New Year, New Market.
As I write we are about three weeks into 2017 and it is still way too early to call how things will pan out. We are all working hard to increase our stock levels at all prices brackets . The real skill to this job is to get property on the books at levels they can be sold. Our position, contacts and longevity in the Marylebone & Mayfair Market ensure that our clients usually take our advice on pricing and this can be crucial to achieve a successful sale.
The big things on our radar at the moment are currency levels, interest rates, political stability here as well as further afield, Section 50, Hard or Soft and so on. Not all these things are negative as crisis and opportunity are opposite sides of the same coin, but uncertainty is never welcome.
I have been advising about how sellers should approach the current market and it is useful to think, at least in part, like a buyer.
No longer can buyers be encouraged to offer on the basis that prices will be higher in a month’s time and so pricing is key.
Equally important is presentation. Buyers need to like the property and see themselves living there. Most small Buy-to-Let investors keep in mind that one day they may use the flat themselves.
Get the right advice and listen to it. Pricing is not an exact science and national trends have little to do with what is happening here and now, but with the right and experienced advice the process should be a whole lot easier.
One thing is for certain, we are looking forward to the next few months as 2017 gets into its stride. Please do call me if you would like to discuss any aspect of the current market or are thinking that now is the time to sell. I will be delighted to hear from you.
0207 467 5770