8 Staging Tips for Selling your Property
8 Staging Tips for Selling your Property When we talk about 'staging' your property, we really do mean shining a spotlight on it. But that doesn't mean you have to going to go all glam with gold mirrors and other bits of bling all over the place. Quite the contrary - a room should be in neutral shades and at the same time appear smart and homely. The intention being that any prospective buyer who comes along will want to move in right away. The reason property should always be staged are many. And that means if you've already moved out and taken your furniture with you, then it may be worth the cost of getting in a professional staging company. That's because: A staged room feels inspiring. An empty room looks just that - an empty room. It's cold and inhospitable. And that hardly makes it inviting for any buyer who comes along. Instead, by putting some smart but distinctly neutral coloured furniture in, a bright rug, some flowers, a plant or two and blinds or curtains up, it starts to feel like a home. And buyers find it easier to start imagining their own furniture in there. A staged room appears larger. That's because furniture provides a 'reference point' for the potential buyer. They can tell how big a bedroom is with a double bed in it, for instance. That way they'll also know if their bedside cabinets will fit in etc. Incidentally, an empty room doesn't just seem smaller, it will also show up any cracks and other faults more clearly! So, what are those home staging tips we talk about in the title of this article? Well, here are some right here: Look on the bright side. Get as much daylight into your rooms as possible. That way your home will feel larger and more open. Roll up the blinds, pull back the curtains and put a lampshade into any dark corners to 'open' them out. 'Float' the furniture. No, we don't mean sit your sofa in water. Rather, this is a particular design technique that involves pulling the sofa, chairs and tables etc away from the walls. You can then anchor the space with an area rug to create a cosy area for sitting around chatting. Remove the big pieces. If you've acquired so much furniture over the years that, even in your own eyes, the place seems pretty crowded, then put some of it in storage. It'll only be for a month or two (hopefully) until you sell. Declutter Marie Kondo style. Anything you haven't used for a year or so, chuck it in the bin. Why drag it along to your new place to get covered in dust there too? Make a fresh start! Clearing out the clutter will also make your property more attractive to buyers. Go for kerb appeal. If you're fortunate enough to have a house with a garden, then make sure it's tidy and attractive. You'd be amazed how many sellers turn up, see a messy garden, dirty windows or a front door that needs painting and just keep on walking past. And then there is literal kerb appeal... if you have a parking space outside your property then wait until five minutes before your buyers are expected and park your own car around the corner. That way, if they arrive by car your buyers will get parked easily, putting them in a good mood for viewing. Having to park in a neighbouring street may very well put them off your property. Keep it clean. It should go without saying that your house should be pristine from top to bottom. But, remember too that even though you are used to it, your buyers may not appreciate your dog's odour. So, use pet freshener and remove him or her from the property if you're still living there at the time. It's the little touches... Make sure there's apples etc in the fruit bowl, set out some fresh flowers, new soap and scented candles and always have fluffy freshly-laundered towels in the toilet. It's often the little thing that buyers love and remember. Get in touch Looking for advice or help in selling your home? Then get in touch today, tel 01698 441327 or email sales@LanarkshireEstateAgents.co.uk https://youtu.be/AxKKKgNfMdA
September 2022 Market Report for Lanarkshire
The children are all settled back at school and the changing weather leaves us in no doubt that Autumn is definitely here. September is always a month of new beginnings. With Christmas just around the corner many people start to think about whether their home still works for their family. The rising interest rates may be causing pause for thought but life continues, despite the rising cost of living and people will always need to move home; sometimes because of, and sometimes in spite of, the financial climate. Let's have a brief look at what's been happening over the last month in the local property market around Lanarkshire. There are currently 707 properties available on the market in the area. The month prior there were 681, with 573 in July, and 557 in June. The increasing numbers of available properties is perhaps indicative of the heat having left the market as properties aren't getting snapped up as fast as they were. Things are started to calm back down to normal levels and there is now more choice once again for buyers. There are also more properties coming onto the market each month. In June there were 345, July 348, in August 369 and in September 376. This could explain the higher number of available properties as there were more to choose from. In September 355 sales were agreed, in August there were 364, in July 289 sales were agreed and in June 317 sales were agreed. As more properties come to the market, more sales are happening. Although the media has been talking about the market cooling, the local facts are that there is still a lot of activity. There were 26 price reductions in June and in July we saw 30 price reductions across the Lanarkshire property market as a whole. In August, this number jumped up to 51. There were 44 price reductions in September. This could imply that some sellers' or agents' expectations of what the market is prepared