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Sell or let your property online - privately
July 6, 2011, 2:00 pm The internet has revolutionised the way we search and buy property with over 90% of property searches now done online. Sellers are realising that they don't need an estate agent to sell online plus by selling privately, they can save thousands of pounds on fees. An average home in the UK is approximately worth £250,000. Take an estate agent fee of 2% plus VAT, that's a saving of £5,375 if you sell privately! Anyone can sell online Selling your property yourself is not difficult and you don't need to be an expert salesman. All you need to do is: 1. Price the property realistically. Use an estate agent - it's free. 2. Present the property well. Remember, 1st impressions count. 3. Find a good conveyancer to take care of the legal stuff. 4. Start advertising online and expose your property to millions of potential property buyers. More benefits of selling yourself By selling yourself you can take control of your sale and be in the driving seat. You can speak with potential buyers, book your own viewings and receive direct feedback. You will also give the sale the attention it deserves as well as negotiating a higher price. Still not sure about selling privately? Many people assume that it is easier to sell using an estate agent and don't have the confidence to do it themselves. Many people also believe that an estate agent will get them a higher price for their property. If a property is over priced then the mortgage lender may refuse the mortgage resulting in a No Sale and waste of time. Another myth is that people don't have the time to sell their property; by using an estate agent many viewings are still managed by the seller and not ... 
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Property investment opportunity - Folkestone, Kent
February 24, 2011, 3:20 pm  With the high speed rail link from Folkestone to London, the prospect of investing in Folkestone has become appealing to many investors. With TV coverage by programmes like 'Homes under the Hammer' Folkestone has seen a surge of new developments in the hope that there will be an influx of home buyers coming in from London. Complemented by the fast link by train, Folkestone also boasts a beautiful coast, the Downs, the Channel Tunnel and its close proximity to France. Regenerating a historic seaside town The town has seen heavy investment in its infrastructure. From the town centre, The Leas and now the harbour. Big brands have done their homework and have now influxed the town from ASDA to Next to Primark. With an array of cafes, art galleries and quirky little shops, the town has become increasingly attractive as a place to stay and visit. House prices According to trends from the Land Registery, house prices are back on a steady up after being hit by the recession in 2009.
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Low deposit mortgages for first time buyers
November 25, 2010, 11:38 am Do they still exist? If you are a first time buyer - long gone are the days when you could get onto the property ladder with £0 deposit. But can you still get onto the property ladder? Yes you can but you will need a minimum 25% deposit and a good credit rating to get your hands on a good deal. Getting a mortgage The best way to get a mortgage is to save, save and save. Moving into your parent's house for the short term may not seem like a bad idea if it means saving up for your dream home. By saving at least 25% you will have access to better rates and a wider choice of mortgages. 5% deposit mortgages are available but are not competitive. There is one option that could be a great way to get onto the property ladder - Lend a Hand by Lloyds TSB. The 5% deposit mortgage deal - ideal for first time buyers The idea behind this deal is that you raise a minimum of 5% and you ask a family member or a generous friend to help by putting their savings up as an additional security for the mortgage. The amount must be the remainder 20% needed for the mortgage. Your helper will earn interest on their savings so they won't be losing out. For more information on this product, visit your local Lloyds TSB branch.
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Property investment analysis made easy
November 13, 2010, 1:23 pm  (from Cardea Investment Solutions). If you are a property investor you may be enjoying the current opportunities in the market place. Bargains seem to be more readily available, but it may be time consuming to evaluate a large sample of properties with spreadsheets and hand written 'back of the envelope' calculations. RE-Tracker is a real estate investment analysis software application. Its purpose is to help you keep your finger on the pulse of the property market. With RE-Tracker it’s easy to compare a large number of potential investments, identifying the good ones and exposing the lemons. This is achieved by evaluating performance through a suite of 21 analysis reports along with real-time analysis of key performance indicators such as pre-tax and after-tax cash flow, cash on cash return and internal rate of return. So how does it work? Step 1 - Enter some basic information such as the asking price, market value, expected sale price etc. Step 2 - Experiment with mortgage options. Step 3 - Review and compare the results. RE-Tracker identifies the first year in which positive pre-tax and after-tax cash flow, cash on cash return and internal rate of return are achieved. These performance indicators can be compared to those of other properties on ...
