October Market Comment - Hear from Elizabeth D'Allemagne, Senior Partner
Partner
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Join mailing listWhile speculation continues to divide the market between those eager to exchange pre-Budget and those waiting for clarity, some properties are still moving at remarkable speed. We take a closer look below.
The market has definitely been divided into two camps this autumn. Those who are pushing to lock in an exchange before November 26th and those who are hoping for more certainty with the Budget behind us. There is no doubt that without the current speculation and uncertainty, buyers should be able to be more decisive moving forward, but at what cost? More so than ever, it is critical for sellers to be fully prepared with all necessary compliance checks complete to give buyers confidence, and buyers should have their funding in place to support the strength of any offer. Not all sellers will accept the highest offer, and for those who don’t, minimising risk will be essential in their decision-making. On both sides, efficient solicitors who are geared towards giving pragmatic advice and problem-solving when required are vital to an efficient transaction.
Realistic pricing remains vital, and if the headline figure is perceived as fair value, then competitive bidding is back in play for quality houses.
The Vicarage, Bibury
A very special Grade II Listed village house in need of updating and offered for sale with a survey report, is now under offer after going to formal best and final offers.
Guide price £1,000,000
The Vicarage, Bibury Cirencester | Butler Sherborn
The Rectory, Uley
An idyllic Cotswold rectory also requiring modernisation, set in 1.478 acres and overlooking the village church with far-reaching valley views. A very popular home, again another that went to best and final bids.
Guide Price £1,100,000
The Rectory, 2, The Green, Uley | Butler Sherborn
Spinners Cottage, Bibury
A classic Grade II Listed cottage, beautifully presented and ready to go. Under offer with multiple offers in excess of the guide price.
Guide price £395,000
Spinners Cottage, 10, Arlington Corner | Butler Sherborn
34 Eastleach
A charming semi-detached cottage in need of updating in a very popular village. Best and final offers now under offer in excess of the guide price.
Guide Price £425,000
34, Eastleach | Butler Sherborn
In the meantime, some sellers have decided to ride out the winter, but houses remain for sale privately. As a buyer, you should ensure you are fully registered with agents and remain in touch, so they know you are actively looking. Not everything for sale is available publicly, and social media is fast becoming the most widely used platform now for house hunting.
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