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Rightmove.co.uk and various estate agents have reported no growth in house prices over the last few months. This may demonstrate a cooling market. We may also expect a more steady pace in 2018 with flat or gently rising house prices.
House price growth and indeed falls can be difficult to predict. In the areas that we cover we have seen strong demand throughout 2017 and prices (generally) rising.
However, as we know and have seen many times over our 160 year history, house prices do not rise forever. We see flat lining, such as between 2010 & 2012 and also periods where they have fallen or even crashed such as in 2008.
If house prices stop rising the first thing that is noticeable is that the stock of available properties starts to rise as properties become more difficult to sell. It is at that point that a seller and their estate agent must focus on the price point of their property to make sure it is well placed against the growing competition. It is always tempting to think one’s own house is better than the one for sale down the road, however, if neither are sold it is important to look at things from a buyers point of view. Think about setting a realistic asking price that keeps you in line with other properties like yours. This should guarantee you interest and a swifter sale.
If you are looking at selling your house either now or indeed in early 2018 give us a call. We will be happy to visit you to give you an up to date appraisal and marketing advice.
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With a leading property portal reporting that over 75% of its traffic now comes via mobile devices, it is more important than ever that all businesses make sure that their websites are mobile friendly.
We have invested heavily in our technology and have a fantastic mobile friendly website that resizes to all devices. Via our website you can search for properties, arrange valuation & viewings and get an instant online valuation. We also have links to our social media platforms and our allagents review page.
Visit us at www.aldreds.co.uk and try it for yourself.
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A survey conducted by the NAEA (National Association of Estate Agents) has discovered that 79% believe the house buying process in England and Wales is outdated.
I am amazed that it is only 79% and 21% think it is fine!
The government have announced that they are to look at ways to reform the house buying process. Previously the Labour government tried via their 1997 manifesto commitment to sellers packs…later home information packs (HIPS). However, by the time HIPS arrived in 2007 they had become so watered down due to the withdrawal of the home condition report (HCR) that they were no real benefit and in fact caused financial hardship to people who couldn’t afford approx. £350 to buy one to market their house.
Any reform to the conveyancing process that speeds up transactions, reduces fall through and looks to address those who waste other people’s time and money by not taking the process seriously has to be welcomed
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Well done to Linda Bowdler who is Aldreds employee of the month for October.
Nominated by Gorleston office manager Melissa. Linda stepped up and really pulled things together through a busy period in October. Linda also celebrated 29 years with Aldreds during the last month!
Well done Linda!
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Don’t forget! Our next auction is 19th October 2017 at Great Yarmouth Racecourse. We’ve got some exciting lots!
See you all there for a 12noon start!