Chard Property Instructions Up 72%!

Whilst marginally fewer sales are being agreed than at the same time in 2007, the number of sales that are falling through has dropped by 8%. Both buyers and sellers are more committed and organised.

Instructions on properties for sale in London with Chard Estate Agents are up an astonishing 72% on a year ago. More choice in the market, together with (in historic terms at least) cheap money and readily available finance for credit worthy individuals makes it a great time to be buying property in Central London. The market has re-settled in a more balanced way giving buyers a stronger position than the hitherto seller dominated market. Vendors have been increasingly realistic over the last three months in accepting sensible offers. - This is when estate agents have to be the best in their field as negotiations are common.

My advice to vendors in this market? Be prepared! A typical case of a vendor being ready for the market, we recently sold a property in Rosary Gardens, SW7 with a smooth three week progression to exchange. The vendor had fully supplied their solicitor with all necessary documentation including the HIP in advance.

Buyers of course need to have their finances in order before even thinking about an offer! They are now being more vigorously pre-qualified by mortgage brokers (re-assuring for the buyer who can therefore proceed knowing finance is in place). We recommend Charles Cameron Mortgage Services as mortgage brokers to help ensure buyers secure the most suitable mortgage for their specific needs. Their brokers tell me that whilst there has been a reduction in the number of mortgage products available, this has been focused on higher risk lending where little or no deposit was required. For typical buyers who have a realistic deposits in place there is still a wide selection of mortgages available for both residential and buy to let.


Dio Davies - Conveyancing Manager.