Latest Property News From Truuli
Seller asking prices rise by 1.3% in Jan 2024
The average asking price for new sellers had a significant increase of 1.3% in January, marking the highest price rise since 2020. This growth is more than double the average increase seen over the past 20 years (+0.6%). With mortgage rates decreasing and a positive economic outlook, buyer demand is on the rise. In fact, 42% of agents have reported higher buyer demand compared to the previous year. Furthermore, the
Truuli offer the quickest property sale to completion timescales
At Truuli, we pride ourselves on offering the quickest sale to completion timescales in the industry. According to the latest data compiled by Twenty EA*, we consistently outperform all other top 10 agents in this regard. We understand that receiving an offer on your property can be an exciting experience for sellers. However, we also know that the period between offer and completion can feel like an eternity as there are several
Are 100% mortgages the new bank of mum and dad?
Starting my Estate Agency career at just 21, I was constantly amazed by parents who gifted large sums of money to help their children purchase a home. Who wouldn’t want to help their kids? Working in prestigious areas of South West London, I was surprised to find that the average gifted amount was only £20,000. I thought it would be a little higher. For those without the luxury of parental
How to Achieve the Best Possible Price for Your Home in a Price Sensitive Market.
Selling your home is a major undertaking and there are many factors to consider when pricing it. With price sensitivity increasingly evident in the property market, understanding local market conditions and pricing realistically are essential if you want to achieve a sale. Zoopla reports indicate that while 59% of listings had no price reduction in February, four in ten did have reductions. Let’s take a closer look at what this
Truuli tackle the Essex countryside for charity
Ride Essex was a great ride and one I had been looking forward to since we decided to take part, especially as we were doing it for a good cause which was “Action Medical Research for Children”. They are an amazing charity doing wonderful research to help better our kids medical future, and who better to support than the future leaders of the country. My ride was very eventful, to
Homebuyer demand is on the up
Following on from two months of house asking price falls, we are starting to see a rise in seller asking prices – the largest we have seen since 2020. Interest rates had hit as high as 6.5% for some borrowers, however, some of the major high street lenders have started to lower their interest rates with many others now following suit. With rates generally sitting below 5% and looking set
