Hello and welcome to this weeks Solihull Property Market update. I don’t know where the week has gone as I sit here on Saturday morning gathering my thoughts and putting pen to paper. What I am pleased to report is that the property market remains active, there has been strong activity across the board - Peter has summed this up incredibly well in his write-up below, so I shan’t take that into any further detail.
I met with a handful of people this week to discuss business in general, and it is always interesting, what you think and how others perceive. I am always introduced as ‘Dominic the estate agent’ and I have always sort of gone along with it, but it has made me think a little. Why is it that we are often pigeon holed as a company, as ‘estate agents’? - is it becuase estate agents sell houses and that’s all that we did for the fist 6 years of business (I think that goes along way, as to why) but I thought it worth mentioning that we do much more than sell houses here at DM & Co. there are multiple departments within the business that cover everything from property sales, lettings, property management, premium house sales & lettings and land & new homes across Solihull, Shirley, Knowle, Dorridge and the surrounding areas. We are starting to see some excellent deals being put together between departments and it has been a joy to watch over the last 6 months seeing teams gel and benefit from working so closely together.
This week saw DM & Co. sponsor The Solihull Sporting Society event on Thursday that was held at the St Johns Hotel in Solihull. The event was a great success, raising money for Macmillan Cancer Support and bringing lots of local businesses and residents together for a cracking night. Gabrielle was the star of the show, promoting The Landlord Club to the 300+ guests in attendance. We had the pleasure of hosting guests from Jerroms, Solihull Moors, MotorServ UK, BIG Property Finance, Solihull Media Group and MNB Precision Engineering. The main act was none other than Paul Merson, ex-Villa and England legend! It was wonderful sat listening to his journey in football, he was incredibly open and honest about the highs and lows throughout his career and the stories he had to tell certainly were entertaining. If ever you’d like to be involved in events that we host or attend, please do let me know.
The weekend ahead, whilst it looks set to be a wet one - the diaries are full, lots of viewings and valuations that will continue to generate further business are taking place.
If you are interested, or would like to know more about how we operate - please do feel free to get in touch. Such is the level of transparency that we operate here at DM & Co. my mobile number is available, feel free to drop me line, WhatsApp or SMS.
Right, that’s enough from me…this week we are going to start with Peter!
“Hello and thank you for taking the time to read my weekly update. Well as we approach the mid point of the year, and following this week's announcement of a further interest rate rise, has there been a slow down in the demand for homes in B90/91/92 - not likely!! We in Solihull have seen a bumper week of sales agreed, thanks to a combination of motivated sellers and buyers, correctly priced stock, and a good helping of sheer hard work, determination, and genuine, honest, professional advice from my team. As a self proclaimed Rightmove addict, a quick online scan through the B90 & B91 postcodes at midnight last night (yes, I live & breath it!) revealed in excess of 50 properties listed with various agents more than 6 months ago, still unsold !! A basic, yet unbelievable, statistic in a location as popular as this and a market as buoyant as this. If you are reading this and you are one of those vendors, please pick up the phone and call me or one of my colleagues on 01217750101, we are crying out to add you to our increasing list of happy clients and right the wrongs that you may have experienced. As ever (and I have seen it now for over 25 years) there are too many agents letting too many people down. The number of referrals, recommendations and repeat business we regularly receive speaks for itself. Do not let your estate agent fob you off with poor excuses, give us a try - you have nothing to lose and potentially a great deal to gain. We are not interested in over valuing or over promising simply to secure an instruction - we focus on traditional core values including honesty, sincerity & transparency and will continue to do so. We have a passion and work ethos that I genuinely believe is unrivalled - each and every one of us within the business has the same objective and goal - to provide clients, and indeed every single person that comes into contact with our Company, with the absolute highest levels of customer service. The housing market and demand in and around Solihull remains strong, for many reasons including the Highly rated schools, great transport links, fantastic retail and leisure facilities, not to mention the beautiful countryside on our doorstep. Whatever your local property requirement, get in touch and we will be only too happy to help. Have a great week and we hope to hear from you soon” - Peter Faithfull, Branch Manager - Solihull
“So, we are halfway through June, the sun is shining, and the office is buzzing with activity and excitement! The team have been busy selling properties (several before launching to the property portals), preparing our new properties for launch (Knowle, Dorridge, Bentley Heath, Hockley Heath & Tanworth-In-Arden), and helping those buyers still desperately searching for their new home. As well as a busy sales team, Gabrielle (Lettings), has had lots of new landlords and tenants walk in this week asking for advice, and with Chris (Land & New Homes) also on hand, the Dorridge office is a one stop shop! We have seen another hike in interest rates from the Bank Of England, and although this decision will impact those mortgage holders on a Standard Variable Rate or Tracker mortgage, those on a fixed deal will not be as concerned, although all are impacted by the continuing rise of the cost of living. Buyer demand is still strong locally, demonstrated by our continued success of selling pre-launch, but there is a tremor of uncertainty that this will continue throughout the rest of 2022. For us in Dorridge however, we continue to be busy, and encourage you to pop in, and we will offer honest advice and even an ice-pop!” - Lisa Smith, Branch Manager - Dorridge and Sales Director
“This week was all about The Landlord Club!! Dominic has dedicated his time to support this fabulous club of new & experienced investors & for that myself & lettings team are very grateful! DM & Co had the honour of sponsoring the Solihull Sporting Society event which was such a great evening on Thursday. The head was a little sore the next day but totally worth it after meeting some great new connections! A big thank you to Manmit & Megan in our fantastic media team that presents The Landlord Club with such style!! - If you are looking to improve your yield or build your portfolio, join The Landlord Club for free by clicking here!” - Gabrielle Argue, Head of Lettings
“What a week! - Three premium properties which were agreed last year finally exchanged, one completed and the the other two will complete next week. I mention this because we often go out to meet prospective sellers who say that they need to find before they put their house on the market. We explain that this doesn’t necessarily put them in the best position should that perfect home appear, as there are likely to others in a proceedable position (unless they can afford to buy without the need to sell!). The key to this is managing both buyer and seller expectations on timescales. In this case, these sales were agreed last October. If a buyer has fallen in love with your property and there is transparency from Day 1 and they understand the situation from the outset, we have seen on countless sales that they will wait. Sales progression is key, having that dedicated person supporting solicitors, agents in the chain is invaluable. Lynne Hardy is doing a fantastic job on our Premium properties and it’s that focused help that continues to set us apart and has elevated us to the top selling million pound agent in the area (B91, B92, B93, B93 & B94) - If this reflects your worries and you want to downsize or relocate closer to family, please do call me. I would love to pop out for a chat, talk through your options, explain todays processes and climate and help you make that next move.” - Kathy Griffiths, Head of Premium
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.
Kind regards,
Dominic Murphy - email me here or WhatsApp on 07595 903 811
Managing Director – DM & Co. Homes
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