The housing recovery is well under way. Property prices in many parts of the UK are now equal to the highest ever values recorded in 2007 and few parts of the UK are even higher. Almost all forecasters are predicting further growth for the next 5 years plus.
Rightmove are forecasting an 8% increase in average house prices in 2014. There will be some areas with house price growth well in excess of 10% in 2014.
So is now a good time to sell your home? Read the Halifax Housing Market Confidence Tracker
If your situation requires you to move and sell your home I suggest you consider what options are open to you before selling your home.
Some of the questions you could ask are:
1. What is the real value of my home
2. How much equity do I have
3. Are there any mortgage redemption charges
4. Do I believe house prices will continue to grow
5. Do I understand how some properties make investors an income
6. Are there any tax incentives if I keep the property and sell in the future when the value has increased
7. Where can I get reliable honest advice
As a seasoned investor; portfolio developer and manager I would urge everyone considering selling their home to find their local ARLA (Association of Residential Letting Agents) letting agent and speak to that agents recommended financial services expert for wealth advice.
Once you are informed you will be in a better position to decide what is best for you; your family and your future plans. You should not expect to have to pay for this advice.
Our Let to Buy specialists are:
Cambridge georgina.gray@belvoirlettings.com 01223 352225
Peterborough luke.clarke@belvoirlettings.com 01733 321500
Free Sale Advice and Buy to Let Advice
Terry Lucking is the owner and director of Belvoir Peterborough. Terry is proud to have worked in the private rented sector for close to 15 years with thousands of landlords and tenants.
Terry and his team would be pleased to receive calls or emails from landlords considering selling a property with a tenant in situ. They would also be pleased to receive calls from prospective investors.
Belvoir Peterborough is an accredited and regulated letting agency. They are members of ARLA, Safe agent, Safeagent and the Property Ombudsman. One of the requirements for membership of ARLA and Safe Agent is to have Client Money Protection and all client monies independently audited and accounted for annually.
This article was prepared and written by Terry Lucking owner of Belvoir Lettings Peterborough and Cambridge.
For more information or to ask Terry a question call 07801 865780 or send an email to terry.lucking@belvoirlettings.com
