Property sales are at their lowest level since 1978, according to the latest figures from the Royal Society of Chartered Surveyors.

Estate agents all over the UK reported property sales down for November – with most selling only 10 properties in the three-month period leading up to the survey – that works out at less than one a week..

Most estate agents reported having large numbers of houses for sale on their books – and the good news that 14% more prospective buyers signing up this quarter than last.

Sales were double the rate at the start of 2008, before the credit crunch started to drive prices down due to buyers facing difficulties in raising mortgages.

“Many are starting to see the current market as an opportunity to purchase a previously unaffordable property despite the worsening economic picture,” said RICS spokesman Jeremy Leaf.

“Unless people feel relatively confident about their job prospects, they’re unlikely to even try to obtain mortgage finance unless of course trading down or seeking to release capital.”

“Sellers still have to accept the inevitable fact that house prices are falling and re-price their property to suit current market conditions.”

“The rise in interest reflects both the drop in asking prices and recent cuts in interest rates.”

The lowest level of sales in the past three months was in London, with just seven homes per estate agent, followed by Wales and East Anglia.

With sales still slumping there has been a continued downward pressure on prices.

RICS found that 76.5% more of its members had seen prices fall locally than rise, only slightly better than the previous months’ negative balance of 81%.

Both the Nationwide and Halifax, two of the UK’s largest mortgage lenders have also recently reported falling house prices in November. The Nationwide index showed prices down at 0.4% and the Halifax down at 2.6%. The variance is due to different sampling methods. 

This article was written by eCommerce Associates for Bank — Accounts and our Finance Blog



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Get in touch now if you are considering a fast house sale. What if you could sell your home in less than four weeks? There would be no need to speak to an estate agent, you wouldn’t have to worry about the sale falling through and you could avoid showing complete strangers around your home. With these advantages, it’s amazing that more people don’t opt to sell a house fast for cash in the UK.

At St Genix Fast House Buyers, we are getting more and more enquiries about our quick property sale service. There are many reasons why our clients want a fast house sale. Sometimes it’s the frustration of waiting for an offer after putting their home on the market. Others need cash loans fast.

What is a fast house sale?

A quick property sale lets you sell your home when it’s most convenient for you. You can take control of handling the problems you face, such as:

Relocation or emigration

Debt

Separation and divorce

Bereavement

Repossession

These are some of the excellent reasons why people ask about a fast house sale. With an open market sale, there are no guarantees. Even after you get an offer, you’re at the mercy of the timetable set by lenders and solicitors. You don’t know when the sale will complete and when you will get your cash.

Can a quick house sale help me?

When St Genix Fast House Buyers handles a sale, the fast house sale process goes like clockwork. It’s very simple, with only a few steps. We want you to be happy with the quick sale process, so ask us for advice and let us answer your questions. When you get in touch, we will ask you for information which will help us to set an initial cash value of your property. After that, we usually arrange to see you at home. That means we can explain the process and you can meet us.

We are proud of our discretion and will even work long distance if you prefer to keep the details of the sale private. However, we work, the sale process if fast. The sale will usually complete within a month, though we can adjust the timetable to suit you.

I need a roof over my head

When you sell to us, you get a bonus. Unlike an open market sale, where you need to vacate the premises on completion day, with us, you can stay at home. Just ask about rent back and you can remain in your home, while paying a rental figure in line with the market. Your expenses will go down, too,



Repossession

My landlord hasn’t been paying the mortgage for the house that we have been renting for a year and a half and we have been paying rent on the house the whole time. It doesnt seem right that he is making money off a property he isnt paying for. Is this against the law?

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Sometimes the situation demands the quick sale of a house. Suppose your job location is shifted and you want to shift your house, but you have got to get out of your house quickly. Under such a situation it becomes a great headache as how to sell the house quickly. Here follows some effective tips to sell your house quickly.

Set the right price Price

The sale of your house will depend on how you set the price. It is a simple math. Set a right price and your house will be sold quickly. If you fail to set the right price, your house will not be sold. See the price is higher than the prices of your neighbouring houses. Set a price that looks attractive and reasonable to buyers. You can also set the price after you consult your agent.

Be flexible and don’t cling to your initial asking price. Suppose the market is slow. In that case you will have to set a price according to the current market price.

Be patient. If you see the market is slow and cool, don’t get frustrated. Wait for the right buyer.

Hire a sales agent

Don’t think that you yourself will be able sell your house quickly. Every field has a sepcialist. In this regar you will also have to take the help of a sepecialist. So, if you want to sell your house quickly you should contact a good agent who has good reputation in this line. Hire someone who is experienced and has worked as agent in your area. Ask your agent for the comments of the previous clients. So, an experienced agent can help you greatly to sell your house quickly.

Offer incentives

In order to make your house more alluring, you can offer incentives to the potential buyers. There are several kinds of incentives. The common incentives are the coverage of the repair cost until a fixed time and closing-cost help etc. You can also think of offering an incentive such as a higher commission to your agent to have a quick result.

Take online help

Another way that can prove very effective is to take help from online. The recent research has shown that the buyers are incresingly taking online help to buy their houses, because it is the simplest way to find out the right houses. The internet has become the rendezvous both for the sellers and buyers of the houses. There are many popular house buying web sites. So, start advirtising in the intrnet, if you want a quick sale of your house.

Refurbish your house

The first look is important. Make your house look attractive by refurbishing it so that the buyers have a good idea about your house. Find out the defects, if any through a minute inspection. If your house looks fresh and in a very tip top condition, certainly your buyers will feel great interest in buying your house. Follow the above mentioned tips, if you want a quick sale of your house.



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