How Best to Sell Your Home With Many Houses For Sale in London
The city of London is a vibrant, multi-cultural metropolis that is currently experiencing a renaissance in more ways than one. Not only is it home to a highly successful financial services industry, its rich history and cultural traditions recently made it the most visited city in the world. People from all over the world are moving to London in order to invest in property, work and enjoy a unique way of life, which is resulting in a property boom of unprecedented proportions. If you own property, and you want to sell your house fast in London, now could be the time to cash in.
With pricess for houses for sale in London ever changing, choose a reliable company to sell your home
The property market in London is one of the most stable and profitable in the world, and if you currently own a house in the capital, you might be sitting on significant wealth. The number of houses for sale in London is rising as are house prices throughout the city. With so many investors and international buyers in the market for new property in London, finding a buyer who can proceed with the purchase of your home for a fair market price is not always easy. Thankfully, you can rely on our expert property buying services to secure a quick house sale without the need to negotiate the property market. This means you won’t need to expend time, effort and money marketing your home, dealing with estate agents and managing the process of property viewings.
London as a whole is enjoying a prolonged period of house price rises, but the story isn’t a consistent one. Different boroughs of the capital are faring better than others. Only by understanding the nuances of the London property market will you be able to achieve the highest sale price possible for your house or apartment. There is no substitute for research in this respect, so checking London property data on sites such as The Land Registry, Rightmove and Zoopla is a great idea. These resources will allow you to compare your property with others in the area. The data you can access includes House Price Index information, relevant information on property purchases and historic transaction prices in London. This will give you a rough idea of the current value of your own property.
Who will market your London property?
Whilst the property market in London is thriving, you will still need to market your home in order to garner sufficient interest to provoke an offer. And it is also important to remember that house prices in London won’t continue to rise indefinitely. Indeed, a recent article on the Thisismoney website stated that predictions on house price rises in the capital have been halved in recent months. Banks are still reticent about lending money to house buyers and consumers in the UK, and this is putting the brakes on the property market to a certain extent.
If you have the time, knowledge and inclination, there is nothing stopping you from selling your home without the help of estate agents or property buying specialists. However, this means you will need to deal with a myriad of related tasks, including advertising, legal issues, setting a realistic price, negotiations and the management of property viewings. Of course, London has a plethora of estate agents to choose from, and they can give you instant access to prospective buyers and a network of contacts you wouldn’t have if you were to sell your house privately. While you can trawl the Rightmove website for London estate agents, there is another way to sell your house quickly in London, and it involves calling on the expertise of our property agents.
Sell House Fast Ltd offer a professional, courteous and reliable property buying service in London that takes away much of the stress involved in selling houses on the open market. We are continually scouring the UK property markets for buyers who are in a position to buy your home without delay. These individuals are often investors or people who simply want to avoid delays and uncertainty when purchasing property. Allowing us to buy your home means you won’t have to spend time, money and energy on screening estate agents, dealing with buyers directly and reacting to collapsed property transactions.
What time of year is best for selling property in London?
Opinion on what the best time of year is for selling houses in London is divided. Of course, the property markets of the UK are notoriously difficult to predict with any level of certainty, but there seems to be a consensus – and some supporting evidence – to suggest that the period between New Year and late spring is a great time to sell. While this phenomenon may not be as obvious in London as it is in other parts of the UK, a recent RCIS study discovered that the single biggest monthly house price increase during the last 18 months was in February 2014.
It is worth bearing in mind that the changing seasons often mean changing priorities and mind-sets amongst property buyers. There are some seasonal house selling strategies to bear in mind, which include different ways of staging your home, changes to your target market and ways in which you can influence purchasing decisions.
London has several different property markets within it
Before you start to get too excited about the prospect of steeply rising house prices in London, it is important to realise that different boroughs of the capital are experiencing varying price fluctuations within their localised property markets. One of the big success stories of the London property market has been the rise of Hackney as a desirable neighbourhood for house buying. Prices in the area rose by more than 20 percent in 2013 alone, and they are expected to rise steadily for at least the next three years. Other neighbourhoods to enjoy annual house price rises of more than 20 percent include Waltham Forest and the City. Boroughs showing double-digit growth and continuing promise for the next decade include Westminster, Hammersmith, Southwark and Wandsworth. However, the Bank of England recently received new powers to curb inflationary house price growth in the UK, so you should expect to see a significant slowing of growth during the next few years.
