The autumn real estate market is still brisk. This month, we’ve seen record asking prices for all types of properties. From first-time buyer homes to family homes, in every part of the UK. This ‘full house’ is a once-in-a-lifetime occurrence, taking place for the first time since March 2007. So, if you’re considering relocating, what does this mean? You could think it’s best to wait with everything going on. However, there good reasons why it’s a great time to sell your home.
Get To The Front Of The Queue
Because there are more people wishing to move than there are properties available to buy, and because it’s such a competitive market, sellers have a better chance of finding a buyer this year than they had in the previous ten years.
Great Time To Sell Your Home – Opportunity To Get Best Price
This month, asking prices have reached new highs. So if you’re considering selling to make a move next year, now is a fantastic time to get a home valuation from an estate agent. Even if you’ve just had your home for a year or two, you might find that you can sell it for far more than you paid for it.
If you’re downsizing or don’t need to buy another property, now is a fantastic moment to sell and cash out on your home.
Great Time To Sell Your Home – Budgets
If your home is worth more than you paid for it, the quest for your dream home may take on a new meaning. New choices may begin to emerge. These can range from locales you previously imagined were out of your price range. Or include homes with greater space or a garden. The good news is that we’re starting to see more properties come on the market this month, so there’s a lot of new options to choose from.
Put Yourself In A Powerful Position
With many houses being scooped up rapidly and sellers having a choice of competing purchasers, certain people hold trump cards. Power-buyers, or those who have already sold a property subject to contract or have nothing to offer are one such group. They will have the strongest negotiation hand when they locate ‘the one.’
“One agent’s study that 87 percent of their sales agreements were scooped up by buyers who were already in a position to proceed is very typical of reports from many agencies,” says one property expert. The ability to demonstrate that a buyer is mortgage-ready or has cash in the bank helps them move up the pecking order.”
Interest Rates
Mortgage interest rates are at an all-time low. What’s more, lenders are eager to lend in a competitive market. The opportunity for movers who want to sell and purchase before interest rates rise is still open. However, it’s commonly predicted that rates will remain low.
