27th June 08
Is now really the right time to buy?
Whilst even the most optimistic estate agent would struggle to provide evidence that it is business as usual and market conditions are perfectly normal, there is a real opportunity here for buyers who are motivated to move to get a really good deal.
More choice than in the last five years, which means you are not competing against five or six other people for the same home*.
Many sellers are listening to realistic offers and if you have your finances in place, this puts you in a very strong position.
Trading up? The price gap between your home and the home you want to buy has been falling for the last six months*. So even if you reduce the price of your own home you don’t have to lose out.
If you are a first time buyer with a deposit you are a king in this market. Not only are house prices falling, estate agents and sellers will love you because you have the finance in place and no chain.
Don’t be one of those people who said, “if only I’d bought five years ago I could have got a home for much less.” With reductions of 10%, 15% and even 20% then maybe now is the time to make sure you are not repeating this conversation five years from now.
Regards,
The Barnard Marcus Team
* Rightmove House Price Index June 2008
**Land Registry data on average prices of properties from maisonettes to detached properties in England & Wales from October 2007 to April 2008
Is now really the right time to buy?
Whilst even the most optimistic estate agent would struggle to provide evidence that it is business as usual and market conditions are perfectly normal, there is a real opportunity here for buyers who are motivated to move to get a really good deal.
More choice than in the last five years, which means you are not competing against five or six other people for the same home*.
Many sellers are listening to realistic offers and if you have your finances in place, this puts you in a very strong position.
Trading up? The price gap between your home and the home you want to buy has been falling for the last six months*. So even if you reduce the price of your own home you don’t have to lose out.
If you are a first time buyer with a deposit you are a king in this market. Not only are house prices falling, estate agents and sellers will love you because you have the finance in place and no chain.
Don’t be one of those people who said, “if only I’d bought five years ago I could have got a home for much less.” With reductions of 10%, 15% and even 20% then maybe now is the time to make sure you are not repeating this conversation five years from now.
Regards,
The Barnard Marcus Team
* Rightmove House Price Index June 2008
**Land Registry data on average prices of properties from maisonettes to detached properties in England & Wales from October 2007 to April 2008
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