03 June 2021

TRINITY FIELDS, North Road, Retford - See the houses on offer.



TRINITY FIELDS – North Road, Retford – NEW DEVELOPMENT

Building will start very soon on the site to the west of North Road, Retford.
The developer Avant Homes is offering a range of 3 and 4 bedroom houses with prices from £220,000 to £370,000

See the examples, floor plans and a plan of the whole development here.

Here is the link: https://www.avanthomes.co.uk/find-your-new-home/trinity-fields/

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire


28 May 2021

Get Ready to Claim a 30% Discount - First Time Buyers

First Homes will be life-changing for people all over the country aspiring to take their first step onto the housing ladder, by providing new homes at a discount of at least 30 percent’

This week the Minister for Housing Christopher Pincher made a statement on the future plans for helping first time buyers to purchase affordable housing. In the statement he discussed the new ‘First Homes’ scheme.

‘First Homes’ is a new initiative from the government and a very interesting way of helping more people get onto the housing ladder.

‘First Homes’ will be new builds. In some instances these homes will be earmarked for military veterans and key workers including teachers, police and others. Local authorities will have powers to decide.

30% Discount

Buyers will be able to secure these new build homes and take advantage of a minimum discount of 30% (Yes, you read that correctly). Again the level of discount will be decided by local authorities.

PLUS the discount will exist in perpetuity, meaning that generations of first-time buyers will be helped. See example below.

The scheme will start with a pilot of 1,500 houses and should be launched before the end of 2021.

An Example:

Market Price £175,000

First Homes discount of 30%

First Home buyer pays £122,500

After a few years when the owner is looking to sell, the new value of their home is say £225,000.

This is allocated to a new first time buyer or prioritised worker by the local authority, and it is sold with a 30% discount for £157,500.

What are First Homes?

• First Homes are flats and houses built on developments up and down the country. They will be no different from other properties except they will be sold with a discount of at least 30 percent.

• They will be sold to local people who want to stay in the community where they live or work but are struggling to purchase a home at market prices.

• They will be prioritised for first-time buyers, serving members and veterans of the Armed Forces, and key workers, such as nurses, police and teachers.

• The discount will be passed on to future buyers when First Homes are resold so more people can be helped onto the ladder.

How will it work?

• First Homes will be sold with a minimum discount of 30 per cent off the market price, but local areas will be able to set a larger discount to ensure the homes are affordable to local people.

• Buyers will purchase First Homes in the usual way and will have access to conventional mortgage products.

• When owners of First Homes decide to move up the ladder, their home will be independently valued. When they sell the home, the discount will be passed on to the new owner with the discount (of at least 30%) applied to the new value.

• This means homes will always be sold below market price and local communities will benefit for generations to come, with local authorities continuing to allocate these homes to first-time buyers and able to prioritise local workers.

• First Homes are for people to live in, so they will not be used as holiday homes or as buy to lets. These are for local people to take their first step onto the ladder.

When will I be able to buy a First Homes property?

The government is working to deliver First Homes as quickly as possible and currently consulting on the final design of the First Homes scheme. Look out for further details.

Helping Generation Rent

This initiative is clearly aimed at the lower or starter end of the property market with a real push to help getting generation rent onto the property ladder.

It will only help if and when we start to speed up the house building programme across the country.

There is a clear demand for first time buyer properties. This is a brave move from the government but clearly demonstrates how they are committed to helping people towards home ownership.

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire










14 May 2021

First Time Property Buyer? Why you need to act FAST



First time buyer?

2021 has been a good year so far for first time buyers with the re-introduction of 95% mortgages.

Mortgage availability is high and lenders are doing the best to help. The government has re-introduced the help to buy scheme.

So all is good right? NO
The problem now is there isn’t enough supply in the property market to meet demand.

If you are looking to buy right now you must be ready to act very quickly.

Estate Agents know full well that properties coming onto the market at first time buyer prices will be snapped up very quickly.

Some agents are offering just a 3-4 day window of viewing opportunities and asking potential buyers to make an offer in writing by email by a given deadline.

Some first time buyers are actually begging sellers to chose them as the preferred buyer.

