If you are evaluating your finances, and your next move in the housing market, you aren’t not alone. Given the current circumstances, it is no surprise many people seek advice on what to do for the best.
Many people are concerned about rising interest rates
A study by property experts, Property Rescue, spoke to 1,000 UK-based homeowners. Unsurprisingly, the findings showed homeowners are anxious about what is happening in the economy, but more than half are also either angry (28%) or depressed (24%) about the rising prices.
The study showed 21% of property owners are so concerned about their finances, that they might have to sell their home because of increasing mortgage interest rates.
Property Rescue spokesperson, Andrew Landers, comments: “It’s no secret that the UK is currently in the midst of a unique set of financial circumstances. With interest rates and inflation on the up, and the combined impact of the energy and cost of living crises, the UK’s homeowners are under a huge amount of pressure. And sadly, for some, it will inevitably result in the loss of their property. When this happens, the ability to sell your house fast, through a reputable sales management company, can make an enormous difference. Helping homeowners to realise the potential of their property swiftly, alleviating financial strains immediately, without the standard lengthy negotiation period. With the Bank of England predicting a likely recession in early 2023, it may be some time before the UK’s homeowners can contemplate a brighter outlook.”
Steps to sell your home
If you are looking to sell your home, please follow these steps:
Get an appraisal.
The first step in selling your home is to get an appraisal. This will give you an idea of how much your home is worth and help you set a realistic asking price. You can find a qualified appraiser by contacting your local real estate board or searching online.
Prepare your home for sale.
Once you have an idea of how much your home is worth, it’s time to start preparing it for sale. This includes making any necessary repairs or cosmetic upgrades, such as painting, staging, and deep cleaning. You want your home to be in the best possible condition when buyers come to see it.
Find a real estate agent.
If you’re not sure how to go about selling your home, you may want to consider working with a real estate agent. A good agent will be familiar with the local market and can help you market your home effectively and negotiate with buyers on your behalf.
Advertise your home.
Once your home is ready for sale, it’s time to start advertising it to potential buyers. There are a number of ways to do this, including online listings, yard signs, and open houses. You’ll want to make sure that potential buyers are aware of your home and its unique features.
Negotiate with buyers.
Once you receive an offer on your home, it’s time to negotiate with the buyer. This can be a tricky process, but a good real estate agent will be able to help you through it. You’ll want to consider things like price, contingencies, and timing when negotiating with buyers
We are happy to help you at every point of the process.
Contact Williams of Petersfield for all your 2022 housing market needs
At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.