Is there such a thing in 2008 as a quick house sale? The heady days of 2006/07 when houses were being snapped up for over asking price and often the subject of sealed bids is over, for now anyway. So is a quick house sale a thing of the past?
If you are considering selling through an agent, the answer is yes. The quick house sale is no more.
Research from the National Association of Estate Agents (NAEA) has confirmed that there has been a dramatic slowdown in the property market in 2008. The research showed a 17% fall in property sales from June to July. The combination of a slow down in the market and decline of buyers in the market means if you want to sell your house quickly you need to think about alternative methods.
The NAEA President Chris Brown commented “consumer confidence is still low and this can be attributed to various economic factors including the continuing rising costs of living, the credit crunch and, of course, the shackles around the mortgage market.”
The impact of the slow down in the housing market on sellers is clearly dramatic. Many sellers are looking to relocate or return to their own country having worked in the city over the past 5 years. Where previously they have sold up and gone home they are now being forced to either remain in London and delay plans to return home or they are renting their properties from afar. This is restricting their freedom to progress with careers, link back up with families and friends and the ability to enter the property market in their home countries.
London has over the past few years been considered an attractive city to come to work, both for the experience and also for the financial rewards on offer. Salaries have rocketed in many city disciplines such as investment banking and law. In addition house prices have risen sharply, which for some, has been a double bonus.
The current fall in house prices is an end of an era which for many, but not all has been a lucrative and fruitful experience. So what is the answer to this changing market? Stay put, rent or sell up.
Every situation is driven by different circumstances, on how finances stack up and other needs are prioritised. Molae Properties has helped numerous sellers who are looking to relocate and where the guarantee and certainty of a quick house sale is, on balance, a viable and attractive option.
“ we decided to sell our flat to Molae Properties as they were giving us the peace of mind we were looking for, a guaranteed sale to carry on with our lives as afterall, time also costs money and putting everything into perspective, we decided it was worthwile to loose a bit of money but forget about other hassles like marketing and advertising, showing the property around, chasing estate agents and so on” N. Blasco, New Cross, London
If you want a quick house sale or more information about our services please contact us on freephone number 0800 634 5892