Welcome to your monthly property update!

Welcome to your monthly property update!




Jokes at Joe'sWednesday, 6 September 2023

Big Deal Comedy and Joe's coffee shop have joined forces! 

Click here to read Jokes at Joe'sWednesday, 6 September 2023.



Oliver Road, Hemel Hempstead, HP3

This 3 Bedroom Semi Detached family home has been refurbished to a high standard and is situated in this sought after residential area...
 
£495,000

Click here to read Oliver Road, Hemel Hempstead, HP3.



Thumpers, Hemel Hempstead, HP2

David Doyle are delighted to offer to the market this very well presented three double bedroom family home with situated in this popular...
 
£425,000

Click here to read Thumpers, Hemel Hempstead, HP2.



Lucks Hill, Hemel Hempstead, HP1

This well presented 2 double bedroom with a driveway is conveniently located...

£365,000

Click here to read Lucks Hill, Hemel Hempstead, HP1.



Great Road, Hemel Hempstead, HP2 5LB

This spacious 3 double bedroom detached chalet bungalow offers well arranged accommodation...

£680,000

Click here to read Great Road, Hemel Hempstead, HP2 5LB.



Sunnyside Christmas Arts Fair Fun DaySat Dec 14 2024

Join us for our Christmas Arts Fair Fun Day at Sunnyside Rural Trust in Hemel Hempstead. The fun day features all your favourite artists, makers and bakers as well as local therapists' here to help you relax at this busy time!

Click here to read Sunnyside Christmas Arts Fair Fun DaySat Dec 14 2024.



The benefits of allowing your agent to conduct your viewings


Selling your home is no simple feat, and viewings are one of the most critical parts of the process. While some people choose to conduct their own viewings, there are distinct advantages to letting your estate agent take the reins.

Here are some key benefits of allowing your agent to manage your property viewings:

Professional experience and expertise

Estate agents are trained professionals with extensive experience in conducting property viewings. They know how to highlight the best features of your home and answer difficult buyer questions confidently. Their expertise allows them to present your property in its best light, appealing to a broad range of potential buyers.

Objectivity and neutrality

As a homeowner, you’re emotionally invested in your property, which can make it difficult to remain impartial during viewings. Buyers may feel hesitant to express concerns or ask difficult questions if the seller is present. An agent acts as an objective, neutral party, allowing potential buyers to give honest feedback and explore the property without feeling pressured.

Better time management

Allowing your agent to handle viewings frees up your time, especially if you're balancing work, family, or preparing for your next move. Estate agents can schedule and coordinate viewings around the buyers' availability, ensuring flexibility while removing the need for you to be on call at all hours.

Tailored to buyer preferences

Experienced agents understand the types of questions and concerns that different buyers may have. Whether it’s focusing on local amenities for families or discussing property investment potential with landlords, agents can tailor their pitch based on the buyer’s needs, something that may be harder for sellers to do effectively.

Increased buyer comfort

Potential buyers are more likely to explore the home in greater detail when the seller is not present. When buyers feel at ease, they tend to spend more time during the viewing, asking more questions and visualising themselves in the space. This can create a stronger connection between the buyer and the property, increasing the chances of an offer.

Prompt feedback and follow-up

After a viewing, agents can provide immediate feedback from the potential buyer, which can be invaluable for making any necessary adjustments to your property or pricing strategy. Agents are also skilled in following up with interested parties, gently encouraging them towards making an offer, without appearing pushy.

Local market knowledge

Estate agents know the local property market inside and out. They can provide insights into local market trends, schools, transport links, and future developments that may sway a buyer's decision. 

Reduced stress

Selling a home can be stressful, especially when managing viewings alongside other responsibilities. By leaving viewings to your agent, you can reduce much of the day-to-day pressure and focus on preparing for your next move. Trusting your agent means you can step back, knowing that the sale process is being handled professionally.

 

Ready to start your moving journey? Book a professional valuation with us today



Why winter could be your golden ticket into the property market


The UK property market is full of opportunities at any time of the year. However, every season has its positives, and winter is no exception. So, what are they? And why else could this winter be your chance to move?

More competitive mortgage deals

This winter is looking a lot better than last year when it comes to getting a good mortgage deal. Better mortgage deals mean lower monthly mortgage repayments. Waiting to move can be agonising, especially when the opportunity to buy the home you really want passes you by. Now that better deals are here, the waiting is over, and buyers have a better chance of securing the property they have wanted for so long.  

Favourable market conditions

During the summer, the number of sellers entering the market increased by 5% compared to the same period last year.* This is due to increasing confidence. The market is also showing positive signs in terms of pricing. House prices are strong and healthy, providing excellent value without becoming overinflated. This means sellers and buyers get a good deal.

Motivated buyers

Over the winter months, some homemovers hibernate, leaving those who are serious about moving remaining in the market. That means potential buyers viewing your home are highly motivated. So, if you are selling your property, you may receive an offer more quickly than you expected. Some sellers may delay their moves until the spring, which could make it easier for a buyer to discover your home.

First time buyer schemes 

The First Homes Scheme can allow some first-time buyers to get on the property ladder with 30%–50% discounts.** Some councils may have different criteria, but the good news is that this applies to both newly built homes and those previously purchased through the scheme. The mortgage guarantee scheme is also in place, which can help first-time buyers get on the property ladder with a 5%** deposit.

