Desperate Lack of Stock

It is not our job to advise sellers of property – that is the work of the estate agents.  But we have been banging on all year to whoever would listen that, against the odds, 2009 would be a good year to sell a property.

I am afraid that too few have listened.  There was been a wide-spread belief that the market had collapsed and vendors would only be offered fire-sale prices.  That was true over the winter of 2008-2009, but not for the rest of this year.  There has been reasonable trade – it is reckoned that about 60-70% of the average number of house sales will go through over 2009 - not bad when you consider that the market was operating at about 10% of usual volumes in the first quarter.

But way too many vendors and buyers have sat on their hands and done nothing – and both are missing opportunities.  The market is so short of properties in many parts that prices are actually rising; this is absurd and a bubble that will soften.  But it will only deflate to the post-Peak levels that are clearly reasonable and measured.

You can’t buy, if you haven’t sold - and there are great deals out here.  So, if you are looking to make the most of a stable market and move on with your life, call us or call your estate agent and get your house on the market.  (And if your agent advises you to wait until the Spring, make sure that there is a very, very good reason).