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Thursday 16 December 2010

Sarah Beeny's predictions for the buy to let market in 2011

Sarah Beeney – Tepilo / C4’s Property Ladder

“I think at the moment we are still bouncing along the bottom of the market, and price rises shouldn’t be too dominant for some time, but also won’t fall much either. If you need to sell I would suggest you get going now or in the New Year.

"If you haven’t found a property you want to buy, then there’s no point in buying anything until it’s the right one – the cost of moving can be as much as 10% these days. Property is most definitely still selling! The most important thing to remember in this climate is to remain calm. 

"Do all you can to not take into consideration headline scaremongering of a predicted 14.7% drop in values in one newspaper one day or a 16.4% rise in another newspaper the next – why not 13.9% or 15.8% as they would be likely to be as accurate?  If you have to sell for less you can more than likely buy for less too.

"The truth is you need to keep both feet on the ground and get finance you can afford to pay off and a property that will suit your needs for the next few years. If you are selling be realistic about how much you can sell for and you will get a buyer and of course save yourself thousands of pounds by using http://www.tepilo.com/ where it’s free to sell.”

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