Monthly Archives: December, 2016

2017…A Happy New Year?

 

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What Will 2017 Bring?

Many of us will be glad to see the back of 2016 – but is 2017 going to be any better?

There’s been a lot of expert comment already on the prospects for the property market over the coming 12 months.

Some would have it that it’s not going to be a good year. They’ll tell you, post-Brexit, all we’ve really seen so far is a Phoney War. There hasn’t been the kind of economic meltdown some predicted largely because the Government is still dithering on how to get us out of Europe and the full picture won’t become clear until the process actually begins. Until then, house prices will probably just plateau before the Brexit crisis proper bites later in the year.

Others will tell you to ensure you’re braced for a hike in interest rates and an evaporation of the generous mortgages deals lenders have been offering to stimulate the market and to prevent it from flat-lining.

There are still others who suggest The Donald’s election will mean four years of global turmoil which is bound to stymie spending worldwide – an age when few are going to have the confidence to make significant decisions which could affect their income.

But, in reality, what we need to remember is that neither the doomsayers, nor indeed the eternal Brexit optimists like the Daily Express, are dealing in fact. They’re dealing in conjecture and opinion and, although it may be well-informed, there are no cast-iron guarantees. If nothing else, the polls ahead of the UK’s referendum vote and the US election should have told us that.

After all, a year ago, pundits were confidently predicting homes in Britain would be worth 20% more by 2020. Property was a sure-fire investment and, if you had a pension due to mature, the best thing you could do would be to cash it in and join the buy-to-let set – and be quick about it.

Just 12 short months later and the growth predictions offered by the same sources are a lot lower and buy-to-let is being touted as attractive as a pay-day loan.

And that’s the point. There are no certainties; there are no sure-fire winners. But then there never have been.

None of us knows what’s going to happen over the next 12 months. All we can do is judge events as they happen and determine our best course of action on our instincts just as we always have. Should you be thinking of buying or selling property, we’ll be here and, as ever, we’ll do our very best to advise you – and that advice will be based on the FACTS as we understand them.

Can I sell my house over Christmas?

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A MESSAGE FOR CHRISTMAS

If you’re a regular reader of our blog, you probably know, around this time of year, we’re prone to a bit of a rant about the hackneyed myth that you shouldn’t put your home on the market in the run-up to Christmas.
To be fair, it’s not necessarily other agents who are prone to spreading this unhelpful twaddle any more. It may have been true at one time when people used to do their window shopping by driving around neighbourhoods in their cars looking for For Sale boards or trudging from one high street estate agent office to another with their “dream house wish list” in hand. After all, if it was chucking it down and cold, there probably really was a time when enquiries dried up.
But, these days, it’s like the free Range Rover posts on Facebook or like believing there’s a way others can check if you’ve been stalking their profile…
People just believe what they’re told and forget, if you’re looking at property these days, you can side-step all the leg work just by visiting one of the online portals and keying in a few search terms – all from the comfort of your armchair or even on the bus on the way home. You can even check out what homes have been selling for in your chosen area and, with a bit more research, even who has been selling them.
Yes, it is true that there is still a bit of a seasonal downturn as people’s focus turns more towards Christmas. Yes, there has been a more noticeable drop in the amount of new homes coming onto the market in 2016 in the uncertainty caused by the Brexit vote and the election result in America.
But, if you think about it, what does that mean? Does it mean you should shut up shop, hunker down and wait for everyone else to start selling again? With all due respect, if you think that’s the best plan, we’d beg you the have another go…
Fewer homes available means a narrower choice – and buyers with less choice are more likely to act if they see something which is close to what they’re looking for. It’s a well-known selling technique to suggest you’re offering something which might not be available tomorrow – and, at this time of year, with fewer properties coming to market, it’s not just sales patter; it’s the truth.
Put your home on the market today and it is likely to be among a smaller number of properties available. Wait until spring and, guess what? Your home may be among dozens in the same area, which may have an impact on price and how quickly you sell.
Wait until after Christmas? Bah humbug! If you have property to sell, get ye to market – and the sooner the better!

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About esale

eSale  Estate Agents, founded in 2012, bringing a fresh, clear and easy approach to online estate agency in England and Wales. We are a group of professionals with years of experience in helping people sell and buy property.

We have the skills to ensure the correct price is set for your property and we can negotiate the right sale price between buyer and seller.

Additionally, we can arrange accompanied viewings and also see the sale through to completion.

Your property will feature on Rightmove , Zoopla  and Primelocation esale have a wide advertising network, come and join our approach to selling a property, no matter what your property value is.