By Nick Taylor, of Hadley Taylor in Norwich
Don’t delay selling, assuming that the Conservatives will abolish home information packs. There is no doubt that the cost of the packs has deterred some sellers from placing their houses on the market. Although Cameron has pledged to abolish this rather odious piece of legislation, in practice new governments are always reluctant to reverse the mistakes of previous administrations and besides the Conservatives will be rather too focussed on emergency austerity measures to pay too much attention to pre-election pledges. So expect HIP’s to go or to change format, but don’t hold your breath, it could take until the end of the first term for them to disappear altogether.
What with vat due to return to 17.5% and the entry level for stamp duty due to return to £150,000 at the end of the year, the next three months would appear to be a much welcomed window of opportunity for both buyers and sellers.
So don’t be shy, the property market is hungry for homes of any type that are properly priced and located in good residential areas. Picking an estate agent should be easier too because there are fewer of us!
Nick’s on 01603 250248.