Why are Some Areas of London More Desirable? Nick Millican Weighs In
Real estate expert Nick Millican talks concerning the UK’s housing market current trends. He says that the mortgage rates are continually increasing. Buyers should make sure they’re making a sound investment when buying a house. First-time home buyers are spending a lot on mortgage payments. They should ensure they pay the right price for the properties they are buying.
Location is an important factor when buying a home since it is the only thing you can’t change after making a purchase, as real estate agent Nick Millican advises. Avoid properties located above commercial premises because it might be harder to get mortgage approval for them.
Houses situated in a noisy neighborhood might be hard to sell, while those near busy roads might be deemed as risky investments. Going for a property near a high street will make it easier to sell when the time comes. This, according to the expert Nick Millican.
Overpriced House
Sellers should ensure they are pricing their property based on the current market rates, and buyers should also ensure they don’t overpay. Due to the scarcity of properties, some agents might decide to hike the prices. Buyers need to do their research to ensure the property is correctly priced. Nick Millican suggests that you can know if a given property is correctly priced by looking at how long it has been on the market. That will ensure you’re paying the right price for the property.