Katie Darlow, Director of Number One Real Estate and a member of the Guild of Property Professionals and Relocation Agent Network will be bringing you updates on sales in South Wales and tips on making some great investments this year. 

It’s the start of a new school year and one of the most popular times to move. Everyone’s first question is, ‘how is the property market? Is it a good time to sell or should we wait?’

The honest answer is that it’s different. The market has definitely changed, and we are not seeing the crazy battles that were occurring in the summer of 22’ with best price deadlines on all sales. However, there’s plenty of strong sales being achieved and if you’re selling and buying in the same market, it’s all relative, so why wait if the right home is there for you?

How do we navigate this market? The key is correct pricing and not being afraid to ask what you’re looking to achieve rather than over-inflating the price. Often, being more realistic with your asking or guide price will achieve a higher price and a better end result with your walk away figure. More buyers through the door and competition will still get you the best result rather than trying for ‘£10,000 or £20,000’ more with the view of taking an offer.

Marketing is key, listing a property without a floorplan and a video tour doesn’t quite cut it in today’s competitive market and without these added tools showing off your listing, you can’t be sure you’re reaching all buyers and ultimately getting the best price for your home. We use an array of tools to showcase homes including social media, digital and print marketing along with having a national network to help reach buyers further afield.

House prices in Wales have increased by 0.6% year on year according to the latest Government House Price Index issued in June with Cardiff having increased by 3.8%, Newport by 4.1% and Bridgend by 3.5% which is probably a surprise to most buyers.

I expect these figures will be slightly lower when the next Index is issued from what we’re seeing on the ground and often it’s buyers’ sentiment on the market caused by negative media that is resulting in slightly lower offers being received.

If you’d like an up-to-date valuation on your home or a general chat about the market please get in touch for a free appointment on 01633 492777 or email sales@numberonerealestate.co.uk