As we start 2012, we are buoyed by the prospect of a superb London Olympics in the summer and a desire to see the feel-good factor return.
Our athletes will have to risk all if they are to win medals.
And, equally, in terms of the housing market, it will be a year of opportunity for the brave.
I expect we’ll see a very similar pattern to 2011 with difficult trading conditions. The banks say they’re open for business, but in reality are still not advancing anywhere near the volume of loans to allow us to even consider using the word recovery. With household incomes squeezed and jobs less secure, many people will opt to put their plans for moving on hold for yet another year.
However, there will always be a “core” market led by those who have to sell – the result of death, divorce and debt. Add to that job relocations and moving for better schooling and there you find a good grounding for determined buyers and sellers.
Sellers will need to present their houses well, appoint a motivated and professional agent and most importantly of all ensure that the asking price is sensibly set. I see little prospect that prices will increase for the next two to three years so, if you have been holding on with the prospect of selling at a higher price, don’t get your hopes up.
If you sell for less than you’d hope, you can realistically look to buy for less too. I talk to many potential sellers who have been debating a move for years and it is extraordinary how they all say how draining it is constantly keeping an eye on the market and wondering whether now is the right time.
This could be your opportunity to grasp the nettle – wouldn’t the children love to be setting up their own mini Olympics in your new garden in time for the big event in July?
If you would like some advice, please call Tom Dennes in the Stratford-upon-Avon office on 01789 294444. All advice is provided without obligation and charge and arranged at a time to suit you, all totally confidential.