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Green Shoots – Game On

The property market has revealed a new dawn in a new decade with greater traction, writes Alistair Hilton, Head of Sales at Balfours.  It’s as if the nations head has been cleared and the moment we stepped into 2020, communication lines are all of a buzz.

There is of course a caveat; stability has dominated Shropshire’s housing market throughout the Brexit trials and tribulations; but with considerably less stock coming to the market.  We were talking to many prospective clients, but caution had dictated a “wait and see” stance, in turn creating a softer market. While softer, has meant slower, values have stayed firm thanks to low interest rates and, limited stock.

Now we are seeing stock levels quietly rise, offering greater choice to a pent up market. There are those who are seeking to move up or down organically as their personal circumstances dictate and those who are seeking to move for strategic reasons; reasons which cannot always be put on hold. Now we are seeing certainty send up the first real green shoots – game on.

Those vendors who have been sitting in the wings off market are now seeing their patience rewarded and choice is beginning to open up for our list of potential purchasers.  In the past three years we have learnt much about holding properties “off-market.”

Even at this point, it is better to be prepared should you be considering a sale. There is a considerable amount of preparation to be done in bringing a house to market; only when it is ready to launch – are you really in the driving seat to dictate exactly when to launch. But in the meantime – it may well match one of our “pent-up purchasers,” thereby never actually coming to market yielding a good sale for minimum stress and cost.

At Balfours, Scott Kemsley in the Ludlow office and Charlie Giffard and myself working from The Square in Shrewsbury, are here to advise and guide you through the business of selling your home, should that be your objective during 2020.  Thank you to those of you who have picked up the phone to us, remember - you never know – a buyer for your home may already be on our books.

Team pic Nov 19 FAVE

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