to pay are not in line with the reality. In September there were 81 slow movers in the Lanarkshire area. This means a property that has been on the market for 12 weeks or more. This could be due to the market returning to more normal levels but expectations still being at the peak levels. In August, there were 71 slow movers. In July, there were 49 slow movers on the market and in June, there were 53. Slow movers can often be due to the 3 Ps - presentation, promotion, or price. We are proud to be in the top 5 agents in the area with the smallest numbers of slow movers. Choosing the right agent for your property can make a very real difference to achieving your moving plans. In June, each property in the Lanarkshire area had average daily views on Rightmove per property of 223. In July this figure was 189. In August, this number jumped back up to 221 and in September it has settled back to 186 . This shows the high levels of activity in the local Lanarkshire property market, which are likely to increase or at the very least, remain strong in the final quarter of the year. If you're looking for further information about the Lanarkshire property market, or if you're thinking of selling or buying in the area, please don't hesitate to get in touch. You can call 01698 441327 or email sales@lanarkshireestateagents.co.uk.
Ensure The Best First Impression Of Your Home when selling
Everyone knows that common phrase "first impressions count". Lanarkshire Law Estate Agents are here to provide the best tools to ensure your property gives the absolute best first impression to potential buyers. We want to ensure you get the best first impression of your home when selling. Selling your home should be an exciting process and it doesn't have to be stressful. Do your research while choosing your Estate Agent, after all you want your house to reach its full potential. A good first impression sets you off in the right direction. Curb Appeal It may seem obvious but simple things like tidying the garden and decluttering can make the difference between someone viewing your home or skipping past! A property will photograph much better if tidy, clean and clutter free which leads us to.......... Photographs They say a picture speaks a thousand words. Showcase your home in its best light by using professional photography. The first time a buyer sees your home is through pictures. Professional photographers will also provide a full video tour. Statistics show that a property achieves 20% more views if they are accompanied by a video tour. Floorplan Did you know that a property on the market with a floorplan will attract 40% more viewers? What better first impression! Social Media Facebook alone has 2.91 billion users!!! Get the beautiful professional pictures of your home out there! The beauty of social media....... your home can be shared far and wide to ensure a massive audience! Property Portals Where does a house hunter go to find their dream home? Most turn to property portals first and foremost. Make sure your property is showcased in all major online property platforms, again showing off the quality photography and video tour. Curb Appeal If you want to make sure your property creates the best first impression, visit our blog on Curb appeal https://lanarkshireestateagents.co.uk/top-tips-for-curb-appeal https://www.facebook.com/LanarkshireLawEstateAgents
How to sell your Home
Selling your home can be just as daunting as buying your first home, this step-by-step guide is here to give you an insight on how to sell your home and some top tips when your property goes on the market. Understand the costs of selling your home If you know the costs of selling your home this will help ensure you aren't met with any unexpected costs through out the selling process, below you will find some of the main costs you will have when selling your home: Estate agent fees Mortgage exit fees Home reports Conveyancing fees Removal costs Preparing to sell your home For the best results when selling your home its important to show your homes full potential, if a buyer can envision themselves living in your property they are more likely to buy your home and can result in it selling faster. Here are some tips on how to prepare your home: Freshen up with some paint Declutter Clean up the garden Getting ready to sell your home Once you have decided you want to sell your home you can instruct an estate agent to value your property, this will ensure you know what you can expect to achieve. Preparing for viewings to sell your home It is important to show potential buyers why they should choose your home, you want to go all out to help buyers envision their life in your home, there a few things you can do to make your home more appealing to potential buyers when viewing: Tidy the outside of your home for drive-by visits Keep a clear and clean bathroom Declutter the living areas Have a clean and clutter free kitchen Spruce up the garden Considering and accepting an offer Considering the offer It is important to remember that you are under no obligation to accept or reject an offer straight away, it is more than okay to take a few days to consider offers. You can find out the potential buyers position before making any decisions as there are a number of factors to consider when deciding if you want to accept an offer, here are some key questions to consider asking: When are your buyers looking to move? What is the potential buyers financial position? Are they in a chain? Accepting the offer Once you have accepted an offer the house will be under offer subject to Conclusion of Missives, until the missive is in place an accepted offer is not legally binding and a buyer can back out of the sale, this is also the same for you as the seller. Providing there is no issues the missive will be concluded and there is now a legally binding contract. You can then look forward to your own big move in day.
