Leeds One Of Fastest Moving Property Markets In UK

Leeds One Of Fastest Moving Property Markets In UK

Latest research has shown that the Leeds property market is now one of the fastest moving in the UK.

The North of England and the Midlands are among those that feature frequently on the list of the top 20 fastest-moving property markets.

The property hot spots were identified by the property website Zoopla. Findings show that Yorkshire takes 2 of the top 20 spots, with the Midlands taking a further 8 of the 20 spots. The results are based on the average length of time a property took to sell, from ‘for sale’ to ‘sold subject to contract’. For example, Falkirk in Scotland took the top spot, with an average of just 20 days from on sale to sold. Properties in Leeds took an average of 28 days to sell.

Several factors have led to the increase of a fast-moving property market in Leeds. Firstly, the pandemic caused pent up demand due to the first lockdown. Secondly, the Stamp Duty holiday announced by the government to kickstart the housing market after lockdown has given homeowners an incentive to make huge savings if they move to a new property.

Leeds property experts 321 Move have seen the recent surge in the market for themselves.

"2020 has been a busy time for us and our clients. We’ve seen a surge in enquiries with common questions such as

• how long does a house valuation take’

as people are looking to move quickly and speed the process up as much as possible. The lockdown has been a difficult time for many couples and families, with many prioritising a home office or larger garden in their house hunt."

A house valuation is essential to gain an accurate figure of how much the property is worth. This can help you plan the move, get the property ready for sale and decide how much to put the house on the market for. A truthful figure can make a huge difference to the success of the sale. Even £5-10,000s worth of difference has the potential to deter buyers or reduce your sale profit.

The house valuation process can take time but the actual house valuation itself is usually much quicker. It can take anywhere from 10 minutes to over an hour for an assessor to determine an estimate for the property. A final valuation report is completed back in the office, where the appraiser can take local data about the surrounding area into account. The report is usually ready within a couple of days. The assessor then sends the report to the mortgage lender who will review it.

The whole process can take up to an average of 2 weeks.

With more than a decade of experience in the property sector with 321 MOVE and our sister property management company Manor Residential we pride ourselves on offering a professional, experienced, and cost-effective service across sales, maintenance, lettings and development.

From our dedicated Leeds-based maintenance and repair team to our extensive rental portfolio and exciting development opportunities, we are an exciting property management firm with the industry knowledge to provide our clients with excellent service.

At 321 MOVE, we will help you sell your home in three simple steps. We understand that sometimes, you just want a quick and hassle-free way to sell your home, for cash, with traditional methods of selling houses often being too costly and extremely time consuming.

We help clients in a variety of situations to sell their home, fast. We always deal with an incredible amount of integrity as we appreciate that the circumstances you may be selling your home under can be sensitive. For example, selling an inherited house fast for clients going through probate, or looking for cash to pay for expensive care costs can be a stressful time for you, but we take the hassle out of selling your house with our clear, upfront home buying service.

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