Market Update | October 2021
Last month was another milestone month, signing off the end of the Stamp Duty incentive for buyers and providing some of the highest levels of exchanges ever in a given month – not quite the dizzy heights of June but significant all the same.
We saw an incredible increase of 45% more exchanges in September 2021 than in September 2020.
This is good news for a huge amount of happy new homeowners who can now relax in the knowledge that they’ve successfully moved and were able to save a bit of Stamp Duty as well.
Property prices continue to dominate with a 1.4% increase alone in Q3 over Q2 and over 6% since Q1. No wonder buyers are keen to complete as they are likely to be paying more for the same property if they need to start all over again.
The other hot topic this month is the dramatic shortage of new properties coming to market.
If you’re not in the best possible position, the chance of securing a home is slim. This poses the question “do I find first, before I commit to selling?”.
We know that there is a lot of stress and anxiety that goes alongside deciding to put your home up for sale. You don’t want to lose money, waste anybody’s time and you don’t want to be pressured into a home that isn’t right for you.
But the truth is that you are going to have a much better chance of having an offer accepted if you are already in a position to move forward.
Wouldn’t it be helpful if you could get a head start on all of the preparation that goes into marketing your home without actually ever pressing the button to go live?
Well, how about Market Ready from Cubitt & West?
Market Ready is an innovative new way for you to make a start on your new home journey, without any of the commitment to fully launch your home to buyers.
We will go through all of the pre-marketing paperwork and legal compliance early, as well as photograph and video tours – all saving you precious weeks!
Simply hit the pause button until you find the right home and are ready to sell.
Find out more about Market Ready and speak to your local team today. We can’t wait to hand you the controls and help you to move forwards!
Until next month,
Group Managing Director