Before inviting you to take advantage of our free valuation service, with such dramatic changes in the housing market during 2007, I felt it significant to write and outline our vision for 2008.
Initially, reviewing 2007, the first half of the year saw high demand through confidence whilst a lack of properties coming onto the market fuelled price increases. The mid to later part to 2007 interest rates continued to rise; the HIP legislation was enforced accompanied by mortgage criteria changing from lenders due to the volatile US markets. This naturally cooled market conditions, increased uncertainty and in reflection slowed house prices.
Positively for the future, 2007 finished with a reduction in the national base rate in December and with the suggestion of further reductions to come in the first half of 2008. The Governor of the Bank of England took the almost unprecedented step in December of announcing that there is a high chance of further reductions coming soon.
So what does 2008 bring? Of course no one can ever be certain, however we can be sure that Home Information Packs are now part of the buying and selling process, and secondly, we believe that there is a commitment from the Bank of England to increase consumer confidence. Also, with the potential changes to Capital Gains Tax the Government has announced for 2008, we expect a boost in the number of investment buyers seeking properties to purchase.
Taking into account the serious changes that occurred during 2007 and what lies ahead for homeowners, we would like to offer you a free market review, which can include:-
Residential sales – A no obligation market appraisal of your home or investment properties, looking at the whole conveyancing process and explain what Home Information Packs are all about, including what they mean to homeowners.
Independent mortgage advice - Review your current mortgage arrangements in this ever changing market. Appointments can be at home, work or in our office at times to suit you including evenings and weekends when the high street banks are shut. This is with Mark Hemmings – our most experienced INDEPENDENT financial Advisor.
Lettings - Market appraisal of your property’s price and estimated yield. We can also advise on any potential investments that may be worth considering.
If any of the above is of interest to you, please give me a call on 0118 9799 005 and I will be happy to help.
Have a great day
Stuart Ross
Prospect PhD Area Manager
Berkshire Estate Agents Covering Wokingham, Crowthorne, Winnersh, Reading, Warfield, Binfield, Bracknell, Ascot & surrounding areas.
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