How will house sales progress in 2016?
Looking ahead to another new year, many people are wondering how their lives will change over the next 12 months. Homeowners may decide that this is the year to move on and start afresh somewhere new – but will the market make it easy?
House prices are still rapidly increasing beyond the reach of the average would-be buyer, but a leading index has suggested the rate of growth could be softening. Figures from mortgage lender Halifax, for example, revealed some easing in inflation in recent months.
“With house prices already high and growing much faster than wages, we expect price growth to slow markedly during 2016,” said Hansen Lu, a property economist at Capital Economics, quoted by The Week.
This would be good news for UK property buyers – though many are still likely to struggle to afford deposits and obtain mortgages of the level required – but perhaps less promising for sellers. For lots of people, the stress of the house-selling process is eased by the promise of financial rewards; but if they are unlikely to attain the price they really want for their house, they may prefer to avoid the process altogether, even if it means not moving on to the new life they’ve planned.
Some of the ways to avoid the usual hassles of viewings, estate agents and worrying surveys include property auctions, or selling directly to a professional home-buying agency. This means the vendors can enjoy a quick house sale for cash and keep their stress levels lower, which is always a smart resolution at the start of a new year. After all, life is too short for hassle and worry.
Want to avoid stress in 2016 and still sell your house or flat? Ask National Homebuyers for advice, as we buy any home. Call 08000 443 911 or request a call back to find out how much you could get for your property.