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June/July 2009

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GET MOVING There’s a golden opportunity in the property market — and it won’t be around for long. g Take advantage and get moving! “...NEW ENQUIRIES ROSE FOR THE SIXTH MONTH IN A ROW.” Royal Insstitution of Chartered Surveyors SUNDAY TIMES T MAY 17, 2009

“ASKING PRICES RISE 2.4% IN MAY... AND 90% MORTGAGES RETURN TO THE HIGH STREET.” The Inde ependent MAY 21, 2009

“...UK PROPERTY SALES SURGE BY 40% IN MARCH 2009...” H Reve HM enue and Customs APRIL, 2009

Strong demand from buyers... property sales up... mortgage lending up... interest rates at an all-time low... offers getting closer to, and even over the asking price... If you’ve been thinking about taking the next step up the property ladder, get moving: acting now could save you thousands.

An altogether different Prospect.


June/July 2009

Prospect Estate Agency

Your next home may never be so affordable TAKE ADVANTAGE OF THE GOLDEN OPPORTUNITY NOW! Whatever your reason for moving home, acting now could make the property market work for you. Be it a need for more space, planning for the future or simply a desire for that dream home, there is a golden opportunity in selling and upsizing now as the market shows signs of recovery.

The wise upsize

Fast-track your equity

With percentage price drops reducing the value of larger properties more than smaller, the gap between your current home and your next step up the property ladder may never be so small again. Upsizing now could be a very wise move!

One way to increase your equity in property is to upsize now. As the market picks up, the percentage effect increases the value of larger properties by a greater amount – growing your investment faster.

Offers over... The days of unrealistic offers may well be over as the market shows signs of recovery. With viewing figures up, competition between buyers, and offers near (if not over) the asking price, now is as good a time to sell as it is to buy.

Family planning We may not be in a property boom, but we’re certainly in a baby boom! With the highest recorded birthrate since 1972, families are growing – and need larger homes. Planning ahead now could provide your growing family not only with the space it needs, but also the benefit of a better long-term investment – and a larger nest egg for the future.

BEFORE PRICE CORRECTION

PRICE CORRECTION

£400K

£300K

£200K Cost to upsize

= £200K

– 25%

£150K Cost to upsize

+?

= £150K

[1] This illustration shows how upsizing from a £200,000 to a £400,000 home would have cost £200,000 prior to the price correction. [2] Savings of up to 25% were possible after the correction - in this case £50,000! [3] As the market recovers, the gap widens... the savings reduce... and the cost to upsize will increase.

It’s your move! Start with a valua


Property Express

June/July 2009

“We took advantage of the property market and upsized!”

Upsizing NOW could save you thousands As prices recover, the gap between your current home and your next step up the property ladder will widen. THE RESULT: It will be more expensive to upsize — and your dream home may soon be out of reach.

??% Cost to upsize

= £MORE!

tion and find out what’s possible!

Contact Prospect today for a valuation and we’ll get you moving!

prospect.co.uk


June/July 2009

Propertyexpress

We’ve launched our new website!

Value your home. We’d love to! With increased demand, and a shortage of properties on the market, you’re more likely to sell your home now — and for a better price too.

prospect.co.uk

...the only homepage you'll ever need!

We’d be delighted to offer a free, expert, no-obligation valuation of your home to put you in the picture.

Call Prospect today to get you moving... onward and upward!

Hook a great rate... ...and catch the wave! With interest rates favouring homeowners rather than savers, now could be your opportunity to upsize or invest in property.

Reading

(0118) 955 9700

Bracknell

(01344) 869 169

Crowthorne (01344) 778 868 Warfield

We advise, you choose.

(01344) 300 700

Wokingham (0118) 979 7770 YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

Follow us on twitter for a bird’s eye view of the property market! www.twitter.com/ProspectAgency

globrix.

Winnersh

(0118) 979 6661

Sandhurst

(01276) 609 070

please recycle me

Get Moving!  

With signs of a levelling - even the makings of an upturn - in the property market, Prospect Estate Agency encourage thoughts of moving home...

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