Spring is now on our doorstep, the scent of fresh blossom on trees, birds tweeting away giving us the feel good factor, writes Linda Crapper, managing director of Saxton Mee’s noth branches.
She continued:”We have had an excellent start to the year with property prices at an all time high, which is due to a lack of supply in houses.
We desperately need more homes to sell and now is the time. Since 2007, prices are at an all time high. Buyers are there but the stock of homes isn’t.
Many of our customers keep asking when will properties start to come through?
Spring is when most activity starts so watch this space for your new dream home.
The hot spots have no doubt been the terraced and semi detached houses, some of which have experienced some 25-30 viewings over a weekend. This in turn gives us many healthy offers, some properties going to best and final.
Given that on average last year we would get some four-eight viewings, we have seen a massive upturn.
The Government backed scheme and low interest rates have given more confidence in buying. Also investors are fuelling the market due to the poor interest rates. As my father always said “bricks and mortar - the way to invest”.
Over 30 years ago I bought my first house costing £4,400. It needed modernising and in those days we received grants to cover this. In today’s market, the same house would be around £125,000.
My advice when looking for a house is, don’t always wear your rose tinted glasses, look for something you can add value to as well as putting your stamp on a house.
Some people who lead busy lives want a home ready to move into and I can fully understand this.
When coming to sell your house always remember that presentation is a key factor – first impressions really do count. Bathrooms and kitchens are the key selling factor, de-clutter, tidy outside. It works!
The rental market is still also booming with first time buyers having to save now twice as long as they would have in the past. They are also being helped by parents with regards to deposits.
There’s definitely a lack of new homes being built in Sheffield. We need more of them and Brown field sites need developing.
I feel our council should enforce some of the planning permission to develop rather than letting vendors hold on to the land.
We might see more of a cooling down on demand but don’t be fooled, homes will still sell and as one home is sold another becomes vacant and so continues the circle of house sales.”
Saxton Mee’s head office is at 949-951 Ecclesall Road, Banner Cross, where its survey department is also based. The firm also has offices in Dronfield, Crookes - also the base for its new homes department - Hillsborough, Hathersage and Bakewell.