When it comes to the property and lettings market, there is a significant level of connectivity. If you are selling your home, you need to think about buyers; but also, the actions (or inaction) of tenants may also influence what you can and cannot do. Continue reading “What Is Priority For Non Home-Owners?”
Confidence can make a massive difference in the property market, and it is easy to see why so many people want to feel more optimistic about the market this year. Information provided by NAEA Propertymark isn’t going to dampen enthusiasm, and it is easy to see why many people feel 2020 could be the year when things improve with buying and selling homes.
A lot of the optimism stems from the organisation stating the number of prospective buyers, and the number of agreed sales, increased in December 2019, compared to December 2018.
The year on year sales agreed per member branch stood at five in December 2017 and 2018, but in December 2019, the number have increased to six agreed sales per branch. This may not seem like much, but any step forward is to be celebrated, and there are many reasons why December is a slower month in the market.
Of course, the General Election of 2019, and the convincing margin of victory for the Conservative Party means December 2019 wasn’t a standard month or a typical December.
Sales to first-time buyers increased
The presence of first-time buyers is crucial, because this is the largest group of buyers in the property market. The number of sales made to first-time buyers in December 2019 increased marginally from November 2019. The figures moved from 28% to 29%. However, the year-on-year figures showed a notable increase of 5%. The December 2018 figures stood at 24%.
There was a fall in house hunters registering with estate agents
One area where there was a slight hit in the market was the number of house hunters registered per branch. In November 2019, this stood at 332, but in December of 2019, this had fallen to 313. This is the lowest figure since July 2019, when there were 305 house-hunters per branch. However, there was an increase in the year-on-year figures, which stood at 304 potential buyers per branch in December 2018.
More homes were supplied to the market
In November 2019, there were 39 homes supplied to the market per branch, and by December 2019, this increase to 41. This is the highest figure since August 2019, when there were 44 houses per branch on the market. There was a slight dip in the year-on-year figures, moving from 42 in December 2018.
Mark Hayward is the Chief Executive, NAEA Propertymark and he said; “After a period of suppressed market activity due to Brexit and political uncertainty, the clear outcome of the General Election in December has injected some much-needed confidence into the market.”
Mark continued by saying; “Despite it typically being a quieter time of the year seasonally, our figures have shown positive trends with both demand and the number of sales being high in comparison to previous years, as both buyers and sellers no longer hold off on their plans. This is an encouraging close to the year and we hope to see more of this stability in 2020.”
If you plan on making a move in or around Petersfield this year, contact Williams of Petersfield, and we will be happy to help.
In the aftermath of the General Election in December of 2019, there was a significant spike in mortgage searches. It is likely this increased level of buyer demand will continue in 2020, which means if you are considering selling your home, 2020 is the year to do so.
Of course, more buyers usually lead to more sellers in the market, so it will likely still be a competitive time in the property market. Therefore, if you plan on selling your home, you should be looking for ways to enhance your chances of selling your home quickly and without too much effort.
At Williams of Petersfield, we are pleased to say we have assisted many clients in selling their home, and here are our top tips to sell your home effectively in 2020.
Choose a traditional agent, not an online estate agent
There is no denying online agents have affected the property market, and that some vendors have found their service to be of benefit. Over time, the importance of online agents will increase, but right now, the market isn’t quite in a position where you should opt for an online agent over a traditional agent.
Online estate agents are still more likely to list your property and expect you to sell it, as opposed to selling your home for you. This isn’t a suitable standard of service for most vendors, and we believe you will be much better off relying on an agent who has helped many people sell their home.
We believe choosing an agent with demonstratable experience and expertise in your local area, with your type of home, and with buyers who are likely to show an interest in your home is the ideal starting point in selling your home quickly and effectively.
List your property at a realistic price
While selling your house for as high a price as possible would be a tremendous outcome, this shouldn’t be a strategy you start off with. If you place too high an initial price on your property, you will struggle to attract attention.
