It’s a great time to buy in Fulham

Fulham’s property market is showing signs of bouncing back. We have registered over 160% more buyers in January to March compared with the same period in 2018 – and other agents in Fulham report similar activity. And with many sellers holding off until after Brexit, right now suddenly seems like the best time to buy a property in Fulham years.

Fulham is currently one of the best locations in London to buy and savvy buyers can find themselves considerable bargains. At the start of the year, Fulham had the third highest number of reduced properties on the market in the whole of the capital – behind on Westminster and Kensington & Chelsea. Buyers who might have previously felt priced out of buying Fulham properties are now finding that is a more affordable location. Furthermore, since Fulham’s prices have already come down ahead of surrounding areas and popular alternative such as Clapham, it’s a great opportunity for buyers to get a great deal that other postcodes can’t match just yet.

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Buyers can also take confidence in the knowledge that below-asking price offers may actually be taken more seriously than expected, and in fact, seem to be the norm right now. With a good number of motivated buyers property hunting in Fulham, opportunistic bids can be appealing for sellers who are looking to move on quickly and are fed up with a slow market.

The current situation especially works in favour of cash buyers, who are a much more appealing option for vendors than buyers who are in any sort of chain.

Speed of transaction is also having a huge influence on the outcome of deals for both buyers and sellers. Some sellers have offered further reductions if the deal is exchanged by a certain date. In a similar manner, many buyers have likewise been pushing for a quick turnaround to complete before the vendor changes their mind so that they can bag a bargain and minimise the length of a transaction.