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22Jan


Putting your home on the market can be an exciting time. But once the floorplans have been drawn up, the photos taken, and the property listed online, what else do you need to do? Being proactive at this stage can lead to a faster sale. 


Watch our video from The Guild of Property Professionals for some top tips. 


1. Set clear viewing times. Talk to your agent so they have easy access to the property for viewings, and agree certain times that are not convenient in advance. 


2. Be ready for questions. Draw up a list of frequently asked questions to make sure your agent can get back to a potential buyer as quickly as possible. 

3. Tidy at all times. Making your home look its best at all times can be difficult, but it will be worth it when a sudden viewing crops up. 

4. Be prepared to buy. If you plan to buy and sell at the same time, start looking at properties and seek mortgage advice early on. This shows buyers that you are serious about moving. 

5. Decide what offer you would accept. This will save you time when offers come in. Set a figure that you would accept, and you can happily confirm when the right offer is made. 

As the areas chosen Guild agent we can guide you through the buying and selling process simply call us on 01364 652652.



22Jan

What is the modern method of auction and why is it a good way to sell your home?

Think of a property auction and you may think of developers snapping up a bargain on a TV show like Homes Under the Hammer. But savvy sellers are learning that there is much more to selling at auction, and it’s not all cut-price properties. In fact, the smallest flats to large mansions are all selling through the modern method of auction. 


This is how it works and why you should consider selling through the modern method of auction. 


1. Auctions can run for 14-28 days, so there is more chance for the future owner to think about the price they want to pay and bid accordingly. In the traditional method of auction, lots sell in an auction room, but with the modern method, everything happens safely and securely online. 


2. Completion happens within 56 days, which can be a lot faster than selling your home on the open market. If you want to move quickly, an auction could be the perfect method for you. 


3. We can help you sell through the modern method of auction, so you have the safety of knowing that you are dealing with a local property professional, working in partnership with experts IAM Sold. 


4. Both cash buyers and mortgage buyers can bid for your home, vastly widening the number of people who can bid. All the buyer will need up-front is cash for their reservation fee. 


5. Fewer sales fall through due to the non-refundable reservation fee. This will lessen the threat of an expensive fall through and means that you can be much more confident in your sale. There is also no chance of re-negotiation or gazumping once contracts are signed. 


6. You can save money on estate agent fees. With an auction, the buyer pays the reservation fees. These cover the costs of the auction and leaves the seller without a hefty bill to pay. However, you may still need to pay a small fee to market your home for auction, so be aware of this before you decide on who to sell with. 


7. Competitive bidding can drive up the sale price. You can set your own reserve price, which is a great safety net if the interest isn’t there. However, bidders can often drive up the price when there are two or more parties interested in the same property. You could leave with a price higher than you ever expected. 


To find out more about using the modern method of auction to sell your property - contact Sawdye & Harris on 01364 652652 or cliek here to read more https://sawdyeandharris.iamsold.co.uk/




16Jan

Everybody likes to try to predict what is hapening in the property market for the forthcoming year.  The truth is nobody really knows but data experts Dataloft give us their thoughts and predictions for 2018.


Dataloft expects that UK house prices will rise in 2018 but only by a narrow margin – an average of around 1.8%, ranging from small falls in some markets – notably London, to a 5% uplift in others.  The Treasury, the Office for Budget Responsibility (OBR) and multinational professional services firm PwC have published slightly more optimistic forecasts for the UK average price growth, of 1.9%, 3.1% and 4% respectively.

An escalation in their forecast rates of growth could be triggered by successes in the Brexit negotiations and if economic indicators return to their pre-Brexit trajectories. Downside risks include significant job losses, rising inflation and rising interest rates – all of which will put a squeeze on affordability. New housing supply may also increase as the government continues support this ambition but it is unlikely reach a level which will plug the gap between supply and demand to a level which impacts pricing at a national level.

As ever, there will be significant variations at local level – these are, after all, forecasts of the national average. Local markets can outperform for a plethora of reasons, including: new train services, new employers, new visitor attractions and new housing completions. The national outlook is mostly driven by availability of mortgage finance and economic confidence – if either are low, demand subsides.   

To put forecasts in context, we need to reflect on the state of the market at the end of 2017. The prospect of Brexit and associated economic uncertainty overshadowed the UK in 2017. In the light of this, the UK housing market was surprisingly resilient and continued to gain value, albeit at much reduced rates of 2.4%/2.5% according to Halifax/Nationwide, or 4.5% based on Land Registry/ONS.  In fact, the pace of growth exceeded some expectations, Savills, for example predicted 0% growth in 2017 but fell woefully short of others, such as the OBR’s prediction of 6.5% growth.

