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SALES OFFER 2019 – Spring into Action with Joplings

Spring 2019 Sales Commission Offer!

 

Your property must be For Sale with Joplings, prior to the end of April 2019!

 

Contact our Ripon office on 01765 694800 or our Thirsk office on 01845 522680, to arrange for a Market Appraisal of your property.

 

 

Contact Joplings at #Thirsk on 01845 522680 or #Ripon on 01765 694800 to arrange your Market Appraisal.

Posted by Joplings on Friday, 15 March 2019

Spring into Action with Joplings

Have you made the decision to sell your home this year? 

 

Why not use your local Guild of Property Professionals’ Agent for the Ripon and Thirsk Area and Spring into Action with Joplings!

 

Contact our Thirsk Office on 01845 522680 or our Ripon Office to arrange your Market Appraisal.

 

Spring into Action with Joplings

 

 

*** FEE FREE *** Mortgage Advice Service

London and Country Mortgages

 

Whether you are a First Time Buyer, Buy to Let Purchaser, moving to your next home or wanting to remortgage your property, as part of The Guild of Property Professionals, we have been able to join with L&C Mortgages Ltd to provide FEE FREE MORTGAGE ADVICE! and there are a wide range of mortgages available.

Just click on our L&C mortgage finder to get started …

 

If you would like to find out more about the mortgages L&C have on offer, please click through to their mortgage calculator …

 

 

 

 

 

 

 

 

Property of the Week – POTW – Leverets, Carthorpe

Leverets, Carthorpe

Leverets, in the village of Carthorpe is a well-presented detached bungalow encompassed by large gardens which include an outside barn/store.  The property has an existing staircase giving access to the loft area which with the necessary Planning and Building Regulations Approval could be turned into further bedroom accommodation.

*** DEVELOPMENT POTENTIAL ***
*** LARGE GARDEN/PLOT – FURTHER HOUSING POTENTIAL ***
*** BUNGALOW WITH POTENTIAL TO EXTEND ***
(Necessary Planning and Building Regulations Approval Required)

 

For further information, please visit our website property particulars.

To arrange a viewing, please contact our Ripon Office on 01765 694800.

 

Property of the Week – POTW – 14 Whitcliffe Crescent, Ripon

PROPERTY OF THE WEEK – POTW

We are delighted to be selling as our POTW, a semi-detached bungalow with two double bedrooms situated in the popular south side of Ripon on Whitcliffe Crescent. The property has been a well-loved home but is now in need of some modernisation. Click through to OnTheMarket. com for further information – https://www.onthemarket.com/details/6266332/

The property benefits from a good-sized garden which has scope and potential for the further development of the property, subject to the necessary planning consents.

Contact our Ripon Office on 01765 694800 to arrange a viewing.

 

Property of the Week – 4 Clarkes Croft

4 Clarkes Croft is situated in the village of Dishforth between Ripon and Thirsk.

To find out more about Dishforth Village click through to their website.

For further information about 4 Clarkes Croft, visit our website or click through to … OnTheMarket.com

Contact our Ripon office on 01765 694800 to arrange your viewing
of this lovely property in the pretty village of Dishforth.


Guild Blog: How do you know when it’s time to sell your home?

Have you decided that it is time to sell your home?

 

 

Are you thinking about putting your property on the market, but aren’t sure when or how? It can be difficult to know exactly when you should sell your home. However, there are times and seasons when selling your home is almost certainly the right thing for you. Whether your reasons are personal or market-driven, we’ve identified some of the best times to think seriously about selling your property.

1. Your family needs more space

Your family may not be expanding, but if the people in your house are growing restless, it’s time to consider a change. As young children grow into young adults, many parents move into properties where each child can have their own room. Adding private spaces and larger rooms can also accommodate your family’s needs, so bear that in mind when you’re looking at properties. Knowing that your family needs more space is a key factor in determining if you should put your home on the market.

2. Look to the seasons

The autumn and spring are known for being good times to sell your property, and for good reason. Potential buyers aren’t busy with holidays and Christmas parties during these seasons. The spring coincides with an increase in sunlight and a blooming garden, both of which do wonders for the appearance of your property. In the autumn, the fading light and multicoloured leaves add a romantic touch that’s unparalleled. If you’re selling, try to time putting your home on the market with the beginning of the season.

