Property Good News & Property Bad News

So the bad news is that your property has come down in value over the last year. Now that is bad news. So if you try to sell your home in today’s market some of the equity you have built up over the years has gone. Very bad news.

For some house movers this is not all bad news. If you have a reasonable amount of equity in your home and are looking to move upmarket then this could be very good news for you. Sure you will take a lower offer to sell your house. But the more expensive properties will have dropped in price by a far greater amount.

The relative difference between your sale price and your purchase price has been reduced considerably in the last few months. This allows you to jump up the market and get a better property than you could have before.

Now the doom and gloom merchants are saying that the UK property market is still on a downward trend and will stay that way for another year or so. But old stagers like me have seen this before and we know that in the 5 – 10 year outlook property will regain its value and return a good yield on any investment you make today.

The people who are not so positive are those who are looking for quick returns for their money. You still have the cost of moving with agents fees and removal costs and these are more as a percentage of the sale and purchase price but the projected profits will overtake these extra costs.

For expert UK property information and legal advice on your move you should consult a qualified UK Property Lawyer. They can ensure that the current house price recession is not all bad news for you.

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