One of estate agency’s fundamental tasks is to secure the highest price that an able purchaser will pay for your property in a given market. In an ideal world, we would have a hot-line to Camelot who would feed us with a regular supply of lottery winners prepared to pay ridiculous prices for modest properties. Continue Reading
Many property transactions form part of a chain of related sales. Of course a chain is only as strong as its weakest link and, as a national statistic, unfortunately, one in every three chains will fall apart, often at the eleventh hour. This happens for a variety of reasons from one party’s mortgage glitch to Continue Reading
One of the property terms that can be confusing is the word “deposit”, especially among first-time buyers who have previously been renting. For example, consider this statement: “When Jake got his deposit back he had enough for his deposit, although this was not enough to cover his deposit.” There are three uses of the word Continue Reading
Some local sellers have approached us to sell their property following a less-than-impressive performance by an online alternative to “proper” estate agency. Although it is always tempting to say “I told you so”, we wouldn’t be so harsh with someone who has just been through the mill with the wrong choice of agent.
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 Continue Reading
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 Continue Reading