May Property Market Update
Selling This Spring? What to expect and top viewing tips
Lou Fletcher from Piccolo Sales and Lettings in Salisbury provides our May Property Market Update. This month, she looks at what the property market is doing this Spring. And, top viewing tips to help get your property sold.
Spring is famously the busiest season for buying and selling, and not just because our thoughts turn to spending more time outside in summer. Now is when families start planning their move for the next school year, an immovable and non-negotiable deadline that brings more homes to the market.
Zoopla has already seen a slight increase in the number of properties for sale, up 3.5% in the four weeks to 20th March. That’s a welcome relief for buyers who’ve been waiting in the wings through winter’s supply shortage, but what does it mean for sellers?
WHAT’S THE MARKET DOING?
“The imbalance between high buyer demand compared to low available property supply is the greatest we have ever seen for the start of a spring market.” Those are the words of Rightmove director Tim Bannister.
Although very few homes are on the market (at least, officially), it isn’t because nobody wants to move. The fear of not finding somewhere to go has made sellers hold off, keeping portals like Rightmove short on listings.
However, behind the scenes, sales are still happening. Estate agents have been piecing chains together from a small selection of hand-picked buyers and introducing them to off-market homes. In fact, 1 in 10 sales in the UK have been off-market this year.
So how do you get to know about these secret properties? Well, to be at the top of the list, you need to be ready to go. That means either having no property to sell, or having a sale already agreed on your current home.
Accepting an offer today doesn’t mean moving out tomorrow. But without a buyer in place, you’ll miss out on the homes that never make it to the market.
SPRING VIEWING PREP
Now that the clocks have gone forward, more viewings happen in the daylight, which means buyers often make their decision on their initial visit. This makes it essential to get things right the first time around, and our seasonal viewing tips will ensure your home is filled with the joys of spring.
- Clear the decks
Google searches for decluttering went up by 700% at the end of 2021, so perhaps you’re already ahead. Getting rid of clutter isn’t about stripping away personality; think of it as treasuring the things you love, displaying them with purpose, and organising your everyday essentials – all in a way that allows your home to shine.
- Live in the light
With brighter and sunnier days, every detail of your home is thrown into sharp relief. Make the most of it by opening and dusting blinds, pulling curtains back, polishing windows, mirrors and surfaces, and keeping internal doors open to lighten every corner.
- Make perfect scents
Fresh air is your friend, so keep a couple of windows slightly and securely ajar to remove any reminders of last night’s takeaway. Then add a zing of spring with a single vase of seasonal blooms and let their natural fragrance permeate your home.
- Think all-weather welcomes
Spring blue skies are lovely, but there are no guarantees with the British weather. Give your viewers somewhere to wipe their feet, hang their jackets, drop an umbrella and leave their shoes if it’s tipping it down.
What’s your next step?
Have you read something in this May Property Market Update? Would you like to sell your home soon, but you’re concerned about finding your next one? Perhaps you’re wondering whether it’s better to keep holding off or get the ball rolling? Whatever you’re feeling right now, Piccolo Sales and Lettings are available for a chat.
Give them a call on 01722 580059, visit their website or email them at info@piccoloproperty.co.uk for friendly and expert advice.
Please note. While we take care in choosing local property partners to recommend to our clients, we cannot be held responsible for the service they provide.
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