- The UK Property Market
- How to Find an Estate Agent
- London Property Prices
- Hiring an Online Agent Is Better Than Traditional UK Estate Agents
- Practical Tips for Selling Your House
- Negotiating Tips for Buying a House
The UK Property Market
The United Kingdom is a country where investors come to invest their money by buying properties. It still has the highest demands regarding property investment until reports stated that the United Kingdom is not a good place for investors to invest their money.
This is because the economy crisis is affecting a huge part of the UK. With these reports coming out in the open, investors have sought property advice from their advisers on what they are going to do with the properties they already own in the UK.
But when you look at the situation, the UK property market is hard to miss. Even if there is an economic crisis, there would be no problem keeping or selling the properties investors already have in the place. Here is a list of some properties that are very elegant and still in on online biddings:
- One Hyde Park, London SW1 (£45,000 pw) – It is the largest apartment in London which has 5 bedrooms that is currently available for renting. It is 9, 307 sq. ft and near the landmark, One Hyde Park. The best services and amenities are provided in this apartment.
- Brick Street, London W1 (£40,000 pw) – This building was built in an internal courtyard away from the central Mayfair. It offers seven bedrooms and has a total area of 16, 500 sq. ft.
- Brick Street, Mayfair W1J (£28,000 pw) – This one is exactly in the heart of Mayfair and has seven rooms in it. It has an underground car park and a luxurious living room.
- Boundary Road, London NW8 (£27,500 pw) – This is a commercial space. It is just located in the Abbey Road of London. This commercial building is the best for restaurant businesses.
These are just some of the properties that investors might want to invest in London. There are still a lot of properties out there that might catch other investors’ attention. All you need to do is check out these places and then decide.
How to Find an Estate Agent
You have finally decided to sell your property at its highest possible price and at the quickest possible time. The first thing that comes into your mind is to hire an estate agent to fast track the whole process.
With so many agents to choose from, the search for that perfect agent is not easy because just any agent will not do wonders. What you need is a perfect real estate agent. Your main concern now is how to find an estate agent and what you should look for.
The sole job of an agent is to sell your property or assist you in finding a possible buyer. There are no clear guidelines in the search for the most perfect one, but this article will discuss tips to help you find one. Look for an estate agent who you can:
Converse With About Property Marketing
Be clear with your agent. When you have chosen an agent and you have already agreed on some terms, these guidelines will tell if they are planning to sell the property by themselves or are working for an agency. They will make the details of your property and take photographs for advertisement. This should allow you to assess the details and photos if they are accurate and of high quality.
Trust during Public Viewings
This will be hassle free for both parties because majority of the estate agents already have possible buyers. Expectedly, there will be quick viewings. It would take an extra time for you to be in the site immediately if there is a potential buyer; hence, it is essential to provide an extra set of keys for your agent. It is also vital to leave the property clean and neat to increase the chances of faster sale.
Keep In Touch With
Always keep in touch with your agent. Maintain a close communication with the person to assess if the whole process is well managed. There are buyers who want to take the property off in the market once the acceptance document is forged. Ask for the help of your estate agent to make sure that what you have are serious buyers.
Also, keep track of any progress. If the process is taking a longer time, make sure that your agent is chasing every detail. Your estate agent should take in full command, in the partnership and coordination with bank evaluators, solicitors, surveyors and many others. If problems arise, the estate agent should communicate with both sides and ask for better end results.
Hopefully, these tips in finding the right estate agent will give you a better chance of hiring professional, pleasant and friendly estate agents. After all, they will be working with you.
London Property Prices
If you want to live in the UK, specifically in London, then you should know the basic things about the place. First and foremost, you may need to ask yourself some basic questions whose questions will tell you if London is right for you.
You may want to check the lifestyle in London, because chances are the lifestyle in London is a lot different from the lifestyle you got used to. Second, will you survive in a place where the temperature is as high as a freezer’s?
Now these are just some things you need to consider before looking for a place to live in London. Speaking of a place to live in, one of the important things to bear in mind is finding a house to suit your lifestyle. You may want to check out London property prices first before deciding on a house or condo. Make sure it’s something you’ll really love.
Available Properties in London
As history tells us, London is more or less 2000 years old. For a city like this that is alive and booming until now, it can’t be denied that there is a huge diversity of different cultures that come and go in this place.
Other than that, London is considered to be the political, financial and media capital of England. And now, for you to select the perfect property that you will be willing to buy and eventually have a deal with the owner, we have listed places where you can find great homes within the city.
- City of London
- Central London
- And many more
These places have available houses which can be bought or rented. You can choose from any type of house you want. If you want to have a house with 1, 2, 3 or bigger bedrooms you can freely choose one and after that it is up to you, the landlord and the letting agent to discuss things further.
Hiring an Online Agent Is Better Than Traditional UK Estate Agents
Most clients express their objection to expensive and overcharging fees imposed by estate agents; however, it cannot be avoided in hiring the services of UK estate agents in selling a home. Hiring their services will charge £10,000 when selling a property at £500,000 plus other additional fees. If they were able to sell your home immediately, you will find out that you have paid so much for very little task.
