As the year draws to an end, the housing market finds itself in a far better condition that when the year started! The prospects for the coming year look favourable as buyers continue to return to the market. Prices have stabilised after a significant drop, and the availability of mortgages continues to improve. The general shortage of new instructions continues to prevent any further price falls, and we have recently noticed a slight increase in the price prospective purchasers are willing to pay.
We are now selling the majority of our instructions within 96% to 100% of the asking price, and within 4 to 6 weeks of being instructed. Our best advice is to market your home at the correct value and expect to accept a sensible offer against the price, a discount should be considered for a strong proceedable buyer, and never rule out the option of selling chain free to encourage buyers to your home.
If you are considering marketing your house early next year, put some thought to having the details and your photos taken now (before the Christmas tree goes up) apply for your Home Information Pack and then sit back and enjoy the festive season. Your home can then be marketed and advertised the first week in January and catch the buyers out and about in the New Year, beating the rush in the process.
This will be the last of our Blogs of 2009 and therefore we would like to wish all the Comet readers a very Merry Christmas and a Happy and Prosperous New Year.
Duncan Price, Branch Manager, Putterills of Hertfordshire