3. Your family is expanding 

Whether you’re expecting a child or welcoming a parent, there are plenty of family expansions that will require more room for everyone. If you know that your property won’t be able to accommodate everyone, it’s time to put your home on the market.

4. You’re not excited to go home at the end of the day 

Is your home a place where you can rest and relax? Do you feel safe in your neighbourhood? These are all signs that it’s time to start looking for a new home. Your home should be a place where you feel comfortable and relaxed, and anything less should have you looking elsewhere.

5. The local property market is flourishing

Have you been toying with the idea of moving for a few years, but never knew when the time was right? Putting your home on the market when it is flourishing will increase your chances of a speedy sale. But how do you know when the market is flourishing? Speak to your local agent and look around your neighbourhood. Are there plenty of sold boards around? This is a good indication of the state of the property market in your area.

6. You’re considering buying a new property

If you’re thinking of moving house, put your own home on the market first. That way, you’ll be free to make an offer when your dream home comes along. Worried that a buyer won’t want to purchase your house because you haven’t secured another home? Most buyers are very understanding, and will appreciate your honestly if you’re up-front with them about not having found another home.

Are you considering selling your home? Contact your local Guild agent today.

 

Don’t forget that Joplings have a COMMISSION SALES FEE OFFER

but your property must come onto the market BEFORE THE END OF APRIL 2019!

 

Spring into Action with Joplings

 

Guild Blog: How to Upgrade your Home For Less

The home you purchase isn’t always your dream property, but you can turn your property into the home of your dreams with a few quick fixes.

Here are some tips to upgrade your home for less.

 

 

1. Paint your kitchen cabinets 

Freshly painted cabinets give the kitchen an update without the cost of a full renovation. Choose light colours to brighten the space.

 

2. Add mirrors 

Mirrors can make any space seem larger and are an easy way to ‘open up’ a room.

 

3. Invest in landscaping 

Consider adding some landscaping to the front of your property. A tree or two works well in a more rural environment, and never underestimate the power of a few potted plants in an urban home.

 

4. Add wooden floors

Wall-to-wall carpet is no longer a popular choice, as homeowners now prefer wooden floors that they can choose to put a rug on. Consider vinyl flooring in a wooden pattern to get reclaimed wooden floors for less.

 

5. Freshen the front door

First impressions count, so choose a front door in a neutral glossy shade or pick a bright colour with personality.

 

Do you want to find a home to spruce up? Contact your local Guild Member today.

Guild Blog: What are the 10 biggest turn-offs for home buyers?

Pink cottage on the South West Coast path as it passes through Empacombe Quay at Mount Edgcumbe in Cornwall

When it comes to selling your property, making a good first impression is imperative. Our Guild agents share their expertise and identify the top 10 biggest turn-offs for prospective buyers and how to avoid them.

 

1. Clutter

Clutter is not only distracting, but it could indicate that the property does not have adequate storage.

Nick Manson from Mansons Newcastle upon Tyne said: “De-cluttering is a great way to increase your chances of completing a sale, but that doesn’t mean that you have to part with your prized possessions. You can box them up and store them in the loft or garage. If this is not an option, ask family or friends to store them. Failing that, there is always the option of self-storage.”

Creating a clutter-free, minimalistic environment will help buyers visualize themselves living in your home. Additionally, too much furniture can make a property seem a lot smaller than it is.

 

2. Smells

No matter how pleasant your home appears, persistent odours such as the smell of pets, cigarettes, or pungent food can be detrimental when it comes to selling your property.

Simon Bradbury from Thomas Morris Cambridgeshire explains: “An unpleasant odour is sure to put off a prospective purchaser or tenant. Whether it’s the whiff of stale food, pets or even something more… ‘human’… make sure that your property is free of unwanted smells. Ask a trusted friend to give your home a ‘sniff test’!”

It’s better to be safe than sorry, so we suggest opening your windows to air out your property before a viewing and use air freshener or light a candle to ensure your home doesn’t smell unpleasant.

 

3. An untidy exterior

Overgrown, unkempt gardens are a big no-no. Abby Wheeler from Keats Estate Agents Haslemere said: “The first thing viewers see is the exterior. Ensure your bins are not overflowing and your pathway is weed free. Do whatever you can to make your home feel inviting from the outset. Don’t forget, our viewers have probably already done a drive-by before making an appointment.”

