You no doubt have heard all of the reports of an impending market crash in the housing sector, mostly people predicting that it will happen soon. The truth is that the crash is a long way off from happening to the market, but the sellers wanting to sell a home are now becoming more realistic.
No Drastic Sign
As agents and property professionals slug through their debate over the potential housing market downturn and what advice they should be providing to clients, there are no signs that the market will return to those 1990s drastic states.
In those previous periods, the clear sign of a market crash would be receiving keys through the office letter box with notes requesting an immediate valuation. At this stage, we are nowhere in that state of emergency with the current market.
True, we are seeing signs of a turning tide for the property market in the UK, but to predict a crash is still way too early as supply remains tight and is continuing to underpin the market. The sentiment among sellers, however, has seen a change with them becoming more realistic around their pricing.
Listen to the Agent
Sellers are now realising that they need to listen to what their agents are telling them regarding pricing if they want to sell their property. With looming interest rate hikes, the ongoing cost-of-living crisis and bloated media reports about an impending crash are bringing more stock to the market with more and more sellers realising that their pricing has to be more based on realism.
Now we are seeing more increases in activity from buyers wanting to capitalise on this, especially around people wanting to buy property in Stockport and surrounding rural areas. As rents and hotel prices increase rapidly over the last few months and are set to increase further, it is expected that buyers will see more value in the new build market especially, with the weak pound bolstering the market as foreign parties look to capitalise on discounts through exchange rates.
Good Advice Pays Off
Good advice always pays off and when it comes to the housing market, your sound advice and guidance always come from independent estate agents Stockport. Not only are they the sound voice of reason on buying a property advice, but also around all avenues of how to sell a house and advice on renting a property.
With the need for stabilising the marketplace with realistic thinking, estate agents Stockport should be the one voice where sellers take their most valued decision-making plans.
To sell a home, contact the team at Joules Estate Agents today for all advice on the housing market from buying to selling.