Tag Archives: Selling

Contract terms and conditions word with pen

Always check the small print of the sales contract

When it comes to selling your house it can be difficult to know which estate agent to choose.  There are so many options out there, from traditional high street agents to modern online agents.

You may have been recommended someone by a neighbour or friend.  You may have seen that an agent has recently sold a property in your road or area.  Whatever your reason for choosing an agent, we always recommend you get at least three agents around your house or flat to give you their valuation and talk through their sales approach.

We suggest you prepare and ask questions of each of the agents.  It can be easy to be dazzled by high valuations and compliments on your lovely home, but selling your house is an expensive business and you need to make sure you get the best value for money.  That value for money will be made up of a number of factors:

  • The personality of the people you will be dealing with (bear in mind this is not always the one who comes to value your property)
  • Their fees – in terms of either % or £
  • Their contract length – how long will you be tied in for?
  • Their valuation – how much do they (realistically) think they can sell it for?
  • Their reach to potential buyers – both on and off line

Before you sign on any dotted line to instruct an estate agent we always recommend you read and read again their Terms and Conditions.  The contract small print might seem a lot to read and some of it technical or not relevant, but these terms and conditions can be used to input clauses you might not expect -such as a minimum £ fee.  You might think you have agreed to a percentage deal, but occasionally a minimum fee will be inserted into the Terms and Conditions that you were not aware you had agreed to.  Don’t be caught out by signing up to something you didn’t realise was there.

If you are thinking of selling your property and buying your next home then we would be delighted to help.  With all the knowledge of a local high street agent, but at the cost of an online agent we can sell your property from as little as £499 or 0.5%+VAT, saving you thousands.  Please give us a call on 01252 819725 or contact us and we can give you a free, no obligation valuation of your home.

Money saving tip: Use an online estate agent

Moving house can be an expensive business, but there are a number of things you can do to reduce the cost.  Conducting your own viewings or not having a For Sale board can both save you money, as well as enabling you to take more control of the house selling process.

Another way of saving money is to use an online estate agent.  Over the past few decades, buying and selling online has taken an increasing share of our spending.  Whole companies such as Woolworths, Comet and HMV have either disappeared or completely reinvented themselves to compete with online retailers who in many cases can offer the same or even better products and services, at cheaper prices.

Here you can read our article explaining four reasons why going online might be a better approach for selling your property.  The article was published in the latest issues of Farnborough and Fleet Connection magazines.

Please click on the image to read the full article.

Check 4 Houses Proof 2 July 16-001

Property for sale

Can you ever undervalue your property?

Valuing a property is a tricky business.  You can apply logic, by looking at properties that have sold recently nearby.  You can look at overall property prices and Zoopla valuations.

But valuing a property can also come down to experience and to detail.  If there aren’t any comparable properties then you need to make your best estimate.  A property might look comparable, but the actual particular circumstances may have been different.  It may have sold for less than expected as the sellers wanted a quick sale in order to not lose something they had found.  Or it might have been immaculate inside and got lucky with the right buyer.

Ultimately a home is worth what someone will pay for it, but when you decide to put your house or flat on the market you need to decide on a starting figure.  Estate agency is a competitive business and one way of trying to win your business might be to come up with a high valuation.  Short term, this can be persuasive – “If they think they can get more money for it then let’s go with them” but overvaluing can be risky.  Of course, if you have the benefit of time then you may wish to try a price that is out of line with local market data just to see if you get lucky.  But an inflated price can put buyers off even viewing your home.  You may then have to look at your house sat on the market for weeks, constantly having to keep it ready for a viewing.  You then reduce the price and wait.  You may even have to reduce the price again which can become a negative cycle with buyers asking questions “Why has it been on the market for so long? Why have they had to reduce the price so much?”

