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When you put your property on the market, you put your trust in us – the experts you have chosen. We have the details, we know your expectations, and our aim is to get you moving as soon as possible.
Sometimes, different agents will come to other prices and of course, there are reasons for this, such as an estate agent simply trying to win your business or perhaps a different level of experience and knowledge.
When talking with home movers in Tameside , we’ve discovered that many people do indeed wonder about whether or not their property has been priced correctly. You’ve probably heard phrases like “priced to sell”, but how do you really know if your property has been undervalued or indeed overvalued? And why does it matter?
So, let’s look at how you can tell whether your property is on the market at the correct price.
What is the Right Price?
In some respects, this is the million-dollar question. Is your property in Tameside priced on the low side to sell quickly, or is it priced relatively high so that you can potentially make more money? Well, actually, the right price is only ever about what you and the buyer agree to so that a sale can move forward. No other prices really matter!
Top Tip: Define what price you want or need to sell your house for and if you are prepared to lower your expectations if the need arises.
Is my Property Overpriced?
Are you frustrated because you seem to get a lot of viewings but no offers? Well then, one of the reasons could be that your house has been overvalued.
Potential buyers might like the look of your house in Ashton Under Lyne
but fail to view because they feel the asking price is too high. They may view, and they may love it but still feel it’s not worth the price-tag. Not all potential buyers will feel they can risk putting in a low offer either.
If you are enjoying lots of viewings but no offers, these are clear signs that something may need tweaking, particularly if similar properties nearby have sold.
Top Tip: If you do feel things need to change, do not be afraid to speak with your estate agent. After all, it’s in their interest to get a sale, so if their strategy needs to change, it should.
Is my Property Undervalued?
To define undervalued, you have to look at a few different factors, including how much you are prepared to sell your house in Tameside for. You might get an offer, or multiple offers, super quickly and this may worry you into thinking you could have achieved a higher price. But that is not necessarily the case. A good estate agent will ensure your home does not stagnate on the market!
Conversely, if you are getting no viewers and your property is on the market at a lower price than similar homes which have sold nearby, an under-valuation might be making people wonder if there is something wrong with your property!
Top Tip: Do some research of your own into similar properties on the market in Ashton Under Lyne . If yours appears obviously low, speak to your estate agent.
Do Your Own Research
We at Alex Jones use our local experience and knowledge to advise you of what we think your property is worth. Sometimes though, we suggest having a look on the internet yourselves as well, this can give you peace of mind that we’re on the right track.
There are so many tools at your fingertips, and you should use them!
Go to the search engine of your choice and search for house prices in your area. There are sites that not only give you properties that are currently on the market but also offer up what a property has sold for in the past too.
You could also make use of online valuation tools if you want a second opinion. However, bear in mind that these are not always accurate, and it’s best to speak to professionals who have local knowledge and experience.
Top Tip: Compare similar properties in Tameside
as you’re likely to get a good comparison. If you compare a similar house, but in different localities, then different factors will affect prices.
Speak to your agent. We cannot stress strongly enough that communication is key. If you have concerns and you’ve done some research, then talk to your estate agent. Maybe it’s time to review how they are operating and whether or not they need to change.
Top Tip: Don’t be afraid to ask the questions and challenge. It’s your property that you are selling; you are in the driving seat.
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Owning a buy to let in Tameside and renting out your property can be very rewarding. It can be a way of having a regular income coming in, together with actually owning something that should increase in value over time.
If you are considering renting out a property, there are many things you need to make sure you get right, such as rental income, statutory obligations (e.g. gas and electric certificates), and of course having the right tenants in-situ.
What are the benefits of a Buy To Let?
You’ll have the option of a Buy to Let mortgage
Unless you can fund your property purchase with cash, the chances are that you will need a buy to let mortgage. For landlords, this is the most popular way of acquiring property, which in itself can benefit you in a number of ways including:
- Interest only payments
- Longer mortgage terms
- Mortgage payments can be offset against tax
- Less strict regulatory processes
The good news is that there are a number of products and lenders out there to choose from, and you should be able to get a good deal from a lender.
