Hello everybody, this week has flown by and I can’t believe it’s Saturday morning already!
An eventful week at DM & Co. with plenty of action across the board. There has been a real push from within to drive the lettings side of the business resulting in a handful of new landlords opting to move their properties from their existing managing agents across to Gabrielle and her fantastic team here at DM & Co. - Gabrielle specialises in achieving the best yields in the field and the smiles on our landlords faces are testament to that.
If you’ve got a single buy to let property or a few…a meeting with Gabrielle should be in the diary (email her by clicking here).
I have had the pleasure of catching up on a friends development in Shirley, where there will be a mix of apartments coming to market that are absolutely spot on for the first time buyers and/or investors - Gabrielle is on the ball with this one and has a couple of landlords already lined up!
The Premium side of the business, managed and ran by Kathy Griffiths is absolutely flying - she is the No.1 agent in the area for property sales in excess of a million pounds! More and more clients are turning to DM & Co. having failed to sell with other ‘premium’ agents - the open, honest and transparent approach is a refreshing change, I’m told!
For me personally, I’ve been working on a couple of special instructions in the background that I hope to see Kathy launching over the next couple of weeks - a beautiful family home in Langley and a stunning property in Leamington Spa.
Stock levels remain low across the market, however I’m seeing more and more price reductions creeping in - for two reasons, firstly agents overvaluing (to win business) and secondly because there are no longer multiple buyers to every new instruction that are prepared to fight one another - still plenty of buyers, just a change in attitude - this is the shift from a sellers market to a buyers market.
The diaries look like they are packed to the rafters with viewings, the sun is shining - so please get out there and enjoy your weekend!
Right, that’s enough from me…over to my Sales Director, Lisa Smith
“After a long weekend away, I have come back to lots of valuation appointments this week, and we are preparing 8 new properties for marketing. Several of my valuations this week have been with homeowners who have been on the market previously with other agents. The common theme was an agent overpromising and under delivering. I do not understand this, when choosing your agent, you expect honesty and transparency, and I promise that is what you get from my team when you meet us. We will also not promise you that we can make sure you can buy a property we have on the market. However, we will be able to help you get into a strong position to not only offer on properties we are marketing, but also those with other agents. I would always recommend that you take advice from more than one agent, compare the service offered and go with your gut instinct. DO YOU TRUST THEM?! If you want to find out how we differ from the ‘market leaders’ call me in the Dorridge office on 01564 777314.” - Lisa Smith, Branch Manager - Dorridge and Sales Director
“This week all of my new instructed properties are accepting pets!! A very grey area for most landlords AND agents. Why will they accept them? Well, in our experience, properties are much harder to come across that will accept pets therefore a tenant that does have an animal are more than likely going to stay longer in a tenancy than the average renter. Of course, this will always be circumstantial however it has opened the eyes of a few & definitely something to bear in mind. Reports state that 44% of the tenant market have a pet therefore if you are one of those landlords that are strict against animals, you are pretty much halving your market before considering the long-term gain. Looking to expand your portfolio or just at the beginning of your investor journey? Join The Landlord Club today by clicking here!” - Gabrielle Argue, Lettings Manager
“Excited to announce that we are going to be launching two new schemes very soon in prime locations within Solihull town centre and Knowle! Within the next couple of weeks, a coming soon campaign will be launched for four brand new homes in Knowle with a rural feel and views over stunning countryside. Shortly after this, 32 apartments in Solihull town centre will launch offering investment and first time buyer opportunities. Keep an eye out for more information coming very very soon!” - Chris Evans, Land & New Homes Manager
“I absolutely love my job and the team that I have around me here at DM & Co. - sure, there are other agents that can sell in the million pound plus market, but what we have is very special and not the norm - Dominic has worked tirelessly to create a Premium brand that offers our clients more exposure and strong results time and time again. I have had a wonderful week meeting lots of buyers and hearing what they say about how we operate is what really keeps me smiling. If you are looking to sell your property, put it in the hands of DM & Co. Premium and you will have the most proactive approach from a passionate, results driven team of property professionals! This week we will be launching family homes in Langley, Meriden and Leamington Spa.” - Kathy Griffiths, Head of Premium
“We have witnessed another busy week of activity within the Solihull office, with even the recent interest rate rise seemingly not dampening the spirits of those motivated buyers and sellers out there. With 8 new properties coming to market this week with prices ranging from £195,000 right upto £785,000 we continue to bring supply to those buyers patiently waiting for their dream home. If you want an honest and professional appraisal of your property then call us ASAP. No charge , no obligation , no hard sell! For all those house hunters out there who haven't already registered your requirements with us please get in touch without delay and we will do all we can to smoothly facilitate your next move. On the sales front 5 more sales agreed proving that there remains strong demand out there. The market remains strong , sale prices remain high, give us a call and strike while the iron is hot!” - Peter Faithfull, Branch Manager - Solihull
Thank you for taking the time to read this weeks market update - if you would like to know about anything property related, we would love to hear from, and help you. If you’d like to book a valuation, that is really easily done - click here!
Let’s be honest - selling your home is never going to be easy, there will always be something that doesn’t quite go to plan - what is incredibly important is how your agent reacts to these instances.
If you would like to learn more about how we operate, please get in touch with the Solihull or Dorridge office on 0121 775 0101 or 01564 777 314 respectively.
We look forward to hearing from you.
Dominic Murphy - email me here or WhatsApp on 07595 903 811
Managing Director – DM & Co. Homes