Now is the time to buy

Posted 20 January 2009 by Neil Moore

I know, I'm bound to say that! However it is so so true. We are selling really excellent houses at prices that just seem such good value. I can only say that the market activity has picked up since the new year and although we have a long way to go before we get to previous levels of inquiries, if last Saturday's viewing level is anything to go by, we are on our way.

My advise is "If you see something you like, get on and buy it, because it probably won't be there in six months' time"

We have agreed sales on three properties recently to investors, they can only get about 3% interest on capital in the banks and they can achieve 6% on the property they have bought, plus the hope of capital growth in 2 to 3 years time.

I understand from our preferred mortgage brokers (M&M mortgage management) that various deals are around in the mortgage market from 3.99% if you have a reasonable deposit, with rates like these and lower house prices, I suggest people seize the moment. It makes moving house rather attractive.

I understand the difficulty people have with selling there house for less than they thought it was worth and many have spent money on refurbishment etc, but everyone is in the same boat. ' what you lose on the swings, you will gain on the roundabouts'.

If you are reading this and wondering what to do (and it seems quite a lot of people are) contact any of our offices for the best advise, We understand how important it is to know the price that you can achieve in the current market. One agent I heard off has been recommending to clients to put there houses on the market at 25% more than they are worth so they can be knocked down in negotiation,so the buyers think they are getting a bargain, Does he think the buying public were born yesterday?

 

 

 

 

Go Back