maybe dropped a little too in some areas. There are mixed indications about future property inflation. Even if the market slows, it is more likely to be an easing of the rate of increase, rather than an actual reduction in property prices.
The implications of a continued increase in house prices for homebuyers are significant. Many people think that it is all relative – you may have to pay more for your purchase, but on the other hand you get more for your sale.