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Lease Options - an affordable alternative?
October 10, 2010, 4:19 pm We hear it in the news every day - 'UK housing market slumps again'. With the ever increasing difficulty of obtaining a mortgage and the need for high cash deposits, many people's hopes of getting onto the property ladder is diminishing. There may be an affordable alternative for fist time buyers, the self employed and people who have a poor credit rating. Following the trend in the US and Australia the UK is now experiencing the emergence of the 'Lease Option'. So how does it work? If you are looking to get onto the property ladder but are finding it hard to get a mortgage then a Lease Option may be worth considering. A Lease Option provider will purchase a property on your behalf and allow you to move in as a rent-paying tenant. You will then have the option to buy the property outright after a fixed period of time - typically 3 - 5 years. You will be under no obligation to buy after the end of the term. What are the benefits? For many first time buyers this can be a better deal than a conventional mortgage. You don't need to take out a mortgage straightaway and you get to live in the property whilst improving your financial situation over time. A deposit will be required but can be as little as 2% which will be deducted from the final sale price. Your rental price may be higher but some of this contributes towards your deposit in the future. What are the downsides? A Lease Option is a major commitment. You should be sure of your plans in the long term. If you go into this type of scheme and then a few years down the line you decide to exit, then you will lose your deposit money ...
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TheBIGHouseTrader Press Release, September 2010
September 2, 2010, 6:22 pm  Until now private home sellers and estate agents have not shared the same platform. With the phenomenal growth of private home sales over the recent years TheBIGHouseTrader gives home seekers greater choice to search for their next home - all under one roof. With features such as image upload, You Tube videos, Google Street View, area guides, post a question, upload of properties onto Google Property Search and ad management, the website gives users a simple and user friendly experience. The blog section is full of content that is relevant and includes real life experiences of property buying and selling. Users can interact by sharing ideas and experiences. This is also a great area for small businesses to share unique ideas and new ways of property ownership. TheBIGHouseTrader welcomes all feedback of the website. For comments and any enquiries please email us: enquiries@thebighousetrader.com
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To rent or to sell
August 31, 2010, 9:56 pm Real life story My name is Sohail and I live in Tunbridge Wells, Kent. I have a lovely wife and a gorgeous little girl named Saara. We currently own a two bedroom terraced house and space is getting limited with a growing family. So the question is, shall I rent out our current property and borrow more to buy a second home or shall I sell up and use the capital to buy another house? The idea behind renting out my current home is to keep this as an investment for my daughter to help pay for her student fees. I decided to go and see a mortgage adviser as unlike a lot of my friends and family I missed out on the latest cuts on interest rates and wasn't able to save. The mortgage adviser was really helpful. He sat down with me and wrote down my salary, value of my house and how much I wanted to spend on my second home. He illustrated both options to me. Option 1: to rent out my current property and borrow the extra to buy a second home. Option 2: to sell my current property and use the capital as a deposit towards my second home. With option 1 I would be paying a higher interest rate as I would not have a deposit to put down. Option 2 worked out better for me as the capital gained would give me a lower interest rate and I could afford to borrow a little more and buy a nicer home. As soon as my current mortgage offer ends, I will be placing my home for sale on www.TheBIGHouseTrader. com. Hopefully I will save a little on fees and save this for my daughters future. Sohail Islam Tunbridge Wells
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Sell or let your property online - privately Property investment opportunity - Folkestone, Kent Low deposit mortgages for first time buyers Property investment analysis made easy Lease Options - an affordable alternative? TheBIGHouseTrader Press Release, September 2010 To rent or to sell |
