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    February 16, 2020
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PROMOTION Nothing for Sale Professional property finder David Lewis explains that despite an apparent lack of property for sale there is an increasingly vibrant 'hidden market' in the North West Rising house prices driven by a lack of property for sale has been fuelling press headlines for many months. This has left numerous would-be homebuyers frustrated and despite 'stalking' property portals on a daily basis, the situation has shown no signs of improving over recent months. their agents wanting to know if we had a potential buyer ahead of them talking to the wider market. David Lewis How do property finders find off-market homes? GARRINGTON The key to a property finder's success, and more importantly the value they offer to a client, is their contacts and involvement in to kook in earnest for a new home without the usual pressures. Unbeknown to many house hunters, some their local community and surrounding areas, Contrary to popular belief it is not just the local estate agents that contribute to the supply of off market options provided to Good news for buyers? On the face of it being able to purchase a of the finest homes in the North West over the last 12 months have been sold 'off market'. Whilst some buyers are vaguely aware of this method of sale, many hokd the false assumption that only high value homes are sold this way, which is not the case, as this hidden element of the property market has a wide range of opportunities for all budgets. property off-market sounds appealing for a buyer, as the property will usually be fresh to the market and there is normally less or no competition from other buyers. However, buying off-market usually means that the sellers will expect more flexibility with timescales, as they most likely will not have found themselves yet. property finders. Interesting and normally discreet information can come from all manner of sources including solicitors, tax advisors, private banks, interior designers or architects for example. Having been offered off-market opportunities, elients of a property finding firm enjoy 'preferred buyer' status. This is due to a seler or their agent taking comfort from the fact that the buyer has chosen to be represented in their search, which further underlines their commitment to Why do sellers choose off-market? There are no hard and fast rules as to why homes are sold off-market as this is usually influenced by market conditions and a seller's personal circumstances. However, over recent years delicate and private sales as a result of death, divorce, debt or being well known locally, are frequently cited as motives for keeping a property sale The sellers are also likely to be expecting to achieve a full price, to prevent the property from being formally marketed and made available to other buyers. In a rising market though, trading this flexibility is often fair, as the value of home you are buying may have risen by the time you complete and take ownership. a transaction. In situations where a seller only wants to reveal their intention to sell to a select number of people, property off-market. finders are usually towards the top of the list to be notified. What types of homes are being sold? There is a wide range of prime properties being sold off-market and, in the past 18 months, I've acquired homes ranging from £400,000 to over £5 million for clients. Equally, with so little property openly available for sale over the last year, some sellers have become wary about selling too quickly and then not having anything to move to. Selling quietly to a patient buyer offers both certainty of sale and confidence Whilst finding the right property to purchase is likely to remain challenging, it is by no means an insurmountable challenge, with the right experience, contacts and access to all options in the market. Several of these transactions have been as a result of being approached by sellers or If you would like further information regarding off-market properties and how Garrington can save you time and money finding the right home, contact David Lewis at Garrington's office on: 01565 818110 info@garrington.co.uk www.garringtonnorthwest.co.uk PROMOTION Nothing for Sale Professional property finder David Lewis explains that despite an apparent lack of property for sale there is an increasingly vibrant 'hidden market' in the North West Rising house prices driven by a lack of property for sale has been fuelling press headlines for many months. This has left numerous would-be homebuyers frustrated and despite 'stalking' property portals on a daily basis, the situation has shown no signs of improving over recent months. their agents wanting to know if we had a potential buyer ahead of them talking to the wider market. David Lewis How do property finders find off-market homes? GARRINGTON The key to a property finder's success, and more importantly the value they offer to a client, is their contacts and involvement in to kook in earnest for a new home without the usual pressures. Unbeknown to many house hunters, some their local community and surrounding areas, Contrary to popular belief it is not just the local estate agents that contribute to the supply of off market options provided to Good news for buyers? On the face of it being able to purchase a of the finest homes in the North West over the last 12 months have been sold 'off market'. Whilst some buyers are vaguely aware of this method of sale, many hokd the false assumption that only high value homes are sold this way, which is not the case, as this hidden element of the property market has a wide range of opportunities for all budgets. property off-market sounds appealing for a buyer, as the property will usually be fresh to the market and there is normally less or no competition from other buyers. However, buying off-market usually means that the sellers will expect more flexibility with timescales, as they most likely will not have found themselves yet. property finders. Interesting and normally discreet information can come from all manner of sources including solicitors, tax advisors, private banks, interior designers or architects for example. Having been offered off-market opportunities, elients of a property finding firm enjoy 'preferred buyer' status. This is due to a seler or their agent taking comfort from the fact that the buyer has chosen to be represented in their search, which further underlines their commitment to Why do sellers choose off-market? There are no hard and fast rules as to why homes are sold off-market as this is usually influenced by market conditions and a seller's personal circumstances. However, over recent years delicate and private sales as a result of death, divorce, debt or being well known locally, are frequently cited as motives for keeping a property sale The sellers are also likely to be expecting to achieve a full price, to prevent the property from being formally marketed and made available to other buyers. In a rising market though, trading this flexibility is often fair, as the value of home you are buying may have risen by the time you complete and take ownership. a transaction. In situations where a seller only wants to reveal their intention to sell to a select number of people, property off-market. finders are usually towards the top of the list to be notified. What types of homes are being sold? There is a wide range of prime properties being sold off-market and, in the past 18 months, I've acquired homes ranging from £400,000 to over £5 million for clients. Equally, with so little property openly available for sale over the last year, some sellers have become wary about selling too quickly and then not having anything to move to. Selling quietly to a patient buyer offers both certainty of sale and confidence Whilst finding the right property to purchase is likely to remain challenging, it is by no means an insurmountable challenge, with the right experience, contacts and access to all options in the market. Several of these transactions have been as a result of being approached by sellers or If you would like further information regarding off-market properties and how Garrington can save you time and money finding the right home, contact David Lewis at Garrington's office on: 01565 818110 info@garrington.co.uk www.garringtonnorthwest.co.uk