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Remember housing markets are local, sellers told



Residential property conveyancing markets are local, house sellers have been reminded.

The National Association of Estate Agents (NAEA) is offering tips to people selling their homes.

It notes that while national price trends can be useful indicators, property markets are essentially local, with "micro markets" within areas.

The organisation suggests sellers do their research on how markets are affecting their own region, town and even street.

Being aware of the direction of house prices is also important, the NAEA notes, as this can help people set prices "cleverly".

It also suggests seeking good professional advice on residential property conveyancing, as well as knowing what offer to accept.

Finally, the NAEA stresses the importance of sellers putting themselves in the position of a buyer and not attaching too much sentimental value to a property.

The advice comes as Santander reports that a quarter of first-time buyers take five years to save for a deposit.

Posted by Georgina PriceADNFCR-1678-ID-800521248-ADNFCR
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