People are understandably scared of undervaluing their property.  It is usually the biggest asset you will ever have.  You want to get the most you can to fund your move, your retirement or a change in lifestyle.  But can you ever undervalue a property?  Generally in a market such as ours we don’t believe you can undervalue.  Of course, we always look at market data and calculate what we honestly believe is a realistic valuation for your property.  But starting at a more achievable price can encourage more people to want to come round for a viewing, and then give you an offer.  Having more than one buyer wanting to buy your home puts you in an excellent position – able to push the price higher, able to choose the buyer which you feel suits you best (perhaps a lack of chain, or one with funds already in place).  If buyers really want your property then original asking prices become a starting point to see who wants the property most and what they are prepared to pay.

We always recommend to prospective sellers that they do not go with the highest valuation.  Though the pound signs can seem attractive, it is money in the bank that really matters.  Choosing a lower valuation can actually end up delivering you more.

If you are thinking of selling your property then we can help.  With all the knowledge of a local high street agent, but at the cost of an online agent we can sell your property from as little as £499 or 0.5%+VAT, saving you thousands.  Please give us a call on 01252 819725 or contact us and we can give you a free, no obligation valuation of your home.

Money saving tip: Forego the For Sale board

Moving house can be an expensive business. There are estate agents’ fees to pay, solicitors costs as well as removal vans.  That’s all before you even start on the costs of buying a new home – with stamp duty being the biggest cost.  Adding all those up can significantly impact on the size of your budget to buy your dream home.

But there are ways you can save money during the house selling process and foregoing the For Sale board is one of them.  Here you can read our article where we evaluate the possible savings and benefits of this approach.  The article was published in the latest issues of Farnborough and Fleet Connection magazines.

Please click on the image to read the full article.

Article on moving house money saving tip: forego the for sale board

Missing piece from a European jigsaw puzzle revealing British flag and Brexit question

Could before the Brexit referendum be the best time to buy your next home?

Since David Cameron announced the date for the Brexit referendum back in February, speculation has been rife about how the British people will vote.  Campaigning is now well underway with both sides fighting hard to convince us what is right for Britain’s future.  Membership of the EU has costs involved – but do they outweigh the benefits or not?  What does a Britain outside of the EU look like and will it have the same global influence or not?

One thing any political campaigning such as this can do is breed uncertainty.  That can impact economic markets, including the property market.  If people are unsure of what might happen in the coming months, they can decide to put off big decisions – including house purchases.

That can actually make this the perfect time to buy your next property, especially if you are looking to upsize.  With less buyers on the market, prices may come under pressure and deals can be had for motivated purchasers.  First time buyers may also get lucky to secure a good deal and get their foot on the property ladder.

If you are thinking of selling your property and buying your next home then we can help.  With all the knowledge of a local high street agent, but at the cost of an online agent we can sell your property from as little as £499 or 0.5%+VAT, saving you thousands.  Please give us a call on 01252 819725 or contact us and we can give you a free, no obligation valuation of your home.

Money saving tip: Conduct your own property viewings

Moving house can be an expensive business. There are agents’ fees to pay, solicitors costs as well as removal vans.  That’s all before you even start on the costs of buying a new home – with stamp duty being the biggest cost.  Adding all those up can significantly impact on the size of your budget to buy your dream home.

But there are ways you can save money during the house selling process and conducting your own house viewings is one of them.  Here you can read our article where we evaluate the possible savings of this approach.  The article was published in the latest issues of Farnborough and Fleet Connection magazines.

Please click on the image to read the full article.

Advertorial money saving tips for buying a home

Estate agent for sale boards

Has anyone used an online estate agent before?

This was a question asked yesterday on a well-known social media site and we were delighted by the people of Fleet’s response.

A number of people said they had used online estate agents including ourselves at Check 4 Houses, with kind comments such as: ‘Whole process was very smooth & transparent & we saved thousands I would say’ and ‘the best experience in selling’.

One gentleman who had moved several times before said ‘(Check 4 Houses) was the best service by far, irrespective of the cost if I had known I’d have happily paid the “normal” rates … the fact it saved us over £3000 was just a massive bonus (literally!)’

