When looking at the portals and estate agency websites, you might wonder: where are all the good-quality country houses for sale across the country? The answer is, a large proportion are purchased off-market.
The older generation typically live in the best houses, having owned them for approximately 20-30 years. However, sellers also need to find another house to buy (the big conundrum) – which most of the time is stressful and hugely disruptive. As such, sellers often become hesitant and don’t do it – which creates a bottleneck in the market.
I believe if all those who were thinking about selling contacted a buying agent as well as an estate agent, this could help release an enormous amount of housing stock. The majority of homeowners do not realise the benefits of speaking with a local buying agent, but there are many … Good buying agents not only have a black book of potential buyers looking for country houses, but these purchasers are also cash-ready and flexible.
Many of our buyers are now agreeing to a delayed completion to give sellers time to find something else. Several years ago, this was the standard 28 days, but now a date can be arranged for as long as a few years away. We also bring serious buyers to the table, and quickly. These clients are heavily vetted to ensure they are proceedable, reducing the risk of them pulling out of the deal.
Having the time to find something else, combined with the assurance that their home has already sold, puts a seller in a good position to make a stress-free onward purchase.
Additionally, if a seller wants to move locally, then a buying agent can also find them another great house far more quickly than if they were to rely only on what’s for sale on the open market. Most of the best homes are being sold off-market, which means it’s our clients who get a heads up on them first.
Of course, should a homeowner decide to contact me, I will always recommend getting the house valued via an estate agent, as we represent the buyer and not a seller. Also, an estate agent would help them negotiate the sale and oversee it through to exchange and completion.
Property Acquisitions have secured many purchases arising from local homeowners asking if we have a buyer for them. For more information about how we can help find you a buyer as well as another house, contact Jennie Hancock at jh@propertyacquisitions.co.uk .