Have you seen Epsom, Ewell and Stoneleigh recently? Noticed one or two boards up with the vibrant purple and gold insignia of The Personal Agent? You’re not alone, once again The Personal Agent has been independently verified as the leading Estate Agency in the Area, with more sold signs that any other. On this auspicious occasion we’ve had a glitzy new flyer printed to let everyone know!
Really though, it’s all about you the aspiring property owners and sellers. We work hard, really hard, to make sure that we know exactly what you want to achieve and then work even harder to exceed your expectations. So a big thank you to the local area for making us your number one agent.
Buying, selling or renting a property can be a lengthy process, especially if you have something specific in mind, so having a trust worthy estate agent working hard for you can be a real asset. This article explores the benefits that you can reap from a good agent and some of the common and silly stereotypical scenarios that might prevent you from utilising a good Estate Agency service.
So what might you have heard? Everyone has heard of the nightmare experiences and desperate measures that agents can go to get that sale at any cost, right? Well here are a few for you to check out and the reality of the situation.
Let start with the old trick of a colleague calling the agent while you’re on a viewing to tell you that an offer has gone down, does it really happen? Well in reality it’s not likely. Estate Agents don’t earn commission as a team they earn it individually; there is no incentive to notify a colleague while they’re out on a viewing as they want their offer to be accepted rather than the prompting those on a viewing to place an offer. If there is a genuine customer calling in they still need to submit their offer in writing, which means there is time.
What about multiple viewings converging at once? At any given time there will be a limit to the number of X bed properties on the market that are of the quality and in the location that a customer requires. When one comes along that naturally has all the required features that 9/10 people want, your agent and everyone else’s agent will want to get you through the door as quickly as possible. It is also likely that an agency will only have one set of keys so it’s only natural that cross-overs of appointments do happen.
Why do agents show me properties I can’t afford? It’s really an exercise in managing expectations of the property hunter. Anyone looking for a property will usually compromise on one of three things; Price, Place or Property. For those that refuse to budge on any of their criteria and expect that it’s a matter of time before the dream home comes to the market, showing what it costs to get the perfect home can help customers shift their expectations accordingly, which will be a compromise on one of the 3 P’s. At the end of the day 90% of people compromise in one way or another but a customer will need to see a range of properties at and above their budget to judge the market and make an informed decision.
Okay we’ve heard enough about what goes on, so what are the benefits of good agent? It’s all really down to communication and transparency and OCCASIONALLY a murky hazy opaque sort of area to get things over the line… Kidding, it’s definitely about transparency. Like we’ve said without seeing properties you won’t be able to judge the market but in the beginning you will probably be shown the best properties anyway. So this is where a good agent comes in? First of all you get high levels of service, someone who takes the time to get to know you in order to understand not just the property you want but the reasons that you are moving, such as work situation or your transportation, can have profound effect on your outlook of any given property. Someone who aim to get to know you as a person, as it is important to judge accurately how you need your agent to interact with you. This means when you get a call from us about a property you are genuinely excited because you know it will be as close to right as possible.
So all that said and done, we’d like to introduce you to The Personal Agent team. We champion service and attention to detail so you can find the right property for you with the minimum fuss and maximum enjoyment, after all finding a new property is an exciting experience. Without further ado click here to meet the team.
Meet The Estate Agents
The Personal Agent team where delighted to donate the main prize for the Epsom Primary School Christmas Fair. £2400.00 was raised and is going towards musical instruments and an outdoor learning area. The school chairlady Sarah Covey, and all of the children, were kind enough to send a lovely “thank you” Christmas card, which is now enhancing our Epsom office.
Rupert Briggs (Director of The Personal Agent) commented: “We were very proud to provide the children of Epsom Primary school with a gift and it is great to help raise money for a local school”.
We would like to wish all of our clients, followers, fans, supporters and partners a wonderful Christmas and a very happy new year.
If one of your plans for the New Year is to find a new home, or you would like to connect with us and keep an eye on the local area and property market trends you can keep in touch via Facebook, twitter or Google +. For a more personal service and advice, whether you are considering selling your property or lettings it, please contact us by email or call one of your local offices.
Due to an increasingly busy market The Personal Agent are looking for a negotiator to join their busy Epsom branch.
Experience is not necessary, but would be preferred.
You must be hard working, hold a full driving licence with own car, and most importantly have a desire to succeed. Excellent prospects.
Please email your CV’s over to Rupert@thepersonalagent.co.uk
Depending on which reports you read, there are mixed views about how the property market will progress in the next year and indeed over the next few years. It is expected that by the end of 2013 the property market nationally will have risen somewhere between 3.5% and 6%. The introduction of ‘Help to Buy’ which has significantly stimulated first time buyers’ ability to get on the ladder, is seen in some circles to be the stimulus for another bubble. The other perspective is that looking at interest rate movements and an expectation of a rise next year, will temper demand to a certain extent and slow the growth in price rises. None the less Hamptons and Savills are expecting healthy national increases of around 6% and 6.5% respectively.
So what might we expect from the Epsom, Ewell and Stoneleigh property market? In our micro environment of property investment, over the last year we’ve seen significant rises in property values of 10% and in some cases much more. The perception is that as long as rates remain low the market will remain extremely buoyant. However if rates do rise in the next year which it is expected they will, it will certainly make people think about the investment.
The converse reaction to increased prices in the housing market is that those who had been sat on their properties might be tempted to look at becoming a seller, so making the market more fluid, the effect being a higher rate of sales over the next year.
