Autumn 2011

Of late, making predictions as to what is going to happen in the property market is little more than guess work. With the continuing economic uncertainty, this Autumn will be no different.

The return of the schools in September historically kicks off the Autumn market but stock levels are low and as such now would be as good a time as any to put your property onto the market. There seem to be a number of properties being re launched having failed to sell either earlier this year or even last and surprisingly, at the same price as before. Others who needed to move on have put their property up for rental.

Although a lack of supply will always drive demand the key to a successful sale is still realistic pricing. Over pricing is just a waste of everyone’s time and will leave vendors and buyers alike frustrated.  With the demise of the HIP agents are continuing the practice of marketing quietly; usually to test the market and save the expense of full marketing.

For those lucky enough to have secured a mortgage they will be continuing to enjoy the low interest rates. Unfortunately, for those trying to get on the ladder times remain challenging. The Halifax report that the cost of buying a home for first-time buyers is now more than £100 a month lower than renting so if you are able to perhaps get help from the bank of Mum and Dad it would be beneficial.