For good or bad, housing and house prices were high up the political agenda in 2017, culminating in the abolition of stamp duty for first time buyers in November, for purchases up to £300,000 (or the first £300,000 for properties up to the value of £500,000). Other notable policy interventions targeted the buy to let sector, creating further disincentives to private individual landlords and effectively reducing competition for owner occupiers.

In London, affordability (the ratio between house prices and earnings), or lack of it, began to impact house price growth and the market experienced a significant cool down. We expect the slow market to persist, to give house prices and earnings time to realign. For that reason alone, the UK mainstream market is likely to outperform the London in 2018. The prime London market is also under pressure, still reeling from the shock of further stamp duty changes that affected the top end of the market.


Our national forecast of 1.8% growth in 2018, is based on the signals from these leading indicators: economic growth; interest rates and affordability and sentiment. 

The outlook for the UK economy remains uncertain in the lead up to Brexit and wage growth is likely to be muted as a result, although no sharp falls are expected. All economic indicators are expected to pick up momentum once a Brexit deal has been completed.

Inflation has eaten into household earnings. Any rises in interest rates will push up the cost of borrowing (even if gradually) and, although still low compared to the long term average, it may mean some aspirational homeowners find that they are out of reach for qualifying for a mortgage under the stricter assessments regime introduced after the Global Financial Crisis (GFC) in 2008/9.  

Even so, there is room for further house price growth outside of London, as affordability has not been as stretched, particularly in the midlands and more northern regions. Hometrack’s latest Cities Index highlighted that house prices are growing the fastest at a city-wide level in Edinburgh and Glasgow.

The RICS monthly agent survey gives a useful indication of sentiment in the sector. Opinion on the prospects for house price growth was negative in November 2017, for the fourth consecutive month.

There are also other indicators that impact at a more localised level such as the performance of the London market on the region’s commuter zone, levels of new housing supply, infrastructure improvements and policy affecting sub-markets such as buy-to-let.

While there are variations in the house price forecasts for UK house prices for 2018, as is shown by the individual forecasters contributing to the Treasury consensus (i.e. from negative figures to +4%), Dataloft predict that average prices will rise by low levels again this year (1.8%).


The outlook for UK house prices for the next few years is likely to be a period of continued and prolonged period of low levels of house price growth. Unlikely, however, that we will see price drops across the board although this may happen in some markets.  Through our local research we are able to provide bespoke property research for your area so just email me at katie@sawdyeandharris.co.uk to request your FREE local research to see exatly what is happening with house prices for your village, town or city.


Source: DATALOFT INFORM


15Jan

A sale falling through can be a seller's worst nightmare. It can set your home search back by months and could cost you money. Thankfully there are some things that you can do to prepare yourself for the possibility and to avoid a sale falling through. 


Surveys 


If something unexpected and potentially costly comes up in a survey, it may make the sale fall through. Remember to do your own survey, pick up on any issues and get your paperwork in order before going to the market. 

Chain


A break in a chain can happen for a range of reasons, from people changing their mind to pulling out because of financial problems. Choose an experienced estate agent, like a Guild Member, to help monitor the chain and keep your sale on track. 

Negotiation 


Negotiations can be a tricky time, and you can find yourself dealing with surprising demands. Try to be flexible, and remember that a few small details should not make-or-break your deal. 


Good preparation and keeping calm should keep your sale on track. If the worst happens, get your home back on the market as soon as possible.  To give your deal the best chance of succeeding, choose your local Guild Member Sawdye & Harris to sell your home.


Source: Guild of Property Professionals


12Jan

Moving to a new area can be a daunting prospect. There is nothing that will make your new house feel like a home like making new friends and getting involved in local events. Being involved in the community can bring a sense of belonging, fill your social calendar, and make it easy to find friends. But how can you tell if an area has a good community spirit before you move there?    

  • Visit local community centres, sports clubs, church halls, cafés, and local shops to see what’s going on. Find the notice boards for information on local groups and events.

  • Talk to the local people on the high street. If they are happy to stop and help a stranger, it’s a sign that the community is open, friendly and trusting.

  • A lot of community planning has now moved online. Try searching for Facebook groups and small websites with the name of the town or village. Look at how active the pages are to see if people are engaged.

  • Pick up a local newspaper to find out about upcoming local events. Plus, it’s a good way to find out about the crime rate in the area.

  • Speak to Sawdye & Harris, your local Guild Member, as will know the area like the back of our hands and have a finger on the pulse of local activities.  We are more than happy for you to quiz us during a property viewing, or why not call in and see us when you are in the area.


Source: Guild of Property Professionals


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