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    photo-iconPhotograph taken in St. Margaret's Court, Angmering
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East Preston Beach Clean

beachLET’S CLEAN UP

OUR BEACH

Sunday, 26th May.

Meet alongside the beach kiosk at the bottom of Sea Road at 11am.

Gloves, bags and litter pickers will be provided at the start; tea,

coffee and biscuits at the end.

For more information or to register your interest, please contact the

Council Office on (01903) 770050.

Click here for more info: beach clean – 2013-05-26

Boards – it’s the owners choice whether to have more enquiries…

 

boat sale agreed sold boards 021hBoards – it’s the owners choice whether to have more enquiries…

Why we recommend to have a board:

1. Advertising your home “For Sale” 24 hours a day, 7 days a week, even when the estate agent is closed. Some reports indicate you get 50% more enquiries when you have a board, that will lead to more viewings and offers.

2. Buyers do tour a broad area, often just cruising around looking for boards, even at the end of cul-de-sacs! People drive round the areas they like, then ring the agents about the boards they see, the ones without boards are presumed not on the market. Even down the end of a track, people will still see your board and tell their friends.

3. Some people say “I always liked that property but had no inclination in moving until I saw the board, I never look in the papers or internet because I am not actively looking. If I didn’t see the board I wouldn’t have bought it.”

4. Neighbours, tradesman and others have a habit of telling others that might be interested. Many of your neighbours know friends or relatives that may want to move to the area, the board will alert them and they will tell the person looking.

5. Someone may view another property around the corner from you, see your board then view and offer on yours.

6. The more people who know your property is on the market the more viewings you will have, more viewings equals more offers, more offers equals a better chance of a higher offer.

7. When a sale is agreed, we often get other enquiries from the board asking to be notified if there is a hitch with the current sale, we keep a list of people on file to call if this happens.

8. If someone wants to look at the inside, the chances are they will have already decided that they like the outside.  If they enquire form the board they are happy with the outside/the area/the neighbouring properties/the road noise etc

9. Not wanting the neighbours to know you are on the market is not a reason to have a board. Neighbours soon find out when they see people looking at your property from the outside holding property particulars.

Boards definitely work in selling a property quicker and getting a better price but it is always up to you, the owner whether you want a board or not. If you want the maximum level of enquiries, viewings and offers then make sure you have a board.

Open House Sales

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Cooper Adams are increasingly being asked about Open House sales…

There are pros and cons with them and I will explain a few views.

Most sales in the UK are booked via a viewing at a prescribed time. This time is convenient with the potential purchaser and owner. The buyer can have a good look round and make a decision. At Cooper Adams we always conduct the viewing as that is part of our service. With security in mind we always vet the viewer before we book it.

Sometimes an important buyer can’t make an open day so we always offer alternatives and appointments to suit them.

Open house sales can mostly be nosey neighbours but that can be a good thing as the real buyers feel the property has more interest than they thought forcing them to offer sooner and sometimes higher. Also some nosey neighbours move close to where they already live but to a slightly better home.

After the open house, buyers are then given the chance to submit a fully substantiated written offer (backed up with proof of funds, mortgage agreement and full chain details) within five working days. We aim to provide our vendors with multiple offers which gives them the choice of the one that best suits their circumstances. We find a written offer allows certain buyers to play to their strengths, and gives everyone a fair chance. If an offer is not high enough the owner doesn’t have to accept.

It frustrates me when I see adverts for properties that have sold in 24 hours! How can that agent possibly know that they have achieved the best possible price for their clients?

It can also be easier to prepare your home for selling via an Open house as you just have to tidy up for that one day.

Open houses are great when it’s sunny but if you have advertised it for two weeks and done all the groundwork and it heavy rain all open day it can be a major pain with just a couple of viewers turning up.

We are more than happy to try any ideas and if a seller wants us to organise an open house day that’s great.