Tips For First Time Home Buyers
Getting on the property ladder for the first time can be daunting for first-time homebuyers. With a process that might seem complicated from a distance, you may have dozens of questions when looking for your first home in Lanarkshire. Don't worry! In this article, we've broken down each step when purchasing a home as a first-time buyer and outlined our best tips to help make the process as simple as possible. Costs of buying a house as a first time home buyer Upfront costs as a first time home buyer First time home buyers will have some costs to pay upfront, including: Deposit as a first-time buyer A deposit is required to put towards the total cost of purchasing a new home and is required when applying for a mortgage. The deposit amount can vary and will have an impact on the mortgage rates available to you, with the minimum deposit typically being 5% of the total value of the property. Land and Buildings Transaction Tax (LBTT) aka Stamp Duty 80% of first-time homebuyers in Scotland will pay no stamp duty since there is a tax-free limit on properties bought by first-time buyers of £175,000. Broker fees Depending on which mortgage you opt for you may have fees to pay if you use a broker. A broker is an intermediary between you and the mortgage lender, such as a bank, who can offer advice on the different mortgages available and then broker an agreement between you and the mortgage lender. Legal fees Legal fees will be applicable as the process moves forward and you approach a solicitor. Transfer fee You may be required to pay a fee to cover your lender's cost of transferring money for your mortgage to a solicitor. Mortgage costs Depending on your deposit amount and a host of other factors including your annual income, there are many mortgages out there for first-time home buyers. Insurance Mortgage lenders may need insurance on the property you are purchasing, with some lenders not being able to agree on lending if property insurance is not in place. Getting a mortgage as a first time home buyer Understanding mortgages can be the most difficult part of buying a home for the first time, but rest assured, it is not too complex when you have the correct information at your disposal. When you have a deposit saved now you can begin searching for the ideal mortgage lender with favorable terms that best suit your requirements such as budget and duration. You must establish all of the information required to make the best decision for yourself with the best possible mortgage agreement according to your needs. To ensure you get the best deal possible you should discuss your mortgage with multiple lenders. Searching for your first home Once you have a mortgage agreement in principle you can begin searching for your first home! Your mortgage agreement will help narrow your search to find the most suitable home according to your circumstances. Here are a few properties that think would be perfect for first time home buyers: Laburnum Road, Viewpark Offers Over £95,000 Wilkie Drive, Holytown Offers Over £169,000 Viewing to see your potential first home Be prepared Have a look at the property whether it be online photos or drive-by. Think of anything important to you or any potential questions you may have beforehand. It can be easy for questions to slip your mind while viewing the property. Request the home report A home report can be requested free of charge from the seller, this gives you in-depth knowledge of the property such as the condition, energy report, property questionnaire, council tax band, and how much the property is valued. Bring a friend Whether it be a friend, partner, or estate agent you choose to bring with you, having someone by your side during the viewing process can make the process easier for you as a first-time homebuyer. View both the inside and outside of the property Buying a house can be one of the biggest purchases of your life, especially for a first-time homebuyer so it's important to make sure you have a thorough look at the property, both inside and out. Making an offer as a first time home buyer Note your interest If you decide the property is for you after seeing the home report and viewing, you can ask your solicitor to note interest. Once this has been done you will then be notified if a closing date has been arranged to make a final offer Offer accepted Your solicitor and the seller's solicitor will then begin the conveyancing process until we have a concluded missive and you can look forward to getting your keys. Your big move into your first home! Pick your moving date Picking your move-in date is dependant on the progress of your purchase and when that may be complete, as soon as this is complete you have free range on when you wish to move into your first home. Have any removal companies booked in for your desired date, pack all your essentials, inform everyone of your new address and enjoy your very first home.
