Normal Service is Resumed
It is the height of the
moving season and Nick Churton of Mayfair Office) takes a look at how the property
market is shaping up this spring.
Here we go
again. Double dip. What will the property market do
now? When will it ever get back to normal?
Well, the mortgage
lenders are still being difficult and the conveyancers seem to be
taking forever to process sales. Buyers are being especially
choosy and, bizarrely, some are even letting the internet influence
what they should pay for a property rather than the market.
Some sellers still think it is 2006 with prices to match.
Surveyors are ever more cautious.
These are everyday
issues that affect all those involved in buying and selling
property. Plus there are the other annoyances like Stamp Duty
changes, and confused and conflicting reports made by industry
‘insiders’ in the press.
What should a
sensible buyer or seller do? The answer is to forget all of
the above and get on with your move.
If you wait for
things to get back to normal you will wait forever because there is
no normal in property. We are where we are now.
Tomorrow may be better or it may be worse. But who really
knows. So make the most of it now and move on.
Don’t look back.
There may be ups
and there will certainly be downs along the way. But the best
advice from the people who understand the property market most of
all – estate agents - is don’t wait for things to get
back to normal. This is normal, or as normal as it gets.
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