I have read in the papers that property prices are falling. I want to sell now but should I wait?
This will depend entirely on your circumstances and desire to sell. There are often facts and figures quoted in the press about the general housing market but what you must remember is that most property markets are localised to a particular area and even more so in London where trends and statistics are often very different from those for the rest of the UK. It is a good idea to do some of your own research, look at property websites such as Zoopla or Rightmove which give you statistics on areas and particular properties.
Invite a knowledgable local estate agent to come in and talk you through the current market in your area and give you an idea of what similar properties are selling for and what yours could be worth in todays market. Estate agents have extensive knowledge about the area and property values and will be able to answer any questions you have.
2nd June 2015
DISCLAIMER: Neither ludlowthompson nor their ‘experts’ take any responsibility for any action or loss incurred by readers of these pages. The reader acts on advice at their own risk. Answers to questions are not exhaustive. Financial advice must always be sought from a professional financial adviser
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