{"id":6602,"date":"2023-10-31T18:22:09","date_gmt":"2023-10-31T18:22:09","guid":{"rendered":"https:\/\/www.craneandco.co.uk\/pages\/?p=6602"},"modified":"2023-11-01T13:12:02","modified_gmt":"2023-11-01T13:12:02","slug":"october-2023-market-update","status":"publish","type":"post","link":"https:\/\/www.craneandco.co.uk\/pages\/october-2023-market-update\/","title":{"rendered":"October 2023 Market Update"},"content":{"rendered":"\t\t
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Despite well publicised economic headwinds, we\u2019ve been able to negotiate a surprising number of excellent sales this month. In October alone, we have handled 64 offers!<\/strong><\/span><\/p>\n

This month\u2019s property market update is a <\/span>fairly important one if you are selling<\/strong><\/span><\/p>\n

You may have heard that house prices have fallen every month for the past six months, according to the Halifax, and some economists believe they may <\/span>fall further in the year ahead. However, this is mostly due to the market playing catch-up, following 14 consecutive interest rate rises in nearly two years.<\/span><\/p>\n

However, I think we can tentatively say that interest rates have now probably peaked and may slowly fall over the medium to long term. But we\u2019ll be left with higher borrowing costs for the foreseeable future, and this will be especially painful for those beginning to come off a low-cost fixed-rate mortgage.<\/span><\/p>\n

Buyer demand is better than expected<\/strong><\/p>\n

The economy is certainly a bit stronger than expected but don\u2019t expect house prices to rocket any time soon. We have a general election next year and an increasing amount of stock on the market. Fortunately buyer demand is creeping back, but these buyers recognise that they are in a strong position, and they are careful about what they buy, and how much they pay for it. <\/span><\/span><\/p>\n

So if you\u2019re selling, especially with the winter ahead of us, now is not the time to try your luck with an ambitious asking price. Don\u2019t get me wrong, we are actually achieving some remarkable prices, but let\u2019s use your asking price to attract buyers with whom we can negotiate. An inflated asking price does not mean an inflated sales price. In fact, the opposite is usually true.<\/span><\/p>\n

For serious sellers, it\u2019s critical that you engage a conveyancing solicitor as soon as you put your property on the market. It\u2019s not rare for us to find a buyer within the first few days of marketing and it\u2019s so frustrating to find that there\u2019s no buyer\u2019s pack in place. So please do get this organised quickly, and certainly before a buyer is found. Make it easy for a buyer to buy your home, so you can move on too. Please do involve us in this, as we\u2019d love to help you get everything in place for a speedy move, and you might be pleasantly surprised.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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SOLD THIS MONTH<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\"SOLD\"<\/figure><\/div>
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Want to know what your home is worth?
We have 3 quick and easy valuation options to suit you.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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In Person Valuation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Girl-Laptop-735177496-1000x700\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Whether you are just curious or ready to sell arrange your no obligation valuation.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tI'M JUST CURIOUS<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Instant Online Valuation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Hand-Stop-Watch-429500005\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Click below if you want a FREE Instant Online Valuation. Our online tool will give you an idea of how much your home is worth in 60 Seconds.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tINSTANT VALUATION<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Remote \/ No visit valuation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Couple-Office-444616426\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Click below if you are looking to sell your property and wish for one of our experienced team to arrange a\u00a0NO OBLIGATION <\/strong>appointment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tI'M READY TO SELL<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Despite well publicised economic headwinds, we\u2019ve been able to negotiate a surprising number of excellent sales this month. In October alone, we have handled 64 offers! This month\u2019s property market update is a fairly important one if you are selling You may have heard that house prices have fallen every month for the past six […]<\/p>\n","protected":false},"author":4,"featured_media":6597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[12,1,6],"tags":[],"class_list":["post-6602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-moving-home-advice-and-guidance","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/6602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/comments?post=6602"}],"version-history":[{"count":20,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/6602\/revisions"}],"predecessor-version":[{"id":6704,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/posts\/6602\/revisions\/6704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/media\/6597"}],"wp:attachment":[{"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/media?parent=6602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/categories?post=6602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.craneandco.co.uk\/pages\/wp-json\/wp\/v2\/tags?post=6602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}