MARKET UPDATE AUGUST 2008

Herefordshire is still seeing plenty of property available for sale, few chain free buyers, ample people currently on the market looking to buy but haven’t yet sold theirs so not able to proceed and generally not viewing either. This means that almost all leads are genuine and may lead to some business but the leads themselves are less in number than we would like. HIPS are still not being helpful – the searches are out of date but the time a sale is agreed so buyer’s solicitors have to re do them at an additional cost. There are a few more FTB’s around and the mortgage market doesn’t seem to be as difficult as it was. We are hopeful that now the summer holiday’s are almost over and with the media starting to talk about the credit crunch and housing market as item 2 or 3 rather than 1 on the running list of stories that the buying public may start to regain a bit of confidence.