As we kick off 2025, there is more stock to choose from compared to six months ago, but good quality village houses in West Sussex, Hampshire and the Surrey borders are still incredibly scarce.
Owners who might consider downsizing are doing the sums and with stamp duty so high, many are making the decision to stay put, so when one does come up for sale – on or off market – buyer competition is strong and professional representation is essential.
These are the key considerations for buyers making their move this year.
Prioritise location
The area you choose will have a lasting impact on the quality of life and the resale value of your home. Consider factors like traffic patterns, proximity to schools, shops, and public transport, and potential nuisances like farms or busy roads. Living next to a pig farm could lead to unpleasant odours during summer, while a property on a busy main road may disrupt your peace with constant commuter traffic.
Panic buying in the wrong location often leads to costly mistakes, with buyers needing to sell again within a few years – not something anyone wants to do with buying costs currently so high. Take the time to evaluate the area thoroughly, as hasty decisions can lead to overpaying or settling for a home that doesn’t meet your needs.
Do multiple viewings
It is so important to view your prospective house more than once. A single viewing is not enough to make an informed decision. Visit the property at different times of day to assess traffic noise, lighting, and overall suitability. A house that seems perfect during the day might reveal issues like commuter traffic or insufficient natural light in the evenings. If you enjoy spending time outdoors, ensure the garden receives adequate sunlight during the hours you’d typically use it.
Multiple viewings help minimise the risk of buyer’s remorse.
Research the property thoroughly
Whether working with a buying agent or going it alone, thorough research is vital. Frequent ownership changes could indicate underlying problems, such as noise issues, unpleasant neighbours, or structural concerns. Assess running costs, such as utilities and maintenance, and verify the availability of essential amenities like schools and shops.
Commuters should check the distance to the nearest station, and families should consider school catchment areas. Knowledge is power when making a significant investment.
Rent if needed in the interim
When you are ready to find your dream house, it may be necessary to consider renting for a short period. This allows time to wait for better opportunities, as spring often brings more properties to market when gardens are in full bloom. Renting can help you avoid overpaying or settling for a less-than-ideal home. Many desirable properties are sold off-market, so a buying agent can be instrumental in accessing these hidden gems.
Offer a delayed completion
Buyers and sellers alike often face challenges finding their next home, so offering a delayed completion can make your bid to purchase more appealing. This approach gives sellers the assurance of a secure exchange while allowing them time to find a new property. For buyers, it provides time to plan renovations, finalise financing or put planning permissions in place. A flexible timeline is especially beneficial for overseas buyers or those awaiting the sale of their current home.
Manage emotions
Falling in love with a home only to discover it’s over budget can be disheartening, but staying level-headed will serve you well. Remember, property is a long-term investment. Focus on finding a home that meets your current and future needs rather than letting emotions drive your decisions.
By following these strategies and seeking professional advice, you can navigate the complexities of the 2025 housing market with confidence. The right approach will help you secure a home that’s not only a sound investment but also a place you’ll love for years to come.