Therefore, it is best to call on a local agent to evaluate your home before coming up with a value. External factors such as supply and demand, and local facilities, influence property price as much as the condition of the property. Therefore, it is best to call on an expert who understands the local market, and who can place an accurate value on your property.
Evaluate each offer on its own merits
If you are fortunate enough to receive more than one offer, don’t just assume the highest offer is the best offer for you. You should consider if the highest offer is part of a chain, or it comes from a first-time buyer. A buyer who isn’t part of a chain is likely to be a more appealing buyer to you, as chains add risk when selling your home.
If you are looking to sell your home in 2020, contact Williams of Petersfield, and we will be more than happy to assist you.
Whether you are a landlord, a vendor or you have no intention of selling or letting your home soon, there is something which unites us all. If you own a property, you must make sure it is cared for in the winter period. Challenging weather conditions put homes under greater pressure, and if your home isn’t ready for winter, the inhabitants are in for a miserable few months.
At Williams of Petersfield, we encourage homeowners to be proactive when it comes to caring for their home this winter. If problems arise, you should act quickly, but it is better to act now and ensure problems don’t arise than it is to deal with issues. We are here to provide you with guidance which will minimise the likelihood of problems arising this winter.
Have your boiler serviced
Repairing or replacing a boiler is expensive, and it is obvious why many people would rather not worry about their boiler until an issue arises. However, this is the wrong attitude to have because if something does go wrong with your boiler, it can be a disaster.
When a boiler isn’t working, the property is cold and miserable. If you are a landlord, you will have a very unhappy tenant. Also, when a problem arises, the cost of replacing the boiler, and calling out a plumber in an emergency, is often very expensive. It is far more cost-effective to be proactive than reactive.
Protect your pipes
If your pipes burst or freeze, you are again in for a miserable time. It is vital you lag your pipes to protect them from cold snaps, and to maintain a level of consistency in their heat. You can buy commercially available lagging, but you can also use material that you have in the property. Lagging your pipes don’t have to be stylish, but it must be effective.
Review the roof
Quite often the roof is out of sight and out of mind, but if there are problems with your roof, you will suffer in winter. If rain or wind gets in, the house will feel cold and miserable. Energy bills will sky rocket, and there is a strong chance people will suffer ill health.
Therefore, it is imperative you call on expert to review your roof, and if any changes need to be made, you should make these changes.
You should also take the opportunity to clear your drains and gutters. If these are filled with leaves and debris, water is blocked and will be diverted. This may see water flow into your home, and this can cause considerable damage. Clearing your drains isn’t a job most people like, but it is one you must take care of.
When it comes to caring for your home in winter, it is better to act now than wait for a problem to arise. If you need assistance in managing rental property, or you want to learn how to care for your home before selling it, get in touch. At Williams of Petersfield, we are pleased to say we support the local community, and we look forward to helping you.
If you are planning on selling your home in 2020, there is no harm in planning what you want to do. You will likely have some thoughts about the sales process, but the most important thing to remember is you want to appeal to the buyer. When you know what home buyers want from a home, you are in a much better place to provide them what they are looking for, which helps you sell your home.
At Williams of Petersfield, we are pleased to say we have helped many local vendors sell their property. We help connect vendors with people looking to buy a home, and we know how to provide them with what they are looking for. Our local knowledge and expertise make a massive difference in selling homes in Petersfield, and if you are looking for guidance, we are here to assist you.
Do you know what buyers love to see?
We also stay in touch with the latest studies and findings relating to the property market. A recent survey carried out by Hyperoptic indicates the following issues are very important for buyers when they look at property:
- The number of bedrooms in a property is an important factor
- Having a fast and reliable internet connection is crucial for buyers
- Buyers want to be located close to a pub
While the importance of a local pub may change for some buyers, it is easy to see all three factors matter when it comes to selling your home. The number of bedrooms in a property has always been crucial. When a buyer searches for property, one of the criteria they normally search on is the number of bedrooms.
