The property market can always be a difficult area to follow. With the predicted increase of UK house prices by 7 per cent over 2014, many buyers are looking to invest. But what does this mean for home owners and sellers? As a home owner this means now is the best time to sell.
With more people desperate to buy, home owners and sellers can look to sell their properties for as much as 95% of asking price whereas on average sellers tend to sell for as little as 80% of asking price. This benefits any home owner you can gain more for your property than before. Home owners can also expect to achieve a quick house sale.
Although property prices have been increasing steadily over the recent months; studies show that the rate of property transactions have not increased at all. This means that despite the recent surge in property prices, the amount of sales has not increased which could prove worrying over the coming years. The fact is, mortgages are harder to gain and the government scheme ‘Help to buy’ has yet to be seen.
“House prices and the number of transactions remain well off their pre-crisis peak: we are not seeing an all-consuming bubble with prices running out of control and buyers snapping up anything at any price.” Said Nicholas Ayre, managing director of Home Fusion.
Many property experts are predicting a house price bubble. This means even if the prices are increasing now, there is a chance that property values will eventually decline and crash.
So how can a property buyer help you? A property buyer can help you in many ways, the first being landing you a large sum of money. With mortgage interest rates increasing, a property buyer can help to take away any mortgage payments you may currently have and save you from any debts. If you are looking to sell your house fast, there is no better time than now. Selling now will help you to avoid a housing bubble and help you gain maximum value for your property. With some buyers offering cash for property, there is no reason to wait. Selling now ensures a safer route out of any debts and mortgage payments giving you a comfortable future.
To summarise, rising house prices aren’t always a good thing. With recent problems in the British economy, many people are struggling; with wages at a standstill. Many people are stuck with low equity and are unable to progress. Increase in property prices in the short term may help, but with the fears of a possible house price bubble, it is advisable to not to take any risks. If a thought on your mind is “buy our house”, then look into a property buyer.