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Latest Selling/Market News
Sales have continued to be much improved on last year, with Mundys’ sales in the last 2 months,for instance, being up 50%. In particular, we have sold a substantial amount of property under £150,000. The market conditions remain tough, especially for properties in the £250,000 plus bracket, but new Applicants are still on the up and homes coming on the market at the right asking price have a good chance of a quick sale. Prices are stable, although the most sought after homes have risen slightly.
It remains a very good time to move upmarket, provided the necessary finance is available. Mortgages are still not easy to arrange, but they are terrific value at current interest rates. It is easy to forget, but we have never had such low rates and at the moment they show no signs of rising.
Happy HIP time!!!
Our in-house HIP provision service has proved particularly popular since the change in the Regulations, meaning a home cannot be offered for sale until a HIP is finished. On average, Mundys’ HIPs have been completed in around 3/4 days, with some available in as little as one day.
This contrasts with packs from other sources which can take as long as 3 weeks. The Regulations do strictly state an Agent cannot offer a property to buyers until the pack is complete*, meaning delays can lead to a loss of a ready buyer.
*The Standard Searches (Local Authority and Water) and a copy of the Lease (if the property is Leasehold) can be added up to 28 days after the property is first placed on the market. All other documents such as the Index, Property Information Questionnaire, EPC, Sales Statement and evidence of Title must be in place before the property can be legally marketed in any way.
Selling News
The right asking price is still the key, many of our current buyers have the cash and will therefore be looking for competitive prices. There is a particularly good demand at the moment for properties in Uphill, Nettleham and other North Villages.
Click here to go to our Selling Webpage on our Website.
Mundys’ Village Video Guides
They will be particularly helpful to buyers from London and the South, indeed anyone in the Country thinking of a move to the Lincoln area. The videos include information about schooling, transport links, local amenities and community facilities. W e have noticed, via Google Analytics, that demand from London is strong as more people are attracted to the area.
A video guide of Lincoln itself will follow in July, with more villages to follow over the coming months.
Click here to view videos.
Mundys Charity Golf Day – Friday, 26th June 2009
It was another fantastic turnout at Blankney for the Mundys’ Annual Charity Golf Day in aid of the Lincolnshire and Nottinghamshire Air Ambulance. I will post later the total amount raised but all staff at Mundys would like to thank everyone who supported the event and preparations are already being made for next year’s event…. Watch this space!!!
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