A-Z Estate Agent Jargon Buster
Selling and buying a home can feel confusing enough without estate agents throwing around terms which you may never have heard of. In this post we have compiled an Estate agent jargon buster with a list of words you may hear during the buying or selling process. Acceptance Acceptance is agreeing an offer. Agreement in principle This is provided by a mortgage lender and confirms that they are prepared to lend the potential buyer the funds to complete a purchase, subject to the approval of the property. Appraisal An appraisal is an unbiased estimate of a property's fair market value by a third-party professional. Asking price The asking price is the figure the property is marketed at. Buyer A person looking to buy a property. Chain A chain is a sequence of linked house purchases, each of which is dependent on the preceding and succeeding purchase. Completion When the sale transaction Is settled, and keys can be handed over. Closing Date The closing date is a day and time set by the seller on which all parties interested in buying the property should send their offers. It works like a blind auction; the buyers submit their bids without any knowledge of the details of the competing offers. Conveyancing The legal process of transferring property ownership from one party to another Deeds Also known as Title Deeds. The legal documents that prove ownership of a property or land. Deposit The money you'll need to pay upfront to secure a mortgage to buy a home - deposits are usually 10% of a home's value, but this may vary. EPC Short for Energy Performance Certificate. It displays the energy efficiency of a property and its environmental impact with a scale of A-G (A being the most efficient). An EPC is essential to have before marketing a property and is one of three parts of a home report in Scotland. Fixed Price A fixed price is a price set by the seller that is not subject to negotiation. Fixed-rate mortgage A mortgage deal that comes with a predetermined interest rate for a defined period, usually two, three, or five years. Guarantor A guarantor is a financial term describing an individual who promises to pay a borrower's debt in the event that the borrower defaults on their loan. Home Report Home reports make the process of buying a new home more transparent by removing much of the uncertainty on what price to bid and accept, a home report includes a property questionnaire, single survey and EPC and is prepared by a charted surveyor. Instruction An instruction is when a seller signs a contract to list with an estate agent. Negative equity Where the sale value of a property is less than the amount outstanding on a mortgage. Missives Missives are a series of letters between solicitors on behalf of their clients which constitute the contract for the sale of property from the seller to the buyer. Property Questionnaire A property questionnaire is part of the home report that is either completed by the seller or the agent marketing the property. It contains useful information such as how long the person has lived there, the council tax band of the property, who services the property, and any work that has been done. Seller The person selling the property. Single Survey A single survey is the first document enclosed in a home report. The purpose of a single survey is to provide potential buyers with clear information about the condition and value of your home before you market it for sale. The survey will also give buyers detailed information about the condition and value of your property before they decide to make an offer. STCM A term used in Scotland that is short for a property sold is 'Subject to Conclusion of Missives'. This means an offer has been accepted but no formal contract has been agreed yet Under Offer When a property is listed or referred to as 'under offer' it means an offer has been accepted on the property and the conveyancing and conclusion of missives are set to take place Valuation A property valuation is an assessment of your property's value, based on the location, condition and multiple other factors. Vendor Another term used to describe the person selling the property. https://www.facebook.com/LanarkshieLaw https://www.facebook.com/LanarkshireLaw
Looking for a Home Near Me and Estate Agents Near Me
As per ongoing figures, house costs in Scotland are up by almost 11% in the year to March 2021. In Scotland, house costs rose by 10.6% throughout the year to March 2021, contrasted and an ascent of 10.2 % in England, 11% in Wales and 6% in Northern Ireland. Following the lockdown in March 2020, and the near closing of the property market until June that year, remotely coordinating, self-educating and being bound to our homes achieved an exceptional re-appraisal of what people are looking for. Individuals were becoming confined by utilizing such searchable terms as " estate agents near me ". We saw increased searches in individuals looking for properties with gardens or outside spaces and balconies, people were putting less importance on transport links. to be close to moving joins and rather proximity to green open space and common regions took need. Buyers were searching for an additional room for a work area or even a changed over shed our restroom to oblige our 'new standard'. Add to this the subdued revenue from the people who had adequately needed to move, a stamp commitment event, and the appearance of 95% home advances and solicitation