Spring Update 2009...

Do you want stats? Do you want hard numbers on the London real estate market so far in the Spring? Sorry, you will have to read elsewhere ;) This post is strictly my perspective - the pulse of the market. The truth is stats are history, if you are selling your property in the near future the pulse is what you are looking for!

A good Realtor spots trends, spots avenues to opportunity and areas of blunder on behalf of their clients. To date I am happy to say that for all listngs priced properly the market is quite brisk! You will notice I put a qualifier in to that statement...

The last two offers I put in on behalf of a buyer were multiple offers - 2 offers on the first and 3 on the second. Keep in mind the homes were both well priced. They were not priced like a fire sale, not being given away, they were WELL PRICED.

What would you say is the key to knowing where to price your home? There are a few key factors - proper home work and research, experience (as in years) and current experience (as in deals per month). Do you think it's rude to ask a prospective Realtor what their volume is? How many homes they sell in a typical month? Even more so to have them prove it (far be it for me to suggest a sales person would exagerate their performance!!)... I think you have every right.

Now don't get me wrong, many lower volume producers are fantastic - give their clients excellent service and are extremely competent. Common sense tells you that a Realtor who can spot the pulse of a market will be doing some deals right? They will have been in the thick of things recently.

How many deals is right? I think you should look for no less than an average of 3 deals per month. That's the bare minimum to know what is going on in most areas of London.

As I mentioned, pure opinion, but an opinion with some history and experience!