Archive for July, 2009

Wanting to advertise your home online and sell your house quick? Maybe you have a mortgage that’s about to change to a higher rate. Maybe you have a new job and are moving a.s.a.p.? If you need to sell your house quickyl in this market, you can. Read on for our 5 top tips for selling your property.

1. Reducing the Price Little by Little.

There’s nothing that smacks of desparation as much as continual, small reductions in the asking price of a house. The longer a home is on the market, the more stale it appears. If a house has been on the market for an age, it means that many potential buyers have seen it, and rejected it. Potential buyers know that a house has been on the market for months - it’s easy to find out. Why would anyone else bother to look, if they know that it’s been rejected by the market? The most popular homes for sale? The newest and cheapest. Why not be both at the same time? Then you’ll have no problem selling your house quickly. Have a look around your local market, and find homes that are similiar to yours - number of bedrooms, bathrooms, size etc. Then slash your price 10%. Which one would YOU buy? Want to sell your house quick? Then put it on the market for a great price you can afford.

2. Waiting It Out for the Market to Turn.

You might feel like you want to ‘wait it out’ for the market to turn…and so is everyone else! There are thousands out there. When the market does eventually turn, there will be an explosion of housing put onto the market, and competition will be even fiercer. If you want to sell your house quick, drop your asking price 10%, take the profit and move on! When’s the best time to put your home on the market? NOW!

3. Showing a Cluttered home.

Don’t waste your time showing people a cluttered home. Buyers can’t see past your clutter, and they can’t see the size of the house. People don’t want to see your charming family photographs remember - they want to visualize their new property - without you in it! So keep all pictures and unique family heirlooms out of sight. Ask a friend to hold onto your photographs and clutter for a few weeks and let your house sell itself.

4. Not accepting the First Bid.

We see this happening again and again in the market. The seller gets the first bid in and thinks ‘Yes, that’s the first one - I knew this was a great buy!’ They’re filled with confidence. The first offer isn’t amazing, you thought you’d get more, so you decide to let the offers come rolling in and create a bidding war. In this market - big mistake. Research shows that 2 out of 3 times - the first bid is the best. Don’t be tempted to get greedy. A bird in the hand, remember?  Sell your house quick - take your profit, be happy and thankful, and move onto your next home - it really is that easy!

5. Create a buzz

The more people you let know about your house sale, the better. Your aim here is to get as many people through your door as possible. Let everyone know. How to do it? Advertise. You can advertise online, and you can also do some footwork. Why not print up some flyers? Let everyone in your neighbourhood know that your house is for sale. How many houses are there in your neighbourhood? Leaflet drop as many people as you can. It’s easy - ‘House for Sale’ at the top, a picture and the address. You can put the date of your open day too. You’ll get the calls. It’s highly likely that someone in your neighbourhood will be interested in another nice property in their area. Maybe they’re looking to upgrade? You never know. Why not hire an inflateable house for your lawn? Stick a sign on it - organise an open day. Word of mouth can work wonders for you.

You can also offer financial incentives. People sometimes need an offer of something ‘extra’ to get them through the door, for that extra appeal. Think outside the box. What can you come up with? In the U.S., you could offer to pay for the taxes for a year. What about gardem maintenance for a year? Could you offer to pay for closing the deal with lawyers? Maid services for a few months? What are the costs that you would like to be offered when buying a house? All neighbourhoods are different, so think what applies to you.

Make your advertisement different. Stand out from the crowd. Sell your house quick!

New figures released from Rightmove reveal UK home sellers have increased the prices they are asking for their homes.

As demand has increased in June, prices have increased .6%, the first rise since the recession began in late 2007. Homes have started to sell again, and many believe that we have seen the bottom of the market. Indeed, some comment that the bottom has already passed, and that the best bargains have already gone! You have to be fast in the property market.

Prices in the capital showed their first gains of the year, and the market is now showing signs of a recovery, after the worst recession for generations. The recovery, if it really is here, will inevitably be a long slow process.

Rightmove recorded more traffic to their website in July, and 7 out of 10 regions tracked had reported an increase in average asking prices.

London, as to be expected, led the way in increase in values with Westminster rising over 5% with Camden and Croydon following close behind. Mortgage lending is also up, though still lower than this time last year.

After the U.K government spent million resurrecting the banks, it seems that the creation of cash through printing money is finally turning the corner for the economy. Predictions are that the economy will grow .5% in 2010. The Bank of England has cut the benchmark interest rate to .5% - a record low  - in attempts to revitalse the lagging economy.

Looks like we are slowly beginning to see the slow recovery many have been waiting for.

Click Here to see all property for sale in your area.

News just released in Australia has revealed that investors are increasingly confident of an upturn in the property market in 2010.

‘Your Mortgage’ magazine recently produced a survey where they questioned investors about their sentiments on the Australian market, and the findings showed that they remain overwhelmingly positive about the future prices of homes down under - and over 60% said they were considering buying over the next 12 months.

Recent reports on our site have confirmed what many in europe find hard to believe - that Australia is carrying on regardless of the recession - with house prices suffering only minor tremours, as the U.S and U.K suffer severe depressions and a housing price collapse.

House prices have faltered only slightly over the coarse of the last 18 months, and many foreign investors have been buying heavily in Syndey and Melbourne, with Perth’s property market also enjoying a sustained stability.

Housing loan approvals remain strong, and house prices have seen steady increases across almost all regions.

Much of the good news stems from Australia’s recent increase on exports to china, Australia’s largest trading partner. Recent changes in visa regulations may encourage even more investors to start buying. Sydney remains the most expensive city to buy in, with Hobart in Tasmania the cheapest. It seems now is a great time to be buying in Oz.

To search your local market in Australia, click here.

There’s another month of good news coming out of the U.S. today, as new figures reveal that housing sales are up for the third straight month. Could spring be the bottom all investors are hoping for?

Sales lifted the spirits of wall street again, as the National Associates of Realtors released figures for June - up 3.6% from last month. Number are still down 0.2% from the same time last year, but the figures give note to a very positive uptrend. Sales are expected to continue to trend upwards this year, with tax incentives and affordable price being prevalent in most markets.

Good news was released to day in the U.K., with new figures revealing a continued rise in the private residential letting yields. Demand in the private letting sector continues to push up rental values during the last 3 months.

In the first quarter of the year, rents were up 6.2%, and in the last 3 months, rental values have risen 6.4% - ending a period of lengthy stagnation in the U.K. rental market. The recent figures also revealed that confidence is returning to the market, with many predicting rental demand will continue to rise over the coming months, with others predicting a stabilisation.

A lack of finance in the property market is bolstering rental values, as potential first time buyers are still out of the market, and are forced to rent. Students, immigrants and young professionals are keeping the demand very much alive.

As long as the rental yields continue to florish, buy-to-let investors will continue to buy into the market, as long as interest rates remain low. Sentiments in the U.K., are generally that the market has bottomed out, and from here on in the market will begin it’s slow and steady recovery. Price decreases have slowed down in the last few months, with many predicting that the market will continue it’s recovery over 2009, and into 2010. There remain doubts as to how soon prices shall reach the unprecedented levels seen in the peak of 2007. There will inevitably be a huge upturn in sales when pent-up demand in the U.K. is given the finance again to start borrowing.

For a list of property to buy in your area, Click Here.