One of the first things a tenant will ask a letting agent when offered a property is “How long has it been available?” – and with good reason. Moving house is a huge event and it takes courage to commit to undertake such a decision – often with very little support other than pure instinct.
If you’re thinking of moving, beware of agents who advertise a surprisingly low commission to entice you, as a prospective seller, to invite them to your home with a view to listing your property with them. They might even offer to throw in the VAT, conveyancing and other costs! Smell a rat?
Stamp duty originated in the 17th century when duty stamps could be purchased and attached to a transactional document to prove that any tax due on the transaction had been paid. Today, tax relating to the purchase of land is known as “Stamp Duty”, or, more correctly Stamp Duty Land Tax (SDLT).
Recent research concurs with our own view that most buyers buy on instinct, typically viewing their eventual home no more than twice before making a decision to buy. Buying a property certainly appears to be a decision of the heart over the head. In other words, the “I’ll know it when I see it” approach turns out to be quite reliable.
If your property is currently on the market, it may be tempting to assume that your agent is in full control of the situation and that sooner or later a buyer will materialise. But don’t be so sure! Sometimes an agent will take the same view and simply sit in hope, having apparently exhausted their own marketing options.
It is often said that people don’t like change. Don’t you believe it! They love it. Why else do we constantly upgrade our mobile phone, why do we eat at a variety of restaurants, why do we always want to see the latest films or drive the newest car? Because we like change! Or rather – improvement.