Current Housing Market in UK and What to Expect Further in 2017

The past year has seen a number of fluctuations in UK as a whole. Politically and economically, 2016 can be objectively said to one of the most interesting years in recent history for the nation. When it comes to the housing market, the past year has witnessed two significant changes, EU referendum that voted out and stamp duty.

Although stamp duty was introduced two years ago, the changes started becoming more apparent near the end of 2016. The changes in stamp duty had a great impact on the market where the cost of house buying has already shown substantial increase.

Coming to the effect of Brexit on housing prices, the data collected by Office for National Statistics show that buying costs were up by 6.9% all across UK. Since the start of 2016, gradual growth has been seen in the real estate market. However, this has been attributed to the shortage of homes available for sale. The number of properties becoming available in the market has decreased while the number of buyers has gone up.   

As you cans see, there is a lot happening in the current real estate market in UK. If you are looking to buy, sell, or rent property, it is advisable that you hire a competent real estate agency. Not only are the agents well aware of the current financial situation of the residential property market, they can also assist you with their own expert insight. If you are looking for houses, apartments, and or bungalows for sale Benfleet Essex, it is a great idea to hire a real estate agency.

Make sure that you choose a firm that has good reputation and reviews related to customer experience and quality of service. They will make sure that you get great property deals and lead you towards making profitable investments. Real estate agents will also be there during the closing to oversee the transaction and make sure that every penny you are spending worth it. Additionally, they will be a great help when dealing with the legal procedures like filling out forms and drawing up agreements.

When to Hire the Services of Real Estate Agents and Why?

If you are dealing with a real estate transaction, the entire process might look simple enough at face value. However, there are a number of issues that might come up as you go along. Firstly, there is a range of paperwork that has to be filled up and submitted and it has to be ensured that every piece of information on it is true.

Additionally, there is a vast amount of legal jargon that has to be dealt with. This is why, although hiring a real estate agent is not mandatory, it can help you during the transactions. Here are a few times when it will be a good idea to hire an experienced agent:  

Buying or Selling Property

If you are buying or have property for sale in Benfleet-Essex, a real estate will assist you in the entire process. You may feel like you can sell the property without having to pay the agent’s cut, but the truth is that the agents have the proper contacts. They are the ones who will be able to put you in contact with buyers who would pay a fair amount for the property. Additionally, if you are looking to buy a house, an agent can introduce you to all the ideal deals and oversee the entire transaction. 

Letting or Renting Property  

If you are new to a city and are looking for a place to rent, you might have to go through a dozen apartments before you find the ideal one. However, if you want to speed the process along, hiring a real estate agent is a great idea. They will take all your requirements into account and present the various properties available for renting in the category. If you are a homeowner looking to earn some extra income by letting your property, an agent will put you in contact with reliable and credible tenants.

Hiring a real estate agent allows you to shift a significant amount of the pressure onto them. They will take care of the legal procedures like drawing up the agreements and also act as the mediator between the two parties while closing. In exchange for a small fee, a real estate agent can make real estate transactions simpler.