News out today suggests that the property market is stagnating. The Royal Institution of Chartered Surveyors (Rics) report says that the number of people interested in buying a property – and the number of sales – was “stagnant” in March. The headline paints a somewhat gloomy picture.
But read further and the latest monthly survey shows that stock levels in the property market are at a new record low and because of the shortage of housing, prices in many parts of the UK are continuing to accelerate.
So what does all this mean? Is it a good or bad time to be thinking about selling your property and moving home?
Moving for life changing reasons
Most people move house not just because it might be a ‘good time’ for the property market, but because they need to. New babies arriving, families moving in together, people downsizing for retirement or sadly moving on due to family loss, all of these are common reasons for buying and selling property. Yet it is true also that some people can put off the idea of moving if they worry about what the market is doing and whether they will be able to get a good enough price for their home, or secure a new property for what they can afford.
Short supply can mean bigger rewards
Whatever your reason for moving, a lack of supply in the property market can actually be a good thing. It can make it the perfect time to sell. A lack of housing stock, as we face in our local area, means that prices are continuing to rise, with more buyers looking than properties available. Particularly if you have found the property you want, you may be able to capitalise on the market and get more for your property than you might expect.
At Check 4 Houses we can sell your property from as little as £599 or 0.5%+VAT. This could save you thousands when compared to standard agency fees. We offer:
- 24/7 national marketing
- Unlimited photos
- Accompanied viewings
- Personal contact from start to finish
- A price match guarantee*
Please contact us for a free, no obligation valuation on your home on 01252 819725 or firstname.lastname@example.org. We would be delighted to help.
*See website for full terms and conditions of our price match guarentee