Moving Home Is Highly Stressful – Remain Calm

Anyone who has ever moved home before doesn’t need survey results to inform them that moving home is stressful. The financial aspect of moving house leaves many people under pressure, and there is so much work to be carried out. We know that moving home is highly stressful, as do you, but it never hurts to be reminded of this fact.

A study undertaken by Yopa, who spoke to 2,000 property owners, found that 65% of movers lost sleep over the process. Findings also suggested that 25% of homeowners felt ill and depressed during the moving process. The fact that moving makes so many people and stressed is a significant concern, because it is a standard part of life, and something some people experience on a few occasions.

Be prepared for the cost of moving home

The average cost of moving, as per the study, was £6,000 and this included estate agent fees and legal fees. You don’t need us to tell you about the financial implications of moving, and the pressure many people find themselves under. Even people who have the money in place often have to wait for confirmation about money being transferred on time and in full.

However, even though many people said they had a negative experience while moving, 62% of respondents said that the moving process worked out okay in the end. 82% of respondents said they researched sites like Zoopla and Rightmove, helping them to make an informed decision.

If you are planning a move, it makes sense to carry out as much research as you can. If you know people who have moved recently, ask them about the experience. If these people enjoyed an excellent service from firms, consider using these options. Also, if you can get help from friends and family members during the moving process, you will hopefully save money and make the process less stressful.

Plan your move in advance

Planning your move is essential, and this will help you to save time and money. When you organise activities, you can visualise what will happen, and you reduce the likelihood of events running away from you. There is no denying that moving is a stressful and challenging activity, but when you take the time to plan your move, you will find the process becomes more straightforward.

It also makes sense to get as many people involved with the moving day if you can. When you have more people moving boxes, the process proceeds at a faster rate. However, you need to ensure everyone knows what they are expected to do during the moving process.

If you are looking for any guidance around moving home, come and speak with Williams of Petersfield. We are pleased to say we are property market specialists, and we have helped facilitate many moves in the local area. No matter what stage you are at concerning a property market move, come and speak with us and we will do our best to help you move in confidence.

First Time Buyers Rebel Against Rising Costs

Buying a home is expensive, and it is easy to see why a first time buyer struggle to step on to the property ladder. However, while buying a home is costly, many first-time buyers believe they spent too much money on purchasing a house.

A study undertaken by Comparethemarket, speaking with more than 2,000 property owners, states that around 50% of first-time buyers made expensive mistakes when buying their house. Respondents believed that they spent too much money on conveyancing, removal firms and mortgage brokers.

Broker services come under fire in study on first time buyer market

The study says 31% of respondents are looking to lower the costs of the mortgage broker service when they next buy a home. 25% of respondents said they would try to reduce removal costs when they next move house and 20% of respondents are keen to lower conveyancing costs.

property buyer

13% of people questioned are eager to lower survey costs, and 5% are looking to find better value for money estate agents. However, there is a caveat that as first time buyers don’t have a property to sell, their dealings with agents may be limited.

In follow-up questions in the survey, 15% said they wish they had haggled on the property price and 10% believe they made an error in using their entire savings to pay for the deposit. Using your savings in this manner makes it impossible to leave money aside for emergencies or carry out improvements around the home. 8% of respondents said they wish they had found a better mortgage broker and 6% wish they had a more detailed survey carried out of their home.

Many buyers automatically turned to their bank

One intriguing element comes with the fact around a quarter of first time buyers turned to their bank for a mortgage rather than comparing the market. Of course, this is likely to be a key element the company behind the survey was looking to find, so this may be skewed, but buyers are advised to shop around and find the best deal. 19% of respondents stated an opinion that mortgage brokers provide no value when buying a property.

Mark Goldson of Comparethemarket, said; “People with no prior experience in purchasing a property may not be aware which services and products offered to them on the home buying journey are mandatory and which are discretionary and, importantly, whether they are good value or uncompetitive. The whole buying procedure can be intimidating, particularly for those going through the process for the first time.  Fears around hidden fees and dealing with estate agents, lawyers, surveyors and mortgage companies are legitimate and strong enough to put off people from trying to make a purchase.”

There is no denying that buying a house is expensive, but many first-time buyers are unsure of how to best spend their money. There is a great deal to be said for slowing down when you buy your first home and taking in as much guidance as possible.

Whatever move you are keen to make in the property market, it is best to call on the experts for help. As a first time buyer, if you need guidance or assistance, contact Williams of Petersfield, and we will be more than happy to assist you.

