Why now is the right time to sell
- 20th August 2013
- Selling Property News
The London sales market is seeing strong demand and soaring prices make it a perfect time to sell.
London house prices have increased by 8.1% over the last year, with prices surging to levels higher than before the economic downturn.
First-time buyers, in particular, have returned to the market en masse taking advantage of the warm weather and new government lending schemes to take their first step on to the property ladder.
But despite the hype surrounding rising house prices, it’s important for homeowners to price their homes at the right level.
The risk in overpricing a property is that many potential buyers may be put off, meaning less buyer interest and a slower sale.
By starting with a more realistic price, many sellers have actually sold at a higher final sales price than expected as buyers complete with each other.
Stephen Ludlow, Chairman of ludlowthompson, explains: “With house prices rising and demand stronger than ever, the sales market in London looks particularly good. Homeowners hoping to upgrade can benefit from a quick transaction at a very attractive price by marketing their property now.”
For more information on how to get started and make the most out of your property sale, visit ludlowthompson’s online selling guide.
Homeowners hoping to upgrade can benefit from a quick transaction at a very attractive price by marketing their property now.
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