Short supply = Great opportunity3rd October 2013
A year is a long time in the Housing market, and the market has experienced a significant change of characteristics over the last 12 months.
At Jackson Grundy, we have seen a marked increase in the turnover of property through 2013. That said, we are now noticing a significant shortening of supply.
Of course, with short supply comes a great opportunity for those home sellers looking to achieve a sale before Christmas. This opportunity is likely to provide a greater chance of a quick sale, and at a better price, than might have been realised earlier in the year.
There has been a good deal of talk of a looming ‘bubble’ after the 2, 3 or 4 ‘dips’ that we are reported to have been through. As far as ‘bubbles’ and ‘dips’ go within the housing market, these rather opaque terms need not mean that much to the average home owner or buyer. Providing you make sensible, well considered financial judgements, and do not overstretch yourself, then there are no intrinsic reasons why these ‘ups and downs’ will affect your experience of home ownership in any meaningful way. At the present time, we cannot see any reason why it is not a good time to buy or sell.
It has been widely reported that prices are likely to rise next year, therefore a good reason for first time buyers and those renting property to buy now, and given these things are relative, the lack of supply would suggest it is a good time to sell at the moment. You may feel it is in our interest to present the situation in this way, and we would understand you having that opinion, however it is supported by our experiences across all 11 of our Jackson Grundy branches.
So, with all this in mind, why wait until early next year, like a lot of your competition will, before bringing your property to the market?
If you would like to arrange a FREE valuation and consultation from one of our experts, please contact me on 01604 753044 and I will put you in touch with your local office.
Best of luck and kind regards
(17 years experience working in the Property Industry)