Latest News
Don't Panic
"Don't panic" is the message from Loughborough Director, Jason Rowley.
Speaking about the state of the property market, Jason said "We have seen a substantial upturn in viewing activity during the first three months of 2009 and this has resulted in far greater numbers of properties being sold in the first quarter of 2009 than was the case in 2008. Of course most people selling a property intend to buy another and this has produced a greater number of serious buyers in the market place. We also have many more motivated sellers who have already identified properties they would like to buy, a far greater number of motivated purchasers looking at all price ranges, including a large number of ‘buy to let’ investors who have returned to the property market after seeing money in deposit accounts attracting record low levels of interest.
For prospective vendors the key factors are still realistic pricing and ‘do your homework’ – meaning you should browse the market to identify properties you may wish to buy and look at the ‘cost to change’, so if you find a seller willing to sell to you at an attractive price, price your property accordingly and you may be moving sooner than you might have imagined!
The ongoing issue with the property market is that the purchasers at the bottom of the ladder, the all important ‘first time buyers’, are still being scared off by media speculation that the market is in decline and that house prices are continuing to falling. The message I would send to first time buyers is simple: 'don't panic' - there is an unprecedented level of choice out there at the moment with a large numbers of competitively priced, well presented property with motivated sellers.
Also, to retain an element of realism, it must be said that a home purchase – if considered as an investment – must be viewed in the medium to long term. Those who worry about buying a property now and it then being worth a little less in 6-12 months time need to look at the history of the market, as in 5 years time property values will almost certainly have increased in value well over today’s price levels.
Moreover, mortgage lenders are currently more prepared to lend money at attractive low rates to buyers with reasonable deposits, so don't be afraid to make an offer,….. you never know what the answer may be!
Moore & York can offer independent, whole of market mortgage advice, free of charge and would invite anybody considering purchasing property to speak to one of our experienced advisors.
If you wish to have an informal conversation regarding any of the points above please contact your preferred office via email or telephone.
Newly re-fitted Park Lane Offices
Moore & York promote all of our properties through our exclusive membership of the Guild of Professional Estate Agents and are pleased to announce the opening of the Guild's newly re-fitted Property Centre on the prestigious Park Lane in London. All our properties are viewable through the excellent touch screen TV system and customers can even call Moore & York directly at Park Lane via our very own London telephone number. For more information on the Guild of professional Estate Agents click here