Blue Monday Is Coming: Try Our Survival Plan
- The (usually gloomy) weather at this time of year.
- Debts hanging over us, exacerbated by Christmas spending.
- The fact that the feel-good mood of the festive season is now a distant memory.
Many homeowners worry about under-pricing their property, fearing they'll lose out financially. However, the real financial drain often comes from a slow sale, a factor frequently overlooked. Let's explore why a prolonged selling process can cost you far more.
Setting the right asking price for your home is crucial for a successful sale. It is not just about what you hope to achieve, but what the market genuinely supports. Understanding local market data is key to getting this right.
In early 2023, property forecasters predicted a significant UK housing downturn over the next two years, citing rising interest rates following Liz Truss's departure. Halifax expected an 8% drop, Savills predicted a 10% drop, and Nomura Bank forecast up to a 15% drop.
Deciding to sell your home is a significant step, and we understand you've chosen an estate agent to guide you. We wish you the very best on your journey and want to offer a clear overview of what comes next.