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15Feb

As we settle into 2024, and the transition from winter to spring, we often have more time within our own four walls to contemplate new beginnings and reflect on changes and aspirations we have for our lives. Many individuals and families may find themselves assessing their current residences and wondering just whether relocating may align with those new aspirations. 

Determining the optimal timing for such a move requires weighing up a variety of evolving factors. Economic outlooks, housing market projections, quality of life expectations, career  and personal readiness can all impact this key decision point.

Will 2024 Be A Good Year For Moving Home?

Signs suggest that the 2024 UK housing scene will be a balanced playing field for both buyers and sellers alike. So, if you're thinking of selling and moving, this year may be ideal timing.

A projected cooling in the market emphasizes the importance of strategic pricing from the outset, and it will be key for sellers looking to remain competitive. With more houses sitting longer and price drops becoming common, setting the right asking price from the get-go, based on similar local sales, will be critical. Being better able to match what buyers in your area can actually pay versus going in too high, will streamline the selling process and prevent needing to reduce a price just to increase a property’s appeal.

Understanding local sales data as well as trends can help to set a motivated yet fair price from day one, and sellers can maximise their home’s visibility among neighbourhood buyers. This taps into initial interest before prospective buyers get distracted by lower or reduced listings. It shortens the sales journey, allowing deals to close while market heat, though cooling, still persists. Starting with realistic, data-driven prices also allows sellers to maximise exposure when hitting the market. This also enables deals to transact before tailwinds like low mortgage rates recede. 

Meanwhile, certain regional market trends will continue to influence people’s house-moving and investment decisions. Lifestyle factors are another key driver among remote workers searching for affordability without sacrificing job opportunities or career development. Moving provides a fresh start, the chance to plant roots in a new community and unlock access to fulfilling experiences that result in a better work/life balance.

This year is clearly shaping up to offer a relatively promising landscape for property transactions. The expected balance between price growth and mortgage affordability makes 2024 an especially good time to consider entering or moving within the UK property ladder.

Reasons To Consider Moving in 2024

So, with this year showing promising signs of being a prime time to make a move, forecasts from the experts call for a period of cautious optimism. Mortgage rates may still be higher than historically low levels, but the market is certainly calmer and there are rumours that rates are expected to fall in 2024. Buyers who paused their moving plans last year could now be able to make more concrete plans based on greater affordability. Within this backdrop lie compelling motivations for using this optimism as a catalyst to relocate.

Seeking an improved lifestyle stands out as a leading reason to move for many people. As priorities evolve across life stages, from expanding families to shifting retirement dreams, finding a home that enables your ideal daily experience becomes essential. Whether larger spaces, connectivity to certain amenities, more walkable communities or simply a change of scenery, a new year kick start offers an opportune time to embrace a move that facilitates the lifestyle you aspire towards.

Smart financial planning also plays a role for some evaluating a move. Tapping into home equity can help consolidate debt, fund further education or expand investment horizons to enrich retirement savings. Consulting experts to map out the pros and cons of relocation tied to your larger financial picture deserves consideration.

Of course, personal factors related to health, family, and unique needs should anchor any moving decision. But from lifestyle alignment to strategic financial planning to simply embracing positive change, the UK housing market forecast for 2024 does offer a generally supportive environment for making a move.

Challenges To Consider When Moving In 2024

While the market outlook should attract many prospective buyers and sellers, significant challenges still remain that could disrupt your moving plans. For instance, rising inflation and interest rate hikes could dampen affordability and purchasing power for some prospective buyers. Even sellers could find softened demand that curbs the number of attractive offers. Fortunately, a cooling market this year could offer short-term bargains.

Surging costs for relocation-related services also warrant caution. Comparing multiple moving companies, and being flexible on timing can yield you savings but you may find bargains few and far between with the rising cost of living having pushed prices up. Though not always easy, avoiding peak summer moving season may also provide relief.

While challenges persist, proactively developing mitigation strategies, contingencies and emotional support systems can effectively counterbalance 2024’s promising upside for prospective movers. Market indicators may encourage a move, but personal readiness and resilience will ultimately determine success.

Top Tips For An Optimised Move

Given the constructive outlook for the housing market, 2024 may be the ideal time for a well executed move. By adhering to best practices in preparation, logistics and emotional support, you can effectively navigate challenges and ease the transition process.

Start early by outlining a comprehensive checklist covering all details from property selection to address changes. Building in a buffer of 4-6 weeks enables you to tackle items methodically without last-minute stresses escalating costs. It’s also wise to strategically purge and pack belongings in advance, so you’re only moving essentials to your new home. This reduces loading fees and frees you from clutter assuming lifestyle changes. Properly labelled, sturdy boxes also protect valuables while keeping movers efficient.

Though it is an added expense, professional movers remove heavy logistics off your shoulders while protecting your cherished items from harm, so it can be a worthwhile investment. Compare costs for multiple services for the best value mix of affordability and reliability. Looking ahead, contact utility companies early to seamlessly transition power, water and internet without disruptions as you move. Confirming timeline alignments sets up a smooth landing and means you’re not waiting weeks for the essentials.

 

We are now 10% of the way through 2024 and the housing market appears poised to deliver balanced opportunities for buyers and sellers looking to make a move. While broader economic uncertainties persist, indicators point towards continued housing price appreciation paired with competitive mortgage rates, potentially enhancing affordability for prospective buyers and sellers alike.

