Hunters Newsletter June 2014

Welcome to our June Newsletter.

Every month, we bring you updates and comments on the property market as well as tips and ideas for selling, letting, buying or renting.

In this edition, check out our top tips for securing your dream home and the best ways to spruce up your new pad.

Don't miss our featured property in the sun - Coto Del Reserva 1, La Manga Club could be just what you are looking for!

If you have stories or news to share, please get in touch. Email or follow us on Twitter - @YO1_Marketing.

Enjoy the read!
Hunters Marketing

The market is hot!

You've found the perfect house, only to discover that the agent says that lots of other people think it's perfect too – what do you do now? Well, you'll probably be asked to submit your best offer by a certain time and date.

Here's a simple how to guide:

1. Do your research and offer as much as you think it's worth – if it's on for &210,000 and you think it's worth &220,000 then offer that. No point in wishing you had later.

2. Point out that you're ready to go and can complete within, say, 6 weeks, and include your buying position e.g. I've sold mine or I'm a first time buyer and include the details of your mortgage adviser, conveyancer and estate agent so that the information can be easily confirmed.

3. Try to find out when the seller wants to complete and be as flexible as possible with your timescales. This is sometimes just as important to the seller as getting the best price.

4. If you win, get on with it as soon as possible. The seller and their agent will be very impressed if the surveyor goes round quickly and you are ready for exchange within a few weeks.

5. Be friendly to the seller, if you meet them and the agent – emotions are an important part of the process and no-one wants to deal with someone who is going to be a pain in the neck or want everything their own way.

6. Offer an unusual amount – if you're thinking of offering &225,000, offer &225,100, it may be just that little bit higher than your nearest rival and money counts!

7. Point out in your offer letter that although you're having a survey done, you won't 'chip' the price unless they find something major – every seller and agent is worried about this stuff and petty re-negotiations.

8. Don't be late with your offer! You must get it to the agent by the time stated.

Good luck!

A look at the market in... Exeter

The team at Hunters in Exeter report an increase in demand for property of all types this Spring…

Anthony Thomas, Director of Hunters in Exeter states, “What a great start to the spring Exeter has seen! Demand for property has been increasing on a weekly basis, the Heavitree area in particular has seen a huge increase in enquiries, which in turn has resulted in prices now rising in the area. It seems everyone, from investors and families to first time buyers is looking to move in Exeter at the moment, so there really couldn’t be a better time to look at putting your property on the market.”

Lorna Sibley, Lettings Negotiator at the Exeter branch has seen similar trends in the rental market. “As Exeter is home to both the Met Office and a University, demand for rental property is high all year round, but there have been significant increases in enquiries as the summer approaches. One and two bedroom properties are especially popular with renters in this area; for investors looking for a good yield and capital growth Exeter is certainly a great market to consider.

Are you looking to sell, buy, let or rent? Find your nearest Hunters branch here.

Rents in London increase to another new high

The average monthly rental cost is increasing by the largest amount in three years.

Data from the April 2014 HomeLet Rental Index shows the average cost of renting a home in Greater London reached a new high, after increasing by 9.4% versus April 2013 to &1,348 per month. This is the largest annual increase in the capital’s average rental figure since April 2011 - meaning tenants in Greater London are currently paying rents almost double that of the rest of the UK (when the Greater London figure is removed).

The April report also shows tenants in Greater London are currently spending 57% of their income on rent (after taking Tax and National Insurance into account) – which is 9% more than three years ago. Average rents in the capital have increased by almost a quarter during this time (23.4%). In contrast, tenants’ average income has increased by just 4.2%.

Across the rest of the UK, the average cost of renting a home increased by 2.9% during April to &848 per month.

Martin Totty, Barbon Insurance Group’s Chief Executive Officer, said: “A recently released report published by Halifax (The Generation Rent Report 2014) shows almost half of this year’s respondents believe Britain will become a generation of renters within the next generation.

 “Although perhaps unsurprisingly tenants in Greater London are paying much higher rents than anywhere else in the UK – they are also 57% higher than the region with the next highest average rents - the South East.”

“Demand for renting in the capital appears to remain strong across a diverse group of people – from young professionals to students. Whether average rents can continue to increase at this rate is unclear given the more modest rise in average incomes.”

“It may be the generally accepted relationship between rental values and income, which determines affordability, is less directly correlated in Greater London. The proportion of people who rent who are drawn from overseas who come to work or study for a period of time, may in part be responsible for the Greater London market behaving very differently to the rest of the UK.”

Are you considering letting your property, or would you like to find out more about our services for Landlords? Contact the expert lettings department in your nearest Hunters branch.

Source: Homelet


Featured property in the Sun

In association with Marena Murray, the Property Specialists, we can now offer our customers a range of homes for sale in La Manga Club and surrounding areas in the Costa Calida region of Spain. La Manga Club is situated on the lower slopes of the Murcian hills, and offers top leisure and sporting facilities, including three championship golf courses, beautiful countryside and a wide array of restaurants, bars and shops. Find out more about La Manga Club.

This month we are featuring Coto Del Reserva 1, La Manga Club. A private and contemporary Villa on the golf course. €999,000.

From the top terraces of this beautiful property, panoramic views of the Mar Menor and La Manga Club can be enjoyed. In the interior of the property, a feeling of sophistication and contemporary chic oozes from every room. On entry level through private gate, the spacious lounge/dining area leads out to a beautiful landscaped garden with private pool. The orientation of this area is key, with sunshine beaming directly down all day long. On the first level, the private master suite can be found. The space this property offers is second to none.

If you would like to find out more about this property or any of our other Hunters International properties, please contact us.

In need of a quick room transformation?

A lick of paint or new wallpaper could be the answer.
Click here to read In need of a quick room transformation?.

Demand for auction properties on the rise

Our Auction Department has been extremely busy recently with many new properties added to our auction lots. So busy in fact, that we have booked in an extra auction date in July to meet the demand. Property owners are using the auction route more and more to sell their property if it has failed survey, is in dis-repair or they are simply in need of a quick sale.

Residential sales often fall through for this type of property. This is due to the survey letting it down and a mortgage being unobtainable. Our method is to market the property to the right audience who are usually cash buyers, investors and developers. These people are looking for a speedy purchase as much as our vendors are looking for a quick sale.

Properties from many different areas sell well through auction and by working closely with our network of Hunters branches we can cover most of the country. This gives you an auction service with a personal touch, often difficult to obtain with other auction providers. We are with you from your appraisal appointment to completion.

Our auction on the 25th June is now well underway with properties for sale in York, Scarborough, Pocklington, Filey, Tadcaster and Stockton-on-Tees. You can now also submit entries for our auction on 30th July, which deadlines on 18th June.

Exchange takes place on the night of the auction with completion set 28 days later. We offer free auction appraisals and pride ourselves on giving constructive advice on whether the auction route is right for you. For more information on how auctions work or to see what is on offer at our June auction, visit our website.

Brighten up your new home

Check out this handy guide to decorating on a small budget.
Click here to read Brighten up your new home.