Why NOW is a great time to sell your home in Ceredigion
The Stamp Duty holiday certainly fired up the property market last year across the UK, and we saw many people moving as a result. Regardless of whether these rumblings become reality or not, we still believe that now is a great time to sell your home in Ceredigion.
Are there buyers?
The desire to move never fades, even during a lockdown, and this has been proven when you take a look at House Price Index. The index shows that visits to property websites such as Rightmove and Zoopla are up 45% on last year, with those eager house-hunters increasing the number of enquiries by 18%.
The problem we are facing currently at Alexanders is that this buyer increase means more demand and less stock! There are plenty of buyers but not enough houses.
A sellers market
As fantastic as this surge of buyers is, there is a problem: demand is outstripped by supply, there are just not enough houses on the market for them to buy. In a sellers’ market such as this, it means that any home on the market will receive lots of attention, especially if it is priced correctly and marketed properly.
Why are people not putting their properties on the market?
One of the reasons suggested for the lack of available properties is that people have resisted the urge to place their home on the market due to the pressures of home schooling. If you, like us, are trying to keep your sanity whilst googling ‘how to…’ to help your child with their schoolwork, you are not alone. Whoever said moving home is one of the most stressful things you can do in life, hasn’t experienced a lockdown with home schooling alongside home working – thank goodness it comes to an end soon.
It is completely understandable that the idea of throwing a move into the mix has been one stress too many for lots of people. When the little ones are back in school we believe that the number of homes coming on to the market will start to increase and, as such, start to meet that demand from buyers. But remember, the more houses there are for sale, the more competition there is to catch potential buyers’ attention.
What do buyers want these days?
Today’s buyers know exactly what they want. This last year has given everyone a different perspective on personal needs, and this might now include space to work from home. Only this week, HSBC have announced that they are letting go of almost half of their global office footprint in favour of a “very different style of working post-Covid”. They are not the only corporate name to be making this move, and it is believed that the post-Covid working environment will be very different to what it was just over 12 months ago.
This huge change in the global working culture means that now more than ever before, a space to work is essential, whether that’s from home or an office hub. We have seen over the past year many home offices being built in gardens and in converted garages. It is therefore worth thinking about presenting an ‘office space’ in your property when you decide to place your home on the market.
Why not start by seeing how much your house is now worth?
With the lack of stock, means demand is higher and therefore prices have increased too. There is no doubt that the idea of a post-Covid fresh start is extremely alluring, the idea that when June arrives, you will be able to enjoy your freedom in a wonderful new home. We know that many of you in Ceredigion have invested in your properties over the last year – the queues at the DIY stores and the difficulty of finding certain shades of paint and materials was testament to this. All your hard work and creativity may give you some good news when we come to value your property.
Why sell your home now?
Why wouldn’t you want to sell your home when there is an abundance of buyers and a lack of properties available? We can start to do the work now so that when the schools are back and things are a little calmer, we can have your home marketed as quickly as possible. If you’re thinking of moving, now is a great time to sell your home in Ceredigion.
Did you know we offer three types of Valuation? (All free of course and they are great even if you are just curious)
Just curious?
Try our Instant Valuation here.
Thinking of moving in the next year but not ready to meet us yet?
Valuation Plus where you can be in charge and add your own details & photos here.
Looking to move in the next few months?
Face to Face Valuation here.
Anything we can help with then please let us know!
Take care,
The Alexanders Team.