Its no secret that the UK is deep in recession and there are not many of us who can say that we have not been affected, have a close friend or at least know someone who has lost their job, business, had their house repossessed, or both and out of work and lost their home. The repossession rates and job figures spell this out only too well and this is a sad time for many.
However a close look at recent news is enough to confuse anyone. On one hand an article written for AOL news on the 6th February, indicates that house prices are on the up again. They state that house prices rose by 1.9% during January heralding the end of ten consecutive months of decline. This is based on information from Britain’s largest mortgage lender, Halifax.
To be fair, this news article does stress that we should not place too much emphasis on one month’s figures alone, but that these were signs indicative of a stabilizing market.
However another AOL news article only written three days previously warns that house prices will fall by record levels unless the government boosts mortgage lending. This is based on research by the Centre for Economics and Business Research. They even predict that if nothing is done house prices could remain this way until 2013.
If you are having a problem to sell your home, debt problems or are facing repossession, I seriously encourage you not to lay your hopes on a quick fix for the dire straights that the housing market is in. It’s ok for those that have sufficient equity to ride the waves of the storm and wait for the market to pick up.
Here at An Instant Sale we have built our reputation by working with people to help them solve their problems if they need a quick house sale. Selling your home to avoid repossession or pay of debts does not necessarily mean having to move out, as we have an excellent sell and rent back scheme.