Naturally competition is high and many buyers are over bidding the asking price to secure the property they want.

WHAT DO FIRST TME BUYERS NEED TO CONSIDER?

1.    Have you saved enough deposit? If you don’t have the full deposit ready you will not be able to proceed and will lose out to a more savvy first time buyer who has prepared everything in advance.

2.    Do you hold a mortgage offer or mortgage offer in principle?  You MUST have a document showing a mortgage provider has approved you for a mortgage and the document shows the maximum amount they will advance.

3.    The mortgage application process needs to be smooth and quick to process. The advantage of going through a mortgage adviser makes life so much easier.


Remember to make sure you have already spoken to a solicitor or conveyancer.
When you make an offer to buy your first house, don’t set yourself up to be disappointed by not being prepared.

If you are thinking about stepping onto the property ladder or would like a conversation to help you through the process please send me a message.

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire

23 April 2021

HOUSE SELLERS - Top Tips - Get Your Home Ready for Spring & Summer

 

Looking for some low cost and simple ways to spruce up your home to impress potential buyers? Here are seven tips to help you stand out from the competition


Spring is one of the busiest times for the property market as buyers emerge from the winter lull full of enthusiasm for their search for a new home.

The latest figures suggest the number of buyers looking for properties is healthy at the moment, having picked up following the uncertainty hindering house hunters during the Covid-19 Pandemic.

But sellers who are about to put their home on the market will still be keen to make sure their home stands out from the crowd.

To help you prioritise the items on your pre-viewing ‘to do’ list, here’s a list of top tips to ensure your house creates the right impression.

First impressions

Buyers often decide if they like a property within seconds of arriving, so kerb appeal is vital.

If necessary, spruce up your front door with a lick of paint or buy a new doorknob, brass letterbox or stainless steel house number to add a more welcoming and stylish touch.

Spring cleaning

It will come as no surprise to hear buyers are put off by anything that looks grubby, especially during the season of fresh beginnings.

Giving your house a proper Spring clean will ensure any old winter grime is removed from the property. Deep clean the carpets and make sure curtains and upholstery are dust free.

If you do this before your house is put on the market, the property will look good in the photos taken to promote the property too.


Focus on the kitchen and bathrooms

We all know kitchens and bathrooms can make or break a sale, so it’s important to make sure these rooms are at their best.

In the bathroom hide any unappealing pipework and fix tiling which looks worn. It’s a good idea to tidy away bathroom clutter such as body wash, cleaning products and toilet rolls etc to create a less personal and more minimalist space.

If your kitchen is looking shabby, you don’t need to fork out for a completely new one. Simply replace any worn work surfaces and doors. These changes could totally transform the space

Light

This is one of the easiest things you can do to impress a buyer. Dark spaces can be a turn off to buyers so letting in the light will create a welcoming effect.

Allow the sun to pour in and maximise natural light as much as possible by opening curtains and blinds and giving any dirty windows a scrub before putting your property on the market.

Minimalist Decor

Your taste in decor may not be everyone’s cup of tea and potential buyers must be able to picture themselves living in the space and not feel like an intruder in someone else’s home.

So, it’s a good idea to remove anything conveying too much personality. Keep your decoration simple and colours neutral to offer buyers a blank slate on which to build their own home.

Flowers

It’s very simple, but having fresh flowers on display is an effective way to present your house as well kept.

Flowers also play a vital role in giving rooms a lift and create a clean fragrance to greet a buyer. No matter how well your home is presented, a few simple touches with some neutral flowers will enhance the property’s appeal.

Remove pets

Pets can leave an odour and while their owner may have become immune to this, a buyer will pick up on it immediately.

Therefore, if you have pets, air the property in advance of any viewings, light a freshly-scented candle to mask any lingering smells and consider leaving your pet with a friend or family member for the duration of the viewing. 

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.
Find out more about my special Spring and Summer Promotion.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire


02 April 2021

Small Business Opportunity - Hair & Beauty Salon - RETFORD - FOR SALE

 

SMALL BUSINESS OPPORTUNITY - Rented Property with Business for Sale

Great opportunity to own a small business in Retford Town Centre

Small Hair & Beauty Salon

After lockdown this service will be in high demand.

