Buyer Demand And Expectations – Spring 2021

Buyer Demand And Expectations – Spring 2021

If you plan on selling your home, it is helpful to know what buyers are looking for. In the current climate, demand for property outstrips supply, so there is a good opportunity for vendors to enter the market with confidence.

While some experts have classed the current climate as “a seller’s market”, it is always best to know what buyers are looking for. With this information, you can position your property as being what buyers want to see.

At Coakley & Theaker, we are pleased to say we have helped many homeowners connect with buyers. We are considerably experienced in the local housing market, and we stay in touch with what is happening nationally. This is why we are confident in helping you respond to buyer demand and expectations in the current housing market.

Make an informed move

The study from GetAgent examines how people have changed in the past year when it comes to owning property. Homeownership is a dream for many people and households, but does the dream end with merely owning a home?

The findings from the study were as follows:

• 38% of homeowners said owning property was their main aspiration

• 45% of respondents said that there was more to property ownership than having a roof over their heads, and it’s important that their home fits with their lifestyle

• A further 17% of respondents said it was very important that their home fits with their life

The survey also asked people to rank what was important to them in their home, with the following results:

• 24% of respondents said safety was a priority

• 20% said size was a priority

• Energy-efficiency was stated by 19% of respondents

• 8% said having a garage

• 6% said having a garden mattered

• A home bar mattered to 4% of respondents

• 3% of respondents stated an integrated media system mattered

People want to love their home

Colby Short, Founder and CEO of GetAgent.co.uk, commented: “There’s no doubting we’re a house-proud nation but the definition of being house proud has certainly evolved over the years. Gone are the days of presenting a pristine show home to impress friends and family and today, we love to put our own unique stamp on our properties in all manner of ways.”

Colby concluded by saying; “For some, it’s energy-efficient improvements such as solar panels, for others a space to get their hands dirty working on their latest project is important. Others prefer to entertain, while the latest technology integration or entertainment system makes some of us tick. Whatever it is, we love to spend time at home doing the things we love and so it’s no surprise that they’ve become more of an extension of who we are rather than simply a roof over our heads.”

At Coakley & Theaker, we aim to support the local community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.