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03Apr

Why Is My House Not Selling?

 

4 Core Reasons Why You May be Struggling to Sell Your Property

 

As we have been discussing in recent months; the housing market has been moving away from a sellers’ market into a neutral market. Whilst this has given the buyer more choice, and posed some important considerations for sellers - our team at Castles have been working harder and smarter to get the best results for our customers.  

 

In this article, we’ll be exploring a few reasons why your house is not selling. Whether you’ve just listed it recently or it’s been on the market for a while, there are four core elements affecting the sale of your property.

 

In an ever-changing market, choosing the right estate agent has never been so important. Our professional, honest and reliable agents are on hand to provide advice and support to give your property the best chance of selling. If you’re asking yourself ‘why is my house not selling?’, it may be time to review your marketing strategy.

 

1.     Your Property

 

Have you been worried that your property itself may be the reason why you’re struggling to sell? At Castles Estate Agents, we truly believe there is a buyer for every home - so we can rule out this reason.

 

2.     The Market

 

As we have previously reviewed, the market has shifted to a more neutral market, and all our agents have been working harder and smarter for all our clients. Whilst this market shift may be tougher on sellers, we firmly believe (and have evidence to prove) that we’re in a market where the right property, marketed at the right price, by the right agent can and will sell.

 

This isn’t us advising you to sell your property for less than it’s worth - not at all. Understanding the property market will make all the difference when it comes to your marketing strategy, and this includes pricing. Find out more about how we’ve helped sellers succeed in these case studies.  

 

3.     Your Price

 

Whilst we wouldn’t be able to speculate on the current price of your property versus it’s true value, asking price will always have an important part to play in the sale of your home. If you’re unsure about your property value or asking price, get in touch with a member of our team for advice or to book a property valuation.

 

4.     The Agent

 

With the above factors having less of an impact on your house not selling at this stage, it’s important to look at how far your agent is going to sell your property. Whilst we’re not questioning your choice of agent or their performance, we have years of experience selling properties for home owners who have previously had agents that have run out of ideas.

 

Despite popular opinion, not all agents are the same, and listing your property online just won’t suffice when it comes to selling your property.

 

Our actions really do speak louder than words, and the team at Castles are proud to be part of a hardworking, traditional team that drive results.

 

For no obligation advice and information on your house not selling, get in touch with our friendly and experienced agents who are here to help get your property journey back on track. Call us today on 01793 61167 or email us at swindon@castlesproperty.co.uk

03Apr

A Short Guide to Letting a Property

 

Successfully letting a property requires a fair bit of planning and is becoming more popular throughout the UK. Before letting a property, it’s essential to understand your responsibilities as a landlord. In this short guide, we’ll be exploring some landlord basics to letting a property.


 

As a landlord, you’ll have certain responsibilities that must be legally fulfilled when letting a property. A summary of these are below:

 

·      You’ll need to have a legally binding tenancy agreement in writing

 

It’s essential to have this agreement in writing as oral arrangements can lead to difficulties down the line. A formal, written agreement allows you to add ‘clauses’ that protects you legally and regulates how the tenant uses the property. For example, having a ‘no smoking’ or ‘no pets’ clause.

 

·      If your tenant is to pay a deposit, you must use a tenancy deposit protection scheme

 

The deposit protection scheme safeguards the tenants deposit on the property, ensuring procedures are in place to sort out any problems at the end of the tenancy. All deposits must be placed into the authorised protection scheme within 30 days. Tenants must also be informed of how to apply for the release of the deposit along with other important information about disputing deposit payments.

 

·      You’re responsible for major (and structural) repairs

 

In accordance with the Landlord & Tenant Act 1985, section 11-17, all landlords must keep the structure and exterior of the property in repair. The includes flooring, walls, the roof and windows. The same goes for any repairs to plumbing, heaters, electrics and gas.

 

·      Organise and pay for safety checks on all gas installations & appliances - annually

 

All safety checks on appliances need to be carried out every 12 months, with the necessary repairs paid for on any unsafe appliances. All gas checks must be carried out by a person on the Gas Safe Register. All this data must be recorded and a copy provided to your tenant(s).

 

As an estate agents with experience in lettings, we also recommend creating a detailed inventory prior to tenants moving in. The ‘inventory’ is a comprehensive list of furniture, contents and fixtures in the property. This should be accompanied by a description of the item, including its age and condition. Inventories should be checked and signed by all parties.

 

The above responsibilities are essential & legally binding requirements that must be carried out before allowing tenants in your property. There are additional considerations when letting a property such as fire safety, potential health and safety inspections and basic financial responsibilities.

 

For more information on presenting your property to let please visit our landlords guide.

