We are delighted to announce completion this month for our clients in the wonderful village of Chiddingfold.

Their priority was to settle in this beautiful part of the world. This fabulous country house, which is constructed in the style of a medieval Sussex Hall House, is set in an unrivalled position with magnificent views over a 35-acre lake towards Blackdown.

Whilst this specific area is notorious for having a lack of good quality housing stock with land, we were able to source this unique home for our client through our network.

Our thanks go to David Carter at The House Partnership for introducing us to this amazing property.

There are many joys of living in a village offering, beauty, peace, clean air, simplicity, charm, natural surroundings and close local communities to name a few. Having access to stunning surroundings and beautiful walks around fields, woodlands and rivers is a completely different experience to living in a city or busy town.

Many generations choose this way of life over urban lifestyles, seeking a more relaxed and gentle pace that makes life far more enjoyable. 2023 was the busiest year we have had with property buyers looking for just this, with over 60% of clients now from out of the area, most of whom are choosing villages over towns.

There are many well-known villages in and around Chichester to choose from, but there are also some hidden gems where you literally step back in time. If you’re the type of home-owner keen to explore off the beaten track villages, yet still be close to daily necessities, excellent schools and a variety of activities, you may wish to consider these rural wonders…

West Stoke 

Ideal for those who love their watersports as well as their country walks and cycling, this is a highly regarded South Downs village very close to the waters of Chichester Harbour, Bosham and the Witterings, as well as Goodwood, Kingley Vale Nature Reserve and the South Downs. There’s also a village hall and Wellies Tea Rooms which serves lovely lunches, coffees and teas. For such a small village, it has a lot going for it!

East Dean

A lovely sleepy village part of the Upper Lavant Valley, offering a traditional village pond setting with fabulous walks on its doorstep. There’s also a very good pub called the Star and Garter. If you pop across to the next village in Charlton, there’s another called The Fox Goes Free.

Chilgrove

Gin and vodka lovers will know this picturesque village is home to Chilgrove Spirits, which is not only sold in local shops but also the likes of Harrods, Fortnum & Mason and Majestics. Most people don’t actually realise Chilgrove is where it is, as it’s quite hidden to passers-by, but located at the foot of the South Downs, there are some super walking trails that take you up to Kingley Vale Nature Reserve or the South Downs Way. There’s also a superb 18thCentury inn, The White Horse, that’s definitely worth a visit for lunch in between your property viewings.

The Mardens

Another village you may miss on your travels if you didn’t know it was there, is North Marden. In the heart of the South Downs National Park, it boasts a stunning 12th century church with farms and cottages scattered around commanding far reaching views. It’s very much one for those who are looking for a ‘sleepy’ tiny village. There aren’t any shops or a pub, but Chichester is just 7.5 miles away whilst the surrounding villages have some exceptional pubs and shops to enjoy. There are plenty of bridle and foot paths in North Marden however, with easy access to local golf courses, the coast and good schools too. There is also East and West Marden offering a similar slow pace of life.

Church Norton and Sidlesham 

Houses rarely come up for sale in Church Norton as there aren’t many, but its fabulous beach, walking routes and church make it one of my favourite hidden villages. This attractive hamlet sits on the edge of Pagham Harbour Nature Reserve, with nearby Selsey providing all the local shops and facilities you need. Sidlesham is a large parish which boasts a great pub (Crab & Lobster), church and a primary school. There are wonderful walks, views and also sitting on the edge of the nature reserve, it’s really popular with bird watchers.

Venturing out between Midhurst and Petworth, you will find some more truly stunning English villages. Still within the South Downs National Park, these in particular have proved more popular with my clients over the last twelve months than they have in fifteen years! 

Graffham

Graffham offers plenty of walks, cycling routes, two pubs (I highly recommend the White Horse Graffham), a church, recreational ground, an outstanding Ofsted rated primary school, and one of the best village shops around that stores everything you could possibly wish for.

  

Lurgashall

This is a very pretty English village setting centred around a traditional village green where you will find the ever popular Noah’s Ark Inn located. There’s also a village shop and post office with a wide range of shops nearby in Midhurst or Petworth.

 

There really are so many lovely hidden village gems in this part of West Sussex, with other favourites of mine including Heyshott, Selham, Slindon, Lickfold, Boxgrove, Treyford, East Harting.  

