Posts with tag: selling a property

NAEA Propertymark’s top tips for selling your house in spring

Published On: March 11, 2020 at 9:58 am

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Categories: Landlord News

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The start of a new season is only a couple of weeks away, so NAEA Propertmark has shared its tips on the best way to sell your house in spring.

At this time of year there is an opportunity for a new beginning, so why not embrace it? As we move into the new season, house buyers are beginning to wake from their winter hibernation and once again continue their search. Therefore, these top tips for selling your house in spring will help to prepare your home and present it in the best light to boost its saleability.

1. First impressions are everything 

Every detail is important, as buyers often make their decision within seconds of arriving at a property. Make sure it looks its best on the outside as well as the inside. 

If your front door is looking a little shabby, buy a new doorknob, a brass letterbox or a stainless-steel house number; these small touches can instantly make your home feel more welcoming. 

2. Spring Cleaning

It goes without saying that a spring clean is essential before a seasonal sale. You don’t want to put a buyer off with a grubby and messy appearance. This needs to be the fresh start that they’ve been looking for!

Give old carpets a deep clean and thoroughly clean all curtains or upholstery that attracts extra dust. It’s a good idea to deep clean all carpets before putting your house on the market as well to ensure the whole house feels clean and fresh.

Just Landlords’ spring cleaning checklist makes for a handy tool for house sellers as well as tenants and landlords.

3. Freshen up your kitchen and bathroom

Kitchens and bathrooms can make or break a sale so now is the time to give them a makeover. Think about hiding any unappealing pipework and fixing worn or broken tiles. You may still be living there, but keep clutter to a minimum when it comes to toiletries out on the side. In the kitchen, replace any worn work surfaces and doors as this will totally transform the space without having to fork out on replacing the cabinets.

4. Let there be light

A dark room is an immediate turn-off to buyers. The easiest first step is to let the sun pour in and maximise natural light as much as possible by opening curtains and blinds and giving any dirty windows a scrub before putting your property on the market.

5. Keep decoration minimal

Interior décor comes down to personal taste, so don’t go over the top. Potential buyers must be able to picture themselves living in the space, and not feel like an intruder in someone else’s home. Anything showing too much personality can be a turn off during a house viewing so it’s best to keep your decoration simple and colours neutral to offer buyers a blank slate to build their own home on.

6. Flowers

Keeping fresh flowers on display is a welcoming touch that will make your home appear well kept. Flowers can play a vital role in giving rooms a lift and create a clean fragrance to greet a buyer. No matter how well your home is presented, a few simple touches with some neutral flowers will enhance the property’s appeal.  

7. Pets

Furry friends leave an odour that pet owners can become immune to over time, but it’s likely the buyer will pick up on this. Air out the property in advance of any viewings, light a freshly scented candle to mask any lingering smells (but don’t leave it unattended!) and consider leaving your pet with a friend or family member for the duration.

Lauren Scott, President, NAEA Propertymark comments: “With housing market activity on the rise during February and March, it’s important to take every step to make your property stand out above the competition. If you are looking to sell your home this spring, turn to your local NAEA Propertymark estate agent who will be able to offer you further guidance on how to maximise the chances of a spring sale.”

Homeowners in “London’s Coolest District” Named the Greediest

Published On: September 27, 2017 at 8:08 am

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Categories: Property News

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Homeowners in up-and-coming Tooting – so-called London’s coolest district – are the capital’s greediest, according to independent estate agent James Pendleton.

This rapidly gentrifying hotspot recently made it onto Lonely Planet’s top ten coolest neighbourhoods in the world, but new research shows that it is also where homeowners’ properties languish longest, as they hang on hoping for a higher price.

Homeowners in "London's Coolest District" Named the Greediest

Homeowners in “London’s Coolest District” Named the Greediest

Unsold properties in the Wandsworth district, which is home to its famous Bec, Broadway and market, have sat around for an average of 313 days (45 weeks), compared to a London average of 163 days.

Peckham, where unsold homes have sat around for 286 days, closely follows Tooting.

This phenomenon is even present in upmarket Knightsbridge, which claimed third place, with 253 days, mirroring a slowdown in the prime London property market.

James Pendleton’s experts said that it was telling that every location in the top ten, besides Tooting, were prime inner London areas, where vendors typically feel that they can rely on extremely high demand to inflate prices. This is despite the annual rate of growth for the UK property market more than halving in the year to August.

Almost all sellers price in an optimistic premium when they sell their homes. However, in times of a slowdown, it is the most nimble vendors – those that are willing to move with the market and act decisively – who benefit.

An army of such sellers are likely to be in Tolworth, Kingston-upon-Thames, where the average unsold property has been marketed for just 30 days, followed by Charlton, Greenwich at 33 days, and Wallington, Surrey on 50 days.

The Founder Director of James Pendleton, Lucy Pendleton, says: “In the world of financial markets, it is often said that hope is not a strategy. Well the same is true of property.

“Some will call it optimism, some will call it greed, but that’s what it means to hang on for a better price in a market that’s not willing to meet your highest expectations.”

