Happy New Year to you all, I hope that you all had a good one. January has started with a bang as did the year before, but I think this one is rainier than last. I am looking forward to spring with longer days, drier days and hopefully sunnier ones too.
Spring always makes everything seem better, gives you time in the garden, makes you rethink what it is that you want to do for the rest of the year and opens new possibilities. One of those possibilities might be to move to a new house or it might be to do a makeover on your current property or the garden. Whatever it is that you decide to do, spring is normally the time to get started.
I have decided to start this year by trying to lose some weight. Yes, I know it is a cliché, but nevertheless it helps to have goals and mine is to lose weight ready for my impending wedding. Now there are plenty of ways to do this, weight watchers, calorie counting, this diet, that diet and every other diet that you can possibly imagine in-between them. No matter how you look at it, the only way to lose weight is the good old-fashioned way, eat less and move more, as the old phrase goes, 80% kitchen 20% gym.
Now you may be thinking what is he going on about? But stay with me on this, if hundreds of different people tell you that their way to lose weight is the best way and you try them all but still find no success then where are you but back at the beginning, frustrated and unhappy that you have been duped by something that you probably already knew to be too good to be true.
Now let’s equate this metaphor to you and your choice of estate agent. At this moment, there seems to be several high street agents out there that are intent on trying to convince you of many and various other things. Some have fancy strap lines claiming to be the best or even better than best, some are clinging to new ideas like riding on the green band wagon, some have fancy coffee bars or champagne receptions (who doesn’t like champagne) and some agents like to copy the things that made other agents successful and claim that they are the original (even though we all know that they are not).
Wouldn’t it just be simpler to stick with tried and tested methods by the best agent for your needs? Cross Keys Estates are the number 1 award winning “Best Estate Agent” in Plymouth for the fourth year on the trot, that means we were number one in Plymouth for 2018, 2019, 2020 and 2021.
I think the reason Cross Keys Estates are so successful is down to the fact that we always stick to the basics and do them at 100%. Customer service has always been at the heart of what we do, no fancy gimmicks, no over valuing, no champagne receptions or coffee stations just keep it simple, honest valuing, fair fees, great customer service, a team of dedicated reliable staff that actually care about doing a good job for you which makes Cross Keys Estates the name you can trust.
I hope that this blog doesn’t come across as indulgent or bragging too much but sometimes it isn’t enough to just tell people that you are the best, sometimes you must shout about and make sure that the message gets through. Please, even if nothing else, remember this, if it seems too good to be true then maybe you ARE being duped!!!
I love Christmas and always have done. Normally I go over the top and try to make everything perfect at home and at work. I always think back to when I was growing up, my mum and dad would do absolutely everything to make sure we always enjoyed the festive season.
It sounds idyllic but the house was always decorated to within an inch of its life, food was plentiful and there was always lots of presents under the tree (I still believe that Santa had a lot to do with the presents though), most of all the house was always filled with love.
I know that not everyone has such a fantastic time and I am fully aware that for some people, Christmas can be very difficult for many, many reasons. Covid-19 and especially this newer Omicron variant have certainly played a big part in this year’s celebrations.
It seems strange to think that taking lateral flow tests or going for a PCR test are now part of our daily routines. I have friends and family affected by these things like my dad, who has just had an operation, so has had to be careful not to get any form of illness especially Covid, or his operation would have been cancelled.
Another friend needs to see a family member in a care home and has to ensure that he is safe, so he takes a flow test every day. We recently had a party at our house for a select few friends, we asked all of the guests to take a lateral flow test prior to coming to ensure that the event could take place with a real sense of security.
I managed to do most of my Christmas shopping online this year, not as a preference but as a precaution. I had to go in to the city just once in the build up to Christmas and I will admit it was not a pleasant experience, it felt suffocating and isolating having to wear face masks and not being able to read people’s expressions as their faces were covered, it also felt uncomfortable to see some people not wearing masks (I know that there are some people that are exempt), but without wearing their lanyard or badge to show this, it caused a sense of worry.
When you hear that the Queen has cancelled her family Christmas celebrations you have to ask whether this virus will ever let us have a normal life again?
Going in to 2022 feels like going in to the unknown again. Will pubs and clubs be forced to close over the New Year celebrations? Will sporting events have to be held behind closed doors? Will theatres and concerts have to be cancelled or rescheduled (yet again)? The biggest question that is worrying everyone is will we need to go into another lockdown?
The housing market has seen a bit of a boom during these Covid days, as home owners are now looking for bigger and better homes to live and to work in. Houses are being snapped up as soon as they come on the market and rental properties are in the highest demand for a decade.