For any questions about finding your dream village home in any of these locations, please do get in touch with myself, Jennie Hancock, via e-mail @ jh@propertyacquisitions.co.uk 

I read and hear about stories of frustrated country house buyers all the time, who either can’t find a home they desire, are being continuously outbid on the little stock that is available, regret the location they have moved to or have paid too high a purchase price. Buying agents have never been so busy as a result, as savvy purchasers realise that in today’s current market, they stand a far better chance of securing their dream house in the West Sussex countryside or on the coast at a fraction of the cost, with somebody who is actually on their side.

So what is a buying agent and why are we proving so valuable in today’s property market?

A buying agent is a property expert who acts on behalf of the purchaser to find them a new home and to buy it. Anybody who is looking via an estate agent won’t be offered quite the same opportunities and advice because of course, the company is acting on behalf of the seller and not the buyer. Whereas a buying agent’s job is to actively find a house that matches their clients’ requirements, before negotiating the price and terms on their behalf. They also provide valuable advice to ensure purchasers are buying the right property in the right location for the right price, and to put them in the best possible buying position to maximise their chances of appealing to a seller.

People use buying agents for all sorts of reasons. Perhaps they don’t have the time, are relocating and are not familiar with the location or they have just had enough of the intense buyer competition on the open market. Whatever the reason, there are plenty of benefits:

Access to off market homes

It is no secret that demand far outweighs supply at the moment, which is making it very hard for people to find the dream country house they want in West Sussex. However, there are actually properties for sale, it’s just that they’re not seen online or in an estate agent’s window display – they’re selling ‘off market’ or ‘quietly’ as it’s also known as. The joy of a buying agent is that a good one will have great connections with local estate agents, combined with their own insight into local village life, and will know what is coming up for sale – often weeks in advance of the general public being made aware. A buying agent’s clients tend to therefore be the ones who get first dibs on these houses, offering a much better chance of finding something with less competition.

Stop you overpaying 

A good buying agent will provide advice on what is the best offer to present based on the seller’s situation, the condition of the house, the location etc. They will have done all of the homework for you already so that they know the seller’s reason for sale, and whether there will be any unexpected costs in terms of repairs or renovations that may need doing. This ensures you don’t overpay as tempting as it may be.

Positioning you as the best buyer

It’s not always about offering the highest price for sellers. Depending on their situation, they may want to leave as soon as possible, so somebody who can move the fastest tends to hold most appeal. A good buying agent will only work with a purchaser who is ready to financially proceed, so this puts them in good stead in the eyes of the seller in this situation immediately. More often than not, these are cash buyers. I’ve also worked on deals where the sellers have lived in a house for many many years with their children, and want to find a buyer who has a young family themselves who wish to bring them up at the property like they did. With sellers struggling to find a home themselves to purchase, some are looking for buyers who are prepared to agree to a delayed completion to allow them more time to find something. It’s all about ‘selling’ the buyer into the seller and knowing what sort of price they will accept, and this can only truly happen by knowing exactly what the vendor’s story is.

Saving time

Buying agents can save purchasers a lot of time and stress from searching for a property, especially if you are not familiar with the location. They’ll do all the research, find houses you are actually looking for and will conduct viewings first, before short listing what they feel are the best ones for you to view yourself. This saves a lot of time wastage on finding something and on viewings, where properties don’t end up being what they appear to be on paper.

Honesty

If there are any negatives or concerns for a property, price or the location, a buying agent will tell you. If the house is next door to a pig farm, it’s probably not going to smell very nice. If the main road on the door step is notoriously noisy, you’re probably going to regret living there. If the price is too high or offers are going in way over guide, it’s probably best to walk away. This level of honesty and advice provides a safety net of getting the location right, not having any unexpected costs further down the line such as expensive repairs, and not over paying.

For more advice about purchasing a home in West Sussex, contact Jennie Hancock , on +44 (0)7776452128 or jh@propertyacquisitions.co.uk. 

 

We are delighted to announce exchange of contracts for our clients in this wonderful village of Graffham in the heart of the South Downs National Park. Our clients approached us after we were recommended by a colleague. Relocating from Europe they were looking for support whist initially not in the UK.
Their priority was to be in a village in the South Downs National Park,  so we first secured a rental home in autumn 2023 whist we then concentrated on the main house purchase. Whilst this specific village is notorious for having a significant lack of housing stock, we were able to source a home through our network which had not yet been on the open market. With our local reputation and our clients position they were able to view ahead of the vendor considering marketing therefore preventing any competition.
Our clients are delighted with their purchased property and are already enjoying village life to the full.
Our thanks go to The Country House Company for introducing the rental and Jackson Stops in Midhurst on the purchase.

