More Buyers Are Looking For Chain-Free Properties

If you are looking to sell your home, it makes perfect sense to know what buyers are looking for. When you are aware of what matters to buyers, and you can tailor your service to better meet these needs, you will find it becomes easier to connect with these buyers, and to ultimately sell your home.

This is something that matters to us at Williams of Petersfield. A lot of our work is based on bringing buyers and vendors together, and our knowledge of the local market in and around Petersfield is crucial to this.

There is a lot of activity in the housing market today

We also stay in touch with the latest findings from studies across the country. There is considerable interest in the property market right now, and we know people are looking for information, guidance and support.

One of the things that buyers are looking for is a chain-free property deal. If you are involved with a property chain, there is a chance of the deal collapsing even when you do nothing wrong. With this in mind, you can see why buyers are looking for this sort of deal.

We’ve also seen examples of homeowners renting property during the sales process. This creates a break in the process, which helps them to minimise their exposure to a collapsed property deal.

What do you want to do in the market?

This isn’t recommended for everyone, but it is something that some homeowners feel is right for them. We are more than happy to help you connect with buyers in the market.

Some highlights of the findings from YesHomebuyers include:

  • 56% of all chain-free properties have been bought by buyers
  • This represents a considerable increase in the couple of months
  • When comparing demand for chain-free transactions between March and June, demand has risen by 6%
  • In some parts of the country, such as Cambridge, demand for chain-free property has risen by 10% since March
  • Understandably, stock of chain-free property has fallen in 17 of 26 major cities

Matthew Cooper, Founder & Managing Director of Yes Homebuyers, commented: “Many homebuyers have now accepted the fact that a stamp duty holiday saving is no longer on the cards, but that they will have to contend with the long market delays that have materialised as a result of the initiative. In this respect, a chain-free purchase will, at least, provide some hope of reducing the transaction timeline, and so it comes as no surprise that their popularity has increased substantially in many major UK cities.”

Matthew concluded by saying; “Of course, the downside to this high demand is that chain-free stock levels have dropped across the majority of cities in recent months, although some do present a far better chance of finding one than others.”

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

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