So, you're thinking of taking the plunge and buying or selling a property? Here's what you need to do.
* Make sure you buy at a 20-30% discount of the REAL value. See the Designs On Property website for more on their Valuation Service.
* Buy a property that there will be demand for in 10 years time.
* Buy a property that will cover your costs over the next 10 years through renting.
However, it’s still not a great time to buy and renovate a property and sell it on, but it is a good time to buy land, hold for a few months and then build a property, ideally tying up a buyer as soon as your plans are prepared.
Think seriously about it as now could be the best time ever. The 10-20% premium the new builds usually charge over secondhand homes has gone. Prices have dropped on houses, if not all flats, probably as much as they can and most developers are happy with their current sales. See Designs On Property's New Build Survey
Two things to try. First of all, if you are trading up and are happy to buy new build, then see if you can do a deal with them under a Part Exchange Scheme. If you don’t qualify or don’t want a new build, then make sure your property is being sold by the right agent and priced competitively versus others. If there are four similar properties for sale, one at £205,000; one at £199,000; one at £195,000 and one at £190,000 then the lower priced properties will sell first. Struggling to sell your home and want an independent but professional valuation, then email enquiries@designsonproperty.co.uk.
Buying Property: advice, info and the latest news
Selling Your Home: how to, costs, advice and information
House Prices: the latest news
Housing Market News & Views: the very latest on what's happening
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