 

4. Noise

Most people expect their home to be a place of peace and tranquility. It may not always be preventable, but there are steps you can take to reduce unwanted noise from your property.

Mandy Thomas from Keats Estate Agents Haslemere said: “Upgrade your glazing or install sound proof fencing. Alternatively, try to avoid organising viewings at busy times of the day such as rush hour, when traffic will be particularly bad.”

 

5. No natural light

Light and warmth are two of the most important factors to attract a buyer for your home, especially in the colder months of the year. Angie Kraft from Simmons & Sons Henley-on-Thames explains: “A cold or poorly lit home can be an instant turn-off  to potential buyers by making the property appear dingy and dark in places. If this is the case, it gives the impression of a house that is unloved and uncared for.”

Resolving this issue can be simple. Philip Trollen from Keats Estate Agents Haslemere said: “Natural light is very important as dark rooms are always off-putting. Ensuring the room is well lit, whether that be naturally or with staged lighting is quite simple to do. Make sure the curtains are open and remove those net curtains!”

 

6. Bad décor

Avoid controversial or quirky décor in your home as it is not to everyone’s taste. What you think is retro, others may consider dated. Bold colours and patterns can turn-off a prospective buyer, as it is important for them to see themselves living there and décor plays a huge part in this.

Simon Miller from Holroyd Miller Wakefield said: “Replace heavily patterned retro carpets, when purchasers are greeted with such a carpet all they see is decades of dirt and grim – I can guarantee the viewer will want to leave as soon as they’ve stepped through the door.”

 

7. Nightmare neighbours

Nobody enjoys noisy or messy neighbours, especially not a potential buyer. This is something you cannot change, but it is something you can manage. Whether their garden hasn’t been cleaned in years, or their pet dogs incessantly bark, get to know your neighbour and perhaps they may be able to help. If all else fails, organising viewings for when they are not home might be beneficial, too.

 

8. Poor presentation

Poor attention to detail such as: flaking paint on soffits, grubby kitchen units, tatty net curtains, unemptied ashtrays and nicotine stained walls are taken into consideration when viewing a property.

Lizanne Simmons from Penny & Sinclair Oxford said: “First impressions are massive and we often find ourselves apologising for the sights of the less cared for properties. We always arrive early to a viewing to open the windows, curtains, close the lids to the toilets and pull a duvet into position here and there.”

Simon Bradbury from Thomas Morris Cambridgeshire said: “Dirty kitchens or bathrooms are not a nice thought and certainly not something that a viewer will want to see. My best advice: have the property professionally cleaned before going to market.”

Small and affordable fixes such as: freshening up the paint work, or having your home professionally cleaned will make a world of difference and worth it in the long run.

 

9. An unexpected problem

Martin Moore from Morris Marshall & Poole Mid Wales said: “There is nothing worse for a viewer than turning up to find there is a significant issue with a property which they were not aware of such as a structural defect, a problem with something in the neighbourhood or compromised accommodation. It is a wise precaution to maintain compliance with Consumer Protection Regulations, but it also makes good business sense – the viewers are more trusting of us and willing to discuss the issues and the available solutions.

 

10. An over zealous vendor

It is common for a vendor to want to take part in the viewing or show off their DIY aspects of the property. However, vendors being present at viewings may not always be a good thing.

Stephen Ingram from Penny & Sinclair Oxford said: “A seller that follows the viewer around is never well-received. With the best intentions, those scenarios always highlight why it’s best to leave it to your agent.”

Take a step back and let your agent do the work, it is their job after all and you will thank them later.

 

Are you looking to sell your home? Contact your local Guild Member for help through the moving process.

Guild Blog: Stamp Duty for First-Time Buyers in 2019

In the Budget 2018, Chancellor Phillip Hammond announced that first-time buyers in shared ownership homes will pay no Stamp Duty on the first £300,000 of any property costing up to £500,000. The was made in retrospect back to the previous Budget in November 2017.  Before the announcement, first-time buyers were required to pay Stamp Duty on shared ownership purchases, despite the fact that first-time buyers were deemed exempt of paying Stamp Duty on a property that cost below £300,000.