The rise of internet has changed the way people buy and sell property completely.  Today the majority of people start searching for their next move online using websites such as Rightmove, Zoopla and Prime Location and you don’t need the high rental costs of a high street office to get a property listed on those websites.

With lower overheads, online estate agents such as Check 4 Houses can sell your property from just £499 or 0.5% + VAT, saving you thousands and giving you more money to spend on your new home.

At Check 4 Houses we aim not just to sell your house, flat, apartment or bungalow for a cheaper price but to deliver the best of both worlds – the price of an online estate agent with the local knowledge and customer service of a high street agent.  Please contact us today to find out how we can help.

Estate agent for sale boards

Government says it wants to encourage online estate agents

As part of a new initiative to boost competition and bring down bills for families the Government has said that it wants to encourage online only estate agents.

The new Treasury paper, which will be followed by a consultation in the new year, includes a section headed “Injecting innovation into the process of home buying”.

The text says: “The Government wants to inject innovation into the process of home buying, ensuring it is modernised and provides consumers with different – and potentially quicker, simpler and cheaper – ways to buy and sell a home.

“Encouraging new business models (for example, online only estate agents) is key to enhancing price competition in the real sector.”

The paper also goes on to highlight the significant costs consumers incur from property transactions that fall through after money has been spent on legal fees and surveys, as well as express concern about the cost of legal services.  The consultation will include evaluation of ways to make it “easier for businesses such as supermarkets and estate agents” to offer services such as conveyancing, probate and litigation and making the entire legal process “more transparent and efficient”.

The paper, A Better Deal: Boosting competition to bring down bills for families and firms, is presented by Chancellor George Osborne and Business Secretary Sajid Javid.  You can read the paper in more detail here.

If you are thinking of selling your property then we can help.  With all the knowledge of a local high street agent, but at the cost of an online agent we can sell your property from as little as £499 or 0.5%+VAT, saving you thousands.  Please give us a call on 01252 819725 or contact us and we can give you a free, no obligation valuation of your home.

 

What to look for when upsizing your home

As a local estate agent in an area so popular with families, we meet a lot of local people who are looking to upsize their home with their next move.  From couples moving in together, new baby arrivals to established families coming together – and even three generation households, these prospective buyers are all looking for more space to accommodate their growing needs.

Read our top tips for to get the best value for money from your upsizing move, in our recent article in Farnborough and Fleet Connection magazines.  Please click on the image to read the full article.

Article on upsizing your home in Connection Magazine
Connection Magazine article July 2015
Estate agent for sale boards

Housing market demand hits 11 year high

The latest housing market report by the National Association of Estate Agents (NAEA) shows that interest in house buying is at its highest for over a decade.  According to the report 439 house hunters were registered on average per NAEA member branch in June, 15% more than in May when 383 house hunters were registered per branch and the highest since August 2004 when 582 were recorded.

This increase in demand appears to be driven by a number of factors including continued low interest rates, with buyers keen to move now and secure low rate mortgage deals before interest rates rise – expected at the turn of the year.  Mark Hayward, managing director, National Association of Estate Agents said: “Buyers are feeling more confident and those who put their plans on hold over the Election and political aftermath have kicked off their hunt, causing this massive jump in demand.”

The report echoes what we have seen in our local market, with demand continuing to outstrip supply.  The past few months have been busier than ever, with properties being sold in record time and for record prices.  Our local area of Hampshire, Berkshire and Surrey continues to be a popular place to live with excellent schools, commuter links and leisure facilities.  Prices continue to rise due to high demand and low supply so you might be surprised just how much your home is now worth.  Any home you are looking to buy will also have increased in value, however there are ways to save thousands in estate agency fees that can ensure more money in your new house pot and allow you to move to the home of your choice.

To take advantage of the high demand for properties we can deliver a free valuation of your home as well as sell your property from just £499 or 0.5% + VAT, giving you thousands more to spend on your new home.  Simply give us a call on 01252 819725 or email us at info@check4houses.co.uk to find out more.