Interest rates have been at their lowest for a long, long time, even with the quarter percent rate rise, borrowing is still cheap. Combine this with the fact that most people have stated that this year they have not spent nearly as much on Christmas, holidays, clothes, concerts or anything else as they normally would have, makes me wonder if we might see another New Year house buying boom.
At Cross Keys Estates, we introduced a new customer portal called PropertyFile. This is a clear online window for a seller to see what marketing has been done for their property and what viewings have been booked, as well as what the feedback from these viewings was.
If you are a landlord, this portal will show you all actions that are related to your rental property such as any maintenance issues, inspection reports, viewings, feedback, marketing and what offers to rent have come in. In short, this portal gives you direct access to see what your agent is doing for you and has already proved hugely popular with our existing clients.
So far over the last four years, Cross Keys Estates have seen an increase in the levels of business for the first quarter of each year, but this year we have also seen the closure of several well known and established estate agents. These closures could be due to the increased pressure from the online agents and this has also resulted in agents having to lower their fees whilst the running cost for estate agents have increased year on year.
I go back to my previous comment about going in to 2022 as entering the unknown; Cross Keys Estates finish their second decade as a leading force in Plymouth’s housing market. I am confident that if you decide that this is the year that you move, you could not be in better hands than that of the award winning Cross Keys team.
So here we are again, Halloween is just around the corner and there are Christmas adverts on the television already. Buyers are trying their best to buy properties to be moved in to by Christmas, companies are organizing much missed office festivities and life does seem to be back to the way it was prior to the pandemic hitting us. Even though it may seem and feel familiar to days gone by, there are a few changes that we are having to live with and incorporate in to our lives thus making things the new norm.
Stamp duty, or the lack of it, up until recent weeks, has been a major driving factor for the huge growth in both property values and property sales. The original stamp duty holiday was due to end on March 31 2021. However, Mr Sunak decided to extend the deadline until October, opting for a more phased approach. The rate of stamp duty which applies to your purchase depends on the date that you complete your property purchase and not the date that you exchanged contracts.
From March 31 to June 30 2021, buyers paid no tax on the first £500,000 on a property in England and Wales. Buyers could have saved up to £15,000 in tax thanks to the holiday. From July 1 to September 30, the threshold was tapered down to £250,000 which means no stamp duty is paid on a residential property bought for up to this amount. October 1st saw the nil rate band return to the standard amount of £125,000 and for first time buyers, this is set at £300,000.
In my opinion the other reasons for this unprecedented bolstering in the market has simply been life style and the way in which it has changed for everyone. Previously people bought a property because they thought it would be a great fit for their lifestyles, but when you think back our way of living has changed. Previously we woke up, showered, maybe grabbed breakfast, ran out the door either to work or to school. We came home late in the afternoon or early evenings, walked the dog, cooked dinner, did some homework or housework, maybe watched Coronation Street, Emmerdale or EastEnders and retired to bed only to repeat this pattern again day after day after day.
With the Lockdowns came an enforced new way of living. We found we had time, time that previously been taken away from us with the daily commute, the school run and doing the weekly shop. What could we do with this new found luxury? We baked, we learnt a new skill or even a new language, we did a lot of gardening, some of did a little bit more drinking than previously and some did the opposite and took up fitness and well being tasks. Our homes became our work places, our classrooms, we created man caves and hobby/crafting rooms. Lots of us made bars at home, had virtual diners or quiz nights with friends that we couldn’t physically be with. In short, the need of our homes changed, we required them to be more than a place to eat, sleep and clean.
Our homes now needed to be all things to all people and this is where a lot of people realized that they needed more and in some cases much more from their homes. As a result of this thinking, buyers are now looking to future proof their new homes, if they only needed two bedrooms previously, they are now looking at 3 or 4 bedroomed properties, if they had a courtyard before now, they are looking for a garden, if they had a garden, they are now looking for bigger gardens and so on and so on. This has inevitably led to property prices going up sharply as has the demand for them. The larger and usually more expensive properties are now the ones with the most interest from buyers and since lending is at one of its cheapest rates ever, borrowing does not seem to be as much of an issue as it has been previously. With us not being able to go out, travel, dine or shop, a lot of us have managed to save up for good deposits.
From 1918 up to 1920 we had the Spanish flu and after this came the roaring 20’s. Could we be seeing history repeating itself even if it is in a slightly reduced way?
I will end with this, here at Cross Keys Estates, we are selling more properties within the first few days of marketing than ever before and most of them are exceeding their asking prices by quite some way due to the current demand.
If you are thinking of selling or if you simply want to know the current value of your property, please do not hesitate to give one of our qualified and experienced members of staff a call.