Essentially, now whether in or out of shared ownership schemes, people buying their first property will not pay Stamp Duty on a home that cost less than £300,000.  For first homes under £500,000, you won’t have to pay Stamp Duty on the first £300,000, which will reduce the amount you need to save.

While the changes apply to first-time buyers in both England and Northern Ireland, they do not apply to buyers in either Scotland or Wales.

How does it work for first-buyers purchasing a home for £500,000?

If you are buying your first property in England or Northern Ireland, you will pay no Stamp Duty on first £300,000 and 5% on the proportional amount between £300,000 and the remaining balance up to £500,000.
For example, if the home costs £500,000, as a first-time buyer you would pay 5% of the remaining balance of £200,000, after the exemption on the first £300,000 has come into play. The equation would look like this:
£500,000 (Purchase price) – £300,000 (First-time buyer exception) = £200,000.
£200,000 x 5% = £10,000 (Stamp Duty payable)
As a first-time buyer, if you purchase a property for more than £500,000, you won’t benefit from any change and will be buying under the standard system. This also applies when purchasing a shared ownership property. If the property is worth more than £500,000, the exemption will not count even though you’ll own less than the full £500,000.

When does it start? 

These changes are in place now and came into place on the day of the Budget announcement in the Autumn Budget 2018. The changes will continue permanently.

Why has it been changed? 

This is designed to make it easier for more people to get onto the housing ladder. It will mean that first-time buyers will have to save slightly less before they buy a home.
It is hoped that it will make the property market move faster at all levels. As there should be more first-time buyers, it will encourage people to take a second step on the ladder, putting more homes on the market. This should help people moving both up and down the housing ladder.

What requirements do you have to meet as a first-time buyer?

If you’re buying with a partner, relative or friend, all the people buying need to be first-timer buyers to register for the discount. This means you will have never owned a freehold or leasehold interest in a dwelling before, and you must be purchasing the property to be your only or main residence.
This includes property all over the world, so if you have a flat in France, you won’t be able to be a first-time buyer in the UK.

What does this mean if your parents are going to jointly buy with you? 

If your parent that has previously bought a house is going to jointly buy a property with you, the sale will not be eligible for a discount. However, you could apply for a “joint borrower sole proprietor” mortgage with a parent. Read this article to find out more.

Does it apply to both leasehold and freehold?

The changes apply to people buying both freehold and leasehold properties, as long as the lease premium is under £40,000 and tax isn’t due on rent.  It all means that it should make it easier for first-time buyers to get on the property ladder and make the housing market move faster at all levels.

Are you thinking of buying a property? Click here to find your closest Guild Member.

Guild Blog: Top Tips to Renovate your Property

Converting a derelict property into a beautiful home is a dream for many. But what do you need to know before embarking on a renovation project? 

 

Renovation projects can be few and far between. When one comes on the market, many people may try to snap it up to make a profit or create their dream home.  Register your interest with your local Guild Member to hear about suitable properties as soon as they come on the market. Also, check your local auction house.

 

If you have seen Grand Designs, you know that building projects often go over budget. Plan realistically and have a large contingency budget.

 

There is a lot of legal work to do before starting a build. Check building restrictions in the area or on the property itself and apply for planning permission.

 

Conduct several surveys before building starts to assess the building and work out exactly what you need to do.

 

Who is going to project manage the build? A professional could do everything for you, or you could do it yourself. From coordinating tradespeople to liaising with the planning department, arranging inspections, organising paperwork and get everything signed off.

 

Joplings are able to help and advise you with your Architecture, Planning and Project Management needs.  Please contact Michael or Richard on 01845 521317 and have a look at the Architectural Services on our website

 

The Guild is a network of the best 800 independent estate agents around the country. Find out why you should choose them to sell your home. Click here to find your closest Guild Member.

 

Guild Blog: How to Renovate on a Shoestring Budget

Wanting to make a good impression and make your home stand out in the crowd doesn’t have to cost the earth. There are numerous budget-friendly ways that you can use to make your property more appealing to potential buyers and increase your chances of selling for the highest possible price.

Wanting to make a good impression and make your home stand out in the crowd doesn’t have to cost the earth. There are numerous budget-friendly ways that you can use to make your property more appealing to potential buyers and increase your chances of selling for the highest possible price.