Single Storey Residence is such a great description for a bungalow. This was drummed into me by my then boss Richard in my early days of property transactions when bungalows back then were far less sought after and to avoid the misdiiscriptions act of 1991 it was a very acceptable factually correct terminology.

As we bid farewell to 2023 and enter into 2024 single storey properties are becoming increasingly popular with premiums specifically in our area of West Sussex.  The high demand is driven by the asset value of high-end bungalows, especially as our population ages and seeks the convenience of single-storey living.   Village living we have found has attracted many downsizing with the attraction of village pubs, stores and a community and living on one level can have many widespread reasons and not necessarily just for the older generation.

In recent decades many have been knocked down or replaced in larger plots, but many buyers recognise their unique potential as a bungalow as it’s known to most of us can suit contemporary design trends and open- plan, high ceilings rather than extending vertically.

This flexibility appeals to clients for various reasons, and architects can create forward-thinking eco friendly designs to modernise these bungalows discreetly.

As buying agents, we’ve observed this trend throughout 2023, and we anticipate it gaining even more traction in the next decade.

By Jennie Hancock – Founder & Director at Property Acquisitions. 

Having operated a buying agency business for two decades, downsizers in West Sussex have consistently been a part of our client base. Given our location in the picturesque villages around Midhurst, Petworth, and Chichester, it’s no surprise. These areas offer an idyllic lifestyle and charming homes, perfect for those seeking a slower pace of life.

Traditionally, downsizers would opt for a smaller home after their children have flown the nest. However, a notable shift has occurred, with more downsizers now exploring the concept of “sidestepping.” Instead of simply downsizing in terms of square footage, these individuals are in search of a property of similar size, achieved by purchasing something more affordable and extending it or trading in features they no longer require for more practical ones. This emerging trend is intriguing, and there are compelling reasons behind it.

One driving factor is reducing the overall cost of moving. The number of large family homes available for sale, owned by these empty nesters, has decreased in recent years, primarily due to the increased costs associated with downsizing, such as stamp duty, solicitor fees, and general moving expenses. However, savvy buyers have realised they can still enjoy a similar-sized property and a great lifestyle by purchasing a property that needs some work at a significantly lower price. They can then extend and adapt it to their liking. This approach results in substantial savings on stamp duty, a benefit that sets sidestepping apart from traditional downsizing.

For homeowners selling sought-after, spacious family houses, whether locally or in London, they often attract serious buyers quickly and secure a good price for their property. This allows them to use the surplus funds to purchase a more affordable home in a desirable location, where they can renovate and personalise it. This may involve modern extensions, adding an annexe, or upgrading kitchens, bathrooms, and en-suites. While financial considerations are still relevant, this approach enables downsizers to afford both the village lifestyle and the house they truly desire without compromising too much on size.

An added benefit of sidestepping is the potential to eliminate their mortgage entirely or significantly reduce it. While many of our clients are either cash buyers or have relatively small mortgages, they may have carried substantial mortgages in the past. Once their renovation project is complete, they can enjoy an attractive, well-sized home without the burden of hefty monthly mortgage payments.

Another example of sidestepping involves buyers swapping properties of similar size and price, but with changes in the features of the house. For instance, they may currently own a 2,000 sq ft house with three acres, including a pool and tennis court, however with their children no longer using these facilities, they opt for a 2,500 sq ft house set half an acre, which is more cost-effective to maintain once updated to modern standards. They might even include an annexe in the garden for a relative to move into. Alternatively, they may prefer to trade these amenities for higher quality kitchens, bathrooms and interiors. While the price levels may remain similar, these buyers seek to replace amenities they no longer need or consider less important.

For more information about how Property Acquisitions can help you downsize in West Sussex, contact Jennie Hancock at info@propertyacquisitions.co.uk

‘Do you think I can secure the house under the asking price, and how low can I go?’ are two of the most popular questions we are asked as a buying agent. During the market frenzy of Covid, securing a home for under the asking price was pretty much an impossible task. This was especially true for the good quality houses in the sought after locations, as the race for space meant demand far outweighed supply. However, with mortgage rates rising since the Mini Budget last Autumn, the tide has most definitely turned now, putting the balance of power in favour of buyers and haggling on price a little more possible.

