Buyers’ market post-Brexit
HOMEOWNERS in the Solent region are being warned of a ‘buyers’ market’ over the next month or so, amid further uncertainty over Brexit.
According to recent figures from the members of the Royal Institution of Chartered Surveyors, house sales are expected to fall in the next three months.
Head of residential property at Portsmouth-based Verisona Law, Tracey Longdon, said: ‘Conditions are combining to create a buyer’s market for anyone with a mortgage offer.
‘Sellers should get themselves well prepared before they put up the ‘for sale’ sign by making sure their solicitor has already examined the title, lined up all the paperwork, anticipated any problems and dealt with them in advance.
‘It avoids delay and means they are ready to act immediately when a buyer is found.
‘Sellers need to be ready to impress and move quickly when a there is interest.’