Williams of Petersfield – Easter Hunt

At Williams of Petersfield, we love walking around the local area and taking in the fantastic buildings and views on offer. However, if you walk the streets every day or you are more than familiar with what Petersfield has to offer, you sometimes need to view the local area with a new purpose. Continue reading “Williams of Petersfield – Easter Hunt”

Tips To Get The Best Price For Your Home

If you are going to sell your home, you may as well get the best price for it. The higher the price you sell your home for, the more options you will have with your next move. Also, when you sell your home for a great price, you can take a sense of pride and achievement from your efforts. If you like to get one over your neighbours, what better way to leave for a new home than by selling your former home for an excellent price?

At Williams of Petersfield, we are here to help you get the best price for your home, regardless of what motivates you. We are pleased to say we have helped many homeowners achieve a fantastic price for their home and we look to help you.

Make sure you value your home appropriately

An essential starting point when selling your home is to have it evaluated. If you don’t have a valuation for your home, you run the risk of making a grave error in pricing your property.

If the price of your home is too low, you will generate interest, but you will lose out on some money. If the cost of your home is too high, you may not create any interest at all in your home. Also, some vendors have found that starting high while planning to reduce the price if you don’t generate interest is not a sensible strategy.

Buyers are savvy, and a falling house price doesn’t necessarily say the house is a bargain to them, it indicates the house has a problem. This price reduction may not entice many buyers, and this means you may struggle to sell your home even with a lower price tag.

Therefore, vendors must price their home accordingly, and a proper valuation is the starting point. Hiring a professional to review your home and provide you with an analysis of its merits and worth, you have information that can be used to make an informed decision.

Know all the factors that influence what buyers are willing to pay for a home

However, the price you should charge for your home isn’t solely about the value. Other factors influence what buyers are willing to pay for your home. The overall level of demand for homes in your area and the number of homes on the market shape buyer behaviour. It doesn’t matter if your home is in excellent condition, market conditions and forces may reduce the price you can set when selling your home.

UK first time buyers

While there are many steps involved with selling your home, including offering a clean and decluttered home, it is hard to argue against the importance of the fee you set for a home. Buyers have search parameters when they view houses online, and if your home isn’t within these search terms, buyers will not find your home.

At Williams of Petersfield, we know the local market. This knowledge ensures we can help you set the right price for your home. We will also help you to reach out to buyers effectively, so if you want to sell your home, contact the Petersfield experts.

Petersfield Landlords: Is Your Home Fit For Human Habitation?

We know that Petersfield landlords have a lot to consider, but at Williams of Petersfield, we aim to provide as much support and guidance as we can. If you struggle to stay in touch with regulations, rely on us to keep you informed and up to date. There is a new Act coming into effect this month, and it is vital you are aware of how it may impact your business.

Be ready for further changes in the rental sector

All landlords in the country should be mindful of the Homes (Fitness for Human Habitation) Act. This Act comes into effect on the 20th of March. Rental property is required to be fit for human habitation at the start of the tenancy and throughout the lease.

The Homes (Fitness For Human Habitation) Act applies to:

  • Tenancies shorter than seven years, taking effect on or after the 20th of March 2019
  • New assured, introductory and secure tenancies, taking effect on or after the 20th of March 2019
  • Fixed-term tenancies which renew from the 20th of March 2019

From 20th of March 2020, the Act applies for all periodic tenancies.

There are exemptions to the Act. If the tenant, or their possessions, have caused the problem, landlords are not required to resolve the issue. If a problem is down to an Act of God, the landlord is not responsible for the matter. If a landlord is unable to gain consent for improvement work, they will not be responsible for the problem. Also, if a tenant isn’t an individual, with examples of this including the tenant being a Housing Association or Local Authority, the landlord will not be responsible for improvements.

The Act applies to the rental dwelling and common areas where the landlord carried an interest.

The courts are responsible for determining if a property is fit for humans or not. The basis of the court’s findings will be made on Section 10 of the Tenant Act 1985.

Landlords should consider:

  • A lack of ventilation at the property
  • A lack of natural light in the rental property
  • Issues with hot and cold water
  • Difficulties in cooking food
  • Difficulties in washing up
  • Dampness
  • Unstable structure

Landlords could face a compensation order

When a house is deemed unfit for human habitation, and the landlord is to blame, the court can order necessary improvements at the rental home. The courts can also order the landlord to pay compensation to the tenant. The amount of compensation required will depend on many factors. The impact on the tenant, the length of time the tenant has endured a problem and the condition of the rental property are all factors that will influence any compensation.

Most landlords across the country, and in Petersfield, will not be affected by this new Act. However, with tenants having the right to sue landlords when a rental property is in poor condition, landlords must be aware of the new Act.

If you are a Petersfield landlord and you require assistance in letting property, contact Williams of Petersfield, and we will be more than happy to assist you.