PROMOTION Nothing for sale? Professional property finder Toby Ridge explains that despite an apparent lack of property for sale, there is a vibrant 'hidden market' active in and around Essex In the Spring Budget, the Chancellor extended the existing Stamp Duty Land Tax holiday for a further three months, with a lesser reduction continuing until the end of September 2021. Keen to make the most of this tax discount homebuyers have been out in record numbers leaving most estate agents' windows and property portals looking depressingly short of exciting properties for sale. Whilst the first quarter of the year is typically contacted by prospective vendors directly and a time for homeowners to contemplate and plan the sale of their property, the pandemic How do property finders find off-market homes? The key to a property finder's success - and more importantly, the value they offer to a client - is their contacts and involvement in 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 property finders. Discreet information regarding Toby Ridge GARINGTON always wekcome the opportunity to discuss a possible private sak. Equally, with so litle prime property openly available for sale at the moment, some sellers have become wary about selling too quickly and then not finding anywhere to move to. Selling quietly to a patient buyer offers both certainty of sale opportunities, clients of a property-finding and confidence to look in earnest for a new properties available to purchase away from the open market can come from all manner of sources including solicitors, tax advisors, is clearly playing its part. Anecdotally, we hear that some homeowners are reluctant to landscape gardeners, interior designers or architects, for example. Having been offered off market invite buyers into their homes and others are holding offlaunching their property whilst the uncertainty remains. However, there are a significant few who are willing to discreetly offer their home to buyers on an off- market' basis. firm can enjoy 'preferred buyer' status. This Is due to a seller 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 a transaction. home without the usual pressures. While some buyers are vaguely aware of this method of sale, many hold the false assumption that only high value homes are sold this way, This 'hidden' element of the local property market has opportunities for Good news for buyers? On the face of it, being able to purchase a property off-market sounds appealing for a buyer as the peoperty will usually be freshly available and there will be less or no competition from other buyers. However, buying off-market can come In situations wherea seller only wants to reveal their intention to sell to a select number of people, property finders are towands the top of the list to be notifled. While finding the right property to purchase in prime Essex areas is likely to remain challenging, it is by no means insurmountable with the right experience, contacts and access all budgets. Why do sellers choose off-market? There are no hard and fast reasons why with compromises. Sellers will often expect more flexibility with timescales, as they most likely will not yet have found a certain homes are sold off-market, but likely influences will be the prevailing market conditions and a seller's personal circumstances. Over recent years delicate and private sales resulting from death, divorce, debt, or being well known locally, are frequently cited as motives for keepinga property sale off market. Garrington is often property themselves, and they will expect to achieve a full price, to prevent the property from being formally marketed and made available to other buyers. Ihe art is to negotiate a deal where both buyers and sellers are happy and neither feel outdone by the price and conditions agreed. to all options in the market. Garringlon helpu doyers to find and purchase properties that meet abeir lifestyle requirements. Their localexpertise and in depth knowtedge of the property market helps homebuyers to consider a wider cholce of properties and purchase more effecrively. If you are considering your moving options in 2021 and would ike further information on how Garrington can save you time and money making the right decision, contact Toby Ricdge: 01245 905377 + info@garrington.co.uk + www.garringtonsoutheast.co.uk PROMOTION Nothing for sale? Professional property finder Toby Ridge explains that despite an apparent lack of property for sale, there is a vibrant 'hidden market' active in and around Essex In the Spring Budget, the Chancellor extended the existing Stamp Duty Land Tax holiday for a further three months, with a lesser reduction continuing until the end of September 2021. Keen to make the most of this tax discount homebuyers have been out in record numbers leaving most estate agents' windows and property portals looking depressingly short of exciting properties for sale. Whilst the first quarter of the year is typically contacted by prospective vendors directly and a time for homeowners to contemplate and plan the sale of their property, the pandemic How do property finders find off-market homes? The key to a property finder's success - and more importantly, the value they offer to a client - is their contacts and involvement in 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 property finders. Discreet information regarding Toby Ridge GARINGTON always wekcome the opportunity to discuss a possible private sak. Equally, with so litle prime property openly available for sale at the moment, some sellers have become wary about selling too quickly and then not finding anywhere to move to. Selling quietly to a patient buyer offers both certainty of sale opportunities, clients of a property-finding and confidence to look in earnest for a new properties available to purchase away from the open market can come from all manner of sources including solicitors, tax advisors, is clearly playing its part. Anecdotally, we hear that some homeowners are reluctant to landscape gardeners, interior designers or architects, for example. Having been offered off market invite buyers into their homes and others are holding offlaunching their property whilst the uncertainty remains. However, there are a significant few who are willing to discreetly offer their home to buyers on an off- market' basis. firm can enjoy 'preferred buyer' status. This Is due to a seller 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 a transaction. home without the usual pressures. While some buyers are vaguely aware of this method of sale, many hold the false assumption that only high value homes are sold this way, This 'hidden' element of the local property market has opportunities for Good news for buyers? On the face of it, being able to purchase a property off-market sounds appealing for a buyer as the peoperty will usually be freshly available and there will be less or no competition from other buyers. However, buying off-market can come In situations wherea seller only wants to reveal their intention to sell to a select number of people, property finders are towands the top of the list to be notifled. While finding the right property to purchase in prime Essex areas is likely to remain challenging, it is by no means insurmountable with the right experience, contacts and access all budgets. Why do sellers choose off-market? There are no hard and fast reasons why with compromises. Sellers will often expect more flexibility with timescales, as they most likely will not yet have found a certain homes are sold off-market, but likely influences will be the prevailing market conditions and a seller's personal circumstances. Over recent years delicate and private sales resulting from death, divorce, debt, or being well known locally, are frequently cited as motives for keepinga property sale off market. Garrington is often property themselves, and they will expect to achieve a full price, to prevent the property from being formally marketed and made available to other buyers. Ihe art is to negotiate a deal where both buyers and sellers are happy and neither feel outdone by the price and conditions agreed. to all options in the market. Garringlon helpu doyers to find and purchase properties that meet abeir lifestyle requirements. Their localexpertise and in depth knowtedge of the property market helps homebuyers to consider a wider cholce of properties and purchase more effecrively. If you are considering your moving options in 2021 and would ike further information on how Garrington can save you time and money making the right decision, contact Toby Ricdge: 01245 905377 + info@garrington.co.uk + www.garringtonsoutheast.co.uk