You can make a big impact without spending big money, too. Subtle, well-thought-out and inexpensive updates are sometimes all that is needed to make a lasting impression and give you the edge in the market.  Here are some budget-friendly updates you could do before listing your home: 

 

Start with a renovation checklist 

Before doing anything else, walk through your home and visit each room to make a list of what needs to be repaired or replaced. It’s might be difficult, but try to be objective, focusing on how buyers would view your home. A second opinion from a friend or family members could help during this process. Look for outdated styles and fixtures, bold patterns and colours, unfinished projects and over-cluttered cupboards or countertops. Consider which elements showcase the home in its best light and what doesn’t. Once the checklist has been established, the next step is to set a budget and make time to complete the tasks.

 

First impressions count

It takes people just 15 seconds to decide whether they like a house or not. That just highlights the importance of making a good first impression. A buyer’s impression of your home is not only formed by what they see on the interior but starts from outside the property walls. People passing by will judge whether they want to have a look at the property by the way it looks from the street. Curb-appeal is vital and contributes to the success of attracting buyers. Start maintenance outside the property and work your way inside. Basic updates such as painting or refinishing of fences sheds and garage doors, cutting the grass and planting some flowers can improve the look of a home from the outside. 

 

Use transitional styles

Every home will have a style that is as unique as the people who own it. Ideally, you want to incorporate modern aspects into the home without losing its character and warmth. A transitional style walks the line between traditional warmth and homeliness, and the clean lines and subdued tones of a contemporary look. You want to tick the ‘just right’ box – not too cold or formal and not too fussy. 

 

Kitchen and bathrooms are key

As some of the most frequently used areas in any home, the kitchen and bathrooms will be a focal point for buyers. Pay extra attention to these areas to ensure they are fresh and look great. Things such as stained shower stalls, broken or missing grout and leaky taps or dated cabinet hardware are easily replaced at minimum cost. Exposed pipes in the bathroom can be boxed in and hidden. 

If laminate on kitchen doors is warped, there are companies who will re-laminate the kitchen doors and carcasses for a fraction of the cost of replacing them. A fresh backsplash is also a great way to update the look of the kitchen while giving the impression of a much bigger renovation. A new kitchen backsplash is surprisingly affordable and DIY-able.

 

A fresh coat

A new coat of paint is an inexpensive way to revitalise the home, especially if you have the skills to do the job yourself. Paint can breathe new life into a dated space and can be used in a variety of applications on walls, doors, cabinets, fixtures and even tiles. It is best to stick to a neutral muted colour palette when deciding on which paint to select, as these colours will appeal to the largest number of people. 

 

Replace or repair skirting boards

It is possible to repaint the skirting boards, but sometimes they can be over-painted and in need of a refreshed look, especially next to repainted painted walls or new carpets. At approximately £1.25 per metre, it’s a cheap fix and there are online companies offering a wide range of styles, meaning you can match styles with any skirting boards you wish to keep. 

 

Replace internal doors and door handles 

If your property was built in the ’70s and you still have the original doors and handles, then they are nearly 50 years old. It’s safe to say that these types of doors and handles will not be coming back into fashion anytime soon. Handles cost as little as £7.99 each, while a door will cost around £46.99 depending on the style and material chosen. 

 

Put up new window coverings

New window treatments can enhance a room without requiring much effort. You can find reasonably priced and easy-to-install shades, curtains, and rods at stores such as IKEA.

 

Light switches and electric sockets

Another cheap but highly effective update, replacing the light switches and electric sockets won’t break the bank but will bring the home into this century. A switch will cost around £1.32, while a socket will set you back approximately £3.89. Think safety first – always employ a professional when replacing electrical elements.

 

Repair failed double-glazed windows

While a blown double-glazed window was once very expensive to repair, this is no longer the case. There are many specialist companies who can remove moisture from inside the failed double-glazed glass, clean and re-seal your windows for a fraction of the cost of buying new double glazing.

 

Hang wall art

The look of a room can be completely changed simply by hanging artwork. Before making holes in the wall, layout the artwork on the floor to get the right arrangement if there are more than one or two pieces. Markets, antique stores and second-hand shops are great resources for finding expensive gems.

