Bucking the national property ‘downturn’

People often tell us we are bucking the trend because they see so many Hobbs Parker sold boards as they drive around the area.

The key for a seller is to offer their house at a realistic price. There is no scope for inflated guide prices at the moment - get it wrong and buyers will stay away.

It is true that we agreed 35 sales during October which we think are good results by anyone’s standards but I can tell you it doesn’t come easily and not without a lot of hard work.

The housing market is subdued and sellers are facing challenging market conditions but there is nonetheless market activity whatever the political or economic climate. We deal with buyers and sellers who want to buy and sell with many good reasons for doing so.

National statistics from the Office for National Statistics confirm that there are fewer people moving this year (around 10% less than in 2018) which means a smaller number of sellers but also a smaller number of buyers, this can actually create a favourable supply and demand dynamic. Money is cheap to borrow which is a strong driver and likely to maintain underlying demand. There are numerous mortgage options available from a diverse range of lenders which can facilitate buying power, the trick is for movers to do their homework.

The key for sellers is to try and offer their houses for sale at realistic prices, there is no scope for inflated guide prices at the moment so get it wrong and the result is that buyers stay away. This balance is hard and sometimes painful to find with many sellers reducing their asking prices more than once in search of the biting point, the figure at which demand is ignited.

Another important factor is the way that a house is marketed, what information is important and how is this promoted. It is not enough anymore to expect buyers to search through Estate Agents prose for the vital selling features, the agent needs to think long and hard about what is likely to attract buyers and then find a way to prioritise this visually. I spend a lot of time selecting professionally taken images and ensuring that the right choices are made.

House selling is not as easy as just finding a buyer, everything that needs to happen afterwards is almost more important, the test of a really good estate agent is the way that the transaction is managed day to day and the coordination of efforts to ensure that the sale is exchanged. The process can be stressful and the problems complex, experience is vital in these situations. My staff spend hundreds of man-hours on this side of the task and it is certainly where they win their accolades if all goes to plan.

Housing markets are full of ups and downs but one thing I have learnt after more than 30 years is that there is always a market and houses sell every day of the week despite our politicians best efforts to cock it all up!!

Alex Davies
5 November 2019

Avoid the hellish stress of moving house and learn a few trade secrets along the way...

I've written a series of valuable emails for you to help you sell your house quickly, at the best price and with the least stress.

These two are especially important:

  • "Here it is -- the most important advice I can give you" - About setting the right price for your house
  • "Why are house sellers not taking you seriously?" - What's best? Find a house to buy or sell your house first

And other estate agents won't thank us for this one!

"What's mine worth?" -- It's about much more than just the value of your house

Sign up below

Making the most of your property

Would you like us to send you a quick email when we publish our next article?

These will include tips and advice on how maximum your enjoyment and return on investement from you property.

Other Recent Articles

View all

Post Stamp Duty Holiday: What next for the property market?

When Rishi Sunak announced a temporary Stamp Duty holiday on July 8th 2020 to counter the effects of the Pandemic, homebuyers celebrated the chance to save on buying costs. Was he right to do it? […]

Find out more

Wye - Kent's Super Village

So what is it about the village of Wye that creates it’s extraordinary reputation? Unlike many villages in my part of Kent that are equally as pretty and have local facilities, it has a selection […]

Find out more

Millie Green - A Review of Ashford

The Kentish town of Ashford is known for many things: the International Station, the Designer Outlet and a plethora of secondary schools. These are all great assets to the town, but at Hobbs Parker we […]

Find out more

Stamp Duty Savings - are you buying a house with an Annexe?

“We sell many homes with accommodation that is separate to the principal home but very few buyers are aware of the Stamp Duty savings they may be entitled to.” Alex Davies

Find out more

Very small ski chalet for sale!

It's tempting to take snowing photos of your home when selling it. But is this a good idea?

Find out more

How many Ashfords are there in the UK?

Our website contains a database of all the villages, towns and cities in the UK. We combined this data with Google Maps to created this interactive map of all the Ashfords in the UK.  