 

Letting a property successfully

 

Letting a property is by no means an easy task, and you should never underestimate the amount of work involved. Most landlords will hand over the responsibility of finding tenants to a professional and reliable estate agent. This removes any long-winded negotiations with potential tenants as well as managing potentially hundreds of property viewings.

 

At Castles Estate Agents, we work alongside hundreds of landlords to help them find tenants and maximise their potential rental income. Our letting agents will be able to successfully advertise your property to thousands of potential tenants who are looking to rent a property in Swindon.

 

Our knowledge of the local market allows us to identify and target the type of tenants who will be interested in your property. For advice and guidance on letting a property, or to speak with one of our letting agents, call us today on 01793 61167.  

19Feb

Leading independent estate agent Castles Residential Sales & Lettings has started the new year by announcing the appointment of two senior members of staff, expanding the ever-growing team after turning 15 last July and winning a host of awards.

Award-winning Castles are delighted to appoint a new lettings manager, Steven Harrington, as well as the promotion of Katie Page to senior lettings consultant. Steven will oversee the whole lettings team, bringing a wealth of experience to the business, while Katie will celebrate two years at the business by taking on more responsibility in the lettings department.

The appointments are part of a period of growth and success for Castles, winning a host of awards including the Wiltshire Small Business of the Year award in 2007, The Relocation Agent Network’s Best Agent regional award for Wiltshire in 2011 and 2012, and two allAgents Awards in 2015. Regarded as the best estate agent in Swindon, Castles are also ranked 79th in the country out of over 15,000 estate agents.

Mark Noble, managing director of Castles Residential Sales & Lettings, said: "I'd like to welcome Steven into his new position, and congratulate Katie on her excellent work that has led to her promotion. Castles are in an exciting period of expansion, and it's great to add new skills and expertise to our team, so we can maintain and expand the excellent customer service we're known for.

"I wish them every success in their new roles, and I'm confident that we can do exciting things in the sales and letting market with their help.

New lettings manager Steven enters the business with over 30 years of experience in estate agency, bringing specialist knowledge in sales and lettings as well as a passion for customer service. As well as spending time with his family, Steven enjoys practicing martial arts outside work.

Katie has been with Castles for two years and having become a trusted and valued member of the Castles team, she has been rewarded with more responsibility within the business. Her hard work and dedication has been an asset to the business, and Castles hopes to develop her confidence and knowledge even further.

12Feb

Launch of Castles Conveyancing

 

Castles Conveyancing are pleased to announce the launch of their brand new efficient conveyancing service, designed to speed up the buying process.

 

Having noticed that sale processes are taking longer and longer, much to the frustration of buyers, the team are eager to speed up the process and get people settled into their new homes quicker. 

The Castles Conveyancing team are looking forward to supporting house buyers. Mark Noble, managing director of Castles Conveyancing, said: "
Launched in November 2017, Castles Conveyancing has already had a fantastic start with a large number of vendors bringing their homes to the market in November and December. They choose to instruct Castles Conveyancing to start the process right from the get go with no cost to themselves and with the knowledge that when a buyer is found, they are already ahead of the game.”

 

Mark goes on to say “A high percentage of buyers in the same period have also put their faith in the new service and once again, right from the start, they are encouraged to speed up the process by ordering their local searches on day one. By purchasing a search pack, if anything goes wrong on the first purchase, the second set of searches on a subsequent purchase is free of charge.”

 

The time between sale and exchange has elongated from 8 to 12 weeks to 12 to 16 weeks in large numbers of cases. The new service will encourage people to instruct solicitors quicker.

Castles Conveyancing is a service that vendors and buyers can use to help them through the sale or buying process. The service is no move no fees for either party or buyers (excluding disbursements).

 

Vendors can sign up at the instruction stage, and Castles Conveyancing will get moving on the paperwork straight away, avoiding unnecessary delays. This includes lists of fixtures and fittings as well as property information forms. Castles Conveyancing helps vendors get ready to send this essential paperwork out. Reducing time wasted on getting this simple paperwork together can be a real asset in speeding up the wholesale process. 

Recent interest rates rises mean it could be a great time for many buyers to look to move and fix their mortgage at a rate that could otherwise continue to increase.

 

The recent budget announcement to scrap stamp duty for first time buyers will only increase the demand for this service.

 

For buyers thinking about moving, Castles Conveyancing is able to help, as they can offer quotes at second viewing stage and buyers who have chosen a property are asked to pay for searches on the day a sale is agreed in order to save time.

Castles Conveyancing pride themselves on high-quality service and hope to speed up the timetable for buying and selling property. The service is offered no move no fee to both vendor and purchaser. There will be no costs, for example, for instructing solicitors and filling out forms, although disbursements will still be charged. The fees that are quoted are fixed charges with no hidden extras.

The team at Castles Conveyancing are ready and waiting to help you make your move. Get in contact today to see how they can help you to move faster.

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