Bedrooms that never get used? Too much time spent cleaning and fixing? Yearning to be mortgage free? It may be time to weigh up the pros and cons of downsizing to a smaller property.
You may have joined Instagram to document your life. Some of you may have opened an account on behalf of your pet but have you thought about an Instagram account purely for your property?
There’s only a very small minority of buyers who will purchase a property without visiting in person. For the masses, a viewing is the ‘make or break’ stage in the search process. If they don’t like what they see, they’ll be discouraged from making an offer and will swiftly move on to the next possibility.
As estate agents, we stay up-to-speed with finance news, as mortgage rates have a huge impact on buying and selling activity. As a rudimentary reminder, the lower the mortgage rate, the cheaper monthly repayments become. We know many home movers have delayed buying a property until mortgage rates eased and that has definitely happened as we start 2024.
When Rightmove decided to compile a list of the top 10 most in-demand features among buyers, it looked at more than 600,000 property listings to establish which aspects led to the highest number of enquiries. Forget a garden or being near a station (they languished at the bottom of the list), the most in-demand feature among purchasers is a renovation project – a home classed as a fixer-upper in need of work.
Keeping up with the latest property and mortgage news can feel like a full-time job, and that’s why our team does the reading and research for you. Something homeowners may have missed is the launch of the Mortgage Charter. It got a very brief mention in the press, so we’ve provided some more details in the shape of this Q&A article.
Moving home is one of the most physically, emotionally and financially challenging milestones in life and very few people decide to relocate on a whim. That was until the pandemic.
There are definitely shades of psychology behind buying and selling property, with ‘love at first sight’, ‘gut feelings’ and ‘the heart ruling the head’ coming into play when making decisions. For sellers, how your home makes a potential buyer feel could be the difference between an offer and a ‘thanks, but no thanks’.
The relationship between parents and their children is commonly lifelong but there comes a time when the apron strings are cut and the brood flies the nest. It’s a stage in life when many parents, perhaps reaching retirement age, make a number of lifestyle changes.
There can’t be a seller in the land that doesn’t want their property to sell for the highest price. Although a lot rides with the buyer, their budget and how much they’re prepared to pay, sellers can help themselves when it comes to achieving as close to the asking price as possible.
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