If you are looking to start your own business after lockdown this could be the answer.

Current owner is moving overseas

Situated next to Retford Library

Rent only £99 per week.

Business sale price available on request.




Fur further information and to arrange a viewing:

geraldbowers@thegoodea.co.uk

01777 237310 Messages to 07981 744003

The Good Estate Agent in North Nottinghamshire.

Providing a FULL Estate Agency Service in North Nottinghamshire


26 March 2021

95% Mortgages Explained: Everything You Need To Know

 

Since March 2020, low deposit deals have virtually disappeared from the mortgage market, hitting first-time buyers hard, as well as those with low levels of equity in their property.

During the COVID-19 pandemic, lenders saw these deals as high-risk and withdrew most of their offerings.

The Government has announced that it will be backing a new mortgage guarantee scheme to combat this.

During the 2021 Budget on 3 March 2021, Chancellor Rishi Sunak announced that new 95% mortgages will be introduced in order to allow first-time buyers to get on the property ladder with as little as a 5% deposit.

In his speech, Sunak said: “This policy gives people who can’t afford a big deposit the chance to buy their own home.”

This new Government scheme will enable mortgage lenders to offer loans of up to 95% of the value of the property, with Prime Minister Boris Johnson declaring he wants to 'turn Generation Rent into Generation Buy’.

The scheme will solely be available to buyers of properties up to £600,000. According to Rightmove, this accounts for 86% of all homes currently up for sale in the UK. The mortgages will become available from April 2021, until December 31 2022.

95% mortgages explained

A 95% mortgage covers 95% of a property’s value, leaving the buyer to cover the remaining 5% in the form of a deposit. This can also be referred to as a 95% LTV (loan-to-value) mortgage.

Until now, most mortgage lenders were offering up to 85% mortgages, which means buyers can now save up to a third of what they would have had to pay prior to this announcement.

Buyers will also be able to fix their initial rate for up to five years. While it's similar to the Help to Buy scheme, it's not restricted to first-time buyers or new build properties.

Is a 95% mortgage right for me?

If you are able to afford a larger deposit on your new home, you may find you have more choice when it comes to finding a mortgage with lower interest rates. However, if you are a first-time buyer or struggling to fund a larger deposit, then this is a great solution for you.

Are buyers with a small deposit guaranteed to get one of these deals?

Buyers will still be subject to affordability checks, so it's not a guarantee that they'll be offered one even if they have the 5% deposit. Lenders could be concerned about the potential for buyers to fall into negative equity due to the small deposit amount and uncertain financial outlook.

Why will lenders offer these mortgage deals if they had previously removed them?

They are backed by the Government, so this means the risk is reduced for the lenders.

If you’re a first-time buyer with a small deposit, or have limited equity in your home but are looking to move, these new deals could offer the helping hand you need with your property purchase.

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire

21 March 2021

ELECTRONIC SIGNATURES - Is your solicitor up to date?

 

Is your conveyancing solicitor using electronic signatures?

Nine months ago HM Land Registry decided to accept electronic signatures to allow for transfers of ownership of property, leases and mortgages and other property dealings.

The next time you talk to your conveyancing solicitor maybe you should check and ask them if they are using modern technical systems to sign documents making it simpler and faster for you and the other party in the transaction to move home.

Systems like DocuSign are already being used widely by estate agents for short term leases and other agreements.

https://go.docusign.com/trial/productshot-uk/

We are all aware of the long drawn out drama of the dreaded conveyancing process when we are involved in buying or selling a property.

No longer is there an excuse for your conveyancer or solicitor to be stuck with the old outdated paper and ink method.

OK, there might be some of you who don't trust modern technology and not in a hurry to do anything, but I suspect you are in the minority today.

If your solicitor is still using snail mail for sending paper contracts through the postal system they are contributing to the delay.

The electronic signing of documents could take another week or two off the already lengthy conveyancing process.

