BREXIT AND BEYOND
BREXIT AND BEYOND...
So what does the New Year hold in store? . The elephant in the room is, of course, Brexit. Nobody can quite know how this national tumult will affect the property market - or any other markets for that matter.
What we do know is that large numbers of professional landlords are bailing out of the buy-to let sector - deterred less by Brexit than by increased taxation and legislation. Fortunately first time buyers can now benefit from motivated sellers and more choice in a time of low interest rates and high employment.
We know that sellers have a choice. They have a choice of which agent to turn to when it comes to selling. So sellers can expect better service and transparency in future. Over the past few years a number of high-spending online agents have been tempting sellers with extra low fees and a method of-up front payment that promises big results for little cost. We are learning, through plummeting shares and company failures in this sector, that if it sounds too good to be true it probably is too good to be true. At this time of year we are reminded that all that glistens is not gold. The enticingly wrapped socks at Christmas are still socks.
So consider your choices wisely. But also recognise that this is an extraordinary time. Nothing is certain. Don't bank on the killer sale. Do aim for a great purchase. Be realistic. Price, price, price is as important as location, location, location. Don't put your biggest asset in the hands of the inexperienced. Finally, remember the name of the game is moving: selling and/or buying is just a part of that bigger picture.
Nobody quite knows where he or she is in this Brexit year. But at least everyone should know where they want to be - and use an established, professional estate agent to help get them there....