January and February are months when people begin to implement changes in their lives to suit their long term goals, moving home, upsizing, downsizing and getting on the housing ladder are all positive things.
If you fit one of those categories now is the time to make a move, stock levels across the region are low, mortgages readily available which means the time that properties stay on the market is reducing so now is the time for action not prevarication. Property portals recorded record levels of website visits during the peak property viewing weeks of the turn of the year.
Now is very much the time to have a chat with a local agent and ask advice on planning, preparation and price.
Planning is key, speaking to a Mortgage Advisor to understand what funds are available and the total cost of moving, preparation in terms of making your property look as good as it can to prospective purchasers and finally a realistic indication of price.
Ask for comparables of what other properties have actually sold for, both in terms of where you’re buying and also where you’re selling. Zoopla highlighted that in 35% of cases the selling price of a property varied by more than 5% form the advertised price.
The market in the North West is seen by many industry experts as being one of the areas of the UK that has the most potential for growth in prices over the next five years. Savills have predicted that prices may raise 18.1% in the North West in the next five years as a result of increasing employment in the major city areas and the impact of HS2.
Rightmove are predicting the UK market will see a rise of 1% as a result in rising prices everywhere except the South East.
We have experts in every area based locally who will help you reach a balanced and realistic decision and will be you every step of the way.
Rob Farnham
CEO
The Venmore Group