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When it comes to finding the ideal estate agent to help you sell your home, there is no shortage of options. Every vendor has their own ideas about the support they require, and the ideal agent for one household may not be suitable for someone else. Therefore, you need to put some thought into finding the right agent for your needs but at Austin Property Services, we believe local agents offer advantages online agents cannot provide.
There has been a lot of talk about online agents in recent times, and the fact that these agents offer a low-cost service grabs attention. Selling your home can be expensive and it is understandable that many people are looking for ways to minimise their costs. This is a key reason in why online agents have become very popular of late, but it is important to remember that low cost doesn’t always equate to value for money. In fact, saving money in the short-term using a local agent may lead to you spending more money in the long-term.
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Buyers Are Going To Extremes To Purchase Property
As there is so much competition in the property market, it is no surprise to learn that some buyers are going to extremes to find the property that is right for them. Some of the examples provided by NAEA Propertymark are humorous and detailing the lengths some prospective buyers will go to in order to purchase property, and if you are selling your home, you’d be keen to see buyers as interested as this.
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Pragmatism Required In Local Property MarketSuch is the level of interest in the property market, a great deal of interest is placed on movement or interest. This is perfectly understandable, but it does mean that many people can get carried away. In recent times, there have been many negative predictions for the UK property market, and while times have been difficult, very few people have suffered in the way that experts suggested they would. In fact, the initial figures for 2018, with the Nationwide indicating that property prices have risen, looked promising, and of course, this led to many people believing that the market was on the rise.
At this point, it is best to maintain a level of pragmatism in the property market. Taking figures from various sources suggests that fewer enquiries are being made with estate agents, fewer instructions are being made and that sales are down. However, property prices are still rising, and if you are looking out for an upward trend, there is correlation between the two.
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There are several factors that are worth considering with respect to the UK property market. The price of property will always be the key factor and the number of sales being made is worth looking out for too. However, aspects like mortgage approvals is also important because this can provide insight into the market. If more mortgages are being approved, it indicates that lenders are happy with the market and it creates the platform where prospective buyers can purchase a home.
It is important to review statistics in the right way and to consider what it means. The use of different statistics can often be illuminating. If for example, the number of UK mortgage approvals was rising but the number of property sales was falling, there is obviously an issue between these two states as you would assume if mortgages are being approved that people are going to buy homes.
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One of the biggest issues that many people have had with the property market, outside of the price of property, is the difficulty in making a complaint about poor service or after being treated poorly. Given the importance of the property market and the sums of money involved, it is inevitable that there will be some people who act in a less than satisfactory manner. There is also the fact that there is a lot more at stake with this market, and therefore, there is a need for people to feel as though they can make a complaint in confidence.
Therefore, Government plans to create a single property ombudsman has been welcomed. It is hoped that the ombudsman would have responsibility for a wide range of complaints from inferior quality building work all the way to ensuring landlords offer a high standard of service to tenants. The new body would, under the proposals put forward by the Government, be able to order compensation where it has been found that a complaint is justified.
