Does the New Year hold a move for you?
Filled with the excesses that Christmas brings, we start to look to the New Year. Many of us will task ourselves with a number of resolutions; it’s a brave and tenacious person who sticks to them throughout the year. You may decide to join a gym in a quest to get fit, and we have been getting into shape too at Bidmead Cook. December has seen us exercising hard; we have been stretching our property muscles, as we know that when January hits we will be heading for a sprint.
You may have already made the decision to move in 2017; this could be planned to take place within a certain time frame, or you could be waiting for a few things to fall into place. The festive season will have seen one of the busiest times of year for people searching for a property online. In fact, the first working day of 2016 saw nearly 3 million people hit rightmove in their quest to find a new home.
December indicates that rightmove activity could be the same, if not busier, in January, as the uncertainty of Brexit is overlooked and we just get back to normality. House prices across South Wales and our corner of England have been steadily increasing this year. The average price of a terraced house rose in Wales by 2.5% between October ’15 and October ’16, and in England by 5.7%. There are of course many geographical variations on these figures, but what it does show is that confidence in the market remains.
Experts are predicting that house prices will continue to rise in 2017, but at a slower rate, it is also believed that demand will outstrip supply. “ “Like most forecasters, including the Bank of England, we expect the UK economy to slow modestly next year, which is likely to result in less robust labour market conditions and modestly slower house price growth. We continue to think a small gain is more likely than a decline over 2017 as a whole, since low interest rates are expected to help underpin demand while a shortage of homes on the market will continue to provide support for house prices.”Said Robert Gardner, Nationwide’s chief economist.
But what about the value of your home? It is always advisable to get an up-to-date appraisal on your property to understand its true value in today’s market. There are many factors that are taken into account when we appraise your home. We can also provide you with advice and guidance on how to maximise your home’s potential. We want to help you achieve the highest sales price possible, therefore our clients always welcome any small changes we can suggest to reach this goal.
All our appraisals are free, and you’re not under any pressure to list your property with us, or even to put your home on the market. Taking approximately an hour, we will talk you through our process and ask you to give us a tour of your property. Yes, we could look around ourselves, but if we do have the honour of selling your home for you in the future, it’s beneficial for us to see the property through your eyes. You live in it everyday, and therefore may be able to provide us with those nuggets of special information that may appeal to potential buyers.
After the tour, we will take you through our research on the local area, your property and its competitors, and provide you with an up-to-date predicted sales price. No matter if you’re thinking of selling today or tomorrow, it is important to know the true value of your home so you can plan for your future.
If you have a move planned in 2017, come and speak to your local branch of Bidmead Cook, and we can ensure that your move is a successful and positive one.