Now that Home Information Packs have gone, have you noticed more homes up for sale?
The speculative seller is making something of a comeback, according to estate agents and Rightmove this week, now that you no longer have to front up £300 for a Hip before you can market your property.
This suggestion has been backed up by a couple of local agents I’ve spoken to, who’ve said they are already seeing potential sellers asking them to stick the property on the market and see what offers they can get.
Many are landlords and others are owner occupiers taking a punt on moving up the ladder. Whether this and a potential surge of buy-to-let landlords selling up to avoid a higher tax bill can lower prices remains to be seen.
Certainly there seems to be a bit more of a hint that landlords might now be thinking now is a good time to cash in on some of the big capital gains they’ve made.
Many of those invested for five to ten years will have now turned a decent gain.
Buy-to-let veterans will tell you that the game is all about rental return, but if you have one property that has made you £50,000 to £100,000 maybe now is the time to take the money and then buy back on the dip or pick up a bargain elsewhere.
Yes, you should cut your losses and run your winners, but investing is about buying low, selling high and knowing when to cash in.

May 30th, 2010
Emily Young 