Why realism is the watchword for buyers and sellers this summer

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There seem to be few adjectives which have not been used over the last 12 to18 months to describethe state of the housing market.Lively was an understatement during the post Covid stamp duty holiday. Subdued soon came to the fore following the Truss government’s infamous budget.

Hopeful seemed to be the sentiment at the start of 2024 but maybe tempered is the best word to describe the year so far given current events on the world stage and interest rates not reducing at the pace many predicted. It’s now high summer , gardens are in full leaf, blue sky and sunshine have finally arrived to show Yorkshire at its very best and it’s the prime time for selling. As such it is logical, and almost expected, that a raft of positive adjectives can define this time of year.

So don’t be surprised if an owner politely says no to your early enthusiasm and reduced offer, if they have only been on the market for two weeks. You are unlikely to be the only interested party even though your competing prospective buyers may be in a chain of associated sales. If you have decided to offer your home for sale, it is of course your prerogative to decide the asking price, however robust this might be.

 

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