Saturday, December 26, 2009

Last Blog Post of 2009

Call me a sad so-and-so if you like but sitting here on Boxing Day morning my memory suddenly told me that 2010 is my 20th year as an independent estate agent in Ely. I joined Osbornes Property Services in December 1990 and by 1994 we were Clark & Stewart. 2006 saw us become David Clark and Company but, out of 30 years as an agent, 20 recent years have been spent in Ely. In addition I started my property sales career here as a trainee with Ekins Dilley & Handley in the High Street premises now occupied by the Cambridge Building Society.

If we could have chosen the worst moment in time to begin a new estate agency in Ely then 1990 was it! It taught me a great deal and I still have a photocopy of the bank statement that shows us going from red to black ink. If I ever need pulling back to earth then a quick glance at that statement usually does the trick.

The years have passed and we are back in that part of the cycle in the property market yet again although the last few months have felt to me like 1992. Sales then weren't booming but were achievable with the right marketing, pricing, presentation and effort.

December 2009 enjoyed exchanges and completions in good numbers but the cupboard of available homes for sale was becoming decidedly bare. Anyone reading this who is contemplating moving home in 2010 should contact me early in the New Year to arrange a free market appraisal. We're looking to make our 20th year a good one!

Predictions for 2010? If mortgage lending volume holds up then I believe we are in for a year when transaction numbers are likely to at least match 2009 with the possibility of rising numbers. We may see upward pressure on the price of sought after properties in desirable locations.  Will the stamp duty threshold change back to £125,000 from £175,000 and VAT returning to 17.5% have an effect? I reckon the impact will be marginal but may cause some additional negotiating at the point of sale. 'First Time' properties are the ones likely to bear the brunt of this as the changes have most impact on both buyers and sellers doing it for the first time.

Right, no more keyboard clattering until the New Year! I'm off to Berlin for a few days break with my family and to celebrate my birthday on the 28th - 39 again of course.

Saturday, December 19, 2009

Snowy Day around Ely - 18 December 2009

The drive to work was 'interesting' !

Need to talk to someone over Christmas Holiday?

No, I'm not setting up in competition with Samaritans!

These are our opening times and contact details for rental property emergencies:

CLOSED 12:00 mid day 23rd December 2009
REOPEN 09:00 am 4th January 2010
For sales & lettings assistance 31st December 2009 until mid day and on 2 & 3 January 2010 call 01353 665020. 

Lettings emergencies: call 07827 473701 

Saturday, December 12, 2009

Canvassing for Business - Part 2

My friend Jason Wilde works for Paragon Mortgage Trust and he sent me this link which several individuals had contributed to on this subject. Interesting...

Friday, December 4, 2009

Google going for a stake in the property market

Google has launched a property 'portal', in Australia initially, that will definitely rival Rightmove if rolled out in the UK, but, according to property marketing and selling experts like Sarah Beeny will also impact on estate agents as they will also be allowing private sellers to list their property for sale. At first glance it looks quite an exciting proposition (follow the link above to the BBC news report)

Personally I feel sellers would, in the main, prefer a third party to vet potential buyers, record their details and handle negotiations between buyers. It's not just a case of finding a 'buyer' but finding the best buyer at the best price who actually does have the where with all to complete a purchase.