Bill Tandy's latest market update

Bill Tandy's latest market update




Top 20 New-Builds For Sale

New builds, with their high energy efficiency and glossy, modern finishes are amongst the most coveted property types in the UK.

Click here to read Top 20 New-Builds For Sale.



Transform Your Bedroom on a Budget

For many of us, our bedroom is our sanctuary and the personal, designated hideaway of our home, and so it only makes sense to curate a design that elicits peace and joy.

Click here to read Transform Your Bedroom on a Budget.



Mavesyn Ridware, Rugeley, Staffordshire, WS15 3QE

The Old Hall, Mavesyn Ridware is an exquisitely beautiful Grade II* country house set on the edge of this beautiful ... 
 
£1,750,000

Click here to read Mavesyn Ridware, Rugeley, Staffordshire, WS15 3QE.



Harlaston, Tamworth, Staffordshire, B79 9HT

Opportunity to purchase outstanding properties such as Haselour House are particularly rare, and this wonderful example of a gorgeous...
 
£1,700,000

Click here to read Harlaston, Tamworth, Staffordshire, B79 9HT .



Top tips on creating key selling points for your home

 
Your home’s location
Location is a key factor in determining the value of your home. So make the most of it. Whether it’s proximity to local transport links, schools, or beautiful countryside.

Kerb appeal
From flowers to fences or widows to door frames. Anything you can add to make your home look attractive at first sight will always help.

Smart technology
There is very little you can’t use smart technology for, whether it’s for entertainment, heating, or security. Make the most of it for a comfortable and modern way of living that will help you relax.

Energy-efficiency
Buyers like cost-saving and environmentally friendly features. Highlight any energy-efficient features, such as energy-rated appliances, LED lighting, smart thermostats, triple-glazed windows, or insulation upgrades.

Build a garden office
The proportion of property listings that now mention a garden office is now 11 times higher.* With so many of us working from home today, this is now high on the list of desirable features for many people.

Add bi-fold doors
By creating space while adding lots of light, you can really alter your indoor and outdoor living spaces as they seamlessly blend, allowing you to add real desirability to your home.

Open-plan living
Open-plan layouts have been on trend for the past few years. By increasing the size of your rooms by physically removing walls, your kitchen and dining area will seem so much bigger, with more light and a better feeling of space.

The kitchen
A new kitchen fitted with energy-efficient appliances is the central hub of any home. Doing this could add up to 15% to the value of your home.*

Create off-street parking
Off-street parking can add up to £50,000 to the value of your home.* So if you can create it where it did not exist before, many more home buyers will want to buy your home.

Does your home have any special features?
Whether we are talking about traditional architectural features such as an original fireplace, staircase, or stone walls, celebrate them. But do so in a respectful, neutral way that does not alienate potential buyers.

Outdoor living space
From great decking to the perfect patio, add lights, candles, an outdoor dining area, and a fire pit. Outdoor spaces, big or small, add to the value of your home and to the quality of your life.

Garden
Making the most of your garden is just as important as making the most of any room in the house. And this can not only add value to your home but also greatly increase its attractiveness to buyers.

Sell your property’s potential
Whether you have planning permission to build an extension or loft conversion, this is always worth mentioning to your agent as it could attract buyers.

Get in touch today to discuss moving to the place you really want to be

 
Zoopla*



Six mistakes landlords should avoid making

 
The rental market is highly lucrative and full of opportunity, with soaring demand and lists of people looking to rent. As a landlord, you are set to gain a good return on investment; it’s just a bit more complex than it used to be.

Not conducting tenant screening
It’s vital to carry out the right background checks. The last thing you need is to place a tenant who is problematic when it comes to damage to your property or paying rent. Credit checks and references are good ways to ensure you are letting your property to the right tenants.

Not keeping on top of maintenance
It’s imperative to keep on top of your property. Small issues can very quickly become expensive problems if not dealt with quickly. If tenants live happily in a well-maintained property, then this reduces the risk of accidents, claims, or losses in revenue if your tenant decides to leave.

Not conducting inspections
A great way to prevent expensive repairs is to conduct regular inspections of the property. This will help you identify any potential problems before they become repairs. It's vital that you give your tenants at least 24 hours' notice before conducting viewings. It’s less about checking up on tenants and more about keeping your property in good condition.

Neglecting legal obligations
From the right safety checks to the correct level of insurance, there is a lot to remember. Having the right tenancy agreement is also vital, and you don’t want to skim over the details of this. It’s important to define the cost of rent and what it covers to notice periods. It’s also important to maintain records of rent payments, and while some things may not be a legal requirement, they can help your case if legal disputes arise.

Incorrect pricing
When deciding how much rent to charge, it’s important to strike the right balance. You don’t want to charge too much, which could lead to your property being vacant. On the other hand, you must factor in your maintenance costs and the area where your property is located.

