Yesterday the pound fell to a 31-year low. And this weak pound has certainly had an effect on the property market. Many dollar based clients have reached ‘tipping point’, as properties are cheaper (in dollar terms). This is more evident in the commercial space:
As usual, there seems to be many contradictory reports. And many would-be buyers are confused about value, opportunity, real prices…
Turbulent times create many opportunities but not all that shines is gold. Generally speaking this is the time that it pays to have good advice.
How using a London property consultant can help
In times of uncertainty, using a London property consultant, buying agent, property hunter, property broker, property search agent (I leave the preferred term to you) can prove to be far more necessary than before. This is specially the case in London.
At any given time, the London property market is very liquid. What it is not, is transparent. So the first hurdle about London property is making sure that you have access to all what is relevant in the market. That is what a London based property consultant can do for you, it can give you access to all properties (both on-off market).
Furthermore, in uncertain times like these, many properties are going totally under the radar, aka, ‘off market’ as many sellers do not want the overexposure or being seeing as having some sort of issue that they need to sell. At Address Property Consultants we can certainly give you access to these off-market and even some that are not even in the off market.
Once you have got a good picture of what is available and what is not, then comes other considerations: how to secure the property and how to be sure that the price you are paying is right. A good buying agent can help you with both, especially about the price.
In confusing times, a good property search agent should advise you on value and negotiate more effectively for you.
Or advice you to wait.
Currently there seem to be many properties that appear to be a ‘good buy’ because they have been discounted from their pre-Brexit prices. But in many cases, those prices were overvalued. A good property search agent will be able to tell whether the discount is genuine and if you are getting a ‘good deal’.
Current Market Conditions
Believe it or not, many offers are still being made, even sealed bids are happening. You probably will not hear about many because they are happening under the radar. But there are good deals to be made and true gems to be found.
As said above, in times like these, it pays off (and saves you money) to have a London property consultant on your side that guides you through choppy waters.
There is a quote that applies wonderfully: “More than 50 years ago, Charlie told me that it was far better to buy a wonderful business at a fair price than to buy a fair business at a wonderful price.” -Warren Buffett
After all, people still need to live somewhere, they are still getting married, having children and unfortunately divorces and death continue to happen too.
So if you are in need of help to find a wonderful house at a fair price, get in touch: 07789714013.
Or for more information check our website: http://addresspropertyconsultants.com/
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