What's happening this month?

What's happening this month?




What to do if your home is not selling

 
Each sale experience is different from the last, so it's important not to be alarmed or lose heart if you come across any unexpected delays during the process.
 
 
By choosing a local agent, you'll have someone by your side to guide you through each step, and offer their expert insight on navigating the market in the best timeframe possible.
 
To offer our guidance, here are certain contributing factors that you can do to help speed things along, including the following top tips:


Know the market

The more informed you are about the property market and the current value of your home, the more informed you will be about your own sale and chances of success.
 
When consulting an estate agent during a valuation, make sure you are fully prepared and receive all of the information you need to make the right decision.
 
How are they planning to market your property to increase marketing exposure? What timeframes would be realistic to sell your home? Is the valuation figure you've been provided achievable?
 
Having strong local ties can be a really important benefit when selecting someone to sell your house, as they will often have the resources to target local buyers, as well as a sizeable database of contacts to connect with your home.
 

Seal the deal

One way to avoid unnecessary delays is to handle your finances and approach mortgage advisors and solicitors ahead of time, so that when you are ready to make or accept any offers, you can close on those deals with minimal hassle.
 
 
Fix up your home

Whilst some buyers are specifically looking for their next renovation project, the majority would prefer to move in to a home that's ready to be lived in immediately, without the stress of completing repairs or changes.
 
If you're able to complete any work on your house, this will reduce the number of faults that are potentially picked up by buyers viewing your property, which could also reduce the number of offers being put in below the asking price.
 
 
Stage your home

Effective property staging is one of the most important ways you can attract more interest.
 
This involves making your home look 'show home ready' and essentially presenting viewers with a blank canvass to fill with their own style and character.
 
A well-staged property will show off how much space your home has to offer, with your own personal belongings hidden from view.
 
 
Whilst it can be difficult to predict how your home will perform on the market, an informed local agent will be able to guide you on what to expect, with a realistic timeframe and a plan of action – should your sale take longer than you'd hoped.
 
For more information, speak to our team today.
 
 



From ‘generation rent’ to ‘generation buy’

 
In a recent conservative conference, Boris Johnson promised to create two million more homeowners by changing ‘generation rent’ into ‘generation buy’, in the hope that the UK can return to normal post-COVID.

Mr Johnson continued by suggesting that the current levels of home ownership among the under 40s was ‘disgraceful’.
 
These levels have been plummeting dramatically over recent years, which has made people “pay through the nose to rent a home which they can’t truly love or make their own”.

To do this, changes to the regulations introduced in 2008 are required.
 
Previous strict minimum capital requirements, which were imposed on UK banks, are being blamed for initially making owning a house unattainable for various individuals.
 
These individuals may have been able to afford the monthly mortgage fees associated with homeownership, but the initial upfront deposit being between 15 and 20 per cent, it’s clear to see why renting was the only option for most.
 
Due to this, private rent increased from 2.8 million in 2007 and to 4.5 million in 2017.

So, what’s the solution?

The Prime Minister’s ambitious plans to ‘fix our broken housing market’ begins by slashing the current deposit rates to only 5% for first-time buyers.
 
As a result, this will be the biggest expansion of the sales market since the 1980s.
 
This will be welcome news for potential first-time buyers nationwide, and a great boost for the property market post-lockdown.

To view our properties, visit our website today.
 


 



Tips to create a home office without losing an entire room

 
The verdict is in, working from home is here to stay!
 
Government guidelines state that employees need to work from home, where able, over the course of the second national lockdown.
 
However, when asked, over half of respondents claimed that they would continue to work from home on a permanent basis. Out of those who did not wish to work from home permanently, the majority blame the lack of a home office to operate from.

So, how can you create a working space if you don’t have a whole room available?
 

Share space – Look at areas around your home where you can make a room multi-purpose, with the addition of a desk and chair in your spare room, kitchen, living room or dining room.
 
This will not only use up wasted floor space but offers a practical solution. It is also a great way to prioritise your home décor pieces.
 
For example, if you are lucky enough to have a spare room, a large double bed that is rarely used can be replaced with a sofa bed.


Re-purpose furniture – If you have an unused piece of furniture, such as a dressing table, you can re-purpose them into a sizeable desk space.
 
This option is not only eco-friendly and cost effective, but super easy, as you can simply transform the current location of the furniture into your office zone.
 
Our top tips for creating a cosy yet productive home office space is to position yourself away from any distractions like windows, and use plants and candles for a more homely feel.


Staircase solutions – The area under the stairs is often overlooked, so this can be a great solution to needing a home office.
 
Ideally, an open staircase without risers is best for this hack, but this can be adapted depending on the space you have to work with. The area under the stairs is notoriously dark, so good lighting is key here – this can be yellow or white light, depending on the vibe you wish to create.
 
If you want to go all out, bespoke built-in office spaces are a great way to utilise the entire area.
 
 
Cupboard office – This revolutionary workspace solution, nicknamed a ‘cloffice’, is a great alternative to a clunky desk in the middle of a room.
 
To create this, use a spare wardrobe or large cupboard – this works even better with built-in furniture.
 
Use shelving to create an area to hold your computer and files, and decorate to your taste. The best part about this hack, is that you can close the doors on your home office after your work is done for the day. Perfect to help maintain a healthy work-life balance.
 

Utilise outdoor space – If you’re lucky enough to have a summer house or garage, these can be transformed into a dedicated home office.
 
Summer house solutions are great for the winter. Just add a heater and invest in a secure locking system to keep your items safe, and you’re good to go!
 
For a garage, this may be slightly more expensive, but will work all year round. To start, cover the concrete floor with rugs or a fitted carpet to warm up the space and pay attention to the walls, as these may need insulation.
  
 
To find out what properties have recently come onto the market in your area, contact us today.
 




Why you should consider buying or selling before Christmas

 
There are a wide range of influences that can prompt people to buy or sell in the run up to Christmas.
 
With market momentum showing no signs of slowing down, we've pulled together the key reasons to explain what's behind property market activity at this time of the year.
 
 
Avoid unpredictability

In 2020, it's fair to say we've all had a rollercoaster of a year so far, with the pandemic and Brexit negotiations making it hard to predict what could happen in the months to come.
 
However, what we do know right now is that the property market will remain fully open and that agents are being actively encouraged to continue progressing sales and lets, which should give homeowners and movers confidence regarding current market conditions.
 
At the same time, there's also the stamp duty holiday to consider.
 
Ending in March 2021, the scheme will mean you could save thousands off your next property purchase, incentivising many of us to make full use of the savings on offer.
 

Stand out

With some homeowners hesitant to buy or move in the winter months, you're guaranteed better chances at finding serious buyers and seeing less competition for their attention.
 
Whilst November and December are months that traditionally see more motivation from home movers, this will be especially prevalent this year, with everyone invested in completing before the stamp duty deadline.
 
Meanwhile, as a buyer, your offer is likely to stand out, meaning you can reach 'sale agreed' sooner than in other seasons.
 

Interest rates

At the moment, interest rates are at a historic low, making it one of the best times to find a great deal on mortgages.


Don’t get caught out in the spring rush

In the past, we've experienced a spring rush, as those who had delayed their move for warmer months flood back to the market.
 
Increased competition can often mean that you initially receive fewer viewings and offers, with buyers' attention divided by the new listings coming onto the market.
 
By avoiding the spring rush and starting the process now, you could secure a buyer in advance and be in your new home in 2021.
 
 
To get started with your property sale or search, contact our experienced agents today.