Oliver Miles from Oliver Miles Estate Agents compares COP26 and little green men with the November property market.
 
Many of us will remember the childhood feeling of helplessness when reading comics with little green men warning “Resistance is futile!”. Now at Glasgow COP26, scientists are warning that resisting change will only bring global catastrophe –       “The future is in our hands and we must act now!”.

We have experienced an unnatural property market for the past eighteen months, however things are slowly changing. In some areas the market is not as energetic as it has been. Multiple full-price bids on properties are not as frequent as they were and buyers are more relaxed; over-priced houses and flats are not receiving the high-level interest, especially with the looming threat of higher mortgage interest rates.

Just like resisting little green men or global warming, opposing or ignoring market conditions when selling a property will always cause problems. For sellers, keeping a property on the market in the hope someone will pay a premium is fraught with risk and potential delays.

Give in to the ‘Little Green Men’. Choose renewables over fossil fuels. Ask a sensible asking price from the outset and, whatever the market, you will achieve a faster and easier sale.