Home Sales Halved
With so many economic factors combining to challenge the housing market, it is no wonder that we have experienced increasingly difficult market conditions throughout 2011. The level of home sales is currently running at half that recorded a few years ago before the onset of the banking crisis. Some industry experts are blaming the stricter mortgage criteria for these drastically reduced levels but the truth is that the troubles within the housing sector have not been caused by one factor alone; on the contrary, the housing market difficulties have been fuelled by a combination of obstacles ranging from a lack of buyer confidence, wary mortgage lenders and restricted lending to a supply-demand imbalance, unmanageable inflation and job uncertainty.As we move towards 2012, improvement is not expected. The Council of Mortgage Lenders warns that the “mortgage drought” may become even worse and banks will find it harder to lend. Unfortunately, there aren’t any signs of economic recovery, or renewed stability within the job market. More properties are set to remain on the market extended lengths of time and asking prices are doomed to drop.
For certainty, a guaranteed cash sale and peace of mind, homeowners can call Quick Move Now which purchase property using their own cash funds, non-reliant on a mortgage or investors. The service Quick Move offer not only comes with no obligation and at no cost, it allows sellers to sidestep the hassle, worry and unpredictability of marketing for a buyer conventionally. Established in 1998 and having purchased in excess of 4,000 properties across the UK, Quick Move are able to provide the support needed by homeowners trying to sell and have developed a professional and efficient service many sellers have benefited from.
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