If you are seeking expert advice and eager to get a head start and launch your home to the market before the Spring rush then just get in touch with me, Katie Griffin by email - katie@sawdyeandharris.co.uk or 01364 652652.




16Dec

We are always looking to speed up and smooth out the property buying and selling process and having looked at the current system, we needed an improvement. 

Our goal has to be to reduce the time it takes to move and provide more information upfront to a potential buyer, resulting in fewer sales falling through.

Preparing information before a sale is agreed shaves many weeks off the sale time. A potential buyer reading all the information about the property means nothing is hidden that could put them off at a later date. Transparency is much smarter for all and meets the current recommended guidelines by Trading Standards for upfront information.

We have partnered with Gazeal to offer a superb solution for our sellers and buyers.

 

 

GETTING SALE READY - What is a 'Buyer Information Pack'

Usually, after a sale is agreed, it's panic stations. A seller and buyer are asked to source a solicitor and instruct them. Then there’s a lot of paperwork and ID checks to go through before things could officially get moving on the property sale/purchase. Waiting on these necessary forms and documents hold up a sale and add weeks on to the process.

Instead of waiting until an offer has been agreed, we offer a unique service to help our sellers go through all the necessary paperwork right at the beginning, before we start to market their property. The documents we help prepare include:

  • Property information form (TA6)
  • Leasehold information form (TA7) if applicable
  • Fixtures and fittings form (TA10)

The Government and National Trading Standards require that more material information needs to be provided to potential buyers upfront.  Getting this ‘buyer information pack’ ready right at the start means that we are ready to digitally share it with our seller’s solicitor and reduce any potential delays.

We still recommend a seller instructs their solicitor early to open up the file and do the ID checks. The solicitor won't need to obtain Title TA6, TA7, or TA10 as we can email them the link which will also contain other documents relating to the property. This pack is available to the seller, the buyer and their respective solicitors.

What does a 'Buyer Information Pack' contain?

 

Our (Law Society Approved) Buyer Information Pack is packed with information on the property that will help secure a serious and committed buyer. 

This process speeds up transaction times by multiple weeks.

Who can see the Buyer Information Pack?

Some of this information is publicly available on our website on each property, some of it we can email a potential buyer as it could be more private information. Security is paramount for us.

The pack is also available by invitation to potential buyers and their solicitors before they offer. An educated buyer is more secure knowing all the ins and outs of a property before any offer is accepted.

How much does a Buyer Information Pack cost?

There is no charge for Sawdye & Harris to organise the pack and securely store it electronically for our clients.

If you have any questions about our Buyer Information Packs, please do not hesitate to contact us.

Want to reduce the risk of a fall through even further? Contact us about our Reservation Agreements.

12Dec

As we look to the festive season and then to the New Year, it's a natural time for reflection and resolutions. Perhaps among your aspirations for 2024 is the desire to create a positive change, and what better way to achieve that than by exploring the idea of a new home?

The holiday season often sheds light on aspects of our current homes that may no longer align with our needs and desires or what we really want. Are you feeling a bit too distanced from loved ones? Did the holiday break expose the inconvenience of traveling to supermarkets and shops? Or did you find your space challenged when hosting a growing family? If any of these questions resonate with you, the beginning of the year might be a good time for a change.

Here are some great reasons why considering a move in in 2024 could be the perfect start to your year:

1. A Fresh Start to the Year: Moving in January not only allows you to swiftly check off one of your New Year's resolutions but also sets the stage for creating new memories in a new home. Plus, the early move sets you up for an effortless spring cleaning when the time comes!

2. Quieter Social Scene: January tends to be a quieter month socially, providing you with the perfect opportunity to use your free time wisely. Utilize this time to explore properties, declutter, and efficiently pack your belongings.

3. Less Market Competition: With fewer homes typically on the market in January, there's less competition for sellers. Limited choices for buyers often result in obtaining the best price from a buyer in the best position.

4. Summer Fun in Your New Home: While others are grappling with the summer chaos of moving, you can relax and enjoy the warm months in your new home. Consider yourself the perfect host for this year's summer BBQs!

If the idea of a January move sounds like something you might want to consider, then the team at Sawdye & Harris is here to lend a helping hand. With over 175 years of experience in selling homes in this area, we have the expertise to secure the best price for your home in the New Year!

Are you seeking expert advice on presenting your home for sale? Need guidance on decluttering and decorating? Eager to get a head start and launch your home to the market before the Spring rush?

Reach out to us at katie@sawdyeandharris.co.uk with the subject line 'New Year New Home,' and we'll be in touch to guide you through this exciting journey.

Cheers to a new chapter in 2024!

08Dec

As we head into the festive season, sprinkle some extra magic in your home this year with these key Christmas trends for 2023.

 

1. Bring the outside in

 

Wreaths are an essential on any festive front door but this year, why not bring the Christmas spirit inside by using a wreath for your Christmas table centrepiece too? You can opt for a traditional wreath but if you prefer a glam look, choose a bauble wreath for a pop of colour to brighten up your Christmas table. Fill the inside of the wreath with large baubles for maximum effect or candles for atmosphere.