See further details in the link here:
https://www.gov.uk/government/news/hm-land-registry-to-accept-electronic-signatures

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire


04 March 2021

GOOD NEWS for the RETFORD PROPERTY MARKET


Property Stamp Duty Holiday Deadline extended to 30th June

As expected the government announced yesterday that the temporary stamp duty holiday will be extended until the end of June.

The news will hopefully come as a relief to those buyers and sellers in the Retford area who have been trying to get their sale completed in time to meet the previous deadline of 31st March.

What is the temporary stamp duty holiday? 

The temporary stamp duty holiday, first announced by the government on 8th July last year, means that if you are buying a home up to the value of £500,000 you will not pay any stamp duty.

The extension means you now have until 30th June to complete on the purchase to make the stamp duty saving.

Then, to smooth the transition back to normal, the nil rate band will be £250,000, double its standard level, until the end of September 2021

It will return to the usual threshold of £125,000 on 1st October 2021

How the new mortgage guarantee scheme will help buyers with 5% deposits

For anyone who’s found it challenging to save for a 10%, 15% or 20% deposit over the past year or so, this is good news.

The government also announced yesterday a new mortgage guarantee scheme to help first-time buyers AND existing homeowners.

Under the new scheme, which will launch in April, first-time buyers and existing homeowners will be able to purchase homes worth up to £600,000 with a deposit of just 5%.

The way the scheme works is that the government pledges to repay lenders some of their losses if you as the buyer default on your mortgage repayments for any reason.

In return for this guarantee, lenders have to sell mortgages worth up to 95% of a home’s price – so that you as the borrower can proceed with a deposit of 5%.

It’s a potential game-changer for many first-time buyers as lots of 95% mortgages were made unavailable during the past year.

Thanks or reading

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire


22 February 2021

WHY ARE HOUSE PRICES GOING UP?

 

If you’re thinking about moving home but are unsure how the end of the stamp duty holiday could impact your plans, I’ve some new insights to share.

The latest study from property portal Rightmove shows that demand from buyers is growing, with all of the numbers they use to track buyer activity on their site being ahead of this time last year.

As it’s now far too late to realistically complete a deal before the stamp duty holiday is due to end on the 31st March, it would appear that many buyers’ desires to move are not dependent on the potential tax saving.

In fact, the number of people contacting estate agents about homes to buy is up by 18% compared to this time last year, and the number of visits to property portals is up by 45%.

This high buyer demand is outstripping new supply and therefore helping to push up prices despite the challenging economic backdrop. Asking prices are going up.
First time buyers are battling with each other and estate agents to secure their first home.

So buyer demand is higher and prices are rising, but one thing people might find right now is that there isn’t as much new choice as usual.

The number of new properties coming up for sale is down by 21% annually.

I expect that one of the main reasons for this is that owners of family homes are delaying coming to market, understandably due to home-schooling distractions.

What else is happening in the market?

Experts estimate that there are around 100,000 buyers who agreed a purchase before Christmas but will fail to complete by the stamp duty deadline, and will be faced with a tax bill that they may not have factored in when they agreed to buy the property. Unless Chancellor Rishi Sunak extends the deadline. Rumours are about that he will extend by another six weeks.

The latest analysis shows that of those buyers who agreed a purchase during the month the stamp duty announcement was made in July last year, one in five of them are still stuck in the logjam, more than six months later.

This is double the proportion of the previous year when only one in ten purchases that were agreed in July 2019 was still waiting to complete at this time last year.

So even if you agreed a purchase the day after the stamp duty holiday was announced, with just five weeks to go, you may still be at risk of losing out by not having enough time to meet the deadline.

What do the experts say?

The Rightmove property data expert Tim Bannister explained that the property market has got off to a strong start in 2021, and that there are lots of good reasons to put your home up for sale.

He said: “Last year the market was unexpectedly buoyed by buyers’ determination to move and satisfy their new lockdown-induced housing needs. We may well be seeing a continuation of that this year.

“Rightmove’s early 2021 buyer data shows that despite the imminent end of the stamp duty incentive, all of the key buyer metrics are ahead of early 2020, itself an active period as the market was boosted by the post-election ‘Boris bounce’. 

