Well, it seems clear that the housing market too has slowed
in recent months. Most experts and pundits agree that this
trend is set to continue, with house price inflation projected
to grow only by single figures over the coming year. This
is a turnaround no doubt, where we saw figures of 30% growth
in some parts of the country last year.
But if we look behind the daily reports of the impending
economic slowdown of the housing market there are some interesting
points to note. A recent survey found that new buyer enquiries
actually rose in January 2003 compared to the previous year.
At the same time there appears to be less commitment to
buy, with firm offers harder to secure and a huge rise in
the ratio of viewings to sales.
Certainly there are ways you can fight the malaise and ensure
that your corner of the housing market remains buoyant.
As my uncle used to say "We can't change the direction
of the wind. But we can adjust our sails".
Selling your Uk Property?
If you want your property to sell quickly and at the right
price, take time to make it look its best. At whatever level
of the market, your house needs to be one of the quality
properties that potential buyers are searching for - and
achieving this needn't cost a fortune.
First impressions count - concentrate first on the front
of the house; tidy the front garden, trim the hedge and
paint the front door. This may sound obvious but it's surprising
how many sellers overlook such details and what a great
difference it makes.
Spending wisely on achieving the right impact can add pounds
to the sale price and clinch a sale from the first viewer
instead of the twenty-first. De-clutter and de-personalise,
do finish off those small DIY jobs that you've put off for
months - but don't waste money on starting major new projects
- you probably won't get back what you spend.
Of course if all of this is too much of a headache for
you, why not stay where you are, take advantage of the increased
equity in your home and carry out some real home improvements
that you can enjoy for yourself?
Re-mortgage Options
There are ways to make your property work for you. Re-mortgaging
to release funds to plough back into your home being one
option. Then you can sit back and look forward to the next
property boom.
Source: S Jordan - Herts + Essex Financial Advisors. For
advice on Uk mortgages and re-mortgages call 01582 412985
