Welcome to your November update!




The art of negotiation: Is it time to talk to your agent?


There is an art to everything in life, and when most people rehearse something in their heads, it usually goes perfectly. Put this in the cold, hard light of day, and things can go quite differently. When it’s time to make or accept an offer, the help of a trained expert is invaluable.

Your agent has a database of buyers and sellers
Your agent does so much more than list your property on their website and a few property portals, with maybe a picture of your home in the branch window. Armed with a database of buyers and sellers and a list of contacts longer than your arms, it means that agents complimented with their ability to market your home are best placed to meet your new buyer. And because of this, they are the best people to advise you on your asking price in the first place.

Making an offer
When it’s time to make an offer, you will most likely be wearing your negotiating hat. The market today is in a good place, helped by the huge demand for homes. It’s easy to make an offer under the asking price and miss out on the home you love. But you also do not want to pay over the odds. Estate agents are well-versed in this and will guide you. It’s worth remembering that estate agents are legally required to tell you about other offers, but not each offer amount.

Accepting an offer
It’s not unusual to receive multiple offers on your property, and this is where the experience of a good agent earns their money. Not to mention that you have found yourself in this good position thanks to the agent in the first place. Your agent will guide you along the right path, prepare your home for sale, give you tips on optimising its value, and market it to the right buyers. Then you can decide whether you want to accept an offer or not.

Market knowledge
Your agent will have years of experience in marketing and selling homes in your area. The plus points of the area and of your home are all great selling points. And equally, an agent will have a thorough eye on where you may be able to negotiate. For example, if there is a patch of dampness or something that needs updating

Are you emotionally attached?
Your estate agent will advise you on all aspects of your move. This makes you feel secure and safe before you move. And the more you feel this way instead of stressed, confused, or bemused, the better your entire moving experience will be. Whether you need help finding a better mortgage deal or are unsure of any of the steps involved, from valuing your home to finding the right buyer or your next home, it’s good to have the assistance of an agent. They also remove any need for awkward moments when a buyer makes an insulting offer to your face.

Valuing your home correctly
Getting the correct valuation for your home is vital in today’s market. Get this first step right, and you are already halfway to where you want to be. It’s very easy to overprice or underprice a property. Equally, without conducting a thorough expert valuation, your home may not reach its full value potential. A good agent will not allow your home to hide its true value from you or your buyer.

Get in touch today to make your move happen!
 



What are tenants looking for?



 

As a landlord, you have an awesome future ahead of you, with the demand for rented accommodation growing ever stronger. But that’s no reason to rest on your laurels. The buy-to-let market is changing, and with that come new opportunities and threats. Using a letting agent to handle the entire process is a shrewd move. They will keep you on the right side of the law and help sustain your rental income while giving you more time to enjoy life. As a landlord, you will want to know how to keep your tenants happy and optimise your investment, so here are a few features many tenants are highly interested in.

Energy efficiency
Many renters have become increasingly cost-conscious, so good energy efficiency is a high priority. Modern, clean living that is kind to the environment and has cheaper energy bills with added character is a win for all concerned. Energy-efficient homes are in high demand and can often achieve a higher rental income than less energy-efficient homes. Little things like LED light bulbs and energy-efficient appliances all add to this.

A well-presented home
Good double or triple-glazed windows trap heat while stopping it from escaping. But they also look good and help to create a nice greeting upon entering the property. If a home looks good, it will feel good, and if it’s in good order, it will attract good tenants. A nicely decorated home that is not in need of repainting or regrouting is often better cared for by its tenant, so it’s in your interest to keep your property in good shape.

A good garden
Good gardens are in high demand, and gardens with good outdoor living spaces are becoming expected. Even if you are letting a smaller property with little scope for a garden, adding a nice outdoor area will increase its desirability. This means more revenue for you and an increased level of demand. This will also encourage a good landlord-tenant relationship, allowing you to benefit from the stability that comes with that.

Your property’s location
Different tenants will have different needs, and your property’s location will have many positive points about it. Whether that’s being within walking distance of a great pub, social scene, shops, or if you have a young family, a good school. Excellent transport links also play a big role. The proximity of your property to the motorway, train station, or airport is important. Whether located near the city centre or in an idyllic country setting, your property’s location is a feature of what makes it great.

Make the most of your property
Adding smart technology to the heating system or security system will make your tenants feel secure. Perhaps a well-maintained parking space makes your property a great place to live. Many tenants also appreciate good storage space, and an open-plan design can often help create space. And where you can’t do this, add some mirrors and good lighting to increase the feeling of space.

Support with convenience
A managed property service makes the entire process of renting, for landlords and tenants, a breeze. Tenants can enjoy a swift and seamless move with everything from references to deposits taken care of. Landlords have their property maintained while being connected to experts who will ensure your property is always compliant with good, reliable tenants in place.

Get in touch today for an expert rental valuation of your property.

 



Why do so many people still choose to buy their homes?



Even with mortgage rates being a bit higher than in recent years, though not as high as years further in the past, buying your own home can often be cheaper than renting. But there are many reasons why homeownership is incredibly desirable.

A magical homely feeling
Owning your own home is a unique feeling that can’t be substituted by anything else. It starts when you get the keys and the first time you walk through the front door, and it remains with you every time you come home. It is a feeling that creates a flow of powerful emotions, such as safety, security, relaxation, happiness, and elation.

