UNSURE ON WHETHER TO SELL? ....HERES WHY IT MIGHT BE A GOOD IDEA!
The current market is buoyant and bullish, prices are at an all-time high due to a lack of stock and buyer demand is relentless. Recent events have made many evaluate their situation and location when it comes to where they are living. Many Home Owners and Landords are now in a quandary to stick or twist.
UNSURE ON WHETHER TO SELL? HERES WHY IT MIGHT BE A GOOD IDEA
The current market is buoyant and bullish, prices are at an all-time high due to a lack of stock and buyer demand is relentless. Recent events have made many evaluate their situation and location. Mortgages rates are still very attractive and buyers are looking to take advantage of this. House prices have increased, on average, by 8.3% in the last year alone according to Zoopla latest house price report.
HERES WHY IT’S A GOOD IDEA TO DO IT NOW
The market cannot continue to rise at the current rate, it is simply unsustainable with many industry professionals reporting we are now at the peak. Interest rates are rising at their fastest past in many year and inflation recently hit 9%, the highest in 40 years – these data points usually results in price correction/reduction and a slow down in the market generally. General cost of living, lack of rise in incomes and a sense of economic uncertainty off the back of the pandemic and now the Ukraine war will all add to the anxiety from buyers.
All the above would indicate that prices will soon start to cool, less buyers will be moving and more sellers will be unable to sell meaning they will need to reduce prices if they are motivated to sellsooner rather than later….but there’s still time to strike while the iron is hot.
If you are thinking selling could be an option for you then the first step is a valuation and market appraisal. You can book in with me directly either by email james@elliotlee.co.uk or by using our valuation link.
ARE YOU A LANDLORD AT A CROSS ROADS WITH YOUR INVESTMENT?
Being a landlord is easy right? This is exactly what everyone who isn’t a landlord thinks but it couldn’t be further from the truth. Higher purchase and running costs, higher interest rates, higher taxation, ever increasing compliance regulations, tenant problems…all this and more is seeing many Landlords selling their portfolio and running for the hills.
However with some good solid advice, a portfolio appraisal and some alternative property investment options, it could be a great time to expand your portfolio without spending a penny.
Many landlords can neglect their investments, mainly due to our busy day to day lives, but are quite often sat on a gold mine. If you’d like to discuss how we can help you pay less for your assets or raise funds from them to reinvest in some high yielding options we would be delighted to set up a consultation with you - email james@elliotlee.co.uk