Property Tips, Trends, And Advice

Disclosure: This is not a sponsored post. There are no affiliate links included in this post. All thoughts are my own and no other’s. This post is now in the guidelines of the FTC

If you are looking to sell your home in 2020, here are some important pieces of information to help you along the way.

House prices to fall again? Investment opportunities there for future prospects

The house prices around the world are likely to drop as a consequence of COVID-19. If you are in the position to, you now have a great opportunity to invest in property.

As a result, a lot of investment companies are advising clients who have time on their hands to invest in properties now. This is because people can obviously benefit from these low prices and then keep the property until the market picks up. After all, a lot more people are looking to sell nowadays because of the negative impact of the coronavirus and the likelihood of a recession.

If real estate investment is something that interests those reading, then it is certainly worthwhile taking an in-depth look at the market now in order to see if there is an opportunity that looks attractive. The rewards a few years down the line could certainly be substantial.

Don’t dive right in because of low prices; extensive research is a must

It seems that it is human nature to put a complicated spin on the easiest of things. Something which appears easy on the surface instantly becomes a lot more baffling once we delve a little bit deeper. 

This is no different when it comes to the majority of investment opportunities. You think you are sitting on a gold mine, but once the extensive research and studies are carried out you realise how complicated the whole procedure is going to be. This is because there are obviously a lot more add-on issues and extended factors which you did not initially expect.

Nevertheless, this extensive research is obviously an absolute must when it comes to an investment. You can’t risk your money on an opportunity when you do not know the ins and outs of what you are getting yourself into. The key is deciphering if and how there are ways around the issues faced in your way. More often than not, the answer is a resounding yes; it just takes more time and effort than initially imagined.

Be aware of the common causes of conveyancing delays when selling a home

If you speak to anybody that has sold a property before, they will often tell you that completion took longer than expected. This can be frustrating if you’re in the market for a property or condo for sale and you need to complete your own sale as quickly as possible. This can be incredibly frustrating, especially if you want to sell your property fast. Below, we take a look at some of the most common causes of delays in the conveyancing process.

Under-resourced or slow solicitors

There is only one place to begin, and this is with an inefficient or under-resourced solicitor. If you have a dedicated professional working on your property purchase, great! Unfortunately, this isn’t always the case, and the reason for a delay could simply be because your solicitor is dragging his or her heels. This can often happen during busy periods or holidays.

Local authority searches are taking a while

Local authority searches are required for the buyer to uncover any potential problems that could impact your property. This includes tree preservation orders and nearby planned developments. These searches may take days, but they can sometimes take weeks. You may also end up waiting for information from third parties regarding outstanding queries. It’s incredibly frustrating because a lot of the delays are so simple and you end up wasting a lot of time waiting for people to merely respond to your questions.

Issues with the buyer’s mortgage

There are a number of different issues that could happen with the buyer’s mortgage, especially if they have not taken the necessary step to get a mortgage agreed in principle. They may find that they are not eligible for one, which could derail the entire sale. Another common issue is failing to state where the deposit has come from on the mortgage application. If the deposit has been gifted, the mortgage provider will need to know this, and they will require a signature from the source, so you may end up waiting for this.

What about upcoming developments?

The latest idea which has come to the forefront is to use pension funds in order to finance new homes. This is something we have seen carried out by various councils all over the world.

However, it is going to continue to be reviewed in new areas, and the results could be very promising. It goes without saying that the knock-on effects that could occur from this would be highly beneficial. 

The economic growth and investment advances that will arise will be a benefit to a whole host of individuals and families. In fact, investment companies are already considering how this scheme could aid its investors if it was to go ahead.

Moreover, it is worth noting that the job possibilities that will arise would go a long way to aiding the unemployment problem which is evident in the country at the moment. A lot of new job opportunities would appear and this would help individuals to fight back the struggles they have experienced during the recession.

Of course, it is also worth noting that the communities in which these new houses will be built will also feel the effects. The quality of life in the area would increase substantially, and that is not only with regard to those who will be living in one of the new properties. 

All in all, there are a lot of opportunities in the real estate sector at the moment, yet it is critical to make sure that you capitalize on them in the right way and that you carry out the research that is required.

Disclosure: This is not a sponsored post. There are no affiliate links included in this post. All thoughts are my own and no other’s. This post is now in the guidelines of the FTC

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