Over the last few weeks I have been catching up with my professional colleagues and researching what is happenning in the marketplace. From my various conversations it appears that the market remains stagnant with property remaining unsold and Buyers still not able to raise the required funding. It appears that properties are initially being marketed at to high a price putting off potential buyers and when the are eventually reduced sometimes significantly the question raised in the Buyers mind is “What is wrong with it” This problem will not be resolved until a Property is marketed at a realistic price b The buyers are able to source funding c That incentives are offerred to stimulate growth From my viewpoint we are neither in a Buyers or a Sellers market and property will only move when the correct conditions apply and
I am constantly surprised as to how quick things move on and the amount of information that is available to those who can use the technology effectively. Yesterday I read a tweet from Richard Branson who is stating that we need to encourage the entreprenuer. In view of the age of the property market and the entrenched position that stakeholders take this appears to me to be the best opportunity to make use of the opportunities to improve the customers experience and the end product be it the information provided or the end product. I have many ideas to deal with the various problems associated with the Home Buying/selling experience and believe that the Public are entitled to excellence rather than second best. The pressure on fees is not encouraging future investment but now is a fabulous opportunity while the
Completion Time
For those of you who were wondering all complete by 12.30. Another very satisfied customer. keep visiting for up to the minute news and information
Technology
Two days on twitter and I’ve broken it. Well I am a specialist property lawyer not an IT expert.Any ideas anyone as to what I have done or not done.
Completion Time
One of the main questions I am asked by customers is what time will completion take place and when can I pick up or obtain the Keys? As is always the case there is not a straightforward answer to this since its in part legal-what does the contract say and part practical-when will the sellers vacate the property. We as a firm adopt the approach of attempting to send the monies before 10 am on the day of completion as this avoids generally the complaint of “We are still awaiting the funds”. The contractual time is generally 1.00pm although customers are requested to aim for midday for clearing the premises. Quite often we are being told that the Banks are still waiting for the money however this is rarely the case as we have our own terminal here and it
Networking
This week has got off to a flying start with conversations with customers investors companies and suppliers. All have one concern-what is happening in the marketplace and how much longer will the downturn last. There is no answer as all the professionals are also divided on what when and how the recovery will start. The real answer starts with you! If you want to see an improvement start looking for opportunities to invest-time money or expertise and or innovation. I am hopeful and planning for growth-are you?
More Information
Another week and lots of phone calls later it is still clear that interest in the property market has not waned but people are still nervous as to when it will be the right time to get involved. A little known secret- there is never a right or wrong time. I have been speaking to investors first time buyers and seasoned property buyers and all are selling or buying for a variety of reasons.There are some good deals and some not so good deals so the secret is to carry out all the right research before doing anything further.Don’t know where to go or who to ask look no further than the expert!Looking forward to speaking with you and a quick remeinder we are still offerring a special deal for those customers who instruct before the end of this month.
News
Well this week has been differrent with lots of enquiries about how to progress matters what to do if investing in property and how much is reasonable to pay if a first time buyer with little or no knowledge as to how transactions progress. We will be posting regular information on property related issues but if any of my readers wish to have specific information relating to Property please add a comment
Special Offer
Its that time of year again when the Sales begin and Spring is round the Corner. Confidence is returning to the property market and the Buyers are beginning to venture out. I thought as to what I can do to help so a discount is being offerred against our usual fees if instructions are given to us by the end of March 2010. So go visit www.kingfishers.co.uk and see what we have to offer buyers sellers and investors
Property Good News & Property Bad News
So the bad news is that your property has come down in value over the last year. Now that is bad news. So if you try to sell your home in today’s market some of the equity you have built up over the years has gone. Very bad news.