has far counterbalanced stockpile which unavoidably pushes up costs near me. These variables have helped fuel the most exorbitant cost swelling for a very long time near me - up from 9.2% in the year to April. In spite of the fact that there has been a significant degree of development in Northern England (albeit substantially less development in London) no other area in the UK has seen the levels we are encountering in Scotland. The Office for National Statistics (ONS) said the pandemic may have made purchasers re-examine their home needs and priorities at what's "near me". With the ordinary expense of segregates properties in the UK rising faster, people looking for more space and less need to be close to the working environment. Various people who have continued working all through the pandemic have found that they have spent essentially less on pondered purchases - events have been pausing, people have been more unwilling to refresh their vehicles and with an excess from engineers, home updates have generally been put off. The speedy market and nonattendance of supply is pushing up costs with contention at its most critical level and people leaving behind properties regardless, when offering extraordinary prices over the home report regard. If you are looking for a solicitor near me use Lanarkshire Law Practice. If you are looking for a solicitor near me then use ourselves Lanarkshire Law Estate Agents. If you require a mortgage adviser then use Lanarkshire Law Mortgage Solutions
Local Town Lanarkshire Motherwell
Motherwell sits in the heart of central Scotland and can chart its history as far back as Roman Times. A Roman road through central Scotland ran along Motherwell's side of the River Clyde, however inhabited by Britons, Motherwell's name reportedly comes from a well, the Lady Well with the site now marked by a plaque on Ladywell Road. This historical town has earliest record of Motherwell name being quotes within a detailed map created by Timothy Pont which was dated between 1583 and 1611. In the 19th century Motherwell was just a farming hamlet with only 600 people, however by the 19th century the population swelled to 13,800 mainly due to the railway and in 1881 David Colville who opened an iron and steel works. By the end of the 19th century Motherwell Town Hall and Dalziel High School had been built, the local football club had been founded, and its stadium, Fir Park, had been constructed. Found within North Lanarkshire it has a population of around 32,120 people on the last census. Strathclyde Park which includes M& D's Theme Park and Discover Amazonia. It also hosted the renowned T in the park until 1996. It is also home to the National Shrine of Our Lady of Lourdes, Carfin Grotto and the ancient site of Dalzell House and Home to the North Lanarkshire Heritage Centre. It also boasts a Theatre and Concert Hall at the Civic Centre. Motherwell boasts two golf courses Dalziel Park Golf Club and Torrance Park Golf Club. There are 6 secondary schools and 13 primary schools and is also home to the New College Lanarkshire which is now located and the old Ravenscraig site. Motherwell is the headquarters for both North Lanarkshire Council, which is one of Scotland's most populous local authority areas, and of Police Scotland "Q" division. The town has three train stations, a main railway station known as Motherwell runs on the West Coast Main Line from Glasgow to London and on the East Coast Main Line via Edinburgh and Newcastle, and is located next to Motherwell Shopping Centre. Other train stations in Motherwell include Airbles and Shieldmuir. Motherwell is very accessible by road with it being located next to the M74 motorway beside which leads to Cumbria and onto the M6. It is also located about 3 miles drives from the M8 motorway which runs between the two largest cities of Scotland, Glasgow and Edinburgh. In terms of house prices in Motherwell, Zoopla states that the average price for a property in April 2021 stands at £154,532. Meanwhile flats sold in Motherwell for an average of £91,573. Rightmove states that properties in Motherwell had an overall average price of £149,965 over the last year. Motherwell properties offer great value for money with the average price slightly lower than the average for Scotland and North Lanarkshire. https://youtu.be/dCuJyx3kAQs
Local Town in Lanarkshire - Airdrie
Local Towns:AIRDRIE Lanarkshire Law Estate Agents specialise in Bellshill and the surrounding areas. Our agents are local, have 10 years in the industry and have extensive knowledge within the property market that can help sell your home for its maximum potential. We appreciate how stressful selling your property can be and our intention is to provide a service second to none. We believe it is important to know local towns and what draws people in as well as factors that make properties more appealing in these locations in Monklands. This can range from shopping facilities to local schools. Below we have compiled a list of some local areas we cater to and some facts that give a better understanding of the area and the house market. Airdrie: Located within North Lanarkshire Council area, Airdrie currently has a population of around 36,500 people. Airdrie is a former industrial town in North Lanarkshire which lies 12 miles east of Glasgow and 31 miles from Edinburgh. Airdrie's industrial heyday was the 19th century when the major industries were coal mining and cotton