Find out more

The 50 Most Popular Villages

Our website is very busy — every day up to 6,000 people visit our website. Many are researching the ideal location for their next home and spend some time reading about the towns and villages […]

Find out more

Tips to help you establish a great Wild Garden

If you’ve been watching TV nature and gardening programmes lately, you’ll have seen a lot of interest in wild gardens. There are many advantages to wild gardens: they cover the ground in a beautiful mix […]

Find out more

Five Predictions for the Local Property Market in 2021

2020 was a tumultuous year for Hobbs Parker with our estate agency business up by 25% breaking all previous records. Despite the gloomy start to 2021, with further lockdown measures introduced, I anticipate sustained activity […]

Find out more

Tips for buyers and sellers when dealing with properties from a bygone era

The first clue upon arrival is the general look of neglect. Tired net curtains hanging at the windows, peeling paintwork, stains from a leaking gutter, a rusty gate opening on to an entrance path overgrown […]

Find out more

The 'Race for Space' and house price inflation in 2020

Are rising house prices about more than just the normal supply and demand? With so much talk of the Covid crisis, it’s almost possible to forget about the numerous economic hurdles that affect house prices. […]

Find out more

Why Rishi cannot claim all the credit!

What a strange world we live in when sales of houses are going through the roof against a background of a global pandemic. Whilst the Stamp Duty holiday is welcome, this was happening before the […]

Find out more

Stamp Duty cut has immediate impact!

The temporary cut is with immediate effect and therefore reduces the cost of a property purchase straight away saving an average of £4,500 for residential property buyers providing they take advantage of it before the holiday comes […]

Find out more

Will Netflix and Amazon affect property prices in Ashford?

There has been talk of an Ashford metamorphosis for almost as long as I can remember. The opening of the ‘Missing Link’ of the M20 motorway between Ashford and Maidstone in 1991 would surely bring […]

Find out more

Might Estate Agents open first to help rebuild the economy?

A recommendation is reported to have been made in a report written for the Government by Conservative peer Lord Gadhia and Sir Jonathan Symonds, chairman of GlaxoSmithKline. Along with coffee shops and restaurants, Estate Agents […]

Find out more

Do virtual tours and viewings work?

While lockdown and movement restrictions mean that buyers are prevented from physically viewing homes for sale, evidence suggests that many buyers are spending more time on property websites and portals to pass the time and […]

Find out more

Post-Coronavirus property market predictions

Savills research team recently offered some interesting analysis of what a UK property market recovery could look like post-Coronavirus predicting transaction volumes could be down by up to 45% for 2020 with the greatest impact […]

Find out more

Bucking the national property 'downturn'

It is true that we agreed 35 sales during October which we think are good results by anyone’s standards but I can tell you it doesn’t come easily and not without a lot of hard […]

Find out more

Why 2019 is the right time to invest in Ashford

“If you have ever wished you’d invested somewhere that has regenerated, you will know that you are already too late.” These are the words of Alex Davies, Managing Director for Hobbs Parker Estate Agents, an […]

Find out more

How do you get the best price for your house?

How do you get the best price for your house? Answer: When you put your house on the market for the first time make sure it is at the correct market value — do not be tempted to ask for […]

Find out more

Historic Property Auction Particulars -- Mersham 1878

These have been hanging on the wall in our boardroom for as long as I can remember. I recently happened to ‘bump into’ two of the current owners of the cottages when I gave a […]

Find out more

Listed Buildings Advice

The market for period property is booming and the older the house or cottage, the more likely it is to be listed. By listing a property, it celebrates a building’s special architectural and historic features […]

Find out more

Will your second home also be your pension?

Recent research suggests that the level of income people aspire to retire on each year has increased from £35,000 to £42,000 yet this would require a pension pot of more than £1 million. Evidence shows […]

Find out more

Will solar panels increase the value of my home?

As the weather gets colder and darker, and the heating and lights stay on longer, there’s one thing I can predict with even more certainty than the Queen’s Speech broadcasting on Christmas Day. The arrival […]

Find out more

Why do kitchens sell houses?

The party is in the kitchen! When we have a party at our house my wife and I spend hours making our living room look nice and then most of the evening trying to get […]

Find out more