Potentially less competition 

Winter creates a desire to curl up in front of the fire and relax. With fewer buyers venturing out in the cold you may have less competition when making an offer. While other potential buyers are snoozing, your offer might be accepted, and you could finally get the keys to your dream property. That said, there are many buyers who are looking to find a home before Christmas or in the New Year to make a fresh start.

Making an early start 

Winter is long but can quickly pass by, just like many of life’s opportunities. The run-up to Christmas, the New Year, and the approaching spring stand out in our minds as good times to enter the property market. Whenever you choose to move, making an early start always helps. Then, when the right property appears, you are already well on your way. Understanding the value of your property and keeping an eye on listings is an excellent starting point.

 

Booking a valuation could be your golden ticket to a better property

Rightmove*
GOV.UK**



Inheriting a property? Here’s everything you need to know

Inheriting property can be both a blessing and a challenge. Whether it's a cherished family home or an unexpected asset, navigating the legal, financial, and emotional aspects requires careful consideration. Here’s a comprehensive guide to help you understand the essentials when inheriting property.

The probate process

Before inheriting a property, the deceased’s estate typically goes through probate. This legal process confirms the validity of the will and appoints an executor to distribute assets, including property.

Inheritance tax

In the UK, inheritance tax (IHT) may apply to estates above a certain threshold. It's crucial to determine if the property is subject to IHT and understand any reliefs or exemptions that may apply.

Title deeds and ownership

Upon inheritance, you’ll need to transfer the property’s ownership. This involves updating the title deeds with the Land Registry, which ensures legal ownership rights.

Mortgage and financial responsibilities

If the property has an outstanding mortgage, you’ll need to address repayment options. Seek advice on handling financial obligations related to the property.

Wills and intestacy 

Whether there’s a valid will or not affects how the property is inherited. Understanding intestacy rules is crucial if there’s no will.

Executor’s role

Executors have legal responsibilities to administer the estate, including the property. They ensure debts are settled, taxes paid, and assets distributed as per the will.

Property valuation

Obtaining a professional valuation helps assess the property's market worth. This informs decisions on selling, renting, or retaining the property.

Family discussions

Inherited property can stir emotions and family dynamics. Open communication and clarity on intentions can help mitigate potential conflicts.

Maintenance and insurance

Property upkeep and insurance are ongoing responsibilities. Ensure the property is adequately maintained and insured to protect its value.

Selling or renting

Decide whether to sell, rent out, or occupy the property. Each option has financial and personal implications, so consider your long-term goals.

Seek professional advice

Navigating inherited property involves legal, financial, and personal considerations. Consulting with legal and financial professionals ensures you make informed decisions tailored to your circumstances.

For more advice, contact our expert team today



What’s on the horizon for landlords and tenants in 2025?


As we look forward to the year 2025, the landscape for landlords and tenants is set to evolve in several intriguing ways. From regulatory changes to emerging trends in property management, here's a glimpse into what both parties can expect in the near future.

Evolving regulations

Regulatory frameworks governing the rental sector are expected to undergo significant updates by 2025. With a growing emphasis on tenant rights and sustainable housing practices, landlords will likely face stricter compliance requirements. This could include enhanced energy efficiency standards, more robust tenant protections, and possibly even rent control measures in certain regions.

Technology integration

The role of technology in property management is poised to expand further. Landlords may increasingly adopt smart home technologies, such as remote access systems and energy-efficient appliances, to attract tech-savvy tenants. Digital platforms for rental agreements and rent payments are also likely to become more commonplace, streamlining administrative tasks for both landlords and tenants.

Sustainability initiatives

Environmental sustainability is becoming a key consideration in the rental market. By 2025, tenants may expect eco-friendly features such as solar panels, rainwater harvesting systems, and green building certifications. Landlords who invest in sustainable upgrades not only contribute to environmental goals but also appeal to environmentally conscious tenants.

Changing tenant preferences

The preferences of tenants are evolving, driven by demographic shifts and changing lifestyles. Young professionals and families may prioritise properties with flexible work-from-home spaces or proximity to green spaces. Additionally, there's a growing demand for rental properties that offer community amenities such as gyms, co-working spaces, and communal gardens.

Financial considerations

Economic factors will continue to influence the rental market in 2025. Landlords may need to navigate fluctuating property values and mortgage rates, impacting rental pricing strategies. Tenants, on the other hand, may seek more affordable housing options amidst economic uncertainties, potentially leading to a rise in demand for rental properties in suburban areas.

Legal protections and dispute resolution

As the rental market evolves, so too will legal protections for both landlords and tenants. Clearer guidelines on eviction processes, deposit protections, and dispute resolution mechanisms are expected to provide greater clarity and fairness. This could foster better landlord-tenant relationships and reduce litigation over rental issues.

Looking ahead

While challenges and opportunities lie ahead for landlords and tenants in 2025, proactive adaptation to regulatory changes and market trends will be crucial. Whether you're a landlord aiming to enhance property value or a tenant seeking a rental home that aligns with your lifestyle, speak to an expert letting agent for expert advice on upcoming changes in your local area.

 

Contact our expert lettings team today