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SOLD, STC – 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.

 

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: 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.

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

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.

 

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

 

 

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

If you are thinking of buying a property and would like a survey to help you make this decision then please contact our Survey Department on 01765 694804.

Guild Blog: What is the ‘No Sale, No Fee’ Method for selling your Home?

There are different types of estate agent model out there, but at The Guild, we recommend the ‘no sale, no fee’.

 

This means that you don’t have to pay until your house is sold, so there is no risk of having to pay for no results. The ‘no sale, no fee’ model is used by nearly all ‘traditional’ estate agents, which means your friendly local estate agent who has a shop on the high street. Be sure to look for this when you decide to sell your home. When you choose the ‘no sale, no fee’ option, it means that your estate agent wants to sell your home as much as you do – they won’t get paid if they don’t!

 

What are the differences?

DIY model 

  • Pay a flat fee up-front
  • Payment is due no matter if the agent sells your home or not
  • Usually conducted online

‘No sale, no fee’ model 

  • No commission is taken until the sale goes through
  • Agents are paid on commission, so they want the same as you: to sell the home
  • Usually has a high-street office, giving consumers an in-person point of contact

 

The choice is yours, and you are free to pick the model that best suits your needs. At the Guild, we recommend the ‘no sale, no fee option because agents with a commission-based fee structure aren’t paid until they get results, meaning their priority is the same as the homeowners: to sell the property. 

 

Iain McKenzie, CEO of The Guild, said: “There has been a rise in the number of DIY packages with up-front fees available to consumers, but no-one has truly explained the pros and cons of each service, so we want to educate the public about the different options that are available. At The Guild, we strongly recommend the high-street option of ‘no sale, no fee’ to ensure that the seller gets the best service and best price for their home in the shortest possible time.”

 

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: What to Look for when Moving to a New Neighbourhood

Packing up and moving to another city, or for that matter, another country, is a major undertaking. It takes a great deal of preparation and is imperative to do the necessary research and weigh up all the options before making the final decision. Regardless of whether it is relocating to another part of the country or abroad, there are essential elements that need to be assessed in each potential neighbourhood to ensure you will settle in. 

Transport 

Does the area provide an easy commute to the office? It’s fair to say that most people spend a significant portion on their day commuting to and from work, so the distance between the two is an important consideration. Other aspects to think about include access to public transportation, service hours, route and stops. If you travel often, find out if the area is within reasonable proximity to an airport, or if there are transport systems linked to the airport for easy commuting.

Location is paramount in real estate and proximity to public transport can have a positive impact on the appreciation of the home’s value over time. Global property market studies have shown that home values tend to rise faster in areas that are close to bus, train and underground stops.

The local businesses

Are the retailers and businesses in the local area the ones you frequent regularly, such as the bank, pharmacy and grocery store? Ideally, you would want these kinds of establishments conveniently located to your potential new home. A trendy coffee shop or gourmet deli are excellent places to catch up with friends but being close to a grocery store that stocks your daily staples is far more practical.

Schools

Even if you don’t have children, the quality of the schools in the area is an important aspect to consider because of the influence they have on property pricing. Figures from the Department for Education (DfE) show that homes near the best performing primary schools are 8% higher, and 6.8% higher when near to the best secondary schools. This can largely be attributed to the high demand in these areas due to parents wanting to be located within the school’s catchment area. The catchment areas for schools that have an Ofsted rating of ‘Outstanding’ see the highest returns on investment.

Amenities

Considering the amenities in the area is important because they influence the home’s investment potential, however there is another element that relates to your personal needs and wants. If you rate culture very highly then you will more than likely want to be near art galleries and theatres, whereas if you are someone who enjoys the nightlife then you would probably want to be close to good restaurants, pubs, or nightclubs. A sports enthusiast would want to know the distance to the stadiums and athletic arenas in the area. There is also the matter of free entertainment, such as parks, museums and libraries.

Economy

This is not a reference to the country’s economy, but rather more specific factors which influence the neighbourhood, such as a high crime rate. There will be telltale signs if an area is experiencing a financial decline or is poorly managed by the council. These signs include houses in need of attention, rundown parks, littered streets, and businesses closing. People will be eager to move out of the area, so look for an unusually high number of ‘for sale’ signs.

 

While there are many other aspects to think about before moving to a new neighbourhood, these guidelines will assist you to find the right area to meet all your needs, regardless of whether it is in the UK or abroad. 

If you are interested in moving, have a look at some of the properties The Guild has to offer.

Please call in to discuss your requirements - our friendly staff are always happy to help

10 North Street, Ripon North Yorkshire, HG4 1JY Telephone: 01765 694800 Fax: 01765 694801 ripon@joplings.com
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