Be flexible to secure that house sale
The key to house sales is public confidence, which is very much dictated by job security and financial well-being. As a result, the property market can be quite erratic.
May proved a positive month, with a significant increase in enquiries, viewings and valuations, and June appears to be continuing the same way.
Prices are now extremely competitive, and this is a very good time to buy.
One question which constantly crops up is whether people seeking to move should sell first, or find a property and then put their house on the market.
In the current conditions, my advice is always to try to sell your property first. Sellers tend not to take seriously offers from buyers who still have a property to sell.
If you do sell your property, then find that you are unable to locate your dream home, don’t despair. The availability of property to rent allows a seller to move temporarily, while continuing to look for the right home.
While this does increase the cost of moving, this is more than offset by the fact that, with your money in the bank, you are able to negotiate from a far stronger position when you do eventually find a house you want to buy.
Furthermore, by being able to sell your house with no upward chain, you are increasing the appeal of your own property to prospective buyers.
Short-term renting is easy. The minimum term is six months, and in present market conditions, prices are unlikely to change during that time.
The secret, in this market, is to be flexible, willing to consider alternative ideas and to try to accommodate buyers wherever possible. Be realistic in your expectations and remember that sale prices are relative. You may have to sell for a little less than you hoped, but you can usually recoup that in the price you pay.
As agents who have offered sales and lettings for many years, we can meet both demands and use our position to assist our vendors to find buyers and also to rent on a short term basis.