How to sell your house in the credit crunch

by metafocus 20. November 2008 15:24

If we were all to take note of the constant doom and gloom in the current financial situation of the UK, I’m sure that no-one would even leave the house for fear of losing money or at best – to save money! However, with the inevitable cycle of boom and decline there are some good things to be aware of…or are there?

Reading a current online article about UK house prices crash, I was reflecting on the housing boom period that was fuelled by such programmes as Property Ladder or Location, Location, Location. Since we have all been told about the housing market being as safe as ‘houses’ and that the market could not crash, it comes as no surprise that we don’t see these programmes at the moment. 

But this is not all doom and gloom. Reading another article on the BBC it was reassuring to see that property sales rose in October for the second month in a row according to the National Association of Estate Agents (NAEA). This means that sellers were being more realistic with their asking prices stimulating the market to buy.

As people have realised that they need to cut prices in order to sell it now becomes evident that the sellers no longer hold all the aces. People are looking for better prices and this requires the selling price to fall – below what they wouldn’t have considered a year ago. As saving money in on everyone’s mind there are other ways of getting around the reduction in house prices.

Taking control of your finances and reducing the costs is a winning way. With the mounting Estate Agent fees together with HIPs and stamp duty, the reduction in the selling price makes things really tight. However, there is one way to reduce these costs – sell your house privately.

By listing your own house without an estate agent you can manage the costs of advertising as well as the overall selling price. Imagine removing all the heartache of finding the right estate agent and deciding on the right selling price? Selling your own home can be a stressful experience and using the service UKHousing.com provide can make this simple and save you thousands. With 70% of house hunters going online to look for a property what better way to make the most of the current market and sell your house privately?

Why not think about how much you can save if you sell your own house and balance out the reduced selling price? Its simple and UKHousing.com can help.

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Credit Crunch

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