“As well as the current lockdown motivating buyer demand again, the restrictions have also been a factor in limiting new supply, leading to some modest upwards price pressure. These are strong signs that new buyer demand is not facing a cliff-edge after the 31st of March.

“It remains to be seen if this momentum will be enough to make up for the removal of the stamp duty savings that are benefitting many buyers and have been adding a sense of urgency to the whole market.

“So far in 2021 home-schooling has taken priority over home-selling for some people. Family properties are suffering most, with the difficulty of preparing a property for marketing and viewings while it’s in use and occupied 24/7 by the whole family likely to give you cause to delay.

“Ironically, whilst it’s too late for the stamp duty holiday, there are good reasons to come to market now, especially if selling a property suitable for a family? There are more possible buyers looking and fewer suitable alternatives to divert their attention away from yours. An early start to the selling process will also help to get you sold, moved, and settled in before the new school year.

“With the current speed of the vaccine roll-out, that new school year will hopefully be spent in schools and out of the home, but many of the other new needs for more space both indoors and out will remain.”

Thanks for reading

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire


21 February 2021

ORDSALL HOUSE - RETFORD - FOR SALE only £1.25m

 

ORDSALL HOUSE  -  FOR SALE -  RETFORD, NORTH NOTTS

This very spacious family house is on the market for just £1,250,000

6 bedrooms, 5 bathrooms, garage for 6 cars, private location, wine cellar etc
This beautiful Grade II listed Georgian house is a bargain here in Retford North Nottinghamshire.





Have a closer look here on Rightmove

https://www.rightmove.co.uk/properties/89197411#/


WHAT COULD YOU BUY FOR THE SAME PRICE DOWN SOUTH?

As a comparison let’s look at what you could buy in the south of England down in Weybridge, in Surrey for the same price.
A classic Victorian 4 bedroom end of terrace house.


Have a look on Rightmove

https://www.rightmove.co.uk/properties/101775884#/

To arrange a viewing of Ordsall House please contact:
Mellor & Beer
Estate Agents
51 Bridge Street
Worksop
Notts
Tel: 01909 479977

I'm here to help sellers, buyers, landlords, and tenants.

Call me or drop me a message if you think I might be able to help you.

geraldbowers@thegoodea.co.uk

The Good Estate Agent – North Nottinghamshire
Tel: 01777 237310 or 07981 744003

https://www.facebook.com/thegoodestateagentnorthnottinghamshire


09 February 2021

Tough New Regulations for New Homes Developers

 

Good News for Buyers of NEW Homes.

A ‘New Homes Quality Board’ will introduce a code of practice and ombudsman later this year.

A new body that will oversee improvements to the quality of new homes, better customer service and strengthened consumer redress has officially launched nine months after being announced.

The New Homes Quality Board (NHQB) will include organisations representing consumer bodies, housebuilders, warranty providers and the finance sector.

I’m sure most estate agents will welcome the NHQB largely because, while agents have been regulated for years and faced redress when sales go wrong, new homes sales have been covered only if they sell their homes via an estate agency.

Here in Retford there are some new home buyers who are not happy with the response from new homes developers when they are challenged about quality issues with their new home.

NEW OMBUDSMAN

The NHQB is to launch a New Homes Ombudsman Service that will support buyers when there are disputes, although its work will not be retrospective.

This will be policed via a new code of practice which will require developers/builders to join the scheme and then commit to much higher levels of service during the sales process, and also support buyers who have problems with their homes for up to two years after they complete.

The Government Housing Minister Eddie Hughes is reported to have said:

“It’s crucial developers show more responsibility for the quality of their work while also acknowledging when things go wrong – this helps give vital confidence to buyers, especially at a time of general uncertainty.”

A consultation on the code is under way and the ombudsman scheme is set to be up and running later in 2021

Thanks for reading

The Good Estate Agent - North Nottinghamshire.

I help sellers, buyers, landlords and tenants.
If you think I might be able to help you please drop me a message.

geraldbowers@thegoodea.co.uk
01777 237310  Messages to 07981 744003 

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https://www.facebook.com/thegoodestateagentnorthnottinghamshire