If you have a larger than average deposit to put down, for example around 35 to 40 per cent, then the deals get even better.
Consumer website which.co.uk has some very useful information on mortgage deals worth looking at, and of course as your local estate agent we are happy to help and put you in touch with a recommended mortgage adviser who will assist you with lending criteria and affordability.
You’ll get potential high returns on your money
When you own a rental property, you should benefit in two ways, financially speaking. Firstly, you’ll have a monthly income stream coming in. If you’ve done your sums right and have a rental income that produces a good yield, then this is good news.
Secondly, you should see your property price go upwards over the years. Despite everything, property is still seen as a sound investment. We know for example that as soon as a rental property in Ashton Under Lyne is marketed, then we get a huge number of enquiries.
Top Tip Do your homework. If you need help making sure everything adds up, talk to us and we’ll do our best to help you.
You’ll diversify the risks
It’s fair to say that the economy has taken a battering over recent months. High street shops and large businesses have come a cropper because of lockdowns and uncertainties over investment going forward. Where previously you may have been certain of your other investments, perhaps now there’s an added element of risk.
If you have a few pounds stashed away in various projects or investments and are worried what the future might hold, property in Tameside is still seen as a sound investment with good returns. Again though, you must do the maths and look at interest and repayments and make sure the rental income covers not only fixed costs, but also maintenance and the other expenses associated with rental properties.
Top Tip Seek the advice of a trusted lettings and property expert to find out which areas will present the best opportunity for rental incomes.
You can help friends and family
We’ve seen a trend recently of people investing in buy to let properties as a way of helping friends and family out, while at the same time building up a property portfolio.
It’s an interesting concept and will not be for everyone but if you know someone going to college or university, it could be a way of generating useful cashflow.
Top Tip There are rules and regulations that tenants and landlords have to abide by whether your tenant is someone known to you or not! It’s probably even more important to get it right if you rent to friends or family as you won’t want conflict in the future.
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Take the right viewpoint when setting your Tameside home up for a sale
They say that when you meet people you have not met before, first impressions make a difference. Similarly, they also say kerb appeal for a property on the market is really important.
Why? Because you want a potential buyer to get the right feeling from the very start. If your house looks unloved, it’s unlikely that even those with imagination will see past the clutter and the grime.
After all, you’re trying to sell your property in Tameside and move on, so of course you want people to like your house and put an offer in. This will help you move forward more quickly and that’s what you want, particularly if you have seen a new house you want to be in for the next chapter of your life.
So, what can you do?
Here are our seven tips for preparing your home for a viewing
For we estate agents, there is nothing worse than going to show people around a house we are marketing, only to open the front door and find the property is full of clutter. Okay, it might be family favourite toys and pictures and mementoes, or it might be piles of rubbish, but you must realise that prospective buyers want to see the house. They’re not interested in your knick-knacks! Seeing piles of bits and bobs will simply put them in the wrong frame of mind.
Tip: As you will be moving anyway, take the opportunity to box things up and store them away, or get rid of unwanted items. If you’re downsizing, it’s a perfect time to get rid of the clutter.
2. Pet Hates
You love your cat or your dog. In fact, they’re your best friend. That’s lovely, of course it is, but prospective buyers coming to look around your house may not like pets or could be allergic to them. It sounds harsh, but it is best if you can get a friend or a neighbour to look after your pet for an hour or two.
Tip: Give your house a good clean and light a scented candle before a visit by a prospective buyer. It’ll help get rid of the smell of a cat or dog.
3. Centre on the Garden
If you’ve got a front garden, tidy it up and make sure the grass is cut or the hedge has been given a trim. First impressions matter so take the time and effort to get it right. If you have children, tidy away all their toys and really show your garden off.
Tip: Set the scene; if it’s nice and sunny, put a table and chairs outside so that the garden looks inviting.
4. Smells of the Season
Because you’re in your home day in day out, you may be blind to the smells of your house. Using diffusers and scented candles sensibly will help make it smell nice for a potential buyer.
Tip: Think about the seasons. If it’s winter, choose a fragrance that ties in with the time of year. Try spiced fruits or cinnamon in Winter perhaps and floral fragrances during the Spring .
