More House Buyers Enter Market For First Time In Two Years – But Beware; They Are Mainly Just Bargain Hunters

2008 has seen the largest falls in home prices since records started to be kept for the House Sales UK market. In fact, the typical house in the United Kingdom has lost about £100 of its value every single week thoughout this year. Additionally, the number of finished house Sales transactions is also at an all time low.

However, there is a glimmer of hope on the horizon. The Royal Institute of Chartered Surveyors has recently reported that they’ve found a fourteen percent increase in the number of enquiries being received from possible Home Buyers.

Unfortunately however, it has to be said that now is still not the greatest of times to try to Sell your House, because most of the increase in house sales enquiries can be attributed to those Cash House Buyers who are in the market looking for good deals. So, it seems like the greatest advice to house Owners right now is to hold on to your house if you possibly can, and wait until the real Home Buyers come back into the market in greater numbers.

One exception to this law is if you are in the tricky, but perhaps lucky situation of having to relocate due to a career move. If this is relevant to you, you need to remember that the same market depression is relevant both when you Sell your House, and more crucially, when you are buying the next one. In other words, as long as you are set to be a hard negotiator, you can actually make up for your lower selling price by driving an equally tough bargain when you buy the next house.

Even in the present economis crisis, it is crucial to remember that not everyone is in the same situation. You may be selling to relocate in order to improve your career, but the person you buy from may have other reasons for selling. They may, for example, need immediately to sell their house to downsize and reduce their outgoings.

Knowing that there a lot of of situations, you can save yourself lots of time, trouble and heartache. If you sell to one of those Cash House Buyers, they’ll typically offer you about 80% of your house’s cost. Now, it may seem madness to give a 20% discount in an already extremely depressed market, you have to remember that you will not have any estate agent’s fees or advertising costs to pay. Additionally, you’ll have your money very quickly, and you’ll then be in the Cash House Buyers position when you negotiate to buy your next house. This will give you all the power to recoup most or even the whole of the discount you gave to Sell your House.