I’m hearing a lot at the moment about people wanting to purchase below market value properties. Of Course, everybody would want to buy something under market value, however here are some facts that may make your view of these so-called properties change.
Interest rates dropped to all time low
The Bank of England have dropped interest rates to an all time low of 0.25%
So what does that mean to you and me? Well it means that there will be a little bit more money in people’s pockets and borrowing money is a bit cheaper. We have been stable at a half percent interest rate for around seven years now and lets face it it, it is not any major surprise that the Bank of England has done this….
House price growth this year
According to the newly released Rightmove monthly statistics, East of England is still the most successful district within the UK for Price growth in 2016. The annual change so far this year has been an increase of 7.3% showing an average price with the East Anglia area of £336,000
What to look for on a viewing
It all starts with location. You are obviously happy with this location and postcode otherwise your search would not have bought you to this designation. However, it will be important to find out if there are any other major developments happening nearby which will effect traffic flow as well as the potential for development close by to the property boundaries. Information such as this can be found on the Local Authority website.
Presentation Matters
We pride ourselves on the best presentation. Below you will see the difference presentation can make to a sale. On the left are the photos of one of our competition, then on the right you can see how we presented the same property. The other agent had a 3 week head start on us, however, we sold the house to a buyer who was really […]
How Important Is Parking?
How important is parking In my opinion parking is almost essential. I say almost because there are some circumstances in the city centre where there are investors purchasing to rent and it will not be so important. The rest of the time it is essential. Even if you don’t drive and don’t own a car you must consider re-sale and your potential purchaser will likely […]
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