There are a number of factors that have played a part locally in the drive of property prices in 2013; the first notable factor is that demand far outweighs supply. The second is that the main supply of investors in the local area is London. Wealthy investors looking to move into a more tranquil yet well serviced area is pushing demand hard and with the London economy expected to have grown 2% by the end of this year and 3.8% by the end of 2014, we can expect continuation of the pattern.
What makes Epsom attractive to live in? Epsom is within the commuter belt of London and access is comprehensive; Epsom station is tipped to become the next area outside of London to be accessible by Oyster in Zone 6 and can reach both Victoria and Waterloo in, most cases, less than 40 minutes. The schools are also an attractive feature of the area, with many couples planning families looking to move out of the city as a longer term plan for their children.
The expectation of 2014 in the local area regardless of what happens nationally is that we will see another year of consistent rises in house prices and demand in the area retaining its position over supply. If interest rates do rise as expected, it is unlikely to deter affluent Londoners looking to retreat to the country and getting what they want. It also means however that those on a lower budget will continue to fuel property prices in the surrounding areas too, we might well see those looking to make a margin of their existing property in Epsom prospecting elsewhere to crystallize the house price difference, which as we said earlier will increase the rate of sales in the local area.
Rupert Briggs: Director the Personal Agent – Comments On The Epsom Property Market
With the Government help to buy scheme making it easier to get onto the property ladder properties are selling frighteningly fast. So this Halloween come on down to The Personal Agent for the most fiendishly good selection of haunted mansions and torturous crypts in the Epsom, Ewell and Spookleigh area.
Borrowers will be able to apply for mortgages through the second part of Help to Buy from 7th Of October – three months earlier than planned.
Originally, the Government planned to launch the scheme in January but the Treasury announced lenders would be able to begin writing loans through the scheme from 7th of October, although they will not be able to purchase the Government guarantee that underpins the loans until January, when the scheme officially launches.
The mortgage guarantee version of Help to Buy allows borrowers purchase any property worth up to £600,000 with a 5 per cent deposit. It will be available for three years up to January 2017. Once the borrower has gathered their deposit, the Government will then provide the lender with a guarantee for up to 15 per cent of the property’s value, in return for a fee. This will help number of people that want to make the next move in the property market.
We will have access to all the lenders that are participating in this scheme. For further information please contact Mike Poskovic at Ignite Financial Services, 01372 940 152 or email@example.com.
Like us for a chance to win 2 sessions with a Personal Trainer!
The Personal Agent and Epsom based personal trainer Guy Hamspon have joined forces to help you get fit for the winter festivities. All you need do to enter the competition is Like us on Facebook and you will be entered into the draw.
Stay posted to find out if you are the lucky winner.
Is this the golden era of buying and selling homes in the UK?
Buying and selling homes has never been so affordable before. Thanks to the help-to-buy government scheme existing home owners and first time buyers can purchase a home with as little as 5% deposit.
The project is estimated to last till 2017 and offers two ways to purchase a property up to the value of £600,000:
• Mortgage Guarantee – available on both pre-owned and new build properties with a standard mortgage of up to 95% of the purchase price.
• Equity Loan – available on new build properties only using a government equity loan of 20% of the purchase price plus a traditional mortgage.
How to apply
The actual process of applying for a mortgage is very much the same as before, you can speak to your bank or an independent mortgage advisor http://www.thepersonalagent.co.uk/mortgage-advice/. The difference is that the scheme is intended to increase the availability of mortgages at competitive interest rates for buyers with a minimum of 5% deposit. The government are going to make this possible by guaranteeing repayment of the mortgage to the lender, this will be dealt with behind the scenes by participating lenders. There will be no additional paperwork or charges for the buyer.
Who is eligible to apply for the scheme?
- Available to both existing home owners and first-time buyers
- Buyers need a minimum of a 5% deposit
- Available on all previously owned and new build properties up to the value of £600,000
- Must be your only property
- Available for properties in the UK
- Borrowing from a participating mortgage lender
Speak to The Personal Agent and our Mortgage Advisor for further advice on eligibility criteria, which lenders are offering the scheme and what would best suit you. How much could you afford? With the option of up to a 95% mortgage on the Help to Buy scheme.
Sources: Right Move (http://www.rightmove.co.uk/help-to-buy.html), The Government (https://www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loans
In an article by Rentman, the estate agency software provider, there was a report on the buy to let market. It stated that the Shropshire area was flourishing and they were observing an increase in the numbers of properties hitting the market in general. As we (The Personal Agent) have been experiencing the same positivity in Surrey, we thought it would be worth mentioning our opinion on the reason for trends in the local property market. The main discussion point in the article was that conditions had led to a change in attitude towards buying to let.
At the start of the financial crisis, there were a large number of accidental landlords created due to the difficulty of selling in the wake of the global economic downturn. Property owners were letting their homes to gain income in the short term until the market recovered. Now we are in a selling market, the economic factors are having an interesting effect on property owners and investors attitudes. Investors whom were once reluctant to become landlords are now seeing an opportunity for equity gain through buy to let. The outlook has been encouraged by the Bank of England’s decision to continue to freeze interest rates. This means that those with savings for a deposit are in a strong position when considering buy to let as an investment. In addition, there are numerous articles relating to the UK property market, stating that the UK is becoming a land of renters, which is also acting as an incentive. Moreover, these factors are manifesting in the behaviour of those viewing properties with us. We have seen a change from 2 years ago, where 1 in 10 offers were from buyers looking at buy to let, to now where we see a figure closer to 4 in 10.
It is an exciting time for those looking for a property investment, and if you require more information on targeting buy to let properties in surrey, contact The Personal Agent today.