Estate agents and property sellers have said that house buyers have started making offers on homes before viewing them to get the upper hand in a ‘mad’ housing market.
With house prices soaring, and the demand for new homes outstripping the available supply, estate agents have claimed that some properties are selling within hours, often with dozens of offers on the table, but this has also seen house hunters stuck with little time to find a new home.
Demand in April saw people in Aberdare, Rhondda Cynon Taf, Wales queuing overnight outside an estate agents, according to BBC News.
One woman told BBC Wales Live that the search for a new home has exceptionally difficult.
Midwife and mother-of-two, Megan Davies from Aberdare, is hoping to find a new family home with her partner and sold her house within hours of it being put on the market, while her partner was made an offer on his property being any viewings.
However, the couple has been unable to find a house to move on to, with houses going for between £20,000 to £30,000 over the asking price.
“There’s so much competition out there at the moment and Aberdare is just mad, it’s just gone mad. We’ve seen a house today that’s gone live 15 minutes ago, we were told ‘we’ve got no bookings left’,” Ms Davies said
Another house hunter, Rhiannon Williams also has difficulties in finding a new home, with the Caerphilly housing market equally as frantic.
“The first house viewing looked amazing on the photos, but when I viewed I wasn’t sold by the property. The estate agent said someone had put an offer in on the house and hadn’t viewed it,” she said.
“I thought that was absolutely insane as the asking price was already the top end for that area.”
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