Agent speaks... Ian Palmer, Foxtons Clerkenwell
By Mark Kebble on October 22nd 2010
How long have you been based in Clerkenwell?
“Foxtons has been established for 29 years and Clerkenwell is now our 29th office and the fifth one to open this year! We’ve been selling properties in and around Clerkenwell for years through our nearby Islington and Shoreditch offices, but with an ever-increasing demand for the area from buyers, we felt it was time to permanently establish ourselves in the area to fully serve the residents of Clerkenwell.”
What do you like about working in Clerkenwell?
“I’ve worked for Foxtons for five years now, starting my career as a sales negotiator in our Shoreditch office before being promoted to sales valuer in our Camden office over two years later. Naturally, I was thrilled when I was offered the chance to open and manage our new office here in Clerkenwell and return to my City roots! With the many bars, cafés and restaurants that seem to be opening on an almost weekly basis it’s clear to see what draws so many buyers to the area.”
How has 2010 been for you?
“Confidence is now returning to the market and we have seen a huge increase in our applicant numbers and subsequently a return of vendors and landlords to the market too. There is a genuine energy resulting in a huge increase in offers including multiple bids on the most desirable properties from a variety of motivated buyers.”
Are you optimistic for the rest of the year?
“We’re feeling very optimistic for the rest of the year having already opened five new offices in 2010 alone with a further five planned for next year – a strong statement of our confidence in the future of London’s property market.”
Any advice for applicants in this market?
“The market is moving quickly so make sure your estate agent has a clear understanding of your exact requirements and ensure that you have all your documentation and finances already in place to avoid missing out. Using a mortgage broker ensures you will have the best access to all available products and won’t be tied to one lender, and a good solicitor will help a deal progress as quickly and smoothly as possible.”
Any advice for vendors in this market?
“First impressions count, making the presentation of your property critical. If you are considering putting your property on the market, arrange a valuation now as demand has definitely outstripped supply and prices are rising, as buyers compete to get into the best properties before Christmas. Vendors can take advantage of our 0% commission offer until the end of January 2011.”
What’s the typical property you have on your books at present?
“One of the things I love about the Clerkenwell office is that there is no such thing as a typical property. We are fortunate enough to have a variety of properties ranging in price from £200,000 to over £2 million. When people think of Clerkenwell, they often picture loft-living in open-plan properties with high ceilings, and we have some fantastic examples on our books, including a beautiful apartment on Dallington Street, EC1.”
Find out more by contacting Foxtons Clerkenwell on 020 7871 9800
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