Over the last six months, the Rugeley Property Market has been flourishing. As soon as an estate agents “For Sale” flag went up, neighbours would be checking out Rightmove to see the internal pictures and compare the asking price to their own home ( go on ... admit you do that too – every Rugeley homeowner does ). Flabbergasted by optimistic asking price tags, those same Rugeley homeowners stand open-mouthed to see a sold slip added to the board a few weeks later.
With most Rugeley families home schooling their children in lockdown and the forthcoming Stamp Duty Holiday deadline on the 31 st March 2021, less Rugeley properties have been coming onto the Rugeley property market since the new year. This has prompted a 30% drop in the supply of Rugeley homes for sale compared to November 2020.
For the past couple of decades, like clockwork, Rugeley estate agents’ busiest times for putting property onto the market is the new year to Easter rush, with a smaller flurry of new properties coming onto the market in the mid/late summer. Yet, since the ending of lockdown 1.0 in the late spring 2020, nothing has been normal about the Rugeley property market.
Throughout the summer, the number of properties coming onto the market in Rugeley steadily rose to its peak in November and the number of properties then becoming sold subject to contract (stc) rose even higher (and whilst statistics don’t exist for the properties sold stc, anecdotal evidence suggests there were just under 50% more Rugeley properties sold stc in the last six months of 2020, compared to the same 6 months in 2019 ).
However, back to the number of properties for sale…
Congratulations on your decision to search for a new home in Rugeley. This is an exciting time for you and now is the right moment to consider two highly important elements to make sure you locate and purchase your dream property without hassle or stress.
Right now, you may be in the position of not knowing where or how to start your search, or even what to look at first, and that’s where we come in! Here at C residential we are experts in property searches in Rugeley and have plenty of useful tips to help you through the process.
When you want to update your home, you might assume it’s going to cost you a lot of money. However, there are a number of ways you can give your home a makeover that won’t cost you the earth. If you’re on a tight budget, simply follow these tips.
When you take out your first mortgage, as with any financial product, you’ll have to go through a credit check. It’s normal to feel apprehensive about this process, as let’s face it, few of us have perfect credit.
That’s why it’s worth trying to improve your credit score, if possible, in the months before you apply for a mortgage, as a better score can mean lower rates and a wider choice of lenders.