With all the recent activities in finance world. What will 2010 bring to your intended house sale?
The first piece of advice is caution, there are conflicting views that house prices will go up next year or go down next year. The main factor that is currently having an adverse effect on the property price index is the amount of houses that are for sale. This is simple supply and demand, less supply or more more demand means prices rise.
This is currently the case as there are less houses on the market, which in turn is pushing up the prices of the houses that are up for sale. So you may be thinking then why dont you sell your house now. Well you could do that and if you wish to take the punt then you could advertise your property at no cost on BuzzProperties.co.uk and see how you go.
However my advice is this rather than risk adding to the innaccurate market prices and in turn potentially lowering house prices, wait off selling your house until later in the year. Ideally after the end of the financial year, normally around mid April. This way you will not only get a better price for your property but you will also get a realistic one, and wont run the risk of being back in the same boat a year down the track due to inflated property prices.
So in short wait until April at the earliest to sell your house if you want to maximise your property return in both the long and the short term.