Normal Service is Resumed
It is the height of the moving season and Paul
Bedford of Bedfords takes a look at how the property
market is shaping up this spring.
Here we go again. Double dip. What will the property market do
now? When will it ever get back to normal?
Well, the mortgage lenders are still being difficult and the
conveyancers seem to be taking forever to process sales. Buyers are
being especially choosy and, bizarrely, some are even letting the
internet influence what they should pay for a property rather than
the market. Some sellers still think it is 2006 with prices to
match. Surveyors are ever more cautious.
These are everyday issues that affect all those involved in
buying and selling property. Plus there are the other annoyances
like Stamp Duty changes, and confused and conflicting reports made
by industry ‘insiders’ in the press.
What should a sensible buyer or seller do? The answer is to
forget all of the above and get on with your move.
If you wait for things to get back to normal you will wait
forever because there is no normal in property. We are where we are
now. Tomorrow may be better or it may be worse. But who really
knows. So make the most of it now and move on. Don’t look
There may be ups and there will certainly be downs along the
way. But the best advice from the people who understand the
property market most of all – estate agents - is don’t
wait for things to get back to normal. This is normal, or as normal
as it gets.