Up to now, even the joint efforts of the Chancellor of the Exchequer, the Prime minister and the Governor of the Bank of England have failed to prevent the terrible losses in the United Kingdom’s housing market.

This is shown very vividly by the fact that house values are now at their lowest level since 1978, with actual house sale prices falling 25% below their May peak. Undeniably, it has been reported that the average house in the UK has lost one hundred pounds off its price every week throughout the present year. In addition, the amount of new homes completed or under construction in the present year plunged to an 85-year low, the whole of this comes when U.K. household debt is at a 13-year high.

According to some experts, because of the above data, it’s expected that U.K. house values will fall by a further 10% throughout ’09, and it’s then believed we will begin to see values in ’09 at levels that persuade cash rich and mortgage ready buyers to re enter the market in great amounts. Nevertheless, we should temper such guarded optimism by remembering that the same persons who made the above predictions, also predicted that U.K. house values would at worst stagnate in ’08

So what does all this mean if you want to Sell your House? Well to start, don’t expect to sell your house quickly unless you are prepared to discount it a lot from the already low market price. Nor should you expect to Sell your House for a high price, and remember that we mean high by present market standards, not those of one or two months ago, and certainly not those of a year ago!

It is right that there more Home Buyers coming into the market at present. In fact throughout last month, the Royal Institute of Chartered Surveyors reported a 14% rise in enquiries for house Sales. Nevertheless you should keep your expectations realistic and remember that it’s a buyers’ market.

If I wanted to Sell my House at present, I’d still follow all the house preparation help in those how to Sell your House guides, but then, my approach would alter according to why I wanted to Sell my House. For example, if you want to Sell your House in order to re-locate, then going to one of those fast Home Buyers will ensure you a really rapid cash sale, and even though you’ll have to give a big discount, you’ll then have all the Cash Home Buyers power yourself, and so you’ll be able to negotiate from a position of real strength, and so get back a lot of what you “gave away” to sell your own house.

On the other hand, if you are looking to downsize or realise an investment, then you are just going to have to prepare your house to the nth degree, and attempt all the imaginative promotion techniques you can think of. Then you’ll just have to be very patient and very realistic about how much you expect to get when eventually sell your house. If you can perhaps hang on to the latter part of next year, the chances are things will not be worse than now, and could even be significantly better.

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