PROMOTION Playing the Waiting Game Local property expert Julian Rich discusses the challenges of finding the perfect home in Yorkshire. rather than later and are looking for an individual home then my advice is that There is nothing markets like less than uncertainty and there's certainly lots of that at the moment. In the Yorkshire property market, the response for many has been to sit tight and wait for clarity: fearing that the market may be against them if there remains ongoing uncertainty surrounding Brexit for many ifa property delivers 8 out of 10 of your requirements then go for it. The perfect house might not exist and you may have to create it. Ifthe perfect house does come along, then why would you not try and buy it even in a difficult market particularly Julian Rich GARRINGTON if you are planning on living there for the long term. It might not be available again months to come. Where hefty asking prices are being sought, invariably there follows a flurry of viewings (it's a new, rare and exciting property after all) and then a lengthy period of stalemate until the price is Waiting to sell An estate agent recently told me that of all the valuations they had given to potential sellers lass year, only half of them had for a generation Taking longer to complete The sensitivity of the market, on both sides is meaning that even after an offer has been accepsed the conveyancing and due diligence period is typically taking considerably longer than previously Cautious buyers are taking time to carefully assess the structure and legal aspects of their future home and ever more frequently, looking for the inevitable issues to be reflected through a price reduction. Frustrating for a seller but often necessary to reflect the sensitivity of the market decided to put their property on the market with anyone. Extrapolate that over the lowered to a level that the market deems to be acceptable. dozen or so agents in the area and that's a The lesson here is that if you want to sell your home, get proper advice and listen to it lot of properties waiting to change hands It is understandable why so many homeowners are holding off listing their properties. If you do not have to move and having looked at the property portals, seen that there is not much to buy then staying put can seem like a really good strategy. Buyers are wary At the other end of the spectrum, buyers are interpreting the market in a very different way. Sure, the lack of stock is reducing their buying-power, bat the political uncertainty is making them highly wary of overpaying and making a wrong decision. Add to this the possibility that a protracted Brexit and the associated uncertainty might adversely affect the housing market then many buyers are For those who decide to actively sell their property, it is tempting to use the lack of stock situation as an opportunity to dictate Get it right, make it happen in an uncertain market, it has probably never been more important to obtain the correct advice from a local property expert who understands the nuances of the local market, what properties have been sold at what prices and who can beoker a deal that may need sensitive nurturing over the line to the market. Most of us view our homes through rose tinted glasses and probably believe it is worth more than it is so, when three stock-starved estate agents visit your property to advise you, it's very tempting to not only take the top price but also add a bit for good measure. In many cases selling prices are being driven not by valuations but by sellers and I could (but wont) mention many examples of homes that have hbeen put on the market at over bullish prices. wondering why sellers are not welcoming purchasers looking to negotiate a deal during this period of relative calm At a time when it is easy to just wait, having a professional property advisor on your side can help you weigh up the plethora Perhaps something better will come along? If you have time on your hands then walting usually produces more choice. But, for those who would like to buy sooner of items that need to be considered and enable you to buy with confidence, For more information on how Garrington can help you find and acquire the perfect property contact Julian Rich: 01423 206055. info@garrington.co.uk www.garringtonnortheast.co.uk PROMOTION Playing the Waiting Game Local property expert Julian Rich discusses the challenges of finding the perfect home in Yorkshire. rather than later and are looking for an individual home then my advice is that There is nothing markets like less than uncertainty and there's certainly lots of that at the moment. In the Yorkshire property market, the response for many has been to sit tight and wait for clarity: fearing that the market may be against them if there remains ongoing uncertainty surrounding Brexit for many ifa property delivers 8 out of 10 of your requirements then go for it. The perfect house might not exist and you may have to create it. Ifthe perfect house does come along, then why would you not try and buy it even in a difficult market particularly Julian Rich GARRINGTON if you are planning on living there for the long term. It might not be available again months to come. Where hefty asking prices are being sought, invariably there follows a flurry of viewings (it's a new, rare and exciting property after all) and then a lengthy period of stalemate until the price is Waiting to sell An estate agent recently told me that of all the valuations they had given to potential sellers lass year, only half of them had for a generation Taking longer to complete The sensitivity of the market, on both sides is meaning that even after an offer has been accepsed the conveyancing and due diligence period is typically taking considerably longer than previously Cautious buyers are taking time to carefully assess the structure and legal aspects of their future home and ever more frequently, looking for the inevitable issues to be reflected through a price reduction. Frustrating for a seller but often necessary to reflect the sensitivity of the market decided to put their property on the market with anyone. Extrapolate that over the lowered to a level that the market deems to be acceptable. dozen or so agents in the area and that's a The lesson here is that if you want to sell your home, get proper advice and listen to it lot of properties waiting to change hands It is understandable why so many homeowners are holding off listing their properties. If you do not have to move and having looked at the property portals, seen that there is not much to buy then staying put can seem like a really good strategy. Buyers are wary At the other end of the spectrum, buyers are interpreting the market in a very different way. Sure, the lack of stock is reducing their buying-power, bat the political uncertainty is making them highly wary of overpaying and making a wrong decision. Add to this the possibility that a protracted Brexit and the associated uncertainty might adversely affect the housing market then many buyers are For those who decide to actively sell their property, it is tempting to use the lack of stock situation as an opportunity to dictate Get it right, make it happen in an uncertain market, it has probably never been more important to obtain the correct advice from a local property expert who understands the nuances of the local market, what properties have been sold at what prices and who can beoker a deal that may need sensitive nurturing over the line to the market. Most of us view our homes through rose tinted glasses and probably believe it is worth more than it is so, when three stock-starved estate agents visit your property to advise you, it's very tempting to not only take the top price but also add a bit for good measure. In many cases selling prices are being driven not by valuations but by sellers and I could (but wont) mention many examples of homes that have hbeen put on the market at over bullish prices. wondering why sellers are not welcoming purchasers looking to negotiate a deal during this period of relative calm At a time when it is easy to just wait, having a professional property advisor on your side can help you weigh up the plethora Perhaps something better will come along? If you have time on your hands then walting usually produces more choice. But, for those who would like to buy sooner of items that need to be considered and enable you to buy with confidence, For more information on how Garrington can help you find and acquire the perfect property contact Julian Rich: 01423 206055. info@garrington.co.uk www.garringtonnortheast.co.uk