If you’re planning to sell your property, the first question that you’ll inevitably ask is how much it’s worth. Your home may be invaluable to you and your loved ones, but it’s also got a market value.
But how is a property valued? Is there a magic formula? How does an agent decide its worth? And why might your property be valued less than the house two doors down?
In this quick read, we look at different factors that affect the value of your property.
The important thing to remember is that estate agents live and breathe house prices. You might think they’ve plucked a number out of thin air (especially if you don’t agree with their figure) but there’s a lot they consider before pricing your home.
As a landlord, you might have invested in property for additional income; maybe it’s a way to save for your future, or perhaps you’re an accidental landlord and had to rent your property out due to a change in circumstances.
Whatever the reason, it’s a safe bet that you want to make a good return on your investment.
But while you’re happy to use a letting agent to find tenants, when it comes down to it, you just can’t bring yourself to pay them to manage the property for you.
This might just be one of your biggest mistakes.
In this quick read, we look at why paying for property management might be the best decision for your pocket (and sanity).
So, you’re selling your home. You’re looking for the highest price and crossing your fingers for a smooth sale. But is the greatest offer always the best choice?
Well, we wouldn’t be writing this if the answer was yes. Unfortunately, the biggest offer won’t always be the best and there are many reasons why.
It’s not about selling your home for less than it’s worth, but it is about looking at the bigger picture. Is the buyer with the highest offer ready to buy? Can they move quickly enough to meet your timescale?
Remember, the highest offer means absolutely nothing if the sale falls through.
In this quick read, we look at reasons why the highest offer isn’t always the best, and why you should analyse all offers before making a decision.
A property portfolio is a great way to generate income and build yourself a tidy retirement nest egg. But there’s more to it than shaking hands with new tenants and waiting for the rent to roll in.
You need robust systems and a professional attitude to protect your investment and ensure you don’t wind up out of pocket or on the wrong side of the law.
To find out what it takes to manage several rental properties, read our guide, the Five Rs of Making the Most of Your Property Portfolio.
