News & insights
Thames Water Property Searches are here to help you through a busy autumn.
we head into the last quarter of the year - traditionally a busy period for
conveyancing with buyers and sellers keen to move before Christmas – it's
important to prioritise research into any potential issues affecting a
property's true market value.
plethora of factors has led to an increasingly fast-moving housing market as
the year has progressed. The stamp duty holiday which finished last month;
accidental pandemic savings; widespread availability of higher loan to value
mortgages; record low interest rates and movers keen for a lifestyle change
post Covid, have all contributed to things hotting up.
are being snapped up immediately - and, in some cases, before they have even
been placed on the market. A new study from online estate Purple Bricks found that
a quarter of UK properties recently sold for £30,000 - £40,000 more than the
asking price. What’s more, a quarter of sellers reported receiving an offer
within just one week of putting their home on the market and 40 per cent
accepted an offer within two weeks.
buyers may feel speed is of the essence when it comes to securing their dream
home, it’s important not to make hasty decisions in a heated market.
Cope, home buying expert at mortgage broker Mojo Mortgages, has this advice for
viewing any property, it’s important to do your research to get a rough
understanding of its market value and not be swayed too heavily by other
factors such as pressure from the agent, emotion, or current market conditions.
Yes, offering 10%+ above the asking price is likely to result in a successful
purchase, but it could end up coming back to bite you in the future when going
to sell the property.”
Thames Water Property Searches we can offer sellers, and those acting for them,
the most up to date and comprehensive advice on issues and potential problems
affecting a new home, ensuring everything is in order before a purchase.