milling. Airdrie's name first appeared in the Register of the Great Seal of Scotland in 1373 as Ardre. By 1546 it had become Ardry and by 1587 it was known as Ardrie. In 1630 it finally appeared in the Register as Airdrie. The enormous growth in population in the 19th Century was a reflection of the change from cottage industry to heavy industry in the area. Most of the Irish immigrant population were involved with mining and labouring. This led to an increase in ironwork foundries around the area. Airdrie houses one out of the 10 Astronomical observatories in Scotland and dating back to 1896. There are only four public observatories operating in the United Kingdom, all of which are in Scotland. Airdrie Observatory is the smallest, and second oldest. Modern day Airdrie is very much a commuter town but it contains a variety of historical and modern attractions. Airdrie has also been declared the highest town in Scotland in terms of altitude. It also has a local Football team and stadium Airdrieonians FC founded in 1878. There are many shopping facilities within the town of Airdrie as well as Airdrie Public Observatory which is one of only four in the whole of the UK. Airdrie train station provides transport links to other stations such as Coatbridge, Glasgow, Helensburgh and Balloch  and then in the opposite direction directly into Edinburgh on a frequent basis. There are roughly around fifteen primary schools in Airdrie and three secondary schools. Zoopla reports that house prices in Airdrie in November 2020 are, on average, around £135,749 with flats being around £81,909. Properties in Airdrie had an overall average price of £133,114 over the last year according to Rightmove. More details of Airdrie can be found on Wikipedia https://youtu.be/TeL8hZa_Obc
Local Town in Lanarkshire - Coatbridge
Local Towns:AIRDRIE and COATBRIDGE Lanarkshire Law Estate Agents specialise in Bellshill and the surrounding areas. Our agents are local, have 10 years in the industry and have extensive knowledge within the property market that can help sell your home for its maximum potential. We appreciate how stressful selling your property can be and our intention is to provide a service second to none. We believe it is important to know local towns and what draws people in as well as factors that make properties more appealing in these locations in Monlands -Â Airdrie and Coatbridge. This can range from shopping facilities to local schools. Below we have compiled a list of some local areas we cater to and some facts that give a better understanding of the area and the housing market. Coatbridge: Coatbridge has a population of over 46,000 residents. The Coatbridge area is steeped in history. There are settlements which have been discovered in the Drumpellier estates in 1852 circle of Bronze Age stone coffins that date back 3000 years to the Mesolithic Age. A number of other Bronze Age urns and relics have been found in Coatbridge and replicas have been on display within Drumpellier locks and local museum Summerlee Heritage Park. the founding of the town can be traced to the 12th century, when a Royal Charter was granted to the monks of Newbattle Abbey by King Malcolm IV. This borough along with neighbouring Airdrie was collectively known as Monklands. The Monkland Canal was constructed at the end of the 18th century initially to transport coal to Glasgow from the rich local deposits. The invention of the hot blast furnace process in 1828 meant that Coatbridge's ironstone deposits could be exploited to the maximum by the canal link and hot blast process Neighbouring Airdrie, Coatbridge has a population of over 46,000 residents. There are six local train stations in Coatbridge that provide links to Airdrie, Glasgow, Edinburgh, Helensburgh, Cumbernauld and several other places. There is a Coatbridge retail park as well as local shops making it the ideal place to go shopping. Daniel (Dane) Sinclair, an engineer with the National Telephone Company, based in Glasgow, patented the automatic telephone switchboard. This system was installed in Coatbridge in 1886 and became the worlds first automatic telephone exchange. There are lots of historical sites to see in Coatbridge such as Summerlee Museum of Scottish Industrial Life. The Douglas Support Estate whose origins can be traced back to the 18th century. It also boasts several large recreational parks and The Time Capsule Leisure complex. It also has a local Football team and stadium Albion Rovers founded in 1882. The main street has several high street names as well as local independent stores. It has three main Supermarkets Tesco, Asda and Lidl's as well as the Faraday Park. The only retail park in town, anchored by Tesco Extra, M&S Simply Food, Next, Argos. Iceland Wholesale and Matalan. Nearby B&Q Warehouse. Coatbridge also houses fast food outlets, McDonald's, KFC, Burger King Costa and two Greggs stores. There are nineteen primary schools and three secondary schools According to Zoopla, in November 2020 the average price for a property in Coatbridge sits around £132,258 with flats being around £87,261. Rightmove states that properties in Coatbridge had an overall average price of £118,038 over the last year. More details of Coatbridge can be found on Wikipedia For details on how to get the best price for your property by looking at our 8 Staging Tips for Selling Your property
What part does a conveyancing Lawyer play in the home-buying and selling process?
