Week 36 - The Solihull Property Market Update

We have seen a huge increase in buyers that have lodged their details with us this month - as I type this on the 10th, we have had a whopping 174 new buyers register across the business. There is a distinct lack of good quality stock coming to market, and we remain ‘light’ on property across the board. Three bed semis, four and five bedroom detached family homes are what we are looking for - please do get in touch if you would like to achieve best price in this market.

I continue to want to meet Landlords, whether you own one or many properties - Gabrielle and I would love to give you a free portfolio review. Those that we have carried out have been very positively received; in one instance an improved rental yield and purchase of an additional property! - Please fire me a WhatsApp - I am on 07595 903 811 and let’s get a coffee in the diary.

Right, enough from me, a roundup up from across the business starting with Lisa Smith my sales director and manager of the Dorridge office.

We said that it would be busier when the schools went back and everyone was back from holidays, and it has happened – the phones have been busy this week with people wanting to move! It is an interesting time to sell your home, with lots of speculation about house prices. One thing is for sure, and that is that the market is becoming more price sensitive, now is not the time to try it at 50k too much, not if you are motivated to move. If the price is too high, you will sit on the market for longer and will end up having to reduce and accept a lower offer. We have noticed over the last few weeks that some agents are valuing high and homeowners expectations are then skewed. I would advise you to do your own homework before inviting agents out.  What have properties on your road and within the area sold for in the last 12 months? Has the agent showed you comparable evidence to back up their pricing strategy? Is there a marketing plan?  It is not the time to just simply add to Rightmove, cross your fingers and hope the phone will ring. The agent you choose MUST be one you can build a relationship with, and you TRUST to negotiate the best price for your home. DO NOT be afraid to grill your agent – I love nothing more when a potential client has a clipboard and a list of questions. This tells me they mean business and are serious about selling, and most importantly they want to choose the best agent for them. If you would like to prepare some questions for me and invite me out, call the office on 01564 777 314 - Lisa Smith, Sales Director and Branch Manager at Dorridge

The Landlord Club has been extra vibrant this week when I dropped a couple of super exclusive opportunities only available to our dedicated members. I had one investor tell me that he was sick of calling agents & being told he would be the 30th person in line to view. I get it, it's frustrating, but it only demonstrates that the supply & demand is still out of balance. I love this idea of recycling investment properties within the landlord community (new & experienced) & this has only proved successful so far in The Landlord Club. Our lettings team are skilled in helping you find your new investment property with the support of our all rounded experienced sales teams. Meanwhile, Kate & Chiara have been moving in our new tenants in Coventry & Solihull! We are not your regular lettings team, we sell as well as rent & want to help you grow your portfolio, so join The Landlord Club today! - Gabrielle Argue, Head of Lettings

Welcome to the Solihull market update. Well schools are back and the summer holiday period comes to a close people can now focus on the practicalities. For many this will include the desire / wish / need to move house. This could be your first move, it could be your tenth move, maybe you want more space, maybe you realise in this age of the increasing cost of day to day living that you can happily make do with a smaller property. Perhaps you want to get on the buy to let ladder. Whichever category of buyer or seller you fall into we are here to assist you. You may be thinking that you wished you had done it months ago before interest rates had continued to rise, well hindsight is a great thing and no-one has a crystal ball but its not too late, there are still plenty of mortgage deals to be had - something else we can assist with. Don’t be in the same position in another year wishing you had done it now. Give us a call and we will happily provide you with as much no nonsense, professional, honest advice as you need to ensure  your plans proceed as smoothly as possible. And last but not least I cannot write this particular weekly blog without recognising the passing of our Dear Queen Elizabeth II; you were an amazing inspiration for so long to millions of people across the globe, rest in peace Ma'am, you will never be forgotten. - Peter Faithfull, Branch Manager at 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.

Kind regards,

Dominic Murphy - email me here or WhatsApp on 07595 903 811

Managing Director – DM & Co. Homes