The countdown begins. As estate agents, we’re hopeful for this market activity to long continue and, to some extent, we’re confident the strong movement will provide momentum within the market long after the stamp duty holiday expires, but the one aspect that is certain is that the amplified number of buyers, fuelled by the stamp duty holiday will, at best, return back to normal and the pace of sales, paired with the possibility of buyers paying full asking price, or above, will become less energetic.
What does this mean for sellers in the current market? It means the likelihood of a buyer firing quickly with their best offer perhaps has an expiry date, a date which is actually approaching faster than you may think.
While the stamp duty holiday comes to an end at the end of the financial year, the reality of completing by that date means, with the increased number of sales being handled by conveyancers, you realistically have to have a proceedable buyer for your property this side of the New Year to be in with a chance of benefitting from it.
Now, more than ever, a proactive marketing approach is imperative.