 

Updating your home doesn’t have to be expensive or difficult. By making these small changes before listing a property, you are giving yourself the best possible chance of setting your home apart. 

To find other budget renovation tips check out our video on ‘How to upgrade your home for less’. 

Guild Blog: Is Brexit Keeping First Time Buyers Out of the Property Market?

Brexit and First Time Buyers

While the government has put several things in place to boost the first-time buyer’s market, the uncertainty surrounding Brexit and its full impact on the housing market, deposit requirements and property prices have left many would-be homeowners waiting on the sidelines for now.

 

Brexit

According to Chris Sawyer, Managing Director at Sawyer & Co, operating in Brighton and Hove, the area is showing evidence that Brexit is having a significant impact with first-time buyers. “We are seeing first-time buyers showing fragile confidence in the market, which is understandable given the gloomy picture that is painted,” he says. “Many have adopted a wait-and-see-what-happens approach. With an average house price of £400,000, even a small change to value can have an impact on the buying power.”

Brighton and Hove aren’t the only areas to be affected. Nick Manson, Managing Director at Manson Property Consultants in Newcastle noticed that the uncertainty of Brexit is making the buyers in his area take a pause. He adds that warnings from Mark Carney from the Bank of England that a disruptive no deal Brexit could cause a 35% drop in house prices are also impacting buyer’s decisions.

It is no secret that London’s property market has also taken a knock. Conran Estates in Greenwich have pointed out that first-time buyers are very apprehensive, much like the rest of the market in the financial hub. Again, uncertainty regarding Brexit was pinpointed as the primary issue, with buyers concerned they could end up with negative equity having no assets behind them, even though they have decent deposits. First-time buyers who are taking the leap are generally giving offers below the asking prices.

 

Deposits and high property prices

First-time buyer activity has slowed to a trickle in the Midlands, according to Bill Tandy in Lichfield. However, he says that Brexit is not the main antagonist but rather deposit requirements and the high value of the second-hand market.  He adds that low stock and good availability are the main fundamentals at play, aspects that will not change when the dust of Brexit has settled.

 

Not all doom and gloom

For some, it is business as usual in terms of the first-time buyer market. According to Simon Miller, Managing Director at Holroyd Miller in Wakefield, being predominantly a leave area, first-time buyers are not worried in the slightest by Brexit, as employment levels are stable. Brexit has not had a great impact on the area overall and first-time buyers are carrying on as they always have, with no hesitation.

Craig Reynolds, Owner of Urban & Rural in Bedfordshire and Buckinghamshire, agrees. “First-time buyers are generally not holding back but if they are, it is due to other factors – not Brexit. These include elements such as mortgage availability and lending restrictions. House prices have fallen slightly, which has helped first-time buyers. With Brexit having been a saga for two years now, people are just getting bored with it and are carrying on undeterred,” he adds.

In Wales, Melfyn Williams, Managing Director at Williams & Goodwin The Property People Ltd, says Brexit has not impacted his area at all. “First-time buyers seem to be ignoring the press which is the most harmful thing surrounding Brexit. The attitude seems to be that everyone is still going to need a home or to move home at some point.”

Webbers, with offices in North Devon and Somerset, say their area of operation generally has a low number of first-time buyers, but Brexit is not affecting the attitudes of the ones who do. Overall, they say they have seen little impact to their local market. Borrowing is still very cheap and interest rates are low. First-time buyers are not worried.

 

Is Brexit keeping you out of the market? If not, have a look of the properties The Guild has on offer.

Guild Blog: Why do house sales fall through?

 

Moving to a new house can be a stressful time, particularly if a sale falls through. Don’t worry if this happens as there are often ways to get it back on track. Guild Members talk about the potential pitfalls to avoid during your negotiations and give tips to help your sale move forward. 

 

Surveys 

If something unexpected comes up in a survey, it may be a big enough problem to make the sale fall through.

Becky Evans from Mark Evans & Co said: “In our experience, most house sales fall through due to survey reports. Unexpected work picked up on a survey may cause some purchasers to walk away from a sale. We would recommend that sellers sort out any paperwork for work carried out and organise certificates to provide to your surveyor and purchaser.

