Two extraordinary pieces of news that were almost completely buried underneath a blanket of snow over the last week – interest rates down ANOTHER 1% and the Halifax reporting a an INCREASE in house prices.
In 2006 and 2007 as we came ever closer to a housing bubble burst, we were consistently faced with competitive counter-bidders against our clients looking to pay more than we thought sensible. I looked to hedge by betting the property market short, but there were no indices used by any of the exchanges that seemed to bear any relation to the ACTUAL market.
The Halifax figures, as they themselves were good enough to admit, are a blip. Prices have dropped and those houses that reflect an idea of the NEW values are being bought and sold – and that has to be 30-35% off the peak of 2007.
In our market appraisal tool bag, we are using a new index of value – how much would it cost to build this house? When that figure (not including the land) is more than the asking price it makes you think.
The market has shown definite signs of life – but only the faintest of blips. House are selling at all levels of the market, but only in limited to numbers to those people who have to move, can move or want to bag a bargain. The majority market remains sat on it’s hands.
It is very difficult for may people to have any idea what to do. They are faced with a fog of financial, employment and political uncertainty – all of which lead to inactivity and stagnation.
If you are thinking of buying a property for investment purposes, or just swapping homes, now is the time to take walk into the mist. Look at houses, check your finances and talk to professionals who are in the market all day – we can’t guarantee total clarity, but we can give you a guiding hand over a landscape we know well.
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Help and advice on buying property in Corby, Kettering, and Wellingborough and the surrounding villages The area in and around Corby, Kettering, and Wellingborough is a stunning part of the secret shire of Northamptonshire. Brimming with history and surrounded by spectacular countryside, you can get a lot for your money house-wise,...
Help and advice on buying property in Daventry and the surrounding villages Daventry is a small market town set to the west of Northamptonshire. The historic heart of the town is in a conservation area and several of the buildings along the high street and its offshoots date back to the...
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When making probably the most important financial decision of your life, it pays to have the right advisors at your side.
Retirement or semi-retirement is an exciting stage in life. Finding the right home to live in and enjoy it to the full is important. We know that and will do all that we can to understand what you’re looking for… before starting to search. And search we will, until we find the house of your dreams.
Relocating is time consuming and stressful. We regularly work with clients who live abroad. We hunt, short-list, prepare your viewings, and make the search process as easy as possible. We oversee the negotiations, manage the conveyancing, and deal with the headaches, so you can concentrate on other aspects of your move.
A holiday home is often an interesting mix of investment and heartfelt connection. You want to use it, but you may well also be keen for others to use it too. We can advise you on what factors to consider in making your decision. And we can then find the perfect holiday home for you to enjoy.
Others say, ‘location, location, location’. We say, ‘location, purpose, price, capital growth, rental returns’… the list goes on. Knowing the market is critical. Local knowledge is key. We ensure all aspects of your investment decision are addressed. Finding, analysing, negotiating, and completing… it’s what we do.
“You showed fantastic attention to detail, anticipated all eventualities, and provided timely and practical help and guidance every step of the way. Above all, you supported me in making my own considered decisions, and I am so grateful to you for all your help in getting me to where I am now!”
“We firmly believe that without Rachel and her skilled negotiation we would not have secured the property.”
“We felt they genuinely wanted to help.”
“Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before.”
“It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting.”
“Encouraging me to think creatively about what could work for me.”
“Finding a plot not yet on the market and persuading the developer to enter into an exclusive contract with me to build to my specification.“
“I was impressed by the efficient, kind and courteous service provided by Stacks”
“Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations“
“You gave a much-valued ‘younger’ perspective on our situation, which was a real asset”
“We found the service extremely helpful and professional at all times”
“I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future.”