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Why Now is a Great Time to Buy Property!
The economic climate continues to challenge our thinking and indeed our approach to financial matters in general. It is no surprise that during these times our instinct is to adopt a more conservative attitude towards spending, particularly if the amount we are due to forgo is significant and long term.
It is Important to Remain Open Minded and View Properties
In a crowded buyers market it may be tempting to ‘hang back’ and not appear too keen! However, my advice to buyers is to actually do the opposite. Although you do have the upper hand, complacency should be avoided if you are to strike the best deal. By best deal I not only imply financially, but also infer how closely a particular property matches your requirements.
2011 Property Market Review in Brief
2011 – What a year! Lot’s of up’s and down’s (and quite a few round and rounds!) From a purely objective viewpoint, it has been fascinating to watch the economic and political manoeuvrings; some of which will have a significant effect on our futures.
10 Crucial Property Selling Tips
The relationship between a vendor and their selling agent is often paramount to the success of a property sale; however there are many intricacies that are simply overlooked or forgotten, often to the detriment of the sale.
The New Online Magazine for Tynedale is Launched
Into The Valley, the new online magazine for Tynedale, is now live at www.into-the-valley.co.uk
To subscribe for email updates go to: Into the Valley Email Alerts
Twitter: @intothevalley1
Facebook: Into the Valley on Facebook
Enjoy!
The Influence of Online Marketing Media
There is no doubt that the growth of Red Hot Property has been significantly boosted by the staggering levels of referrals we receive. In fact, for the last three years around ¾ of our property listings have resulted from a personal recommendation.
A Tough Property Market Requires Strong Selling…
These are challenging times. The banks remain extremely strict with their lending, inflation continues to roar, jobs remain vulnerable and the further afield you look the more turbulent economies seem to be.
On top of all this 70% of all homes listed for sale in 2011 remain unsold, according to the leading property portal Rightmove.
Beware Property Market Analysis!
I am always interested to gain insights into market activity. They allow us a wider perspective of the economic status quo and an opportunity to compare this with our own performance. The most recent snapshots I have been receiving however are quite out of the norm, sometimes confusing and often contradictory. This seems most prevalent with information relating the mortgage market.
Organise Your Finances And Mortgage Early On
It’s a ‘buyers market’ at the moment and there is certainly more property for sale now than for a very long time. However, it is not all plain sailing for the buyer. Despite the incredibly low interest rates, gross mortgage lending is at an all time low. It appears that the banks are very wary of who they will lend to and what they will lend against. This delicate economic climate has made lenders very cautious and the result is a stagnating market.
Gazumping – Unpleasant but Totally Legal
The process of buying or selling a house can be riddled with stresses, pitfalls and potential for disappointments. Amongst all the issues I face within estate agency, gazumping is certainly one of my least favourite.
The process of gazumping exists when a seller accepts an offer from a potential buyer, but then following acceptance of this offer, accepts a higher offer from an alternative buyer. This situation inevitably causes a great deal of upset, but despite the moral issues often raised, unfortunately the whole process is perfectly legal.