Not using a letting agent
A letting agent can take care of as much or as little of all these processes for you, which helps protect your investment and ensures your rights as a landlord are protected. Managing your own buy-to-let property is a time-consuming business. But more than that, you don't want to get caught out or increase your costs due to poor management.

Contact us today to find your buy-to-let property



Buyer demand remains strong this summer

 
Buyer demand in July was 3% higher than in 2019, but the number of available properties for sale was 12% lower than the same period in 2019.* This means that your home is in demand. While there is a healthier choice of properties than in recent years, demand still exceeds supply.

The housing crisis
There is a backlog of 4.3 million homes that are missing from the national housing market because they were never built.** With so much talk of high interest rates and the cost of living, it’s easy to forget that the housing crisis has not gone away.

Some good news about inflation
Inflation is finally falling, as it dropped to 7.9% in the year to June.*** This is the lowest level for over a year and will impact the base rate, meaning lower mortgage interest rates should follow. As this happens, the property market will revitalise, but without the sudden upsurges of the past.

First-time buyer homes
The national average asking price for these types of homes decreased by -0.4% from June to July, with an annual change of +0.3%.* The demand for first-time buyer-type properties is high, with many people still managing to get a footing on the ladder despite all the challenges. The mortgage guarantee scheme, which ends in December, has helped, as has a competitive range of mortgages from high-street lenders.

Second-steppers homes
The national average asking price for these types of homes decreased by -0.5% from June to July, with an annual change of +0.6%.* With many home movers getting a good price for their first-time buyer-type homes, they are taking advantage of good levels of equity and moving to something bigger. Whether it’s a house in the suburbs or a townhouse, the figures show that these types of houses have increased in value over the past year.

Homes at the top of the ladder
The national average asking price for these types of homes decreased by -0.1% from June to July, with an annual change of +0.8%.* Homes at this end of the market had not been quite as buoyant in terms of sales as those in the first-time buyer market. However, overall, as with all house types, the value of these types of properties looks healthy on an annual basis.

Spend some time with your agent
It’s easy to listen to the news or look at average house prices and arrive at the wrong conclusion. Agents know your local market intimately. Better still, they have the right approach when it comes to pricing your home at the correct level. Properties that need a reduction in asking price are 10% less likely to find a buyer compared to a property that was priced correctly in the first place.* Your situation will differ from that of the next person. You may have high levels of equity in your home, but even if you don't, agents today can put you in touch with mortgage providers and advisors who will create a solution that is right for you.

Get in touch today for advice on all aspects of your move

Rightmove*
centreforcities**
Office for National Statistics***



It’s not all about house prices

 
It’s worth talking to your agent this August as the housing market is in good shape for many reasons. So, whether you are on holiday or looking for a holiday home to buy, downsizing or moving to something better, here are a few good reasons to do so.

Every home is different
The location of your home is important, as is the property type. First-time buyer-type homes, for example, have been selling very well. But with all that said, your individual home stands for a lot too. Every home has its own personality and unique features that make it desirable to a buyer. And the chances are, if your home is in any way attractive to certain buyers, they will not be alone.

Demand for your home is strong
Buyer demand is 3% higher than it was in 2019.* It’s completely unfair to compare these figures to the unsustainable levels during the pandemic. But every cloud has a silver lining, and much of that rapidly gained equity will still be in your home. This means that if there is a crash, you are still in a good place.

Your situation is unique
The number of homeowners who own their homes outright in the UK stands at 35%, while the number of homeowners with mortgages stands at 30%.** If you are one of the majority that does not have a mortgage, you may be less apprehensive about making a move now in the face of fluctuating interest rates.

The long-term view looks good
In the long term, house prices increase, and if you are concerned about the short-term fluctuations in price, they will be absorbed by the long-term increase in the value of your home.

How much time have you invested in your property?
Many homeowners in the UK who buy a home will live in it for well over ten years. So, if you bought your home before the pandemic, you have a double layer of accumulated equity to fall back on. Many people are in this situation, and this, combined with good demand, sures up the property market.

Home movers are on holiday
With so many people enjoying their holidays at this time of year, the market may lose a bit of momentum. So often, these changes in price can come about because of seasonality. Now is a good time to get out and have a good look at the home you may want to move into. There is a lot of choice, and with the market being less frantic, you may have more flexibility when it’s time to make an offer.

Conclusion
So, what does this price change mean? Not a lot, and with years of equity, you are in a good place even if there is a sudden drop in prices. But as things stand, prices are steadily declining only slightly, which means you will not get caught out in the middle of your move. After all, you want to live in the home you want; you are not playing the stock exchange.

Contact us today to see how far your money could go towards buying your property dream

 
Rightmove*
English Housing Survey**



Abnalls Lane, Lichfield, WS13

The accommodation comprises impressive dining hall, two generous reception rooms, kitchen...

