Spend More Time, Spend Less Money - Advice for First Time Home Owners

A survey taken out by Which? has shown that out of 1,990 home owners from the British Public, those who spent longer looking into their property before buying got a far better deal than those who bought before the first viewing.

It works like this, taking your time and pacing yourself allows you to find any potential problems with the home. A lot of the time, these problems can be dealt with; problems with the windows, scratches on the walls etc. But finding problems and faults with the properties like the above is almost guaranteed to help you get a reduction of the asking price which you can then negotiate in your favour.

The results speak for themselves, 71% of buyers who spent over an hour and a half in a home they have bought paid below the original asking price, for a variety of reasons. Although in competitive areas especially, it can be difficult to get a longer or second viewing, in most of these cases where buyers spent 10 minutes or viewing their homes, 52% paid the full or in some cases, due to competition, above the asking price.

A shocking 9% of buyers across England and Scotland bought their homes without even going for a viewing. It goes without saying that these buyers did not get what they paid for. Mainly younger, first time buyers spend substantially less time viewing their homes before buying and miss out on checks for things such as cracks and damp. Because of this you are more likely to be spending far more on your first home than you should be.

Looking into buying your first home? Get in touch today, or visit our website - http://www.onlineestateagents.org.uk/

Open House say asking prices are up according to Rightmove

According to Rightmove, the price for a house coming onto the market is at an all time high for the second month in a row!

The average selling price for a house is now at £294,542 which is £191 more then last months making the price index at a small 0.1% asking price rise.

Due to affordability constraints, mortgage approvals and general summer slowdown, there is still a drought in property sales.

Rightmove say that they see the biggest demand in excess supply and that the shortage is more keen for smaller homes with 2 bedrooms or less.

The highest number of property enquiries is for houses with 2 bedrooms or less, especially with first time buyers. This type of property ( 2 beds or less) sees 24% more enquiries then any other property type such as larger houses with 3 or 4 bedrooms. Smaller units benefit from demand from not only first-time buyers, but also downsizers and buy-to-let investors.

Rightmove states that visits to its website and enquiries to estate agents are up by 22 in June compared to this time last year, despite the fact that the number of properties coming to market is running at a weekly run-rate 10.6 per cent below the same period in 2014.

Rightmove says there are “signs of buyers hitting their affordability ceilings” thanks in part to a continuing shortfall in the number of new homes being built.

This was found on Estate Agent Today who Open House Estates visit frequently for upcoming news and information on the today's property market.

Open House are one the fastest growing online estate agents in the UK who operate across the country and have franchises up and down the UK. Not only do they have such a huge and fantastic network with local expertise but their fees and rates could save you thousands.

Letting Options for Landlords from Open House Estates

With the fastest growing online estate agency in the UK you could save thousands as a landlord when you come to let your property with Open House Estates. 

They provide a variety of letting options to ensure that each and every landlords marketing and return on investment requirements are met. 

Letting Options for Landlords 

Option 1 

£202.82 with no completion fee

Simply pay the £202.82 inc VAT and you will NOT be charged a completion fee

Includes 9 months of opentime marketing (with special offer)

Option 2

Pay £58.80 upfront and £234 on completion 

When you pay £58.80 upfront they will only charge you £234 completion fee

(upon finding a successful tenant)

Includes 6 months of opentime market 

Option 3

78% of the first months rent, no let no fee

You do not have to pay any upfront fee only 78% of the first months rent

(upon finding a successful tenant)

Unlimited opentime marketing and enhanced local area advertising

Included in your letting options are:

• Eye catching Open House ‘to let’ board
• Wide angle digital photography
• Telephone lines open 24/7 for prospective tenants
• Marketing advice & letting tips
• Personal agent assigned to your account
• Negotiation of tenant offers
• Tenant profiling – full reference & credit checks
• Opentime marketing (length dependent on option)
• Accompanied viewings (option 3 only)
• Free property valuation guide (property visit required)

• Professionally written property details
• Listing on website & property portals (Inc Rightmove)
• National tenant database match
• Viewings arranged & feedback provided
• Marketing updates & property portal stats
• Tenancy agreement (AST) & access to legal template

To find out more about any of these letting options or to enquire please visit www.onlineestateagents.org.uk

Estate Agency Franchise - Are You Ready?

Are you currently looking to start your own business? Do you want to start your own estate agent franchise? Open House are offering a fantastic new opportunity for entrepreneurs to start their very own online estate agent franchise!

Open House are looking to expand their franchises across England and Wales through a skilled team of franchised local estate agents. They are looking for individuals who are driven and motivated, people who can build a sustainable and profitable business either from their own home or in an office branch.

Not only do you get this amazing and unique opportunity but you will also receive a comprehensive training programme which will include an industry recognised qualification, structured business  support systems to allow you to offer a full estate agency and tenant finder service.




Benefits of owning a franchise estate agents with Open House

• 80% of people now use the interest to find their homes, making this a greater opportunity for profit
• Offers what traditional estate agencies offer but with cutting edge technology making them the best online estate agency
• The future is online
• More and more people are now searching online estate agents which has made us the top 4 on Google, Bing and Yahoo.
• No experience is necessary they provide it all 

For more information on owning your estate agent franchise such as the work involved, testimonials from franchise owners, territories and the package you receive please visit www.onlineestateagents.org.uk/franchise/