A RUGBY estate agent was selected by BBC Midlands Today News to give their professional advice on a new mortgage scheme in the town.
Hawkins Estate Agents gave their thoughts on Rugby Borough Council’s scheme to put aside £1 million to aid first-time buyers and their search for mortgages.
The council’s agreement in conjunction with a high street bank comes as welcome news to a market that is showing stability and demand.
Stephen Hatfield, residential sales manager for Hawkins estate agents, who was on the programme, said: “It was fantastic that the news team came to us for a chat about the current market. We have seen a rise in enquiries from all types of buyers, and the last few homes that we have sold have been secured to first time buyers.
“This current initiative, while it will not help everybody struggling to get a deposit together, will have great benefits and can only be seen as a positive for the market in Rugby.”
As the number of houses currently for sale increases, a recent survey undertaken by Home Sale Network of which Hawkins is the local member cites the importance of vendors setting the correct asking price when the property is first put on the market.
And 97 per cent of network member respondents indicated that it was either ‘critical’ or ‘important’ that vendors set the correct asking price as soon as they put their homes up for sale. Furthermore, when survey respondents were asked what their buyers value most when viewing potential properties, the majority - 56 per cent - indicated it was a realistic asking price. This would suggest that the property market is accessible to both buyers and sellers but price is key.
Stephen said with so much competition out there at the moment, it’s essential that vendors are realistic when setting their asking prices.
He added: “I know it sounds really obvious but it’s surprising how many people ‘miss the boat’ by pricing too high when they first put their property on the market.”
Telephone Hawkins estate agent (01788) 541045 or visit us at 27 Regent Street, Rugby.