PROMOTION Summer reflections on moving home When daily life returns to normal for many people following the busy summer season, local property expert Julian Rich discusses why September is an important month for anyone thinking of moving before the end of the year The summer holiday period can provide the ideal time to escape the pressures of day to day life, relaxand provide quality time to reflect and consider priorities for the Look carefully at peoperties that have been on the markest for a long time. Longevity doesn't necessarily mean there is anything wrong with the peoperty and could present you with an opportunity to buy at a good figure ifthe seller has realised they were peeviously too ambitious with their peicing Julian Rich GARRNGTON months ahead. For some people, this can lead to cementisng plans to move home. Accordingly, there is usually a noticeable increase in activity in heproperty market from early September, as new sellers list their homes for sale and beuyers commence their property search in earnest homes sit on the market for months just because the asking price is over ambitious Achievable timescales? Family buyers will typically wish to move around school holiday times and for other purchasers moving by the end of the year becomes somewhat of a psychological Sometimes it is better to be realistic with your asking price and generate healthy interest (possibly leading to competitive bid situations) rather than being over-ambitious with no viewings Buyers are typically either upsizing locally deadline to hit into larger propeties, downsizing into smaller properties, purchasing after a prolonged period in rented accommodation or moving hack to the reglon with young families after having built a career in the South or overseas Despite advances in technologies to speed up the process of moving home, it can still take months to progress from your offer being accepted to picking up your new door keys. For this reason, September and October are crucial months if you are steadfast on moving by year end, to allow sufficient time for the legal process to go through. So how do you navigate this market? Once in a position to act, ensure that you are very clear about your search criteria (I would recommend documenting this), listing the absolute essential aspects and those which are a 'nike to have What to expect in the Autumn The shortage of properties may mean that sellers could still be bullish with their asking prices so buyers will need to be careful when making an offer on a property that it is realistically priced, despite the current supply and demand situation Naturally, the smaller the search area, the more sestricted you will be on cholce, so try looking as widely as possible. It is always better so view the peoperties rather than relying on desktop due diligence. Too many people try to buy property online and miss out on gems because they assume a supposed negative is a deal breaker, without taking time so explore the wider benefits a home may coffer Once the ideal home has been found, it is important to act both decisively and prudently. Be wise about your nest peroperty parchase and make the most of the market opportunities that are currently being presented whilst consulting professional advisors before embarking on negotiations and a transaction That said, sellers should also be careful not to overprice their homes. Most buyers are increasingly savvy about a property's value and as a consequene, we have seen lovely Garrington work on behalf of clients who want to invest in property, both locally and throughout the UK. They also provide property finding and relocation services. If you are thinking of moving this autumn and would like further information on how Garrington can assist finding you the right location and property, contact Julian Rich: 01423 206055 info@garrington.co.uk www.garringtonnortheast.co.uk PROMOTION Summer reflections on moving home When daily life returns to normal for many people following the busy summer season, local property expert Julian Rich discusses why September is an important month for anyone thinking of moving before the end of the year The summer holiday period can provide the ideal time to escape the pressures of day to day life, relaxand provide quality time to reflect and consider priorities for the Look carefully at peoperties that have been on the markest for a long time. Longevity doesn't necessarily mean there is anything wrong with the peoperty and could present you with an opportunity to buy at a good figure ifthe seller has realised they were peeviously too ambitious with their peicing Julian Rich GARRNGTON months ahead. For some people, this can lead to cementisng plans to move home. Accordingly, there is usually a noticeable increase in activity in heproperty market from early September, as new sellers list their homes for sale and beuyers commence their property search in earnest homes sit on the market for months just because the asking price is over ambitious Achievable timescales? Family buyers will typically wish to move around school holiday times and for other purchasers moving by the end of the year becomes somewhat of a psychological Sometimes it is better to be realistic with your asking price and generate healthy interest (possibly leading to competitive bid situations) rather than being over-ambitious with no viewings Buyers are typically either upsizing locally deadline to hit into larger propeties, downsizing into smaller properties, purchasing after a prolonged period in rented accommodation or moving hack to the reglon with young families after having built a career in the South or overseas Despite advances in technologies to speed up the process of moving home, it can still take months to progress from your offer being accepted to picking up your new door keys. For this reason, September and October are crucial months if you are steadfast on moving by year end, to allow sufficient time for the legal process to go through. So how do you navigate this market? Once in a position to act, ensure that you are very clear about your search criteria (I would recommend documenting this), listing the absolute essential aspects and those which are a 'nike to have What to expect in the Autumn The shortage of properties may mean that sellers could still be bullish with their asking prices so buyers will need to be careful when making an offer on a property that it is realistically priced, despite the current supply and demand situation Naturally, the smaller the search area, the more sestricted you will be on cholce, so try looking as widely as possible. It is always better so view the peoperties rather than relying on desktop due diligence. Too many people try to buy property online and miss out on gems because they assume a supposed negative is a deal breaker, without taking time so explore the wider benefits a home may coffer Once the ideal home has been found, it is important to act both decisively and prudently. Be wise about your nest peroperty parchase and make the most of the market opportunities that are currently being presented whilst consulting professional advisors before embarking on negotiations and a transaction That said, sellers should also be careful not to overprice their homes. Most buyers are increasingly savvy about a property's value and as a consequene, we have seen lovely Garrington work on behalf of clients who want to invest in property, both locally and throughout the UK. They also provide property finding and relocation services. If you are thinking of moving this autumn and would like further information on how Garrington can assist finding you the right location and property, contact Julian Rich: 01423 206055 info@garrington.co.uk www.garringtonnortheast.co.uk