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We Make The Most Property Moves….
Red Hot Property continues to produce extraordinary results for our clients, despite the challenging market. We sold more homes than any other agent in the Tyne valley throughout 2009, 2010 and 2011 – and we have now extended this success into 2012. Between January and March this year we sold an outstanding 46% of available homes in postcodes NE46 to NE49.
Should the current stamp duty land tax be reviewed?
Anyone who buys a residential property in the UK is currently liable to pay stamp duty on their purchase. The tax is charged on a ‘slab’ basis, meaning the percentage of tax that is charged applies to the entire amount paid for the property; as follows:
Residential land or property SDLT rates and threshold
| Purchase price/lease premium or transfer value | SDLT rate | SDLT rate for first-time buyers |
| Up to £125,000 | Zero | Zero |
| Over £125,000 to £250,000 | 1% | Zero |
| Over £250,000 to £500,000 | 3% | 3% |
| Over £500,000 to £1 million | 4% | 4% |
| Over £1 million | 5% | 5% |
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.
