There is no denying the impact of the stamp duty holiday on the local holiday market. At David Harris & Co, we have been inundated with buyers looking for a property. If you are considering selling your home in Finchley (or surrounding areas) or you are worried about a lack of demand for homes in your area, don’t worry, there is high demand, and we can help.
On Monday the 20th of July, at 11.30 am, we placed a property on St Mary’s Avenue onto the market with an asking price of £900,000. We followed our standard marketing steps, and although the property requires modernisation, we were confident there would be interest in the property.
We were blown away to receive 15 asking price offers within 72 hours. We invited last and final offers from all parties, and after we agreed terms above the asking price, we had one hugely satisfied buyer and 14 buyers who were disappointed at missing out on a home.
These buyers are still hugely motivated, and they are looking for a property on St Mary’s Avenue or close-by. If you own property here or on surrounding roads, and you are considering moving on, there is high demand right now, and we are more than happy to help you sell your home.
We know who the motivated buyers in this area are, and our marketing services are successful in reaching out to the right people.
It must be said the housing market is buzzing with activity right now, but it would be wrong for anyone to suggest this will be sustained for a lengthy period. There was always likely to be a lot of movement when the housing market re-opened, and the stamp duty holiday has provided an additional incentive for buyers.
The 31st of March 2021 deadline seems like a long time away, but time can move quickly with property transactions. At the start of September, there will be just over 30 weeks to the stamp duty holiday deadline. Most industry experts will tell you it takes between 15 and 25 weeks to sell a home in the UK.
As we have shown above, motivated buyers are looking to move quickly, but let’s not forget that many industries are moving slowly across the country. By the time the buyer arranges their mortgage, and the administrative side is taken care of, by professionals following social distancing guidelines, the process might be slightly slower than you would hope for.
Therefore, there is no time to waste when it comes to selling your home and connecting with motivated buyers in the current property market.
We believe one of the most critical steps in selling your home is arranging a property valuation, and we will provide this for you. Our experienced agents know the local market, and what houses sell for. If you want a realistic assessment that helps you connect with buyers, and compete in the local market, choose an informed local agent such as ourselves.
Buyers are desperately looking for homes like yours, and we can help you connect with them. Contact David Harris & Co today by phoning us on 0208 346 9122 or come and see us at 358 Regents Park Road.
