With buyers increasingly in control it is a very different market to what it was, even at the start of 2022.
According to PropTrack research, June’s new listing numbers were at an 11-year high – and more homes hit the market in the first half of 2022 than had done so since 2015.For most buyers, they will not have to be as fast to make an offer as in the past few years. Ms Smiles also advised buyers to attend auctions for a better idea on what properties were selling for in their desired area, in addition to keeping an eye on private sales.However, Ms Creagh cautioned against only watching the auction market, as many sellers would turn to other options, such as private treaty, as buyers gained more control.
Property Home Base founder and flat fee buyer’s agent Julie DeBondt-Barker said buyers might have better success taking a home off the market before a planned auction in a falling market, but needed to make an offer on a contract of sale to do so.
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