property purchase

Home-movers Wanting a Different Agent

The latest Home Movers Report conducted by conveyancing tech provider Smoove has revealed that almost a fifth of home movers would actively seek a different estate agency for their next property purchase – particularly from a national brand to a more independent and local firm.

Unhappy With Existing Agents

This sentiment has been among thousands of people who have recently moved home, equalling 19% who would rather look elsewhere for their choice of agent for the next time they move home.

Whilst there has been no official word on why a majority would claim to be unhappy with their existing agency or conveyancer, many have put down costs, quality and length of time to complete the move with a national firm as the top three considerations in the moving process.

Most homeowners have stated they were satisfied with their conveyancing firm, with 61% willing to recommend the form they are with to friends and family. A third of homeowners relied on friends and family recommendations for finding solicitors, with 31% using agent referrals and 23% on recommendations from a mortgage broker.

Highlighted Reasoning

Highlighted within areas of stress for many aiming to proceed quickly on purchases were the national brand’s use of complex legal terminology and added inefficiencies with large quantities of paperwork. Conveyancers receive four queries per instruction on average, with the legal process of the transaction taking an average of 8 to 12 weeks.

This is an obvious pointer to why 9 out of 10 homeowners feel the home moving experience is a stressful exercise.

Whilst the situation can be stressful for the homeowners in being affected by the old-fashioned and analogue nature of the process, estate agents are also juggling multiple parties via phone calls and emails, whilst trying to appease all parties on schedule and helping to manage expectations.

Whilst more national high street brand have their numbers to think about, the independent estate agencies are very focused on their area and provide more personalised approaches with their clients. This is something that many homeowners and movers are requiring during a very tumultuous time in the housing market.

Local Help

When it comes to homeowners wanting to buy property in Stockport, local estate agencies are deemed more approachable for the area, with many national brands tending to focus on wider searches such as Cheshire and Manchester housing on top. This means that the focus becomes wider and home movers have to join the number of people wanting callbacks and updates.

A local estate agent Stockport has a more central focus and importance of the area you want to live within, and solid relationships with businesses and trades within the area – and are more approachable throughout the entire process.

Contact the team at Joules estate agents today for help in how to sell a house, property purchase, or seeking buying a property advice.

Read More

Agency Stock on the Rise

A strong indicator of how the outlook for housing is looking came in last week when Propertymark highlighted that 52% of their branches had most sales completed below the asking price in September. In March, that figure stood at 15%.

lighted that sellers need to take a step back and be more realistic around their pricing to get some serious ground on the sale of their homes if they are looking for immediate sales.

Dip In and Out

The number of house hunters registering on books peaked in January and April and noticeably dipped during the summer months. August and September have seen a surge once more in people wanting to buy, as well as hesitancy among new buyers given rising interest rates.

August and September also saw an increase in homeowners wanting to get their homes valued and sold, which presented a great wealth of news for buyers who had missed out previously. Now, with the economic climate changing, a new housing secretary taking the reigns and other factors about to come into play, many buyers have become realistic about the prices they might achieve.

Advising for the Outlook

Many would predict that the market will slow considerably in the run-up to December – which will add even more incentive for those looking at how to sell a house to strike a great deal for those looking to buy property in Stockport.

With so much uncertainty around the nation concerning housing and government, it could be a case of leaving things until the new year is jumping from a frying pan and into a fire. There is no telling how the inflation will play out in 2023, much less the state of mortgages and how everything plays into the future of affordable housing.

Where the Issues Lie

Whilst no one selling looks to sell under their asking price, it certainly seems to be moving part of the housing market along. Everyone is keeping a very close eye on the housing market as we are yet to see the full effects of the government’s rollback on the mini budget and economic shifts on house prices.

Affordability issues may have a knock-on effect on the number of buyers over the next coming months, but the good news is that housing is still very much in popular demand and will continue to be so.

For information on buying a property advice and advice on renting a house, contact the team at Joules estate agents Stockport today.

Read More