Following on from the success Simpson West has seen since reopening our doors back in June, I felt it was a good time to update our sellers, landlords, buyers, and tenants on our thoughts, plans, and goals for the next few months.
With over 30 years’ experience in estate agency, I’m very used to the patterns of the industry and the fluctuations in supply/demand throughout the years, however, this year has been new to us all!
High demand for housing in Corby
We’re seeing continued high demand for housing across Corby, with townhouses, countryside homes, and apartments all selling within days of being listed, even with house price increases. Thanks to the stamp duty holiday, buyers are desperate to move before the tax is reintroduced in March 2021, and with sales taking between 15 and 25 weeks on average, those still looking to move home are squeezing that deadline more tightly every day.
Although we’re just stepping out of summer, buyers are already thinking about their ability to move before Christmas, which is also helping to ramp up demand, so I can’t say this enough, if you’re planning to put your home on the market, now is the time to do it!
We have an amazing team on hand to push your sale through and offer a number of complementary services that will help you on your journey.
I’ve been keeping a close eye on the UK’s situation and with the government’s recent announcements that aim to support jobs and reduce the number of redundancies, I’m confident the housing market will remain strong as the year closes.
Experienced Corby lettings agent
Despite huge demand for buy-to-let properties as landlords also take advantage of stamp duty holidays, we’re seeing a real shortage of houses to let coming to market. This in turn is inflating rental values as demand soars. I encourage new and existing landlords to urgently get in contact with our experienced property management team based in Priors Hall, who can offer the best possible service for those looking to let a property.
Open longer than other estate agents in Corby
As a company, we greatly value our customers and thank each and every one of you for your continued support and loyalty. The endless recommendations we receive from buyers, sellers, landlords, and tenants who have been delighted with our service have enabled us to get back to the office and (reasonably) back to normal! We haven’t had to reduce our service or hours, opening 7-days-a-week and later on weekdays than any other estate agent in Corby.
Our customers have always been at the heart of our business and we’re proud to be here when you need us. I can personally say we’re proactive and enthusiastic, allowing us to put more urgency into a transaction, helping you to achieve the best possible price for your home.
This said, it’s important to remember the market is becoming more price-sensitive, and with many obvious over-valuations leading to a considerable number of price reductions, it’s important to understand that the key to a quick and successful sale is to price correctly at the outset – something I’ve always been an advocate for.
A high level of independent financial advice
Unfortunately, the banks are becoming more and more cautious about lending, and therefore, expert financial advice has never been more important. I am proud to work closely with Dan Wyke of Wyke Financial, who offers our customers a high level of independent insight, helping buyers to navigate what can be a complicated mortgage market.
Dan helps buyers improve their buying position by arranging mortgages in principle which is highly beneficial, especially with limited mortgage products available at the moment. Banks are looking for a higher loan-to-value rating, meaning deposit requirements are increasing, so using someone like Dan, you can be sure of your options, reducing the chance of a failed mortgage application further down the line.
Once again, I’d just like to say thank you for your continued support over the last few months and look forward to working with some new faces as we head into the new year.
Get in contact with the team today to discuss your property journey.