Newsletter July 2011

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Increase the selling price by investing a little in the heart of your home

Kitchens are often referred to as the heart of a home.With potential purchasers increasingly canny about keeping hold of the purse strings it’s sensible to make sure yours is up to scratch.

First things first though, you don’t have to go out and buy a top-of-the-range kitchen to sell your home. The hard truth is that if you go for luxury you’re unlikely to get your money back.

A good clean and de-clutter of the worksurfaces can make a huge difference. Think about lighting; a few pounds spent on some higher wattage bulbs can shine a whole new light on your home.

There is no better use of a spare afternoon than giving the kitchen walls a lick of paint. White really can’t be beaten for freshening-up a room and making it look more spacious.

New worktops and replacement kitchen doors can be an economical way of updating an old-fashioned kitchen. But, with recession-hit companies pulling out all the stops to drum up business with special offers galore, a new kitchen may be dramatically less than you expected.

Kevin Hollinrake regularly gives sellers the following advice "it’s no good just replacing the kitchen if the bathroom is grotty. You need to do both. Putting in a new kitchen and bathroom normally increases the selling price by between &10-&15,000. So - if you shop around - it certainly won’t be money down the kitchen sink." Kevin Hollinrake (Managing Director)

Need a second opinion? Hunters’ staff see kitchens and bathrooms every day of the week. Ask them and they’ll give you an honest opinion on yours - and the best way to turn potential buyers from lukewarm to keen as mustard about your kitchen; and home.

Linda Barker has also produced a guide and video exclusively for Hunters, packed full of low-cost designer tips on the best ways to add value to your home: Click here to view more: Click Here To View Linda Barkers Video

Work Experience - The Hunters Way

I chose Hunters for my work experience as I have an interest in property and my two weeks have been an educational experience. I now understand:

• How properties should be presented for example a tidy house or even a well presented garden can make all the difference when properties are up for lettings or sales, this could increase the chance to get your property rented or sold quicker.

• To take notice of the advantages and disadvantages of the location of a property and also the property itself for example if the location is less than 3 miles from city centre is an advantage and to realise the size of the bedrooms or even the quantity of rooms.

• I know how to present a house and show viewers around the property, I would explain the basic information of the property such as the size, the rooms, if the owner has not yet moved out and still got his/hers goods in the property then the viewer must not be left alone, if empty then it is acceptable for them to look around the property freely without a close eye on them needed to be kept on them.

• On the marketing side I understand why pricing of properties is important and what affects them such as the location, number of bedrooms, if it’s detached or not, these factors reflect to the price.

I did not like having to locate pictures for the Hunters website, it was not the best thing to do but it turns out to be a useful thing for them. What I did really enjoy was going out on viewings, I got to look at different properties in different locations and the time seemed to pass by really quickly. This opportunity for work experience would not have come to me if it was not for Tiffany MacKail my supervisor who had guided me through the two week process and so many thanks to Tiffany and Hunters,
Best Wishes Assad Uddin – Joseph Rowntree School.

New Tricks With New Bricks

New build property was once considered a luxury, something only the wealthy could afford.

… Over the past decade it’s become an affordable option for many.

“One of the main benefits of buying a new home is being able to tweak it to your liking,” says Kevin Hollinrake.

“Most builders give design options - be it the positioning of a downstairs cloakroom, number of built-in storage cupboards or the garden layout - and it’s rewarding to be able to give your input. It really makes the home feel special.”

If your new home is part of a development there’s often a real feeling of community and camaraderie to be found. After all, you’ll all be moving in at around the same time and are often at similar life stages, such as parenthood or retirement.

With the current economic climate potential buyers of new homes often find themselves with the upper hand in negotiations. Builders need to sell to move onto their next development, so may be willing to negotiate on price or offer upgraded items - such as kitchens and bathrooms - at no extra cost.

You may also find yourself saving money on your energy builds, with modern green building techniques, such as solar panels on the roof, bringing bills down.

We currently have some stunning and interesting new build properties on the market.  Click here to view the Chichester just released at the Staynor Manor development, Selby.

Hunters Auction Results Best Ever, Exceeding the National Average By 15%

Every year Hunters Auction Department records an increase in the number of properties going under the hammer.

“I think the popularity of television programmes such as Homes Under the Hammer have played a huge part in demystifying the auction process,” says Hunters director and auctioneer John Waterhouse.

“There was a time that selling by auction was seen as the last resort for a property that wouldn’t sell. That really isn’t the case anymore. Sellers like the idea that there’s a date to work to - a godsend if a quick sale is needed - and the fact that once the hammer falls that’s it. There’s none of the negotiation headaches of forward chains and gazumping.

“Similarly, buyers like the fact that if they’re successful everything happens very quickly.”

Remember though, that once that hammer falls the contract is legal and binding. The purchaser has to pay a ten percent deposit there and then, and come up with the balance within twenty eight days. If you’re selling property at auction, you will need to decide with your auctioneer what your reserve price is. This is the minimum price that you will accept once the bidding starts.

At our recent auction, held at York Racecourse on Wednesday 20th July we were hugely successful and we sold 80% of all our lots, which well exceeds the national auction average.  Click to view results.

The auctioneer also has to decide what the guide price of the property should be. This isn't necessarily the same as the reserve price. The trick is to keep it low enough to entice buyers to attend the auction but for it not to be unrealistically low so that bidders are put off if the price quickly surpasses the guide.

John Waterhouse and his team at Hunters Auction Department are here to help. Call today for a free information pack for both potential buyers and sellers. A home visit and valuation of your property can also be arranged.