5. Bathroom Routine
Your bathroom is absolutely key to making a good impression. There’s nothing worse than a dirty, smelly bathroom for making people think that a house is unloved.
Tip: Present your bathroom well with folded towels and some flowers placed on the windowsill in a little vase. Store all the soaps, gels and toiletries away in cupboards.
6. Space Invaders
Space is often at a premium, so help the potential buyer realise just how much they will be getting if they purchase your property.
Is your furniture making a room look small?
Are there too many toys or books lying around?
Tip: Take a moment to look at a room and put yourself in the shoes of the buyer. If you think a room looks too busy, it might be time to rearrange the chairs or bookshelves.
7. Stage it Right
Staging isn’t just for theatre. Make a lasting impression by making your house look good. Put fruit in a bowl, flowers in vases, place a home decor magazine on a side table. Understand that you have to give your home a chance, so make it look great.
Tip: If you need inspiration, go and have a look at a homeware, furniture or home decoration shop as they are experts when it comes to staging room scenes.
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Well, what a month it’s been! The UK property market is currently enjoying a continued boom with prices expected to continue rising in the coming months.
Here’s our round-up of some of the key headlines for May.
Average asking prices have reached a record high
According to listings website Rightmove, average property prices have reached an all-time high during May, with the average asking price now sitting at an impressive £333,564.
This represents a £5,767 increase from April, or 1.8%, and this trend is predicted to continue well into 2021 as buyers take last-minute advantage of the extended stamp duty holiday.
The two areas that have seen the biggest increase are Wales and North-West England, where asking prices have risen by 13% and 11% respectively since March 2020.
London has seen the smallest increase, with the average asking price up by just 0.2% in the same period.
Demand continues to outstrip supply
The key reason why average prices have shot up in recent months is due to a large increase in buyer demand, coupled with a shortage of properties available.
Homes with gardens or at least some outdoor space, are in particularly high demand, as buyers that are perhaps fearful of future lockdowns look for extra space and fresh air from their next property.
The market has also been boosted by the number of buyers who have used the lockdown period to save more than they would have done in normal circumstances, leading to an increase on their initial budget.
The North-West is the UK’s ‘Property Hotspot’
Rightmove recently published a list of the 10 towns and cities across Britain that have seen the biggest increase in asking prices over the past year, and seven of those are in the North-West.
Wallasey in Merseyside is in the number one spot, where prices have increased 15.6% on average in the past 12 months.
The average property price in Wallasey is £176,707, which makes it an attractive proposition currently.
Eviction Ban on Renters to end on 31st May
The government’s ban on rental property evictions enforced by bailiffs will end on 31st May.
The ban was introduced during the coronavirus pandemic to help protect renters, particularly those with Covid-19 symptoms, or anyone who was self-isolating.
However, as restrictions continue to be eased, eviction notice periods will be reduced from the extended six-month period to four months from the 1st of June.
If restrictions continue to ease as planned, then this will be further reduced from 1st October, with the notice period usually being around two months.
Renters are Heading Back to the Cities
While buyers are increasingly looking for properties with more space in the suburbs, the opposite can be said for renters.
Listings website Zoopla has reported an increase in demand for rental properties in a number of the UK’s major cities, which has been fuelled by a drop in average monthly rents.
London has seen the biggest fall, with average monthly rent down almost 10% compared with 12 months ago. Smaller drops have also been seen in Manchester, Leeds and Edinburgh, which has led to a steady increase in renters heading back to the cities as restrictions continue to ease.
Stamp Duty Holiday to End on 30th September
The stamp duty holiday that has been in place since last July will end completely on 30th September, the government has confirmed.
The tax break has been a key driver in boosting the property market during the coronavirus pandemic, with properties costing £500,000 or less having no stamp duty payable on them, as the government have fought to keep the property market going.
However, the pre-covid threshold of £125,000 will apply again from 1st October, with a phased decrease in place prior to this.
Many buyers are rushing to complete property purchases by the 30th of June, as the threshold will be lowered to £250,000 from 1st July, before dropping again on 1st October.
