Is now a good time to sell your house?
Property watchers and commentators have been spreading doom and gloom across the UK housing market since the start of the recession. But with reports that first time buyers are now taking hesitant steps back onto the property ladder, is now really a good time to sell your house?
If you’re thinking of selling to move up or downsize, what’s important is the cost difference to change between your current house and your next home.
For example, say you market your house at £300,000. You receive an offer of £285,000. You shouldn’t see this as ‘losing £15,000’. Because for the next home you buy, you will be able to negotiate a similar discount with the seller. After all, if your home has come down in ‘value’, then so has everyone else’s. It’s all relative.
Of course, you may not be prepared to negotiate at all. One thing we do advise sellers is that they must be realistic and flexible, as you would expect property owners to be when you become the buyer.
Because when banks are being even more picky about who they lend to, many people may find they don’t have as much to spend on their next property as they would like. It all depends on your personal circumstances, and how much of a hurry you are to sell.
Our property expertise in the local housing market means we can advise you on the right price to market your property at, to achieve a sale to your timescales. No property is unsellable, but if yours has been on the market for a long time with no solid offers, call us today. We’ll get you moving.