Number of houses sold in 2009 is going up & so are prices?

 

This month it was reported that the number of houses sold has increased for the third consecutive month, making April the highest number sold since 2007.

 

Hysterical house buying is returning to the market and we are now seeing bidding wars breaking out on repossessions that in some cases had been on the market for months.  One property we enquired about originally on the market for £110,000 eventually sold for £122,000, with 3 buyers being gazumped halfway through their purchase.

 

In another case we experienced, between viewing the house and making an offer the vendor put the price up by £5000!  Don't be fooled into thinking that this was just one savvy seller, we have noted that a lot of houses particularly under £100,000 have increased in price since first coming to market.

 

Sellers confidence is definitely back!

 

Good news on stamp duty...

In last weeks budget the Chancellor announced that the stamp duty exemption up to £175,000 will be extended until the end of the year.

 

The stamp duty level is then expected to return to its former level of £125,000, if you expect your purchase to exceed £125,000, make the most of this opportunity, to be eligible for the exemption your purchase must complete before 31st December.

 

You are missing out if you don’t take action today! Complete and return via email the attached application form and leave everyone else standing.

 
There is never a bad time to buy only a bad time to sell.

Want to learn more:

To Buy or Not to Buy

Stamp Duty

House Price Prediction

Mortgages

Lending

Buy Now 

Hibernation

 

 

 

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Address and Registered Office

Forces Homes Ltd,

Borough House, Borough Road, Gallowfields Trading Estate, Richmond, North Yorkshire, DL10 4SX

 

Tel: 0044 (0)1748 821118     Fax: 0044 (0)8708 386 562     Email: enquiries@forceshomes.co.uk

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