New year, new market? LAWRENCE BROWN, DIRECTOR AT STRUTT & PARKER, GIVES HIS EXPERT INSIGHT ON WHAT WE CAN EXPECT FROM 2023
BE THE FIRST IN LINE It pays to be proactive for both buyers and sellers, so start chatting with agents to get the best possible outcome
asset, so it’s vital to know who you are entrusting it to.
benefit from a rise in applicant numbers as potential buyers are typically encouraged to register with estate agents when they see more stock available. ADVICE FOR SELLERS Thinking of making a move? We always suggest inviting three or more estate agents to your house when you start the selling process. Without any obligations, these agents can provide you with a market appraisal, as well giving you an opportunity to discuss market conditions and talk about strategies around your home. You are selling what is potentially your largest
s we closed the door on 2022, the property market in Cambridge continued to show its strength, with sales being
ADVICE FOR BUYERS As a buyer, you’re now in a better position in terms of choice, thanks to a steady increase in properties in recent months. If your future home search is exclusively restricted to scrolling through property portals, we would recommend registering with agents to make sure you’re first in line for new launches. There’s always a proportion of homes sold off-market – you don’t want to miss out on your dream home without knowing!
agreed throughout December. Looking to the year ahead, we are pleased to see plenty of positive signs for both buyers and sellers. Following several mortgage rate rises in 2022, at the end of the year we saw lending becoming less restrictive and it’s hoped this will only continue in the coming months. Along with being a relief to many, an improved mortgage environment benefits everyone, adding both confidence and momentum to the overall property cycle, with increasing numbers of buyers returning to the market. Our office has also seen a steady stream of new instructions – from city townhouses to country farmhouses – which is good for buyers and sellers alike. The former can now choose from a wider selection of homes, while the latter
We always suggest inviting three or more estate agents to your house
68 JANUARY 2023 CAMBSEDITION.CO.UK
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