Broadband connectivity is crucial for buyers
It is also fair to say that a fast and reliable internet connection is essential these days. So much of modern life is dependent on the internet, and a lot of people will struggle if there is no reliable broadband at home. Whether someone wishes to work, or they want to stream live sports and the best boxsets, internet connectivity is a crucial factor for buyers.
Even if you aren’t too bothered about staying close to a pub, it is correct to say most buyers are looking for the chance to shop locally. When there is a sense of community in the local area, people feel at home, and this allows people to make the most of life. Online shopping provides flexibility for people, but there is no getting away from the importance many people place on shopping locally and meeting people.
Other factors which were cited in the study include living close to a train station and having a post box or post office close to the property. If you have these elements in your local area, make sure you inform potential buyers of their availability, as this may draw additional attention to your home.
If you are looking to sell your home, contact Williams of Petersfield and we will be more than happy to assist you. We are pleased to say we have helped many local homeowners connect with buyers, and sell their home.
Selling your home is one of the biggest decisions you will likely make in your life. Therefore, you probably don’t have just one reason to sell your home, you will likely have a lot of reasons. While there will be personal reasons and circumstances which influence your decision to move, there are many common reasons to sell your home this winter, and if you are looking to sell, Williams of Petersfield is here to help.
We know that spring is traditionally the busiest time of year when it comes to selling homes in England. However, in recent years, there has been an evolution in the marketplace. The emergence of online property portals means it has never been easier for buyers to review homes from the comfort of their own home, or wherever they access the internet.
Winter is a busy time of year
You’ll find the run-up to the festive period, you are busy with a lot of things. The thought of preparing your home for a sale may be the furthest thing from your mind. However, as soon as Christmas Day is over, people are looking for their next adventure or activity, and moving home becomes a priority for a lot of people.
There is a phenomenon called The Boxing Day Bounce. It initially referred to the retail sector, with consumers spending a lot of money on Boxing Day sales. Nowadays, it refers to the huge influx of people landing on property portals between Boxing Day and New Years Day. Rightmove have issued figures for recent years which suggests there is a massive volume of buyers at this time, and this means vendors should hold an interest in selling their home.
Are you looking to sell your home in winter?
Some of the leading reasons to sell your home in winter include:
- A reduction in competition in winter, as there are homeowners who don’t want to sell their home
- There is a welcoming nature to good homes in winter, which means many buyers will fall in love with a property
- If a buyer arranges to view a home in winter, it indicates they are committed to the process
- With many buyers looking to involve their children in the buying process, there is a demand for viewings during school holidays
- Anyone looking to enjoy a fresh start in the New Year should be motivated to start the sales process as quickly as possible
All these reasons are hugely important in why you may wish to sell your home in winter. There is demand for buyers, and you will likely have some motivation to move on. When these elements combine, it makes sense to act upon it, and enter the sales process.
While many people prefer to focus on Christmas, if you can balance these different aspects, you will enhance your chances of reaching out to a buyer.
If you’re looking to sell your home, contact Williams of Petersfield, and we’ll be more than happy to assist you. We are pleased to say we have assisted many local landlords in selling their home, and we are keen to help you, so get in touch today.
If you are selling your home, you should know you need an Energy Performance Certificate, an EPC. While this document is a legal requirement, it is also an extremely useful document. In a competitive market place, you need to make a compelling argument for prospective buyers to fall in love with your home. Continue reading “Make Your Home More Energy Efficient Before Selling”
Selling your home isn’t easy, and there is a lot of work to do to ensure your property is ready to appeal to buyers. It is likely you are focusing on presenting your home in the right manner, and on the moving process. There is a lot of physical work needing taken care of around the property when you sell your home, but don’t overlook documents relating to administrative and regulatory matters.
There are documents you need when selling your home, and at Williams of Petersfield, we are here to help. We have helped many local homeowners sell their home, and we know how the process works. If you want a company who takes you from start to finish, while making the process easier for you, get in touch with us.
