Don’t give up! – Henry Pryor’s Blog

Buying a new home has the reputation for being as much fun as bereavement or relationship breakdown. Having to deal with huge amounts of money, people letting you down, having to do much of the work yourself and the nagging worry of Brexit or of a Corbyn-led government makes many people consider renting or just staying put.

But courage, there is a market and for many people it may be the best market we’ve had for years.  Make no mistake, selling at present isn’t easy. Put your home on the market today and you have a 14% chance of selling it by Christmas and still only a 50:50 chance if you leave it on the market until Christmas next year! If you search for £1m+ listing on Rightmove today it will return 13k in London and 23k across the whole of the UK. The latest numbers we have for sales in October of £1m+ homes in London is 240 and across the country less than 400! That’s how hard it is. However, there is a market and what impacts on your sale will also effect the home you come to buy. Last month, 100k homes sold in total across the UK, less than sold in October 2007 (125,000 if you want to know) but exactly the long term average since. If you get properly prepared, get the money together, a mortgage agreement in principal if you need to borrow, retain a solicitor who will open a file for you and if you can find a good looking, amusing and good value buying agent you may find the buying experience is actually enjoyable!

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