The stamp duty holiday has saved buyers up to £15,000 and has been largely credited with keeping the property market alive during the national lockdowns, as the housing market has thrived.
However, with the change in threshold from 1st October, along with the end of the government’s job retention scheme on 30th September, many property experts are forecasting a dip in the property market towards the end of the year meaning that now could be the ideal time to get your property on the market!
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Many homeowners do not have the time, money, or desire for the upkeep required to maintain a vibrant natural lawn.
Without real grass, it can be a struggle to know how to fill your garden, especially for those looking for a relatively low maintenance outside space. While decking, patio or even gravel could be used, an artificial lawn will provide the warmth and comfort we long for in a garden, without the hassle of the natural alternative.
Artificial Grass is a Low Maintenance Option
Artificial grass is the perfect choice for those who want to achieve a beautiful garden in Tameside without the upkeep – ideal for families with busy lives.
A quick, regular brush is all that a synthetic lawn requires to keep it looking amazing. Whereas, a natural lawn needs frequent mowing and weeding, which is a time consuming and manual task. Additionally, the artificial option means that no watering is necessary, and as we emerge from the depths of winter, your lawn will already be looking spring-ready and fabulous.
Without the environment created by a natural lawn, insects will no longer be attracted to your outside space. Meaning, you will have fewer pests to worry about, particularly relevant if you have small children who enjoy the garden.
Artificial Grass is Durable
Artificial grass can endure much more than a natural lawn. It is highly durable and often lasts more than 15 years.
However, there is an obvious disadvantage to this durability. Should your synthetic lawn become damaged, it will need repairing. Whereas natural grass will heal itself.
Artificial Grass Provides a Pet-Friendly Solution
The gardens of busy family homes with pets can often end up destroyed. This is because natural grass simply cannot endure the heavy traffic of the spring and summer months.
Additionally, dog urine can be highly damaging to grass and will often leave the lawn patchy and uneven.
Artificial grass eliminates these issues, even in the busiest of households.
Artificial Grass Looks Fantastic
A decade ago, the colour of artificial grass was too bright, and the texture was too rigid. As it grows in popularity, the options become more varied, and the styles appear more natural.
There is now a range of colours and patterns on offer, with different textures and tones to give the most organic appearance.
Natural lawns can often become patchy and heavy rainfall can leave our gardens sludgy and practically unusable. Conversely, areas where the sun does not reach, such as under trampolines, become dry and brown.
If you dream of a plush span of greenery without the regular maintenance, then an artificial lawn may be the solution.
Artificial Grass is a Fantastic All-Rounder
One of the most significant benefits of artificial grass is that it is the perfect all-rounder.
You can confidently host a garden party or BBQ without worrying about anyone dragging dirt into your home. Additionally, it is ideal for children to play on, providing the soft texture of grass without any of the mess.
Artificial Grass can Ease Allergies
Over 10 million people in the UK suffer from Hay Fever. Particularly prevalent in the spring and summer months, it can be a huge deterrent to getting the most from our gardens.
For those that are especially susceptible to grass allergies, an artificial lawn allows you to enjoy your outside space, even in the height of allergy season.
Artificial Grass is Low Cost
A decade ago, the cost of artificial grass was staggering. But this is no longer the case today.
Whilst the initial cost of artificial grass may be slightly more than a natural lawn, fake grass requires no maintenance. So, over time, synthetic grass can work out to be the most cost-effective solution.
Are there any Disadvantages to Having Artificial Grass?
- Although generally not a massive issue in the UK, artificial grass can become extremely hot. In the height of summer, the grass may not be suitable for children or pets, and appropriate footwear must always be worn.
- Some find that cleaning dog waste from the garden can be more challenging. A spray may be required after removing the waste to ensure no residue is left behind.
- Artificial grass is made from plastic and therefore is not an environmentally friendly option. While the manufacturing process is rapidly improving, synthetic grass does not provide many of the benefits of natural grass, such as encouraging a habitat for wildlife.
- Synthetic grass lacks the overall finish that natural grass exudes. Although the aesthetics of artificial grass have dramatically improved over the last few years, it will always struggle to imitate the smell and feel of the real deal.