The Nesting Instinct

We've been saying for ages that the old idea of a 'start to the home selling season' is a thing of the past. Late March and April this year have proved that wrong with a massive upswing in viewings and new instructions. By the 2nd Sunday in April we'd arranged over 135 viewings that month!

Our friends in the photo were out of luck - we'd just sold our last nest!

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House builders discuss 95% mortgages with lenders

So the house builders and the lenders have had a meeting to discuss how they can create 95% mortgages. Basically a good thing, as you would imagine most estate agents would say. But what proportion of the housing Market is represented by new homes sales to first time buyers? Also any first time buyer who purchases a new home is then a cost to the second hand Market of who knows how many sales! If I think back 30 years my wife and I as first time buyers were providing a deposit of 10%. To do this we sold her car, saved up by not going out as much and generally committed ourselves to the task of buying our first home together. Ah, you might say, but house prices were so much cheaper then. True but my salary was just under £2,000 per annum with the prospect of perhaps another £1,000 in commission from selling at lease 6 houses per month personally. The first 4 didn't count towards commission but were to cover my costs to my employer! I personally don't think 95% mortgages are ...

CHRISTMAS 2019 - RENTAL HOMES

CHRISTMAS 2019 The festive season is not far off and we just wanted to take this opportunity to confirm our opening hours over the Christmas holiday period and also to outline a few procedures: We will close for the holiday period at Midday on 23rd December . Opening on 27th and 28th December between 9am and 1pm . We will open normally from 2nd January 2020 at 09.00 . Day to day issues which could wait until normal office hours resume on the 2nd January 2020 , should be reported then. Our contractors may be on call but many of their suppliers close down over the Christmas period so parts can be hard to locate. We will not attend any “lockouts” over the Christmas break but can pass on the details of a good local locksmith if this occurs – the cost of which will, of course, be yours. A small request – if you have any problems with your heating and hot water now or maybe an appliance that is a bit temperame...

Call to Arms - From the Guild of Professional Estate Agents

I received this in an e-mail newsletter from the Guild and felt I simply had to re-publish it here... A Call To Arms.... We know that the UK estate agency market is the most competitive in Western Europe, with the fees levied being only a fraction of those applicable in most developed countries (even when compared to the supposed paragon of the free market, the USA). We also exemplify the specialist skills involved in successfully selling a property, and help mitigate the significant risks involved to the buyer and vendor from acting without professional advice and guidance. Finally, if the rate of consumer dissatisfaction has fallen by half to 12% since the last report, then the service is clearly rapidly improving of its own accord (given the current absence of licensing and mandatory qualifications). The market statistics also speak volumes. Too many estate agents chasing too few transactions has meant that only a small minority are making healthy profits. With over 2,000 offices ...

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