Is there a way to avoid all these? Fortunately, there is. It is through hiring online agents. Today, the population of online agents is fast growing in number. These professionals charge just a fraction of the total property. Because of this, home owners are now excluding the option of hiring estate agents by posting their for sale properties on private websites.
Here are a few of the advantages of hiring an online estate agent. If you get the services of online agent:
- Your properties will be in national websites. The property will appear in national property websites where most buyers check for available estates. This will help you sell your property faster.
- You will never pay for additional fees. Traditional estate agents charge additional fees for tasks such as property photos, preparing floor plans and descriptions, and arranging schedules for possible buyers. With online agents, they charge you at a cheaper rate because they do not have to finance for office rents.
- There will only be flat rates. There are several payment options to choose from but the most popular method is paying £474 only with no other fees to pay upon completion. Last year, a total of £170m worth of properties was sold. In comparison, a traditional estate agent will charge you £195 with additional VAT for marketing services only or £445 plus VAT for negotiation and completion of sale. With the flat rate fee, you can save more for selling a more expensive home. Figuratively, someone selling a £400,000 property will save £7,446 in agent fees.
Bear in mind that it is very important for sellers to choose an agent that would compensate the cost and worth of the payment for the services. Bigger savings as well as efficient work are guaranteed with online estate agents.
Practical Tips for Selling Your House
Selling a house for the best possible price is not easy. Markets that participate in the realty industry are a law in itself because experts make different forecasts in the rising and falling of the property’s current value. However, there are several efficient practical tips for selling your house. These tips include:
Go For an Estate Agent
Consider several agents to give your property a quote. A lot of them will not disclose their charges until they see it; however the good things is, most of them are negotiable. Traditionally, they charge their services between 1% to 3%, but ask them of the best price they can offer you.
For instance, there are sellers who give incentives in the form of a higher commission rate if the agent is able to sell within a specified time period, and no incentives when the property is sold at a time outside the schedule. Consider doing this, or specify the length of contract.
This technique will push them harder to work efficiently. Do not be enticed by high valuation; more so if it is higher than what you have expected. Find an agent who works on time, responds fast, answers your questions politely and of course makes sales. In addition to these, browse the internet for best quality advertising photographs and inform your agent that you want something like it to be produced.
Acquire an EPC
Before anyone can market a property, an energy performance certificate is required. This will show how efficient your home is and the recommendations they have made for improvements will guide you through your renovation projects. You can either let the agent complete this job for you or you can do it yourself. This will cost you around £60 or higher.
Beautify Your Property
Selling your home is not the sole job of your estate agent; you must do your part in making it more attractive for potential buyers.
Address the things that can probably put potential buyers off before they view around. Eliminate cigarette smoke, pet and other foul odors in the teenager’s bedroom. Paint the rooms in light colors and keep doors open to let natural light in.
Accept an Offer
In 2012, statistics have revealed that buyers paid from 92% to 95% of the agreed prices. You may accept an offer like this depending on how much you need for the next move. Once you get the deal done, instruct the agent to work on the papers. On your moving day, the property should be cleared, leaving nothing but wonderful features only.
Negotiating Tips for Buying a House
Finally, you have decided to own a new house. This article will help guide you on tips for buying a house. You need to consider many things before buying a new one. A plus factor will be your negotiating skills. Here are some simple and practical tips to become a better negotiator:
- Be knowledgeable on property marketing and home evaluation. Do some researches before visiting sale houses and visit some of them. Bringing up well-informed queries will show that you are not just any customer that can easily be deceived.
- Keep your cool and don’t show eagerness. If the seller knows how interested you are with their home, they will take the advantage of selling it for a higher value. Play a bit hard to get, let them know you already visited a lot of houses. When an offer is made, don’t rush.
- Be polite and stay polite. Whenever you are stressed out in the course of negotiating, don’t let it burst. It will not get you anywhere. You have to remember that the seller has other potential buyers too. They may sell the house to someone with whom they are in good terms with.
- Negotiate in person. The better way to gauge the seller’s reaction is to deal with it in person.
- Be prepared for estate agents bargaining strategies. Estate agents are professional negotiators, so don’t be bullied. Listen to their sides and try to feel and look confident.
- Contact the seller directly. This is worth doing but just remember that some sellers may be tougher than agents.
- Don’t be overly precautious. Remember, the seller is not solely entertaining you for the house, they are also receiving other offers if they need to sell it quickly. Assess each other’s positions and act appropriately. If you are not that tough, you may lose your dream house at the expense of a small amount of money.
Try these practical negotiating tips, it may work for you.**Nothing on this website should be confused with financial or legal advice. If you need this, or any other type of advice, please seek the help of a competent professional. In addition, because real estate laws change all the time and differ from state to state, and even city to city in the same state, everything in these pages should be considered general marketing advice and ideas. Please see link to full Disclaimer at the bottom of this page.