“If there is work that needs to be carried out, it can be more beneficial to rectify it before going on the market, because if your sale falls through, you will still have to pay solicitor fees and may still end up paying for the work. Purchasers should fully read their survey report and ask their surveyor to explain anything they don’t understand. If surveyors have not seen any paperwork or evidence of work, they have to assume it hasn’t been done and it can therefore seem like a larger problem than it is,” she warns.

Liam Sullivan from Drivers and Norris has some advice. “Some of the more common reasons for losing a sale can be avoided if you ask the seller if they are aware of any major works having been done on the property,” he said. “Or, if alterations have been made, do they have any documentation which signs it off, either from The Council or Building Regulations?”

Chain

A chain can fall apart for many reasons, and sometimes people can get bored of waiting and find a house elsewhere.

“When you agree a sale, you expect it to go through to completion. However, this is a time when you are not in control of events. You must rely on your buyer, and maybe even their buyer, and so on until the chain is complete. Any one of these people can and do change their minds occasionally. It is often nothing to do with your property,” explains Zoe Hayle from Marshalls Penzance.

The results of a single break can be huge, too. “A sale falling through at the bottom of a chain of sales can potentially jeopardise all of the others, so one break can mean three, four or more sales falling through,” says Justin Flanagan from Charles Eden.

How can you try to stop a chain from falling through?

Becky Evans from Mark Evans & Co has some advice: “Our biggest advice to purchasers and vendors is that you may have to compromise during your sale. Also, picking the right estate agent can literally keep your sale together; our contract chaser is invaluable and on many occasions, sales would have not gone through without her.”

During a negotiation 

Negotiations can be a tricky time, and you can find yourself dealing with surprising demands. It is worth being flexible, and remember that small details should not be a make-or-break on your deal.

Cheryle Wileman from Liverpool Property Solutions says that the key is good communication. “Fixtures and fittings can also cause some fraught negotiations with sellers wanting to take fitted wardrobes etc out of the property,” she explains. “Keeping calm is often the key.”

Allan Carr, Founder of Pulver Carr, agrees that a level head can push a sale through. “I have seen a number of sales almost fall through due to silly reasons such as having to leave a tired old shed, leaving curtains, not wanting to contribute towards an indemnity policy, or not being able to agree on a completion date.

“This is where the quality estate agent mediates between both parties and get them to look at the bigger picture of completing the sales transaction,” he says.”

People changing their mind and pulling out

Situations change all the time. Someone could lose their job, a family member could become ill, or people can simply have second thoughts.

Mike Coles from Debbie Fortune has noticed a range of reasons why minds can be changed. “The seller can change their minds after first accepting the offer and decide to stay put, which is sometimes called ‘gazanging’. The seller may not be able to find another property to move to, or the buyer’s finances are not in place or their mortgage advance is rejected.

“The buyer can be ‘gazumped,’ which is when the seller receives a higher offer from another buyer. The opposite, ‘gazundering’, is when the buyer reduces their offer at the last minute, before contracts are signed,” Mike explains.

As much as a buyer may want to move ahead, they may not be able to. “Despite buyers having AIP finance, there is a changing mortgage market and tougher underwriting depending on the loan to value once an actual application is completed. This can lead to upset unless the buyer has regularly reviewed the arrangements they have made,” points out Justin Flanagan from Charles Eden.

What should you do next? 

If a sale falls through, Kelvin Francis from Kelvin Francis says: “Get the property back onto the market without delay and commence a new marketing campaign. In the event of the cause having been a result of the survey, the seller should deal with any faults.”

How can you prevent a sale from falling through? 

Don’t forget to check your mortgage status before putting in an offer to ensure that you will be accepted to buy the home.

You should always remember to be patient, especially when waiting for sales to go through. The negotiation stage can be the most frustrating as you want the sale to move ahead quickly, but it is worth taking a step back and letting the negotiations take their course.

 

The most important thing is to choose an agent who will be able to constantly chase your sale through, no matter if it is in a chain of not. A highly-regarded independent estate agent, like Members of The Guild of Property Professionals, will be experts in sale chasing and can ensure that everything possible is done to stop a sale from falling through. 

Are you thinking of selling your home? Click here to find your local Guild Member. 

 

 

 

 

http://www.guildproperty.co.uk/news/post/1510588332/why-do-house-sales-fall-through

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