People rushing to sell before house prices drop even more

by admin on August 23, 2010

House prices are expected to fall 5% this year, 10% the next year and a further 10% in 2012. With such ominous news for the housing market, many people are thinking of selling up before their homes lose even more value.

It’s thought that a soaring number of homeowners want to sell up as they learnt that the value of their house could drop by as much as £14,000 by December.

At the moment more than 30,000 homes flood onto the market every week, but despite the increase which is as high as 50% in some areas has caused a drop in price as there aren’t enough buyers to snap up the properties. The rate of unsold properties is at it’s highest in two years.

People have said that the housing market has seen a false dawn, predicting the drop in prices to come.

If you’re lucky enough to find someone to buy your home, you will need to consult a conveyancing solicitor who will organise the legal and administrative work that transfers the ownership of the property from one owner to another.

Choosing a conveyancing solicitor can be tricky because it can he hard to find one that you trust. Bear in mind that going with a conveyancing solicitor who comes recommended, or has strong client testimonials, so you know they will do a good job.

Transparency is one way of establishing trust, so make sure the conveyancing solicitor you choose to work with is prepared to explain the parts of the process with you, and be clear about any fees. Ask for a written cost estimate so you have a good idea of how much it will cost.

Involving a conveyancing solicitor to do the hard work for you will make selling your house that little less stressful. You can rest assured that the task is being dealt with by someone experienced and skilled at the process, leaving you with more time to pack ready for the move to the next place you make your home.


About the Author:
Mason Linger is a renowned author on various law related articles. For more information on commercial property solicitor, please visit http://www.adamslaw.co.uk
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