Should homeowners hold on to their properties as long as possible following the BOE’s announcement that inflation fell to 8.7% in April?

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Despite falling inflation, The Guardian reports The financial markets are betting on an interest rate rise to 4.75% in June and 5.4% at the end of the year The Office of Budgetary Responsibility (OBR) continues to forecast that house prices will fall 10% over the next two years, and David Miles, Senior Economist at OBR, recently expressed the opinion: “Those forces that They are going to be much weaker, I suspect, in the next 40 years than they have been in the last 40 years.”

As a result of higher operating costs, restrictive legislation, the prospect of slow growth in value plus a significant risk that prices will continue to fall through 2025, and the prospect of costly upgrades to increase the time to EPC grades; Many people recognize that the time has come, especially for homeowners whose true buy-to-let incentive has been capital growth, to reinvest or retire now as buyers traditionally pay more for properties during May, June, July and April (in that order).

While Rightmove reports more confidence from sellers in the marketplace (reflected by higher sales prices), both Rightmove and Zoopla warn sellers of the need to ‘sensibly’ price their properties and urge them to ensure the price aligns with buyers’ expectations if they really want to sell. Zoopla also reported that homebuyers are looking for areas with better value for money and smaller homes with lower running costs..

When comparing April 2023 sales to April 2022, they report higher demand for properties in the lowest priced 40% of the market and lower demand for properties in the highest priced top 40%, which could cause the price Sales of larger properties may have to ‘work harder’ to attract interest, which could be great news for homeowners who want to rethink their strategies and replace lower-performing single-occupancy homes with high-performing HMOs and high level with existing suitable EPC grades.

How should homeowners react to these market indicators, and when?

There is no definitive answer that is right for all owners because the best course of action depends on individual circumstances and factors such as motivation, performance, and equity, but in the last year, more than 200 owners have contacted the specialized real estate agency Landlord Sales Agency to collect your profits and protect your assets.

David Coughlin, CEO of Landlord Sales Agency, said “Owners choose us because we are specialists and we take on the whole challenge from listing to completion with everything else. We find solutions for every stakeholder, including tenants. Many of our sellers have come to us after years of trying to sell their properties through other real estate agencies. They come back to us time and time again because we deliver what we promise: speed, price, and minimal interruption to their business.”

• We sell all types of property with all types of leases from AST to HMO
• Sellers do not have to wait for tenants to leave or pay for vacant properties while the property is being sold.
• We sell properties individually or as small, medium and large portfolios
• Owners can release large amounts of capital quickly and we can provide cash advances on agreed sales
• We have teams across the country and pay for essential repairs to ensure properties sell quickly and at the best price.
• We have built a database of over 30,000 private buyers and investors who compete to offer sellers their best prices.
• We arrange vacant tenure when required by helping tenants to relocate using practical, financial and specialist help from organisations, including councils.
• We sell properties to investors without disturbing tenants by collecting references and payment histories as ready-made business opportunities.
• We help landlords avoid legal disputes with problematic tenants through mediation to save time, money and stress for all parties.
• We use non-refundable deposits to protect sales from collapses or changes in the market
• Over 95% of agreed sales are completed in 56 days

Get in touch today to find out what Landlord Sales Agency can do for you to help you decide on your best option.