Knowing When to Sell Your Home

Since the housing market has seen a great deal of growth over the past few months, and with prices on the rise again, it will seem to many to be the perfect time to sell up and make some money or relocate.

With incentives being offered to lenders to help out first time buyers and with housing rentals now being more costly than purchases (not to mention the fact that the economy is finally starting to look slightly more stable), there are many reasons why people are looking to get their foot on the property ladder, and in turn, the whole industry is gaining strength.

Yet, whilst the majority of houses are being sold on at a profit, a significant percentage of houses are still being sold for less that the owners paid for them, meaning that many are finding themselves in negative equity in spite of the positive growth within the market.

However, such a problem will be easy to avoid, and it will be all about knowing when to sell your own particular home. Different areas will see house prices increasing or falling at different times, and just because the housing market as a whole is healthier, it will not always mean that the housing market in your area is at its best. Therefore, when looking to sell in London, it is wise to consult estate agents in Cricklewood to see whether or not it is wise to sell now or to wait until the local market is stronger.

Whilst some will not have the luxury of being able to wait for improvements in local housing prices, many will, and simply waiting to see growth in your area could make a huge difference. For others, it may be a case that it is better to sell sooner than later to cash in on record highs but, either way, checking the local and national market and talking to estate agents in West London will be extremely important before you decide whether or not to put your house on the market.