What we’re seeing at the moment is that the difference between buyer and seller expectations has been steadily growing throughout this year. There is a price correction between the property market peak of 2021 and now. Many sellers believe they’re still in the market of 2022, whilst buyers are thinking more 2020/21, mainly fuelled by the pressures of increased mortgage rates and general cost of living. Purchasers are definitely more wary now as a result, and if they feel anything is wrong with the location or house itself, they want to haggle on price.

According to Hamptons, one of the UK’s largest estate agents, 54% of homes across England & Wales sold below their asking price in July, up from 47% in June and 34% in July last year. Price reductions have also reached their highest level in at least nine years, with buyers achieving a 4.5% discount average last month. We are seeing similar trends, as sellers realise that if they want to sell quickly, they need to be realistic about what is happening in the current market.

Currently, we are securing properties for buyers at guide price or slightly under, which wouldn’t have happened even a year ago. This is because demand in and around the waterside and rural villages of Chichester, Midhurst and Petworth is still as strong as it has been, whilst good quality houses are scarce.

So how can you maximise your chances of having a lower offer accepted?

It’s important to remember that a house is only worth what somebody is prepared to pay for it. Just because it’s been set at a particular asking price does not mean that that is the correct value. There are a number of factors to consider when making an offer, which takes into consideration things like the seller’s circumstances, location and if there are major works that need doing. With this knowledge, buyers can then make an offer – whether at guide or below it. Go too low however, and you risk losing out entirely, which is where the benefit of having a buying agent on side plays a vital role.

Our tips include putting the offer in its best light and explaining the circumstances. If you are a cash buyer for example, you are in a very good position in the current market. Vendors, particularly those who need to sell quickly, are choosing the buyer who has the ability to purchase over who is offering the highest price. This is because with funds ready in the bank, cash buyers can move forwards quickly and there is less risk of the sale falling through. Another good factor to include is if you are happy to be flexible on a completion date. Exchange can happen as soon as you can, but a long completion date can give a seller more time to find something else. This also then makes them a proceedable buyer, putting them in good stead for their onward purchase.

For more information about how Property Acquisitions can help you find your next home in West Sussex, contact Jennie Hancock at info@propertyacquisitions.co.uk.

We had the pleasure of being featured in The Times day in a property piece about the benefits of being a cash buyer in the current market, quoting our Founder Jennie Hancock.

As a buyer, cash is king right now. Over the last few months, the local housing market has turned from being price led to the ability to purchase, highlighting the importance of being a cash buyer when looking for a prime country house in West Sussex. Multiple estate agents are calling us far more frequently for access to our clients as a result, because as a buying agent, we only work with those who are proceedable. Their vendors are nervous about selling to somebody who is relying on a mortgage, where the risk of a sales transaction falling through or being delayed due to possible hiccups such as down valuing or failing a ‘stress test’ is much higher. Whereas cash buyers are chain free, have the funds ready in the bank and can act quickly, which minimises the risk and worry of them pulling out of a sale substantially. Stress levels are also reduced for both parties as the sale is pretty much guaranteed to progress without much delay, and with minimal risk of falling through. If somebody is buying in cash, this also helps shorten the process. Recognising the advantages, many of our clients who initially had relatively small mortgages have reduced their budgets since interest rates rose, so that they can solely be a cash buyer.

For example, we have recently secured a property for a client less than the guide price because they were complete cash and could offer security and flexibility, enabling the vendors to secure their onward purchase. We have also recently secured a family home in the Chichester area off market where our lower offer was accepted because our client was a good proceedable buyer and the owner didn’t want to put the house on the open market.

Recognising the advantages, many of our buyers who initially had relatively small mortgages have reduced their budgets since interest rates rose, so that they can solely be a cash buyer in the current market.

Read the full article here.  (paywall)

Property Acquisitions was quoted in The Spectator today, discussing what’s in and what’s out in the world of property. We mention annexes as a key property trend for 2023. Buyers that didn’t need an annexe before are considering them when house-hunting as they can be used as a back-up income stream. Rental income can cover increased interest rates. As an added bonus, the buyer can also get multiple dwellings relief from the stamp duty.

Read the full piece here where veg patches, wild lakes and flower meadows are very much on trend right now, whilst swimming pools, fixer uppers and sofas are on their way out…

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