Could Today’s Market Give You More Buying Power?

If you’ve been thinking about moving home, you may have seen headlines about asking prices softening. While falling prices don’t tell the whole story, they do point to greater bargaining power.

The summer traditionally sees property prices rise, but so far average asking prices have fallen. That’s a sign that sellers are becoming more realistic and buyers are taking a little more control.

So, what does that mean for you?

If you’re looking to move home, this could create opportunities. With more competition between sellers and buyers becoming increasingly price conscious, you may find there’s more room for negotiation.

Maybe you’ve been putting off moving because you assumed the numbers wouldn’t stack up. Or maybe you’ve been waiting for the “perfect time”. The reality is that the current market conditions could work in your favour.

The same applies if you’re a first-time buyer. More choice and less pressure can give you time to make informed decisions rather than rushing into a bidding war.

However, property markets vary across the country. What’s happening nationally may not reflect what’s happening in your local area, which is why understanding your own circumstances and the market you’re buying and selling in is so important.

If you’ve been wondering whether now is the right time, get in touch today to start the conversation.

If you’d like to discuss the options available to you, contact your adviser.

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