Keep up to date with the latest McCartneys news
Fri 22 June 2018
As the second May Bank Holiday has been and gone there is a noticeable increase in viewing and offer activity. The diaries have been extremely busy which is great as the stock levels have been so very low for the last 18 months. It is good to see the stock levels increasing.
Buyers are still having to be swift to view and offer though as properties in certain brackets remain selling quickly and frustratingly for applicants viewings are being cancelled due to properties selling prior.
Once a sale has been agreed the key is ensuring a smooth transaction from sale to completion. This is such an essential part of the process where it is imperative to monitor the transaction closely. The average time currently, dependent upon buying position, is 8-10, 10-12 weeks, from the point of agreeing the sale to completion. At Phipps & Pritchard with McCartneys we highlight the importance Post Sale and have a dedicated Sales progression negotiator as your sole point of contact to guide you through the process.
In an announcement from NFOPP (National Federaton of Property Professionals) the Government are looking at measures to make the home buying system easier, faster and more transparent.
Measures to include:
• setting a timeline for local authority searches so buyers get the information they need within 10 days
• requiring managing agents and freeholders to provide up-to-date lease information for a set fee and to an agreed timetable which will end the current situation where leaseholders are at the mercy of freeholders and their agents
Zoe Herbert DipREA FNAEA
Kidderminster Office – 01562 822244