Offers Over £995,000

Click here to read Abnalls Lane, Lichfield, WS13.



Shute Hill, Chorley, WS13

Bill Tandy and Company, Burntwood, are pleased to present this outstanding individually...

OIEO £850,000

Click here to read Shute Hill, Chorley, WS13.



Haselour Lane, Harlaston, Tamworth, B79

Opportunity to purchase outstanding properties such as Haselour House are particularly rare, and this wonderful example of a gorgeous Georgian country home is a true delight.
 
£1,700,000

Click here to read Haselour Lane, Harlaston, Tamworth, B79.



Gaiafields Road, Lichfield, WS13

This stunning detached family home built in the circa 1930's by the renowned Lichfield builder J R Deacon stands in a most significant plot at the end of Gaiafields Road.
 
£950,000

Click here to read Gaiafields Road, Lichfield, WS13.



Why selling now could be your best move


As summer concludes and autumn approaches, homeowners have a final opportunity to finalise their move before the year ends. While each season brings its own set of advantages and challenges, there are compelling reasons why now might be the perfect moment to make your move. Let’s look at why now is a great time to sell your home and maximise your profits.

Sales agreed is high

All the evidence shows that the market has been very active in recent months, with Zoopla’s House Price Index showing that the number of new sales agreed increased by 8% between June 2023 and June 2024.*

This indicates a robust market, in which movers have plenty of confidence and are prepared to move quickly. When buyers are pro-active and already have the necessary finances in place, chains move faster and are less likely to break, reducing the likelihood of your move falling through.

Demand has also increased

As you may expect, with sales agreed being so high, demand also increased over the course of 12 months, with Zoopla showing an increase of 6%*. As confident buyers look to secure their dream move, sellers are able to find a buyer without having to wait for too long, speeding up the whole process.

A major benefit of high demand is that it often leads to competitive bidding, which can drive up the price of your property and increase the amount you receive. Additionally, having multiple potential buyers gives you the freedom to negotiate a completion date that suits you, allowing you to move quickly and take advantage of the busy market.

More homes are for sale

The number of homes for sale is a further indication of consumer confidence in the market, with an astonishing increase of 19%.* This gives the market a lot of variety in the types of properties available, allowing more people to find their dream home with less hassle.

With more properties on the market, you have greater scope to narrow down your search and find a property that perfectly matches your needs and preferences. Whether you're looking for a particular style, size, or location, the increased inventory makes it easier to find your dream home instead of settling for something that isn’t quite right for you.

House price overvalued

Zoopla estimates an 8% overvaluation in house prices,* indicating that properties are currently selling for more than their true value. While this may initially sound like a negative, it actually makes now a great time to move, as it gives sellers the perfect opportunity to sell at a higher price and release a larger amount of equity.

Selling in an overvalued market can provide you with the capital needed to move up the property ladder to a more desirable home or a better location. However, it's crucial to move quickly, as Zoopla anticipates the 8% overvalue to vanish by the year's end as house prices return to their true value by the end of 2024.*

 

Ready to make your move? Book a valuation today

Zoopla’s House Price Index*



5 reasons to search for a new rental property this autumn


As the leaves turn brown and the autumn air settles in, many people find themselves looking for a fresh start in a new home. Whether you're seeking a change of scenery, more space, or better amenities, autumn is an ideal time to search for a new rental property. Let’s look at five reasons why it’s the perfect season to find your next home.

Less competition

Autumn can be a less competitive time to find a rental property compared to the peak summer season. Many families prefer to move during the summer to align with the school calendar so, by autumn, there may be fewer renters searching for properties.

Because of this, landlords may be more willing to negotiate on tenancy agreement terms as they look to fill vacant properties. Additionally, there could be a wider selection of available properties than there would be during the summer rush.

Competitive rental prices

After the busy summer season ends, a decrease in rental demand can lead to an increase in the number of available properties. With an increased chance of vacancy periods, landlords are often more open to negotiations and may offer discounted rental rates. This means you can potentially find a great deal on your new rental property and save money in the process.

New beginnings

Autumn symbolises change and new beginnings, making it the perfect time to make a fresh start. Whether you’re starting a new job, moving to a new location, or simply seeking a change of scenery, autumn is the ideal time to embrace new opportunities and make positive changes in your life.

Updated amenities

Many landlords choose to renovate their rental properties in time for winter, making necessary updates and improvements to enhance comfort and safety. These updates may include servicing heating systems, improving insulation, making sure windows and doors are sealed, and ensuring all plumbing is prepared for a drop in temperatures.

Settled in time for Christmas

Finding a new rental property in autumn offers the perfect opportunity to settle into your new home just in time for the festive season. As well as giving yourself time to unpack and decorate your new home, moving in autumn gives you the chance to create a cosy and inviting space for Christmas family gatherings.

