Hello all,
Well the tennis is over and yet again the hopes of a British champion are over. History is repeating itself it seems, very much like the reports about the housing market.
Only last week the papers were full of depressing headlines that the housing market had “stagnated”. But now look at them: Surge in house sales… Demand for houses jumps… House prices fall but sales increase… Does this sound familiar...? This week’s headlines, however, have been sparked by the Hometrack survey for June.
Simon Read of The Independent summed it up when he linked the increase in buyers with the sellers ‘getting real’ on prices. He pointed out that the number of buyers registering with estate agents may have risen by 10.6 per cent in June but property prices are 3.9 per cent down on last year. Richard Donnell, Director of Research at Hometrack suggests a number of factors will keep prices down over the next few months – and once again the huge regional variations have to be borne in mind. What’s happening in London isn’t true for the rest of the country and can skew the national picture.
So how do you set an accurate price for your property in today’s market? Numerous factors affect a realistic asking price: number of buyers around, how quickly you want to sell, the strength of the local economy and – if we’re to believe the housing experts – whether you’ve got the smell of freshly-brewed coffee wafting through your house when potential buyers come to visit! More seriously, a number of websites offer details of prices in the housing market based on what your neighbour paid for his/her house. At some point you’ll want to talk to an estate agent who knows the local market. We do extensive research in accurately pricing your property but beware of simply accepting the estate agents who offers you the highest value you for your home – ask how they arrived at that price and why it is so much higher than other valuations you have received. A realistic price will save you a lot of heartache and hopefully result in a quicker sale plus more importantly if the banks don't agree with the sale price you will not get your mortgage.
If you want us to give you a free valuation please let us know or click here to fill out your property details.
Office News
A big welcome to our latest member of staff, Lucie. She is going to be helping Mark on the property management and with her years of experience and long standing working relationship with Mark at her previous company she is a great addition to the strong 'Think' team.
Also a well done to Josh who completed his first half Ironman at the weekend - 1.2 mile swim, 56 mile bike followed by a half marathon. All that in 5 and a half hours! Big pat on the back Josh. Well done and I hear a much deserved drink was had after a few weeks on the wagon in preparation.
Thanks again for reading and your support. If you need anything please let us know.
Peter
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