Date Posted: 05/04/23
The Bank of England has made the decision to raise interest rates by 0.25 percentage points to 4.25%. However, some mortgage lenders, such as the Nationwide Building Society, have already made reductions of up to 0.45 percentage points across some products, indicating that lenders are still committed to offering competitive rates to potential home buyers.
Despite a slow start to the New Year, the property market is showing signs of improvement, with the annual rate of price growth decreasing from 2.8% in December 2022 to a more moderate 1.1% in January 2023, creating a buyer's market. Effective negotiations between buyers and sellers are crucial to facilitate a smooth process for both parties looking to move home.
So the pendulum has now firmly swung in favour of a buyer’s market. This emphasises the importance of effective negotiations between buyers and sellers to enable both parties to move home,
With many more buyers entering the
market in recent weeks, an acceptable deal is far more achievable with goodwill on both sides, a clear view of what may be possible, and a sympathetic attitude to the other party’s issues.
A good estate agent understands all these nuances and orchestrates the negotiation, smoothing out the inevitable ups and downs during an important and tense time.
If you are about to sell your property, the first thing you need is a great negotiator. Putterills have over 30 years’ experience in the local property market. Having a deal maker on your side, and not an order taker, is vital. Clever negotiations and a forward-thinking approach from your knowledgeable estate agent really can make all the difference in today’s market.
Whether buying, selling or renting, choose Putterills