How an agent can help

A reputable letting agent can use their expertise to help you make your ideal move this autumn. Their in-depth knowledge of the local rental market allows them to understand seasonal changes and track levels of demand and supply to advise you on the best course of action.

An agent will help you schedule viewings of any properties that interest you before negotiating favourable tenancy agreement terms on your behalf. They will also be available to you throughout the duration of your tenancy for any assistance you may need.

 

Looking for a new home this autumn? Contact us today



Estate agent vs. Property auction: which property sale suits you?

 

When you're attempting to sell your home, before you even consider placing it on the market, you need to decide what your goals are. Do you want a quick sale? Or do you want a big return on investment? There are several ways you can sell your home, and they all come with different benefits, but which property sale suits you?

Different ways to sell your property

There are two main methods for placing your property on the market: selling it through an estate agent or at auction. 

Selling it through an estate agent gives you a higher chance of achieving a sale at a well-reflected price, as selling it at auction can result in a quick and simple sale, but it may also undervalue the property. The fees are slightly higher for selling your property through an auction compared to enlisting the help of an estate agent.

What are the benefits of selling by auction?

The buyer is required to pay a 10% deposit almost immediately, and the majority of properties at auction are 'chain-free', reducing the likelihood of the sale falling through.

Auctions can be a quick selling method: your home is marketed for 3–4 weeks to gain attention, and then the auction takes place, hopefully leading to a successful sale.

What are the benefits of selling with an estate agent?

Selling your home through an estate agent comes at a lower fee and a higher asking price for your home. This allows you to achieve the maximum amount of profit on your property, as they are able to pin down buyers who are willing to pay a well-reflected, reasonable price against the market.

Selling through an estate agent broadens the buyer pool, as many buyers tend to overlook auctions due to their perception of potential fixer-uppers or problematic properties.

So, which property sale suits you?

The key takeaway is that selling your property at an auction could give you a faster sale, while estate agents tend to deliver a higher selling price for a lower fee.

If you're not concerned about the time it will take for your property to sell and you're looking for the highest possible price, an estate agent is your best option. Overall, you are more likely to achieve a higher price when you sell through an estate agent.

 

Book your free, in-person accurate home valuation

 
 

 

 

 



Selling strategies to maximise profit in a busy market


Selling your home can be a daunting task, especially in a busy market where competition is fierce. You want to take advantage of how much your home’s value has appreciated over the years and make sure you get a fair price for it.

With smart strategies and an experienced agent, your home can stand out and maximise your profits. Here are some effective selling strategies and insights on how a trusted estate agent can help you achieve your goals.

Enhance kerb appeal

First impressions are crucial, so it’s important to make sure your home’s exterior looks tidy and attractive to potential buyers. A well-maintained entrance and tidy landscaping of the front garden help to create an inviting atmosphere to get valuations and viewings off on the right foot.

Stage your home

Staging your home can help potential buyers envision themselves living in the space. Removing clutter and excess furniture can make rooms appear larger and more inviting, allowing buyers to really get a sense of what they would do with the space, therefore increasing the chances of them making an offer.

Address repairs and upgrades

In order to avoid potential price disagreements, it's essential to address any necessary repairs and upgrades before putting your property on the market. Fixing leaks, damp, and interior damage is crucial to avoid discouraging potential buyers from making an offer, while installing energy-efficient appliances can help increase market value.

Understand market dynamics

To maximise profit in a busy market, it's crucial to understand the current market dynamics. With the assistance of a reputable agent, you should keep track of recent sales in your area, as well as supply and demand trends. This information can help you accurately value your property and determine the best time to sell.

Set the right price

An experienced agent with expertise in property valuation is critical to assessing your home's value and setting the right asking price. Pricing too high can deter potential buyers, while pricing too low could result in losing out on potential profit.

Effective marketing is key

In a busy market, effective marketing can make your property stand out among the competition. The right agent will know which platforms work best and will be able to create compelling listings that attract potential buyers. They will take high-quality, professional photos that best showcase your property.

Negotiate wisely

Once it’s finally time to negotiate with interested buyers, it's essential to do so wisely. This involves not just focusing on the price, but also considering the terms and conditions of the sale. Agents are skilled negotiators who can handle offers and counter-offers on your behalf, while also helping you navigate the terms of the sale to ensure you get the best possible deal.

 

Book a valuation today to discover how much you could get for your home



Man of the World - The Music of Peter GreenFriday 25 October 2024

An exciting project celebrating the life and music of Peter Green, founder of the original Fleetwood Mac...

Click here to read Man of the World - The Music of Peter GreenFriday 25 October 2024.



Edial, Burntwood

 
 
A stunning newly converted detached barn conversion home extending to some 2,900 square feet in a delightful rural fringe between Burntwood and Lichfield...
 
£1,200,000

Click here to read Edial, Burntwood.