Buckinghamshire November Property Market Update
What’s really happened in 2022 to the property market? The answer might shock you! It really has been a year of two halves.
I’ve seen first hand the impact the 'Mini Budget' has had on the property market. Comparing property prices from the beginning of the year to now, we can see how rising inflation and higher interest rates have affected the prices of properties.
Mortgage rates soared in September but now we're starting to see them decline and stabilise, however sadly not to the record lows they once were. Good news is the banks still want to lend money and people still want to buy property. But, what has all of this and the cost of living crisis done to prices? What are properties selling for now?
If you are thinking of selling a property, remember the market is all linked. The more expensive your property becomes, the more expensive the one you’ll be buying becomes. That increasing market place is deemed good?! When the market goes the other way and your property becomes cheaper, well exactly the same is true of the next one you’ll be buying. Isn’t that good news?
We’re now in a "buyers market” where you will have to do everything possible to maximise your selling price. Therefore, this is where marketing becomes really important. When putting your house on the market, you need to as yourself "Does the marketing include a bespoke video of your home? Are the photos good enough? Who is actually doing the selling or the negotiating on your behalf? Do they know their product?".
It's all the little things that can make the biggest difference to your final price.
If you're thinking of selling your Buckinghamshire property, I'd love to help. Get in contact on the details below
07971 955 240
Or if you would like to find out how much your property is worth, use our trusty house price calculator
All the best,
Avocado Bucks Partner