When letting your property, you naturally want your property to look its best, but how far should you go in terms of presentation? Firstly, aim to understand how your property “sits” within the market. Not all tenants have the same criteria, so walk through the house with your letting agent to identify your property’s strengths and weaknesses. Look through the eyes of a typical
The day eventually comes when the family home, despite its wonderful memories, no longer fulfils the purpose for which it was originally purchased. This usually coincides with an evolving lifestyle for people in early middle age and the freedom that comes with it. Mortgages get paid off and, as children become financially independent, costs fall – dramatically so if school fees are involved! This
It’s official – what we’ve suspected all along – “traditional” estate agents get sellers more money in their pocket than the internet-only alternative. They also secure more viewings and offers! According to research by The Advisory, internet-only agents rely too heavily on property portals to find buyers. The research suggests that while Rightmove, for example, may directly generate 52% of viewings, this results in
Estate Agents are generally an up-beat type. Selling property to the right buyer, quickly and at an impressive price requires a “can do, will do” approach that is unlikely to be found in a pessimist. Agents with a positive attitude are more likely to be able to identify opportunities on behalf of our clients. Combine this with a strong focus on proactivity and hard
The tightening of the mortgage market has created opportunities for vendors who are understandably tempted to consider letting as a lucrative alternative to a sale. Despite the Help to Buy scheme, the dearth of mortgage availability has meant that fewer would-be purchasers are able actually to buy. They are therefore forced to rent if they cannot secure the mortgage they require. This in turn
If you’re buying a second home, Buy-to-Let, or investment property, you should be aware that there is an additional 3% Stamp Duty Land Tax (SDLT) on top of the standard SDLT amount payable. Since this regime was introduced in 2016, the market for second homes has certainly felt the pinch, especially for Buy-to-Let landlords who are also being penalized with a reduction in the
Good negotiation is a skill that adds real value to the service you receive from your estate agent. After all it can be the make or break of a sale. Many agents focus on “getting the maximum price” for their client, the property vendor. So do we. However, we also recognize that the vendor’s main objective is actually to move house! There is no
The layman’s view of an estate agent is simply someone who shows prospective buyers round properties. Whilst understandable, this simplistic perspective belies the fact that the well-trained agent knows how to maximize the viewing opportunity with the specific objective of prompting a sale. Whilst “showing someone round” might appear straightforward, vendors who do this themselves as opposed to allowing their agent to do so
For many homeowners, letting provides and obvious investment opportunity as an alternative to selling. With the right expert help from your letting agent, the matter should be quite straightforward, although there are certain consents that should be obtained if you are to avoid some potentially costly problems. You will certainly need the consent of your mortgage provider. They are unlikely to object, but you
A covenant is a term you might hear when discussing a property during the conveyancing process. Covenants are a form of legal obligation that is binding on the owner of a property and passes from owner to owner whenever the property is sold. They form part of the deeds of a property and are recorded at HM Land Registry. A covenant is usually established
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