Give it a go! Ask the team at Cooper Adams to get the ball rolling

Factsheet: Buying a home

IMG_0678Here is our rough guide to buying a home

1. Find out how much you can borrow

Our independent mortgage broker will give you free advice based on your income and savings/deposit to what you can borrow and how much the monthly payments are. Being independent there is a choice of all the lenders and all their products. Make sure you don’t stretch to more than you can comfortably meet in monthly repayments and remember to keep some savings aside to meet stamp duty and other fees, and to furnish your new home. Get information about the different mortgages on offer, and start thinking about whether you want to go for a fixed or variable-rate deal. Our broker will also work out the total costs involved to getting the keys of your new home and all the approximate monthly costs and bills on your new home. Get the broker to print you a ‘Mortgage agreement in principle’ – this is proof based on your information provided and great to show estate agents when you offer that you are ready to go quickly.

2. Define your criteria

Once you know what you can afford to buy decide what you are looking for in a property – house, bungalow or apartment? Whether you need parking and a garden, how many bedrooms you need, pick an area on which to focus your search. Consider what you want out of the location – are local schools, transport links and shops important to you?

3. Beginning the search

Start scanning the internet and local newspapers and register with estate agents. If you see a property you want to look at, call the agent and arrange a viewing. For the earliest properties check the local estate agent’s website before the national portals as they will always be at least one day ahead giving you an advantage on first pickings. Most portals upload new properties the night after they come onto the market. Tell the estate agent the maximum you can pay and the agent will give you properties that may consider an offer around your maximum. Some sellers will take lower offers than others but want to keep their asking price constant.

4. Out and about viewing

Visit lots of properties. You are unlikely to find the home you want straight away, so don’t despair and don’t be tempted into edging over your budget. This is probably going to be your biggest financial outlay, so it is worth waiting until you find the right place. You will soon become a mini expert in your price range and will soon learn what you feel is priced low or high. If you like it get your offer in quickly before someone else does.

5. Making an offer

When you find somewhere you like, make an offer. Don’t forget the agent is working on behalf of their paying client – the seller. If you ever feel the asking price is too high and doesn’t reflect the work involved try a lower offer. Many buyers initially make an offer below the asking price, and often this is accepted. You may want to start low and negotiate with the agent to find a price that satisfies both parties. But if you want to be sure you get the property you like – and you think it is worth the asking price – you may want to offer the full amount straight away, this will also deter others offering the full price. At Cooper Adams as soon as an offer is accepted we stop all marketing and viewings. We cannot stop offers from people that viewed before as this is illegal but always advise the owner to stick to their morals. All agents should always get your financial proof before they speak to the vendor, if mortgage they will want to see you AIP – Agreement in principle from your lender or they will need to verify your financial status via their or your broker. If you are a cash buyer the agent will need to confidentially see proof of this or verification from your bank/accountant or solicitor.

6. Acceptance & Solicitors

If your offer is accepted, ask the estate agent to take the property off the market and find a solicitor. If you need to find a solicitor, ask for a few quotes and follow up personal recommendations. Always choose a solicitor who offers ‘no move no fee’ and also a fixed fee – Cooper Adams can organise this for you. The solicitor will write to you outlining their service and fees and ask you to confirm acceptance. The estate agent will confirm the sale in writing to you, the vendors and both sets of solicitors. Your solicitor will inform you of the buying process. It normally takes around 12 weeks from offering to moving in. In those 12 weeks you will be required to pay for solicitors fees. Your solicitor will ask for all the legal paperwork from the seller’s solicitor and check this is all in order. Any parts in doubt your solicitor will get further information on.

Your solicitor will also carry out standard searches –

The local authority search. This will show all sorts of things, such as whether you are in a conservation area, if the local roads are adopted (if not you could end up having to pay towards them), if there have been any planning applications affecting the property, if the council have plans to develop the area, etc.

An environmental search. It will show whether the land is known or likely to be contaminated, which is important because the owner of a property can be required to pay for the clean up of any contamination.

