The house hunting tip that can help you save £22,000 on your next home
13.06.2022 - 22:27
/ manchestereveningnews.co.uk
The property market remains busy with demand continuing to outweigh supply. The Land Registry's most recent UK House Price Index shows that property prices are now 9.9 per cent higher than they were this time last year.
As the average house price across England is currently £252,671, properties are now much less affordable. With the asking prices having risen more than £55,000 in the past two years, house hunters who are on a budget may not be able to afford the same home that they could have done just a year ago.
But research from property purchasing specialist, HBB Solutions, has now revealed that homebuyers can cut an average of £22,000 off the price they'll pay for their next house by changing the way that they hunt for homes.
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In the current housing market where sales are taking an awfully long time to complete, some sellers who are willing to make sacrifices to try and guarantee a fast sale by selling their home for much less.
The property specialist says that by focussing your search on quick sale properties, you can end up paying a lower price for your next house.
HBB Solutions looked at current property values across each region in England, as well as the average price accepted by sellers in need of a quick sale, to reveal just how much you could save.
While the average price paid across England is currently £252,671, the average price for a home that has been listed a ‘quick sale’ property is £22,000 cheaper at £230,428, offering a potential saving of 8.8 per cent.
The biggest savings are in Yorkshire & Humber where the average price for a quick sale property is 14.8 per cent, or roughly £24,000 below the regional average, while