Banner

Here's a Closer Look at What's Involved in Valuing your Property:

  • Start by doing some research into properties recently sold in your area to get an idea of how much you could expect to achieve. 
  • Before inviting an agent to value your property, make sure you are aware that there have been market changes. 
  • Remember, you can invite more than one agent to value your home. 
  • A property valuation takes a lot into consideration, including market conditions, knowledge of the local area and recent sales, as well as an evaluation of your property. 
  • Don't be tempted to choose an agency based solely on the highest valuation. An agent may suggest a higher price to win your business, for example. 
  • An overpriced property is likely to deter buyers. House-hunters might not arrange a viewing if it seems like they're paying more than they should. 
  • If your property is initially over-priced, it could be on the market for a long time and you may have to eventually reduce the price. 
  • If you receive an offer, your buyer's lender will want to ensure the property is accurately priced before agreeing to a mortgage. 
  • If the sale falls through due to inaccurate pricing, you have lost time and potentially money.
  • Look for a realistic valuation which is achievable.
  • The agent will be objective when it comes to appraising your property, so try not to be too emotionally involved. The valuation should be based upon the property and not on the financial investments you have made over the years.

 

As an Estate Agents we believe that having a physical free valuation is more accurate and realistic and it also means we can talk the value through with you. Unlike online valuations we can see the improvements that will have been made over the years. 

To get a free valuation contact us on 01274 498855 or request a valuation on our website: https://www.dinsdalesestates.co.uk/valuation

Briefly discussing the housing market in his third Budget as chancellor, Phillip Hammond announced that he will extend the cancellation of stamp duty for first-time homebuyers on properties up to £300,000 to first-time buyers of shared ownership properties valued up to £500,000.  He also stated that the measure would be retrospective, so that any first-time buyer who has bought a home since the last Budget will benefit.

According to lain McKenzie, CEO of the Guild of Property Professionals, removing Stamp Duty on all shared equity purchases up to £500,000 is great news for prospective homebuyers getting into the market for the first time, but will do little for those who currently own property and wish to trade up.  "Since the abolishment of the stamp duty for first-time buyers, many more people have been able to get their foot on the first ring of the property ladder.  In fact, as Hammond announced, the number of first-time buyers purchasing property is at an 11-year high.  However, it seems that the last two first-time buyer incentives have been designed to drive the focus away from the traditional second-hand market.  Initially Help to Buy and now the incentive to buy shared equity property", he says. 

Landlords- Your electrical safety obligations

Electrical Safety First has found that landlords are exposing themselves to significant financial risks, from fines and invalidated insurance, through not acting on their electrical safety obligations.

Landlords are also putting millions of UK private tenants at risk of serious accident or fire.  We have clarified your obligations for electrical safety in rental properties and provide a range of resources to help you keep your tenants safe.

Congratulations! Your property is now Sold Subject to contract…….

Now a sale has been agreed on your property we wanted to make you aware of the next steps going forward.  It may be the first time you have sold a property or perhaps it has been a while since you last sold a property.  In any case, the conveyancing process can be a grey area.  We would like to give you a basic outline of the next steps and confirm we have a Sales Progressor here at Dinsdales to keep you up date and ensure everything is on track.

All Sales are Different - Please do not compare the timescale of your sale transfer with that of a friend or family member.  Try your best not to get hung up on a specific date as there are many elements and third parties involved in the complex process.  Generally, sales tend to take from 8-12 weeks, however that is just an average.  You should make your solicitor/conveyancer aware of any dates you are not available for; such as a pre-booked holiday. 

At Dinsdales Estates, we endeavour to update you on a regular basis.  Please be aware that this is not always possible as we rely on third parties to provide us with relevant and useful information. However, you will always be updated with whatever knowledge we have regarding your property.  We generally provide information by phone or email.

STAY CALM - We are aware that the house buying/selling is a well-known stressful process.  So often annoyed buyers/sellers will decide to ‘pull the plug’ on a sale if, for example, a required timescale cannot be met.  In the future months, looking back, this may seem insignificant in the grand scheme of things.  If the alternative is remarketing and trying to find a new buyer- which could take months, is it not better to wait out a few more weeks?

The following 'Milestone' will give a rough guide on the various stages involved. You may want to keep this list to help guide you through the steps of your sale.

Changes to Section 21 Notices Requiring Possession with effect from 1 October 2018

 

The Deregulation Act 2015 introduces on how a landlord may serve a Section 21 Notice to gain possession of a property.

A Form 6A must be used to serve notice irrelevant on whether the contract is fixed or rolling.  You can obtain this directly from the internet through gov.uk

A landlord cannot validly serve notice in the first four months of a tenancy.  However, where a tenancy has been renewed the landlord will be able to serve a Section 21 Notice at any point during a renewed tenancy.

 The Section 21 Notices will only be valid for six months from the date of issue. 

Archived Blog Posts