A Slow Property Market Isn't Necessarily A Bad Thing

A Slow Property Market Isn't Necessarily A Bad Thing

I was really dreading looking for a new home in Kent because I thought it was going to be an awful experience.The property market in the UK is all over the place. Prices are fluctuating, depending on where you are in the country, and the economic climate in the UK is also a concern. The news and media doesn't help either. There are very often conflicting reports on the property market, the economic climate and the recession. This has had a knock-on effect on the property market, with a dip in confidence. I know for me, searching for new homes in Kent is a lot easier at the moment. The property market is a lot quieter than say ten years ago when I was looking at property. Back then, a house or flat that was available in the morning, had already had four or five offers on it by the time it was midday! Estate agents were piling up viewings, often showing more than one interested purchaser around properties at the same time. Kent proved a popular place to move to with a number of new developments in Kent springing up. The housing marketing was going at such a rapid pace, buyers wanted to go full steam ahead when viewing properties. They would make snap decisions about whether to buy a property or not; often there and then with a few minutes to decide whether to buy, and how much of an offer to put in. Back in 2002 I sold a flat of mine. The UK at that time had a booming economy and the housing market was following suit. It went on offer over the telephone, and then the estate agents my property was on with still sent two viewers round to view my property that afternoon. One of these viewers actually offered me more than the offer already on the table, which the estate agents had obviously informed them about. The estate agents, as far as I was concerned, were more interested in how much money they could get for a property, rather than honouring an offer already made. I actually don't mind the property market today as a buyer in a strong position. I am looking at new houses in Kent at a more leisurely speed, there is no rush and no hurry on my part. I can proceed at a much slower pace than I expected and I can also consider much more carefully the price I want to pay. I have the time to do this research, whereas in the chaotic property boom times, you had to make a split decision because of the pressure of buyers in the market.

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