Our site dissapperared, and was replaced for a few hours by some rogue site advertising estate agency in america. Sorry if you preferred the photo of the young lady with the rucksack to our usual photos!
We are currently seeking answers as to why this happened
Rightmove of which we are members revealed consumer confidence has done U-turn
The latest Rightmove Consumer Confidence Survey has revealed that 54% of people now expect average house prices to be higher in 12 months time, a significant sentiment turnaround from Q1 when 69% expected prices to be lower.
That sounds like good news especially when added to news about the freeze in mortgage availability beginning. For example Cheltenham & Gloucester, part of the mammoth Lloyds Banking Group, has cut the cost of a range of mortgage deals and introduced a ‘best buy’ product, while Abbey has also launched a market-leading deal.
But our concern is that supply is likely to be the issue as the year ends. We have had a spate of sales that has left the cupboard somewhat bear and there is clear evidence form around us that the better Estate Agents are much the same. So if you are contemplating moving then now could be the time to move.
Those wishing to sign up to sell between now and Christmas can do so with no up front marketing fee. The £1,350 total fee will be collected when the sale completes. If the buyer withdraws the house from the market for any reason within 6 months a fee of £200.00 will be apply. Offer conditional on using our chosen supplier for any surveys and conveyancing.
Rightmove- where people look for houses and good estate agents place their houses report that the apparent improvement in prices achieved comes amid a very thin market. Transactions remain 54% below 2007 levels, with the lack of supply driven by homeowners unwilling to move due to the economic backdrop.
The Scottish property market has shown encouraging signs of recovery as house prices gained 6% between July and September 09. The overall picture for the Scotland’s housing market is not so good indicating house price decrease of 3.6% when compared with the same period last year.
The Government department – responsible for compiling and maintaining registers for property in Scotland – said that between July and September, the average cost of a house in Scotland was £154,453 – up from £145,553 in the previous quarter.
The areas in Scotland that saw the biggest gains in property prices were in Perth and Kinross, where prices rose by 15%.
Sheenagh Adams, the Keeper of the Registers of Scotland, said the figures showed “signs of improvement” in the Scottish property market, despite the year-on-year drop.
“RoS is the only organisation that holds the full picture of what’s happening in the property market as we register every sale and property transfer in Scotland,” she said.
“These latest figures show signs of improvement in the property market although we received nearly 5,000 less transactions than in the same period last year.”
Customhouseproperty’s view is that its still too early to be sure that the worst is over and our experience is that the near absence of first time buyers- and therefore fewer cheaper houses being sold means that whilst the mean average has risen individual properties have not seen this rise. If a we suspect the much of the missing 5000 transactions would have been first timebuyers then real values could still be falling.
Recent sellers in Burnbank Meadows have just departed to their new home in England and we wish them well before they went they said the following
“We have bought and sold many houses in our time and we can recommend without hesitation David and Mike at Customhouseproperty.com as your estate agents.
They delivered on their promises, they were attaentive and interested. The were keen to sell our house.
The pictures and brochure were excellent, they generated interest, and had the skills to steer the sale to successful conclusion.”
All I can add is thanks guys we appreciate the kind words, but don’t take their word for it look at what the neighbours think- Two more houses on the market with three offers between them, and another two talking to us about their forthcoming sale needs.
Attention Landlords By Mike Lithgow In the past few years there have been massive changes in the law relating to landlords. We have found that leases in common use are out of date, that not all landlords are registered with the Council, and repair and maintenance obligations are not being fulfilled. If the paperwork is wrong then you may be denied the right to collect rent, be liable for damages or have little recourse to the courts to get your property back if something goes wrong. Having long experience in the rented sector, we understand the financial and regulatory pressures on landlords particularly in present market conditions. Our service has therefore been designed to provide landlords Value for Money. While doing this we will make sure that you are fulfilling all your responsibilities. Call us on 07921 221 266 to chat about how we can help.
price changes in local area by house type
The following piece was written for our newletter whish is currently being delivered accross 5000 houses in our imediate vicinity.
Did you know that one in five houses has changed hands in the past 5 years? In the past year 84 sales were recorded in the KY13 area alone. Over the past year prices have dropped by a further 10 %. The seasonal boost to prices that occurs in the spring/summer did occur this year which is very positive, but we should not read too much into this for long term prices rises.
Even with this boost the net result is that the market is still down, with the average house value for the area at £201,000. Overall this puts values about where they were three years ago.
Comparing this to the national picture the attached graph from Zoopla.com shows how local prices are now very much closer than they used to be to the UK National average. However we believe this is due more to the effect of new builds, which have tended to be higher value properties, rather than a disproportionate increase in local prices against the norm.
Looking ahead, as prices usually move forward in the spring and summer recent increases should not be taken as evidence of a sustained recovery, but rather the normal seasonal pattern. However the fact they are rising does suggest that the market is stabilising and still functioning which in itself is encouraging.
That is not to say that all the houses currently on the market are at the correct market price. Our advice is that increasingly buyers are demanding a Home Report to justify the price and if the house you are looking at doesn’t have a Home Report then insist one is done before you bid. All our houses have a Home Report.
If you are selling and don’t have a Home Report then our advice is to get one and refresh your listing by updating as much of the presentation that you can (new pictures, schedule, internet presence and price). Two sellers who changed agents to Customhouseproperty.com have now found buyers and were delighted with the change in approach we brought.
Rightmove.co.uk in top twenty uk websites
Customhouseproperty.com’s main web portal continues to go from strength to strength. Ranked by Hitwise as number 15 in the UK for April 2009. David West partner in Customhouseproperty said ” we are delighted that in our small way in our first months of our business that we have contributed to the success of Rightmove. By working together Rightmove agents bring the widest possible exposure for your property. We are also really pleased to be ranked as Rightmove’s number one agent in KY13 reflecting our strong commitment to quality in our listing presentation.”
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rightmove performance data