Documents you need include proof of identity
Before you sell your home, you need to show your solicitor identification which proves you are who you claim to be. Documents which provide photographic identification, such as a passport or driving licence, and something which states your address, such as a utility bill, is sufficient.
There are strict anti-money laundering rules in place, which require professionals in the industry to carry out these checks. If you are looking to sell your home, these documents are vital. Having them close to hand will speed up the process.
Basics first: to sell your house, you’ll need to provide your solicitor with some ID to show you are who you say you are. This is usually proof of your current address, such as a recent utility bill, plus photo identification (e.g. passport or driving license). Other documents may be accepted, so check with your solicitor or conveyancer beforehand.
You must provide the title deeds
It stands to reason that if you are looking to sell your home, you must prove you own the property. If you cannot find your title deeds, don’t panic. The solicitor who helped you buy the property should hold a copy, and if they don’t, your current solicitor should be able to obtain the official deeds from Land Registry.
Of course, if you don’t have them to hand, it may take some time to arrange copies or the official document, so this may slow down the sales process.
Freehold or leasehold?
Whether your home is a leasehold or freehold property, you should have documents stating what is appropriate. It will be helpful to have these documents available during the sales performance.
You must offer an Energy Performance Certificate
Vendors are legally required to provide the Energy Performance Certificate, EPC, for the property when selling it. If you don’t have an EPC in place for the property, arrange for the evaluation to be carried out.
At Williams of Petersfield, we are pleased to say we have helped many local vendors sell their home. If you need assistance taking the stress out of the sales process, get in touch and we’ll be happy to help.
We all know space is vital in your home. This is true if you plan on living in your home for many years, or if you plan on selling your home. Continue reading “How To Make Use of Wasted Space To Add Value At Home”
It is perfectly natural for a homeowner to buy and sell property around the same time. If you already own a house and it is time to move on to a new one, it is very likely you need to sell property as well. However, if you are weighing up your options, is this the right approach to take?
You may feel as though you have no other option. After all, you need a place to stay, and you are only selling your current home because you are moving to a new one. If you didn’t plan on buying a new home, there would be no need to sell your current home. So, the process goes hand in hand, even if attempting both activities at the same time makes for a stressful time.
There are reasons to sell property before you buy
If you are looking to sell your current home before you begin the process of buying a new home, there are reasons to do this.
When you aren’t attempting to sell at the same time as you buy, you are in a stronger negotiating position when you sell. Some vendors have found themselves accepting a lower offer than they would like, simply because of the deadlines of the buying process. When you aren’t pushing through a property purchase, you have a stronger position to sell.
When you aren’t buying at the same time as you sell, you aren’t part of a property chain. This is a great asset to have when you eventually get around to buying a home. You will already have sold your property, be free of a property chain, and you’ll look more appealing to vendors. This factor alone may not make the difference when there are many bids in for a house you like, but it may.
Vendors want to avoid a chain, so if there is an acceptable offer from a buyer who isn’t involved in that process, their offer automatically carries additional weight.
Another reason to sell before you buy is you think house prices are going to fall in the near future. If you sell for a high price, and it then becomes more affordable to buy property, you can enjoy a profit on your home. You may use this money to buy a larger home, or you may put it to good use in other ways.
There are reasons to consider selling and buying at the same time
Of course, you must be aware there are reasons to sell and buy property at the same time. While there is a lot to be said for selling first and then buying at a later date if you believe property prices will fall, but what if the opposite happens?
If you sell your home and then house prices rise, you may not be able to buy the home you want, or you could find yourself priced out of the market. It is easy to see why many homeowners choose to buy or sell at the same time, because it minimises problems like this occurring.
There is also the fact many people would rather not rent. When you rent, you spend money that gives you nothing back, and it can be expensive. Therefore, it is best to coincide the buying and selling of property, so you can move from one house to the other.
If you are looking to sell your home, and you need guidance, please contact Williams of Petersfield, and we will do everything we can to assist you with the process.
We all know that selling your home can be a challenging process. It is likely you will feel under stress and pressure, because there is so much at stake.