She continues: “These statistics reveal the huge numbers of homes that aren’t selling. They’re just sitting there growing stale while their owners resist marketing them at a more realistic price.

“It is remarkable that the distinction is so clear between high-end areas like Knightsbridge, where vendors might not feel the pressure to sell so quickly, and areas in outer London, where property clearly doesn’t hang about.”

She explains: “The market is moving faster in these areas because sellers are keener to sell and willing to do battle on price, shifting their expectations in line with the market as they compete fiercely for buyers.

“That is the approach to take at a time when growth has slowed. The alternative is holding on for that price you dreamt off when you first put your home on the market, but are you then at risk of staring at the same four walls far longer than you expected?”

If you’re looking to sell a property, it may be wise not to take advice from homeowners in London’s coolest district and price your property accordingly!

London Estate Agent Offering the Chance to Sell your Property for Free

Published On: August 22, 2017 at 8:06 am

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Categories: Property News

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London Estate Agent Offering the Chance to Sell your Property for Free

London Estate Agent Offering the Chance to Sell your Property for Free

As it now costs an average of over £9,000 to sell your property in London, one estate agent is offering you the chance to sell your property for free!

Portico London estate agent has created the Portico Property Quiz to help one lucky winner beat extortionate fees.

Those who enter the quiz and score 80% or higher will automatically be entered into a prize draw, with one lucky person winning a 0% fee and a £100 John Lewis voucher.

The majority of the questions are general property knowledge, from the average time it takes to sell a London property to Stamp Duty calculations to a guess-the-price picture round.

The agent has launched the competition at a time when Londoners have to find an average of £9,244 in estate agent fees to sell their properties. This is a huge 414% more than 20 years ago, when the average estate agent fee in the capital was £1,797.

The Managing Director of Portico, Robert Nichols, says: “Everybody wants a quick and easy property sale. Unfortunately, in this market, the time it takes to sell a home can vary greatly, depending on how you sell it and who you sell it with.

“At Portico, we offer a range of unique services to maximise the sale price achieved, from home staging and free handyman work, to an Airbnb management service that enables vendors to earn until their property sells.”

He adds: “We’re excited to be offering one lucky homeowner the chance to sell for free, potentially saving tens of thousands of pounds in estate agent fees. Fancy yourself a bit of a property expert? Take our quiz! https://www.portico.com/blog/our-news/sell-your-home-for-free!

The full terms and conditions can be found here: https://www.portico.com/blog/our-news/sell-your-home-for-free-tcs

If you’re looking to sell your property in the capital, we hope that you beat the fees and manage to win this great prize!

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Fill your Property with the Nation’s Favourite Household Smells to get it Sold/Let!

Published On: August 9, 2017 at 9:24 am

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Categories: Property News

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While we all know that keeping living spaces clean and uncluttered is vital to a quick property sale/let, the smell of a home can also determine how popular it is with viewers – these are the nation’s favourite household smells…

Fill your Property with the Nation's Favourite Household Smells to get it Sold/Let!

Fill your Property with the Nation’s Favourite Household Smells to get it Sold/Let!

The summer is traditionally a slow time for the property market, as people head off on holiday and put their house hunt to one side. But with the warmer months coming to a close, now’s the time to start thinking about marketing your property again.

Whether you’re a landlord trying to get your rental let to new tenants, or a property owner putting your home up for sale, how you present your property is essential in how quickly it gets snapped up (and for what price!).

In the estate agency business, newly brewed coffee and fresh bread are the typical smells that are associated with selling/letting a home quickly and effectively.

But times may have changed – what do prospective homebuyers and tenants want to fill their nostrils when they view a property in 2017?

Leading cleaning experts Dr. Beckmann has revealed the nation’s most popular household smells in its Cleaning and Laundry Bible, and they may just help you achieve a successful sale/let!

Here are Britain’s favourite household smells:

  1. Laundered clothes
  2. Freshly baked goods
  3. Freshly mown grass
  4. Scented candles
  5. Flowers
  6. Freshly brewed coffee
  7. A clean bathroom
  8. Toiletries (e.g. bath bombs)

So the old favourites did make the list! It appears that you can’t go wrong with a cup of steaming coffee or a fresh loaf of bread in the oven, but there are other options that could appeal to the modern home hunter.

If you’re a landlord, you can’t ensure that your current tenants will have recently laundered their clothes when you have a viewing, but you could ask them to light a few candles around the property before you bring new tenants round, and insist that they keep their home clean.

If you’re living in the property you’re trying to sell or your rental is empty, you can go to town on enticing the senses when guests view your property – simply putting a vase of fresh flowers in the hallway or mowing the lawn before a viewing could make all the difference.

What are your favourite household smells?

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Top Tips for Selling a Property in Winter

Published On: November 25, 2016 at 10:25 am

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Categories: Property News

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During the winter months, when the days are shorter, the property market is known for slowing down, but this doesn’t mean that buyers stop searching. If you’re thinking of selling a property in winter, follow these top tips from the National Association of Estate Agents (NAEA).