The desire for a great garden
There are many great homes to rent in the UK, and many landlords are happy for you to take care of the garden while others will maintain the grounds for you. However, if you are a passionate gardener or one of an increasing number who adores outdoor living areas, they are easier to create when you own your own home. Truly reaching your home’s potential takes a lot of investment in time and money. You want to be as free as possible to create your perfect outdoor haven without answering to anybody else.

Something to leave your loved ones
Working hard is a way of life for most people, and even if you are not married with a young family to care for, it’s nice to have something to show for all your hard work. You stand to gain from the equity you accumulate over time, even if the idea of leaving your home to loved ones or the charity of your choice does not motivate you. So, when it’s time to retire, start a business, travel the world, or invest in other properties, you accumulate the means to do so without even thinking about it.

Security
It is a reassuring feeling to know that you are in control of your destiny. You decide where you want to move, sell up, or buy a better property. And if you do have a family to care for, you are providing a place that they can call home for as long as they need it. Moving in the middle of a school year can be difficult for younger family members if your landlord decides to retire.

Monthly outgoings
Despite the recent fluctuations in interest rates, they have remained more stable in comparison to soaring rents. And with fixed-interest-rate mortgage deals for up to five years, you can plan your financial future more easily. This allows you to calculate your household budget for everything more easily, from food shopping and holidays to your savings.

Complete creative control 
Whether you want to rebuild motorbikes in your front living room, knock all the walls down to create an open-plan grand design, or add a conservatory, you can do so without seeking permission. The chances are that you will never want to do any of these things, but there is something fulfilling about knowing that you can, if you decide to do so.

Ascending the property ladder
There is typically more scope to ascend the property ladder if you own your own home. Your first home may need modernisation. This can rapidly add to your property’s value if you carry out the work yourself. Even if you don't, as long as you do not overspend, you will be in a good position to sell up and buy a better home.

Are you in the market for a better property? Contact us today.



What do landlords and tenants have in common?



The landlord-tenant relationship in the UK is often portrayed as strained in the media. Seen as one-sided often in favour of the landlord it’s sometimes justified. However, it’s always a few bad landlords who tarnish the reputation of many. The reality is that there are many great landlords letting beautiful properties, managed by reputable agents, who are changing the rental landscape for the better in the UK.

Both landlords and tenants need and want stability
Stability is key to a good tenant-landlord relationship. As a tenant, you want to feel secure in the place you live, and as a landlord, you want to ensure you have a continuous rental stream. Having a good tenancy agreement in place is vital to securing each other's interests and sets a platform to build trust. It’s important that the tenancy agreement is understood by both parties, and the little details that create stability and happiness are always worth considering.

Property maintenance is central to building a good relationship
Landlords are on the same side of the fence when it comes to keeping your home or property in tip-top shape. You want to live in a well-maintained property; informing your tenant or letting agent of any issues is in the landlord's interests. It stops minor fixes from becoming expensive repairs. A managed property will benefit from an on-call property maintenance team that can sort out any niggles. After all, you want to be happy with your home. And landlords know happy tenants are good for business.

The legal landscape is changing for both tenants and landlords
Each person, whether you are a landlord or tenant, benefits from legal obligations. These, if followed, protect you, and by being compliant, you have a sure legal footing to stand on. Legislation is constantly evolving. The Renters Reform Bill has been on the horizon for quite some time and is very slowly going through parliament. Even though there is a considerable amount of time to wait before it becomes law, many landlords and tenants will benefit from it. However, due to a lack of understanding, some landlords fear it. Getting to grips with legislation will reinforce rights and benefit tenants and landlords.

Landlords and tenants benefit from good communication
This is vital and sometimes neglected by unscrupulous tenants or landlords. From maintenance to preventing misunderstandings that could lead to conflict or confusion. If there is agreed-upon communication established with expectations agreed upon from the start, then you will prevent little niggles and costly issues from occurring. All tenants want to be as comfortable as possible, and any landlord worth their salt will be interested in how to make tenants happy. It’s a real learning curve for both.

Landlords and tenants benefit from fully managed properties
There is a lot to think about and even more to do when letting your property. Tenants also have a time-consuming process to follow, from getting references and gaining a clear understanding of their tenancy agreement to finding a good property in the first place. New legislation and the challenges and opportunities in the rental market make it more important than ever to know your stuff as a landlord. A fully managed letting service can manage every aspect of the property and process for tenants and landlords. This includes property maintenance, rent collection, compliance, to matching good tenants with equally good properties, and more.

Landlords and tenants benefit hugely from a managed letting service. 

 Contact us for more details.



Sophie Ellis-Bextor'Christmas Kitchen Disco' tourSophie Ellis-Bextor heads out with a very special 'Christmas Kitchen Disco' tour, featuring hits from throughout Sophie’s career, as well as some very festive classics, all in Sophie’s own seasonal disco style.Sunday, 26 November 2023, 6.30pmO2 City Hall Newcastle

 

Click here to read Sophie Ellis-Bextor'Christmas Kitchen Disco' tourSophie Ellis-Bextor heads out with a very special 'Christmas Kitchen Disco' tour, featuring hits from throughout Sophie’s career, as well as some very festive classics, all in Sophie’s own seasonal disco style.Sunday, 26 November 2023, 6.30pmO2 City Hall Newcastle.




Categories