Conveyancing and home buying and selling process with a LawyerMany conveyancing law firms in Scotland also double as real estate agencies. They’ll be in charge of selling your house, coordinating the first transactions, haggling with prospective purchasers, handling the legal aspects of the sale, and setting up searches.These solicitor estate agents are often Solicitors and Property Centers members and are subject to the rules of the Law Society of Scotland. Although there are more conventional estate agents in Scotland than in the rest of the UK, their market share is smaller.The Law Society of Scotland’s recommendations are made to lessen the possibility of gazumping. A conveyancer is not permitted to accept another offer on the property once they have accepted one on behalf of the seller.The seller’s lawyer must stop representing them if another offer is made and the seller decides to accept it. To complete the deal, the seller will then need to hire a different conveyancing attorney. This lengthens the process of buying or selling a home and may increase the price of the transaction.What is note of interest is what?Once you have identified a house in Scotland that you would want to buy, you must hire a solicitor who can express your interest in writing to the selling agent. This does not obligate you to make the purchase, but it will ensure that you are kept informed of any changes, such as when an offer must be made.You will also be informed of the closing date, after which the seller will no longer accept offers on the property. After that, the buyer will choose which offer to accept.What exactly is a HomeReport?The seller of the house must provide a home report if you find the property you’re looking for in Scotland. A home report must be given to any potential buyers because it is legally required for anyone marketing a home in Scotland.When getting ready to sell a home, sellers will need to factor in the price of a Home Report.This paper includes an energy assessment, a property questionnaire, and information on important characteristics of the home that buyers should be aware of. The 16 areas of the Property Questionnaire are intended to provide the buyer with extra details about the property, such as the home’s council tax band.An Energy Performance Certificate from the Energy Report serves as the energy efficiency data for the house. The buyer is informed of the energy use as well as the expected average cost of the home’s heating, lighting, and hot water.The Energy Report analyses the property’s carbon dioxide emissions’ impact on the environment and lists contacts for assistance on how to make your house more energy-efficient and cut down on your fuel expenses.Potential buyers have access to the Home Report, but if you like, you can also organise your own private survey. Remember that this will increase the price of buying a house.How Do Missives Work?Missives are a string of letters that the buyer’s and seller’s attorneys exchange in order to discuss and settle on the specifics of the deal. In England and Wales, this is the same as exchanging contracts. The parties involved agree to a number of terms and conditions in these letters, and the seller formally accepts the buyer’s offer.Until “the end of missives,” also known as a qualified acceptance, these letters will be exchanged between the parties. Be advised that you must cancel a sale in Scotland prior to the end of missives if you wish to do so. After the last missive has been sent, neither the buyer nor the seller may back out of the deal.How Long Does Conveyancing Usually Take in Scotland?Although a precise timeline for the conveyancing procedure is impossible to determine, Scotland is thought to have a shorter conveyancing process than the rest of the UK.In Scotland, purchasing a home may take between four and eight weeks, as opposed to the eight to twelve weeks it typically takes in England, Wales, and Northern Ireland. Be advised that depending on the situation, some transactions may take longer than others.How Much Do Scottish Conveyancing Fees Cost?The size and cost of the property under consideration will have a significant impact on the conveyancing costs in Scotland. Conveyancing costs for purchasing a home in the Scotland are typically around £1,000, and £1,000 for selling one. Using our expereince this is abased on the average value of a property in Lanarkshire of £165,000.The fee above includes conveyancing expenditures which is legally required for buying and selling a house. These are expenses that your lawyer will cover on your behalf; you will be responsible for paying those expenses back. Included in this are necessary conveyancing searches, also known as property searches, which