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7th January 2021
The month of January is usually a time when plans are made and thoughts turn to the future. After a year like 2020 it's no surprise that most of us are even more interested in making sure the New Year is a time of new beginnings and new experiences.
Even though we're still in the middle of various
restrictions and adaptations that are affecting normal day to day life, the
property market is still allowed to remain open. More than that, everyone needs
something to look forward to and for some that means putting plans to move home
into action.
Higher value
House prices in the UK rose by 7.5% in 2020 according to the latest Nationwide figures, something that few might have predicted back in March when the first lockdown was put in place.
Pent up demand, availability of mortgages and low interest
rates all played a part in making the highest growth rate in property prices
for six years. With the year ahead looking uncertain in many ways, it means
that right now is probably the best time to try and make the most of how much
your property is worth.
Sell now
One of the basic laws of trading on financial markets is to sell when prices are high, making the most of the profit that your original investment has built up over time.
Most of us don't think of our homes as being a financial investment in terms of making money, but if you do sell at the right moment it can mean a big tax free financial windfall comes your way, and this is particularly true if you are thinking of downsizing.
With 2021 forecasts expecting unemployment to increase and the possibility of interest rate rises being needed to fight inflationary pressures, sellers are perfectly positioned right now to make the most of a move.
New Year's resolutions
Sometimes it easy to put things off and thoughts of moving house can seem daunting in the colder months. However, waiting until the lighter days of Spring might mean that you miss out on the current market conditions which are making things perfect for selling your property.
Although timing is important, choosing the right estate agent is key to making sure you get the best price for your home. At Maslen we pride ourselves on giving you accurate, honest and achievable valuations - we never inflate a figure just to try and get business.
Sadly many of our competitors do this, giving false hope and then advising a reduction in price when a property doesn't sell. By that time the damage is often done, with your home looking 'stale' to potential buyers and the market having moving on.
So to make the most of the current opportunities to maximise the value of your home get in touch with us today and we'll get you moving!