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Good News For Those Looking To Sell!

Published: 21/07/2022

There’s good news for those looking to sell – you’re more than likely to reach best price for your property this summer.

It’s as asking prices have reached a record high, rising by 0.4% for the sixth consecutive year according to Rightmove.

Will Lightfoot, Sowerbys Sales Director said: “We’re seeing a thriving property market, with more requests for valuations and we’re achieving on average 102% of asking price of properties sale agreed year to date, making it a great time to sell.
 
The number of new homes coming to market nationally is up 13% compared to this time last year, as shown by Rightmove’s data.”

Will added: “With this increase in stock coming to market, we’re starting to see a more positive turnaround for people looking to buy.

It is great news all round – those selling will likely receive their asking price or more, while buyers are now receiving more choice as well as an ease in competition with other buyers.

With the summer holidays around the corner, we see an increase in footfall to the Norfolk, making it a great time to market your home. Both those interested in relocating to our wonderful county or locals moving to a new area in Norfolk, putting your home on the market now will ensure great exposure.”

Due to the continuing record property prices, now is a good time for buyers to lock in mortgage terms, with many lenders are offering rates for 2-year and 5-year mortgages.

To get your head around your mortgage, our friends over at Broadlands Consultants are always happy to chat.