Is now a good time to buy or sell a home?

Is now a good time to buy or sell a home?

If you are buying and selling a home, the ideal market is really one which is falling for a short period of time. This means you may sell the property you own for less, but you should save more on the one you purchase, so you benefit financially.

Typically though, for anyone buying or selling, it doesn't really matter too much what's happening market wise. When prices are going up, it's easier to sell your property and although you may have to pay out more for the larger property you are buying, you still get to move and over the long term, will benefit as prices rise. If prices are falling you also do well as you sell your property for 10% less than it was previously worth, for example a £150,000 home sells now for £135,000.


FOLLOW THIS LINK to decide whether now is a good time to buy and sell!

For Sale and Sold Boards

How to find out what's happening in your local property market

When you want to have a good idea of what's happening in your local market, as long as there are no restrictions in your area, working out how many properties are for sale and sold, and comparing this to historic data can really help.

Counting boards is something which agents often use to measure their own local market share. However it's an incredibly useful way of working out whether it's going to be easy or difficult to buy or sell a property in your market. 


READ MORE for Three steps to work out if it will be easy or difficult to buy or sell a property