Common myths about the local property market
Has someone who has just sold their home ever told you about the ‘golden rules’ you should abide by to get a quick sale? Perhaps you have heard comments like, ‘catch the property season’, ‘spend money to make money’ and ‘price high and accept low’. Unfortunately, achieving the optimum sale requires you to navigate highly changeable market conditions. The local market in Preston changes a lot year-on-year. As the chart above shows, the average price of properties on the market fluctuates a lot more than you might think. But unweighted overall average prices only tell part of the story - sales rates are the thermometer we use to measure the temperature of the market.
So what are active buyers looking for right now? We all enjoy some peace and quiet, no one is denying that. But the idea that property in close proximity to public transport hubs like train stations are harder to sell just isn't true. In fact, if you can hear the trains from your home, that means you are located nearby a station -and properties close to a station are always in high demand. There are no hard-and-fast rules to how to sell your property - the tone of the market is ever changing and its important you work with a good local agent with their finger on the pulse. If you have any more questions regarding property in Preston or are thinking of selling your home and buying a new one, don't hesitate to get in touch.