Is now the time to buy or sell?

Amidst the doom and gloom of 2010 property was seen to be in free fall. Along with the infamous double dip, it did not happen. Nationwide earlier this month reported that property prices went up by 0.4% in 2010! So what should home owners do: buy, sell or stay put?

The reality of life is that people need to move. Job changes, marriage, cohabiting, a baby on the way, schools are some of the many reasons that dictate a move, and are independent of the strength of the market. Entrepreneurs are always on the lookout for properties that they can turn a profit on. So there is, and in all likelihood will, always be a market. We regularly hear that people have an offer on their home but cannot find something to buy.
To buy a home nowadays, you need to put up some cash – 100% mortgages are a thing of the past. The more equity you have in the property (Loan To Value LTV) the better the mortgage deal. Rental incomes are good and many expect them to go up, mortgage rates are historically low so for those with equity buying is definitely something to consider.
“A fundamental issue in today’s property market is buyers are looking for the very best price and sellers are looking for a bargain. To get the best price for the property it must be in tip top shape - the property must be ready for the purchaser to move in with no work necessary and viewings need to be carefully choreographed to show the property at its best.” says Mark De Souza (Managing Partner, Property InTheVicinity). ”Moving home should be viewed as a complete transaction. Look at what you have and where you want to move to. Be realistic. Then make sure you get the price you need for your property to buy the home you want. Experience has shown bigger jumps in the property ladder can be made in a quiet market than a booming market. An astute move is likely to pay dividends in the future. ”

About Property InTheVicinity
Property InTheVicinity (PITV) is the Estate Agency division of the InTheVicinity family: a local brand providing local services to the community. As part of a service company, service is the key differentiator for Property InTheVicinity. We provide a complete service to property owners from the moment they consider putting their property on the market to completing. Our prices include the conveyancing cost, we start the legal process as soon as we are instructed to ensure the transaction is quick, efficient and value for money. To minimise the stress involved in moving we keep our clients informed so that they know what is going on at all times.
www.propertyinthevicinity.co.uk

Albany House Market Street
Maidenhead
Berkshire
SL6 8BE

This release was published on openPR.