FINALLY! COULD IT BE CORRECT? THE HOUSING PRICES HAVE BOTTOMMED OUT?
Friday, June 26th, 2009 Subscribe To Our Feed
The Sell House Fast Company is one of the growing group of specialist companies set up to fulfil the needs of rising numbers of home owners looking for a Quick Property Sale. The Sell House Fast Company puts out a regular appraisal of the state of the property market drawn from numerous indicators, but for the most part based upon real life data of real sale prices achieved. This puts the company in an ideal position to track actual trends in property values and provides a real “hands on” feel for where the market might be headed.
The company buys homes throughout England and Wales at less than market value from owners who need to Sell Property Fast, or anybody just looking for a really Quick Property Sale. The Company then straight away puts the property on the market with an eye to selling at a profit. To ensure profitability the company must precisely judge value on purchase, and then has the immediate opportunity to test that valuation by exposing the property to the market and comparing the actual price achieved with the valuation placed on it on acquisition.
The June 2009 market assessment seems to show property prices at or close to the bottom. The company reported only 13% of houses purchased during 2008 achieving the estimated value, despite all being sold within 4 months of acquisition. The outlook for 2009 is very much improved with all current stock houses listed at above valuation figure and all attracting interest levels consistent with a likely fast sale. All sales completed during 2009 have been within three percent of estimated value demonstrating at least a stabilisation during the early part of the year.
In addition, other indicators are starting to point in the “stabilisation leading to recovery” direction. Both Nationwide and Halifax, the country’s 2 leading mortgage lenders, have reported recent price rise estimates, and lots of estate agents are reporting increased purchase activity. The number of mortgage approvals, whilst still low compared to 2 years ago, are showing steady month on month growth. And finally the anecdotal evidence from many estate agents nationwide shows a return in confidence amongst purchasers. Many purchasers perceive houses at current price levels to be good value for money, and, as long as they can get a mortgage, they are returning to the market faster than new sale instructions.
In the long term property prices should grow in line with the general inflation figure, this is beneficial for everyone: it means that money invested in property is secure, Financial Institutions are confident to lend and first time buyers are still able to afford to get on the home owning ladder.
If you have a property to sell and want to achieve a guaranteed fast sale, and can accept an offer less than market value, then contact any of the specialist Sell House Fast companies. Better still, call a few of them, and compare their offers.
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