A drainage and water search. Which shows whether the property is connected to mains water and drainage and other related information.

Other searches are “optional” but some may be very important depending where your property is located.

Flooding. Which should be self-explanatory.

Commons registration search. Which shows whether the land is designated as common land.

Chancel liability search. Which shows whether the land is subject to a liability to pay for the upkeep of the parish church.

Coal/lead/tin/china clay mining searches. Are important if you are in an area with a history of the relevant mining. You need to know if your property might be located over a mine that could collapse and cause subsidence.

7. Getting a mortgage

Once your offer has been accepted, call your broker or a lender to sort out your mortgage application. At this point you will need to provide paperwork showing your income and outgoings. Ask to speak to Cooper Adams’ independent broker.

8. Surveys

Find out if there are any hidden problems by arranging a survey of the property.

Your lender should arrange a valuer to check the property is worth lending on but this is nothing more than that. Its valuation will be very simple and you should arrange your own survey to get an idea of what problems there may be with the property. Cooper Adams work with a local ‘jargon free’ surveyor who will inspect the property for you. If any major defects are found these can normally be dealt with via Cooper Adams and the sellers. If the survey requires further reports to be done again speak to your estate agent to go forward with this.

9. Exchange of contracts

After your solicitor or conveyancer has completed all the necessary checks and your mortgage company has issued the formal mortgage offer, you’ll be asked to sign a contract legally committing you to the purchase. At this point you will need to pay a deposit for the property – usually at least 5% of the price. At this point you will usually agree a date to complete the sale.

10. Book a removal van

Book a removal van early to get a good deal.  When you know your moving date you can start organising how to get your possessions to your new home. This could involve hiring a van and doing it yourself, or hiring professional removal men. Either way, you should act fast to give yourself the best chance of finding a company to help when you need at a good price.

11. Buy buildings insurance

Your lender will expect you to have buildings insurance in place for the date of completion. It will quote a rebuild cost in its valuation – this is the amount you need to cover.

12. Completion

This is when the property finally becomes yours. When your solicitor tells you that the sale is completed you can pick the keys up from the estate agent.

13. Move in

Brace yourself for a house full of boxes.

 

For more in detail advice on any buying, selling or letting matter please contact any of the team at Cooper Adams

The Cooper Adams Monthly Residential Housing Market Report BN16 Market Review April/March 2013

monthly-report

The signs of growth are certainly evident in the housing market now, with significant upturns in activity month after month. This is definitely apparent in East Preston where there’s been a 15% increase in asking prices. Sellers are feeling confident in taking that step as increasingly more reliable buyers begin a serious search to find a new home.

Prices are also being kept strong by the limited number of new homes coming onto the market; many would-be sellers are being forced to stay put because of their mortgages. Although the number of properties available is 12% less than this time last year, the situation is starting to change. We had double the number of instructions to market properties in April than in March.

The upturn in the market also means buyers have less time to ponder their offers. We’re receiving offers on some properties within a few days of them going on sale and achieving very close to, if not the full, asking price. Last year, the average agreed price for properties we sold was 98% of the asking price – the pendulum has certainly swung back in the direction of the seller.

With the property market clearly hotting up there are great opportunities for both buyers and sellers. As prices are on the up, now is an ideal time to secure a purchase. And, with more homes likely to go up for sale soon, it’s wise to find a buyer for your property while the number of homes for sale remains low.

For the full report please go to http://www.cooper-adams.com/monthly-market-report.html

 

Disclaimer: This report is produced for general information only. Whilst every efort has been made to ensure the accuracy of this publication. The content remains the property of Cooper Adams under copyright and reproduction of all or part of it in any form is prohibited without written permission from Cooper Adams. Cooper Adams obtained information via Rightmove.co.uk on national & local pricing and trends. The properties were on sale by estate agents at the beginning of the month and advertised on Rightmove.co.uk.

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