While many sellers postpone putting their property on the market until the spring, now could be the perfect chance for you to take advantage of those buyers still seeking a new home.

By following a few simple steps, you can ensure that you market your property in the best possible light to capture a buyer this winter.

The President of the NAEA, David Mackie, says: “Traditionally, sellers hold off from marketing their homes in the bleak winter months, because they think it’s a bad time to sell. But it is time to go against these outdated claims and get your homes market ready by making small but effective changes to make your home an inviting prospect for potential buyers looking to make a winter purchase.”

These top tips will help if you’re selling a property in winter:

Don’t forget the exterior

Make sure your property looks well maintained and cared for from the outside by washing your windows and walls to remove any dirt. You should also clear the path of leaves and ensure there isn’t any ice on the paths that could cause an accident. Remember that the first few seconds upon arriving at the property are the most important in impacting the buyer’s decision.

Keep the entryway clear

Top Tips for Selling a Property in Winter

Top Tips for Selling a Property in Winter

With the bad weather comes untidy and cluttered homes. Put a doormat down inside the door for you and your prospective buyers to wipe your feet on, and remove any excess shoes or wellington boots from the entryway.

Let the light in

With shorter days during the winter months, it is vital that you maintain a good level of lighting in your property to make it inviting to visitors. If you’re hosting evening viewings, create a warm and cosy ambience with lamps, and don’t forget to put any outdoor lighting on too. Always make sure that the bulbs are working before a viewing.

Welcome your guests

Decorating your property for the festive season may help your guests feel welcome and comfortable in the home. But don’t go too overboard, as you don’t want the property to seem over-cluttered. Buyers should be able to envisage themselves living in the home, so it’s worth making it as inviting as possible. Smell is also important, so think about lighting some candles or bringing in some winter plants.

Remember the garden 

Messy and unkempt gardens can detract buyers, as they suggest that they’re difficult to maintain. The winter weather can also tire garden furniture, so clear it away or cover it securely. It’s worth braving the cold and spending a few hours trimming back bushes, mowing the lawn, removing fallen leaves and creating a tidy outdoor space. It’s also wise to trim back overhanging branches, as this will encourage as much light into the property as possible. Increased rainfall over the winter months also takes its toll on the guttering, so check for leaves and other debris.

Tackle any DIY jobs

If you’ve been putting off DIY jobs, the perfect time to address them is if you’re selling a property in winter. Whether you have leaky taps or cracks in the walls, make sure you put them right before viewings. Although you might not notice these small defects, potential buyers will spot them immediately, and you don’t want them to get worse during the colder months.

Going away for Christmas? 

If you have a holiday booked this Christmas, don’t forget that the heating in your property should be left on at a low temperature (a minimum of 15°C), to prevent the pipes from freezing. If you’re going to leave the property vacant for a long period of time, but don’t want to leave the heating on constantly, make sure it is set on a timer. The NAEA advises leaving it on for longer spells at a lower temperature than shorter blasts at a high temperature. This will ensure that there are no problems for you to face upon your return. If you’re a landlord, remember that you must still protect your property when it is unoccupied.

Are you thinking of selling a property in winter? We hope you secure a successful sale with these tips!

Selling a property most stressful life event

Published On: September 21, 2016 at 9:11 am

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Categories: Property News

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A new survey has revealed that selling a property is the most stressful life event.

The study, conducted in the summer of 2016 by Vivo Property Buyers, found that selling a home is more stressful than having a baby, moving job roles and planning a wedding.

Stressful

Ensuring a guaranteed sale, alongside receiving the highest possible price are two significant factors that were important to house sellers, thus contributed most to their stress levels.

Jantiene Sobry, co-founder of Vivo Property Buyers, agreed with the findings, noting: ‘this is very true and completely understandable. It is the biggest asset most people will ever own and the process is long and daunting. It is the unknowns which make it a stressful event in your life.’[1]

‘This is exactly the reason why we set up Vivo Property Buyers. It seemed that within the property industry, there was only one known way to sell your house: selling on the open market. There is a real niche in the market to create a stress-free guaranteed house sale process without having to jump an endless amount of hoops,’ she added.[1]

Selling a property most stressful life event

Selling a property most stressful life event

Results

Further results from the survey revealed that short-term loan companies are the least trusted in the industry. In addition, the average time people estimate it will take to sell their property is between three and six months.

The most popular choice of selling a home is through a local estate agent.

What’s more, the survey found that there is still a stigma attached to the property buying industry, in comparison to local estate agents. However, Rupert Sobry, husband of Jantiene, remains optimistic.

‘Luckily, organisations such as the Property Ombudsman came into play to regulate the industry and protect consumers. Still, unfamiliarity breeds concern. It’s human nature to be suspicious about new things. Hopefully regulated Fast Property Buyers will soon be seen as equals to estate agents. Sellers can make their choice as to how they would like to sell but at least they have several options as opposed to only one option in the past,’ he observed.[1]

[1] http://www.propertyreporter.co.uk/property/survey-reveals-that-selling-a-house-is-the-most-stressful-life-event.html