range in price from £100 to £400. Bear in mind that every transaction is unique, and your lawyer will be able to provide you an exact price.What is Land Buildings and Transaction Tax mean?In Scotland, Land Building and Transaction Tax (LBTT) is similar to Stamp Duty. In April 2015, LBTT replaced Stamp Duty Land Tax, and it is managed by Revenue Scotland with assistance from Registers of Scotland (RoS). Your attorney will typically pay LBTT on your behalf.LBTT must be paid on all residential and commercial land and building transactions for properties valued more than a specified amount, just like Stamp Duty and the Land Transaction Tax in Wales. Within certain tax bands, tax is due at various rates on each component of the purchase price.Scottish properties costing up to £145,000 won’t be subject to LBTT. First-time buyers can also take advantage of a relief that raised the residential nil rate bracket of the LBTT to £175,000 for them. This means that if you are a first-time buyer, houses at this price or below will not be subject to LBTT.The following list of current rates and bands for residential LBTT as confirmed in The First of April 2021: There are some exemptions.Purchase price LBTT rate Up to £145,000 0% £145,001 to £250,000 2% £250,001 to £325,000 5% £325,001 to £750,000 10% Over £750,000 12%The Scottish Additional Dwelling Supplement may be applicable when purchasing a home. The LBTT Additional Residence Supplement (ADS), which is due on the entire purchase price of an additional dwelling (like a second home or buy-to-let) of £40,000 or more, went into effect on 1 April 2016. This is assessed at 4% of the total cost of the residence. i.e., a £100,000 buy-to-let purchase will result in an ADS fee of £4,000.
Selling Your Home In a Day?
So often we read about properties selling in one day or record prices being achieved after just 48 hours of marketing. As much as this may appear to be fantastic we are in a unique market just now. In some circumstances selling in a day is the best option for the seller. We aim to ensure all our sellers achieve the best outcome. Is selling in a day really going to achieve this? Selling your property to the first person that has offered may leave you wondering "Could I have got a better price?" Property platforms and social media Has the home been appearing on all the property platforms and social media long enough to reach a full buying audience? Our clients properties are showcased on as many property and social media platforms possible. If there are 6 potential buyers after one day of viewing imagine the outcome after 3 viewing days. The number of buyers are massively outweighing the number of houses for sale. Make the most of this and ensure your property achieves the best price possible. Have all potential buyers viewed the property? Make your estate agent work for you! It is important that you are comfortable with the selling process and we appreciate that numerous days of viewing can be tiring for the seller. Whether you want to make yourself scarce and let us do all the work or get knees deep in viewings the choice is yours. Get the best price for your home by giving potential buyers the opportunity to view. With buyers outweighing sellers you are more likely to have more people looking to view your home, which most often than not results in more people offering to buy your home. If you have several parties interested you can set a closing which encourages buyers to go in with their best and final price, meaning you get the best outcome. If you would prefer to be present when the viewings are taking place that can also be arranged. We also don't charge an extra fee for accompanied viewings. Closing date This is simply the date set by the seller and their Estate Agent for any buyers interested in making an offer. You would set a closing date once a property has more than 1 buyer wishing to offer. All interested parties will be invited to bring their best and final bids to the estate agent before the closing date. As all bids are blind, the buyer generally bids high to be in the best position to secure the purchase. It is the fairest way to settle competing offers and the benefit to you, the seller.....you will achieve a far higher price. Get the best price for your home with Lanarkshire Law Estate agent Selling your home doesn't have to be stressful. We work hard to take the stress out of selling your home from the very beginning. Our passion is to do all the hard work so you don't have to! Book you free valuation now! https://lanarkshireestateagents.co.uk/property-valuation/ https://www.facebook.com/LanarkshireLawEstateAgents https://www.facebook.com/LanarkshireLaw
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