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As well as the cold weather, January brings with it the promise of new beginnings. So it’s no surprise that it’s the time of year when a huge number of people put their house on the market.
However, finding the right estate agent can be daunting, so we’ve put together some ‘tips of the trade’ on what to avoid and how to choose wisely.
All that glitters: if it sounds too good to be true, it probably is. Some agents will over-value a property to get your business, rather than be realistic. Make sure you get two or three quotes to get a rounded view from several experts.
Bogus buyers: be wary of agents that tell you they have a buyer ‘lined up’ for you on their valuation visit. This could genuinely be the case, but unfortunately it can sometimes be a way to get you to sign up with them without a buyer existing.
Sole purpose: look out for contracts with ‘sole selling rights’ in the terms of business. If you end up selling to a friend or your cousin for example, the agent could still try and take a fee due to this clause.
Shop around: some agents offer access to their own in-house solicitors and mortgage brokers. But don’t feel obliged to use these, be sure to shop around and make sure you get the right deal for you.
Quality counts: be sure to check out the industry qualifications of the agency you are thinking of using. An agent that is a member of the National Association of Estate Agents (NAEA) for example, has to undergo regular training and keep up to date with the latest regulations to ensure quality standards
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We often speak with customers, and not just first time buyers, who find mortgages highly confusing. When confronted with industry jargon such as fixed rates & variable rates, trackers and LTV, many people feel understandably overwhelmed.
This piece in the Telegraph recently is a really good back to basics overview of mortgages and all that is involved. After all, it’s much more fun spending time thinking about your dream home than trying to translate your mortgage offer into plain English!
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Our friends over at Zoopla have recently released their ‘rich list’ of Bristol Streets. This Bristol post article has some really interesting facts and figures in it, for example did you know that Bristol has 54 streets on which the average property value is £1m or more? That’s a lot of beautiful properties for one city. Read more about the richest streets in Bristol here.
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According to a recent news story our region is out performing all other regions of the UK when it comes to property prices. The latest data from the Land Registry shows that the average price for a house in the South West is £243,226, a rise of 9 per cent since this time last year. Nationally, the rise has been 8.4% so Bristol and the surrounds remain highly desirable areas.
As a Bristol based estate and lettings agent, we wouldn’t argue with that! Especially being based in the leafy suburbs of BS6.
If you’re thinking of seizing the opportunity and putting your house on the market, you know where to come. As an award-winning, independent agency, you’re guaranteed a warm and friendly personal service from our team.
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Please keep your fingers crossed for good weather this weekend for the annual Chandos Road Street Festival, which takes place Sunday 25th September 12 noon – 5 p.m. As proud sponsors, we are looking forward to live music, food & drink, children’s entertainments and more for local families to enjoy. Also, for this weekend only, if you come along & see us and book a sales valuation appointment for your house you could win one of five £50 vouchers to spend at Wilson’s restaurant. So come along, bring the family and celebrate being part of our fantastic BS6 community!