Property Market in UK: Should you sell or hold?

If you want to sell your home and move elsewhere, you may be forgiven for thinking that now is the right time to do it. The economy is slowly getting back on track, and life is slowly starting to seem better. But that does not mean the housing market is back to where it once was, so what should you do about it? Should you sell up, or should you hold for now, and hope to see an improvement sometime soon? We’re going to take a look at that right now.

An increase in wages

At the time of writing, we have seen an increase in wages, which means people have more money in their pockets. This means that more people will have more money to buy a home, and that could be good for the market. We have also seen an increase in house prices, which could potentially be great news for anyone who is looking to sell up. Unfortunately, a rise in house prices will mean that those who would have ordinarily been able to afford to buy a home for the first time, or for the fifth time, may not be able to now. This is one of the downsides of a rise in house prices, it leaves people stuck in rented accommodation, or with their parents for a little while longer.

How the construction industry affects house prices

Unfortunately, it seems that the construction industry is likely to put the last nail in the coffin, so to speak. This is because the industry seems to be having a hard time catching up with the demand for new homes. So how can this affect your home? The fact of the matter is that house prices could continue to rise as the demand for homes grows, which could make them unaffordable for many.

At the time of writing, and at the end of my street is a building site. The site was acquired to build 50 homes, but only 25 of them have been built. This is because not all of those 25 homes have sold as yet. As soon as they are, the over half of the development will go ahead, but prices are high, and it seems that no-one wants to part with their cash just yet.

When prices are high, or at least a little higher, this may well mean that your home could sell for more than it previously sold, but at the same time it could mean that any home you go on to buy will cost more too. If you’re looking to move into a smaller property, then you could find that it’s the right time to do it, as long as you pay a lower price for that property.

Is it worth the risk?

You need to ask yourself it selling up is worth the risk, especially if you’re looking to buy another property. If you are very keen on selling up, then you may have to put up with the price that your current home sells at, and the cost of the one you’re about to buy.

If you’re simply looking to sell your home, and you have no wish to buy another one, then now could be a good time. Prices have been increasing, and they look like they will continue to increase a little as the year moves on. It could be worth your while waiting a few months and hoping that you get 1-2% more for your home, but it isn’t guaranteed that you will. If you don’t need to buy another home, then now could be the right time to sell yours.

What does the future hold?

At the time of writing, it looks as though house prices will continue to rise, at least until the end of 2016. 2017 may see a change in house prices if the construction industry is able to catch up, but again, that could affect anyone selling their home. This means that the future is potentially uncertain if you’re looking to sell your home. All we can do is play the housing market by ear, and see what it brings us. This means that if you want to take a chance by selling your home, you should go ahead and do that. If on the other hand, you would like to wait, then you would be wise to keep a close eye on the property markets and see what occurs. There may be a better time for you to sell your home, but that better time may or may not happen any time soon.

At the end of the day, the decision is up to you, you can choose to sell your home, or you can hold off, and wait for a better time to come. We cannot tell what the future of the property market will hold, all we can do is guess, and then see what happens.


The Definitive Guide for a quick house sale

Susan Jones, Fast Home Buyer
Susan Jones, Fast Home Buyer
When it comes to putting your home up for sale, you may be thinking that it’s a relatively straightforward process, but unfortunately it can potentially be harder than you think. There’s a lot more to selling your home quickly than simply putting up a ‘For sale’ sign, and getting paid, and it can be quite a stressful experience, but you can make things a lot easier on yourself says UK quick house sale expert Ask Susan.

How to prepare your home for sale

1. Walk around your home – Starting at the edge of your garden, walk up to your home, in, and around it, making sure you take a note of anything that needs updating, fixing, or replacing. Go to every single room in your home, noting which room you’re in, and what needs to be done to make that room better.

2. Deal with that snag list – Get those repairs and updates done, do anything that is likely to increase the value of your property, and make it sell quicker.

3. De-clutter your home – Many of us have a corner of the room, or a chair where we stack things we haven’t bothered to put away. Clutter can make rooms seem a lot smaller than they really are, so de-clutter them, and notice how much better they look.

4. Hire someone to inspect your home – Professionals can come to your home, and take a look around, noting down any issues that you have not discovered. They will look for structural problems, as well as roof issues too. Knowing what needs fixing and how to fix it, could help you to get more money for your home, once the repairs are done.

Useful: 5 Steps to Sell Your House NOW!

Get an Estate Agent

1. Shop around – Don’t use the first Estate Agent that you come across, do your research and find someone who can work with you, keep you up to date with any progress, and most importantly, who you can get along with. Find someone who has a good reputation, and wants to help you sell your home
2. The Estate Agent’s visit – Book a time that suits you both, and ask the Estate Agent to come to your home and value it. They might be able to suggest ways that will help you to increase the value of your home, or simply help you to sell it quicker.

Getting your home ready for viewers

1. Make your home look like somewhere they’d want to live – Get rid of any clutter, open those curtains wide. Add a fresh coat of paint to the rooms, and get your carpets cleaned. You may have to keep your home clean and tidy every day until your house is sold, but it will ultimately help you to sell it. Another benefit of this is that you may occasionally get a call from your Estate Agent asking you to show someone around your home within the next few hours. If it’s convenient, then show them around, as this will give your home a better chance of being sold.
2. Sort out your front garden – If potential buyers have to walk across your garden to get to the front door, you should have your garden looking as neat and tidy as possible.
3. Sort out your back garden – You also need to pay close attention to your back garden too. Get rid of any weeds, cut the grass, pick up your childs’ toys. If you have a swing set or anything like that in the garden, why not leave them in place? It will help to show young families that children can enjoy living here.
4. Get rid of nasty smells – If you have a pet or 2, you will understand how they can fill the home with smells, without even trying. No-one wants to walk into a home that smells of dog, cat, or anything else, so make sure you deal with all those smells as quickly as you can.

Things to avoid

Although you may be doing your utmost to sell your home quickly, you need to be careful as to how you go about it. There are some things you need to avoid, as they could potentially put off anyone viewing your home. Here are a few things you should avoid doing:

-Don’t use plug-in air fresheners, they don’t always smell good, and they could be a little over-powering. Spray instead, and use a spray that has a light, clean scent.
-Don’t move all of your furniture out just yet, you need to keep some there so that viewers can imagine what it would be like living there. Get rid of any furniture that clutters the place up, but ensure you don’t get rid of too much

Selling your home fast need not be as stressful as it seems if you know how to go about it. Use the above advice to make your chances so much better, so you get your home sold as quickly as you can.