How to speed up the sale of your property as house prices slow – it’s always a “good time to sell”

Good Morning Britain: Panelists discuss Queen putting royal property on airbnb

The real estate market has defied the odds to collapse despite the skyrocketing cost of living and the widening disparity between price and affordability. While many Britons “caught in” inflated property prices during the sale, others were unfairly shut out of the market by cash buyers and bidders with large deposits. A record price drop may be good news for some, but is it still a good time to buy or sell property in the UK? spoke to property expert and professional property buyer Jonathon Rolande to find out exactly why he thinks now is still a great time for those looking to move, and how to speed up the sale of your home.

Even since the onset of the pandemic, the housing market has shown resilience and even continued to thrive, despite growing economic uncertainty.

According to the latest Halifax House Price Index, the average UK house price has now reached a record high of £294,260,

Jonathan Rolande of House Buy Fast said: “Despite the slowdown in price growth, this is still a tale of two real estate markets.

“On the one hand, there are those who are already owners and who are moving or completing their rental portfolio.

“On the other hand, there are those who, despite slightly suppressed prices, find it difficult to secure a mortgage, down payment or both.”

READ MORE: “Worrying!” Mortgage pain as thousands are thrown into higher rates

How to speed up the sale of your property as house prices slow – it’s always a “good time to sell” (Image: GETTY)

map of the best value property in the UK

eman should stay high as christmas approaches (Photo: L’EXPRESS)

He added that while the cost-of-living crisis was also deepening this disparity, the Prime Minister’s recent announcement of a two-year energy price cap has “given hope” to those hoping to move.

On September 8, 2022, Liz Truss announced that a typical household in Britain would pay no more than £2,500 a year on energy bills until October 2024 under a new government guarantee.

Jonathon noted that this announcement, coupled with continued high demand for properties, is enough to keep the market afloat.

He added that this is particularly true for the current period, which usually sees more people rushing to move after the summer, but before Christmas.

People shake hands to agree on the sale of the house

Higher mortgage interest rates and cautious lenders could still impact buyers (Image: GETTY)

Jonathan said: “The impact of higher increases jeopardized so many facets of the economy that it was almost impossible to overstate the terrible consequences there could have been – bankruptcies, unemployment, rising inflation, collapsing real estate prices – anything was very possible.

“Bills and inflation always look poised to rise. Interest rates may well follow suit. But the edge of the cliff has, for now, been avoided.

“Businesses and owners now have certainty about their budget and can plan accordingly.”

While this reassurance is positive for people still wanting to move, the strong demand for real estate services is lengthening the lead times a bit and could get worse as Christmas approaches.

Four “effective” tips to “permanently” keep spiders away from your home [EXPERT]
The quiet life of Johnathan Ross in his original Hampstead home [INSIGHT]
Four effective tips for deterring flies in homes – “the best repellent of all” [TIPS]

Are you looking for a new home or just want a look? Add your postal code below or visit InYourArea

property for sale sign

Energy cap pricing hailed by property experts (Image: GETTY)

How to speed up the sale of your home

To get things done quickly before further hikes in inflation and interest rates take place, Jonathan urged Britons to do all they can to get ahead.

He explained that “preparation is key” to speeding up the moving process, and that it can begin even before you find a buyer or find a new home.

Jonathon said: “Buyers and sellers alike should have lawyers ready ahead of time so things like identity checks and deposits can be done on time to avoid delays later.

“Sellers can also prepare property information sheets, find warranties for a new boiler or loft insulation, which often take a little time to locate.

“Of course, buyers must have the mortgage in place and have proof of funds to show real estate agents, lawyers and even the seller of the property that they are serious and genuine.”

Booking surveys quickly and having no sales chain are also great ways to reduce turnaround time.

When it comes to finalizing a buyer, paying attention to the presentation of your home is also crucial.

Sleek decor and a tidy space are both essential, although Jonathon also noted the importance of lighting.

He explained that during the dark and cold months, it can be more difficult to find a buyer due to the dark lighting.

However, plenty of outdoor lamps and lights are a great way to overcome this hurdle and really sell your home.

Jonathan added: “Paying attention to energy efficiency and your EPC rating is also a good idea in the current climate.

“Using smart meters, up-to-date appliances, and sharing your views on how cheap or efficient your home is is guaranteed to encourage buyers.”

Comments are closed.