London as a whole is enjoying the fastest rate of house price growth in the EU. According to official statistics from the Land Registry, house prices rose by an average of 14 percent across the city in 2013, and the average price of a London property was calculated at £414,000 in February
- Despite this huge figure, however, it is still possible to find average house price values that are below the threshold for stamp duty – currently £250,000. They include Bexley, Newham and Dagenham, but they too are expected to be affected by the London property bubble very soon. If you want to realise the cash potential of your property whilst the market in London is on the crest of a wave, we can find you a buyer with the minimum of fuss, and you may be able to secure an offer of 100 percent of your house’s current market value.
What determines house prices in London?
London has to be regarded as a separate property market from the rest of the UK. Although the country is still in recovery mode after the crash of 2008, London is experiencing unprecedented growth in both its overall economy and its house prices. There is no single reason for this success, rather a series of factors that have combined to drive prices upwards. Houses in the capital often rise in value steeply when the economy is thriving, and that has certainly been the case since 2012. Unemployment in London also has a direct impact on average property valuations, and consumer confidence means people are willing to take risks and higher levels of debt.
Before the banking crash of 2008, periods of deep uncertainty within the banking industry usually meant stagnating house prices. This was due to the fact that major banks were far less likely to approve the average mortgage application. Whilst this is still true, the burgeoning demand from overseas buyers is filling the gap left by British buyers. It is also worth noting that, in normal economic circumstances, low interest rates translate to more house sales and higher prices – something that hasn’t happened outside London since 2008 despite record-low interest rates.
The supply of homes in London has been a real political hot potato in recent years. According to The Guardian, the capital’s growing economy and population requires 14,000 homes per year if demand is to be satisfied. Unfortunately, the actual number of homes being built is less than half that amount, and the subsequent lack of supply is creating an upwards pressure on London house prices. This lack of new and affordable homes is a scenario that is being experienced in regional property markets throughout Britain.
The major attractions and historic sites of London
London now enjoys its rightful place as one of the world’s wealthiest and most vibrant capital cities. Its rising skyline and its eclectic mix of architectural styles gives the city a unique look of its own, which is one of the reasons why more people visited London in 2013 than any other city on earth. From the historic landmarks of the city such as Buckingham Palace and St Paul’s Cathedral to the breathtaking Shard skyscraper, this city is filled with unmistakable buildings.
London was given a stage on which to shine in 2012, when it hosted a hugely successful Olympic Games. A huge swathe of East London was transformed as part of the Olympic development, which had a knock-on effect on house prices in the surrounding neighbourhoods. The success of the Games was one of the reasons for the sudden upsurge in visitor numbers in 2013, and it proves that London is a dynamic, modern city that still has its cultural roots still very much in the past.
Getting around London to visit landmarks such as the London Eye, The West End, The Palace of Westminster and The Tower of London is easy, as the capital enjoys one of the most comprehensive and reliable public transport networks in the world – The Tube. This underground and overground network of trains covers the entire city and metropolitan area, and it’s a great way of reaching all of
And if you want to release the value in your home without delay – and without the stress and uncertainty of the open property market – we can buy your home quickly.
It doesn’t matter what type of property you currently own, we buy any house, and if we don’t then we can still find a cash buyer who is ready to proceed with a purchase today. We deal in everything from studio apartments to palatial mansions. Our market leading services mean you don’t need to navigate the stresses and strains of the London property market. We have working relationships with investors and cash buyers throughout the capital and the south east, so if you want to sell your house quick in London, we can make it happen. Instead of relying on factors that are out of your control when selling your home, let us lift the burden from your shoulders, so you can start planning your next move in confidence.
We have access to property buyers throughout London – many of whom are ready with the cash needed to purchase your home today. The offers we achieve can be as much as 95 to 100% percent of current market value, so if you want to sell your property fast and with the minimum fuss, we are here to Call Sell House Fast Ltd, trusted property buyers, on 020 7859 4596 or complete the form for an instant quote.