What is ‘gazumping’ and how do I avoid it?

If you’re looking for a new home, or are looking for your first home, then “gazumping” may be a term that you aren’t particularly familiar with. Essentially, gazumping is when you have had an offer accepted by a seller, and are in the midst of the buying process, when another buyer comes along and offers a higher price, effectively stealing (or gazumping) the sale.

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What are the top reasons for moving home?

With the weather getting warmer, property market activity tends to see a rise as many look to get the home move done and dusted before their holiday or before the kids have to go back to school.

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Nearly half of over 55s would downsize to fund lifestyle

With more people living longer and ageing with much better health than ever before, those aged 55 and over are playing a key part in the national economy. Recent research from SunLife has surveyed this age group and found that nearly half would sell up in order to fund a more jet-set lifestyle.

Recent data from the Office of National Statistics has shown that the proportion of those aged 65 and over will rise by 5% over the next thirty years, with greater economic contributions coming from this group as the years progress. For those currently 55 and over, SunLife questioned 1,000 homeowners with a big choice; if they had the option between staying in their family home but never holidaying away from the UK again, or downsizing and then using the cash for foreign holidays which would they choose?

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Welcome Jodie

Welcome to Jodie who has joined our busy Didsbury team as a Senior Negotiator.

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Furnished vs Unfurnished

I wanted to talk through one of the most commonly asked questions from my Landlords – “furnished or unfurnished?” Please watch my video on what my advice would be dependant on location as well as the target audience you want your property to appeal to.

It is most common in my experience, that places such as Manchester City centre would be attractive for students and post graduates however, with that said, we have our share of student life here in Didsbury as well as places such as Fallowfield. In these types of places, shared houses or apartments are the ‘go to’ and if I were to be asked the old age question in this instance – “Furnished or Unfurnished”, I would recommend furnished. This is because many students, post graduates and sharers would not be wanting to invest in their own furniture as well as accommodation so are looking for properties that are fully furnished and ready to move into straight away.

When we discuss family homes, my response would be to leave the property as unfurnished as possible – maybe apart from some white goods such as the fridge/freezer, washing machine etc. In my experience, when considering a family moving into a property, they have their own furniture that they would like to bring with them such as beds, sofa’s, children’s furniture etc. so therefore it would not be necessary for a Landlord to provide these items.

Lastly, I would always say…be FLEXIBLE. If you get a family wanting to move into your property who would like you to provide furnishings, then definitely consider this and provide, within your budget, the items that they desire. Likewise, if you get a couple who have just finished University wanting to move into an apartment that is furnished who have already been furniture shopping themselves, look at potentially removing or storing the furniture for their Tenure. Like with anything, it would looking at the pro’s and con’s to the situation but if you removing some furniture out of your property would get you Tenants moved in within a week, it could be worth your while!

For any questions such as this, or if you have your own specific situation you wish to discuss with me, please give me a call at the Didsbury office or pop in for a chat!

Thanks, Moharram.

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BUY – TO – LET OPPORTUNITY – ALMA ROAD

I went to Levenshulme today to take a look at this great buy-to-let opportunity on Alma Road. This three bedroom terrace property is currently on the market for £185,000 and would be ready to let straight away for around £800.00 per calendar month. This would get you an amazing yield of 5%.

The property is situated very close to local amenities as well as cafe’s and bars. This is a great opportunity to invest in this up and coming neighbourhood which is being branded the ‘new Chorlton’. Located south of the city, Levenshulme borders with the likes of Fallowfield, Longsight and Gorton, it is buzzing with trendy community hubs while still maintaining its uniqueness.

Thanks for watching and if you want any further information, please feel free to pop into our Didsbury office for a chat.

Thanks, Moharram.

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Welcome Iwona

Welcome to Iwona who has joined our busy Didsbury team as a Professional Viewer.

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DEEPER POCKETS – THE BANK OF MUM AND DAD

At £6.3 billion, the total value of lending in 2019 by the so-called ‘bank of Mum and Dad’ is set to be half a billion higher than in 2018, making it the UK’s 11th largest mortgage lender. 77% of lending is to home movers, not first-time buyers.

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Top tips for your bathroom

It’s been a long day at work and you’re a little stressed; what better than a relaxing, hot bath to unwind and loosen up? Bathrooms have become sanctuaries in our homes in recent years, with innovative design and outstanding comfort at the heart of all good bathrooms. If you’re thinking of updating your bathroom, then we have some handy hints and tips to help you create a space to relax in.

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parsonage garden party

The Didsbury Community are hosting a Garden Party in the Old Parsonage Gardens on Sunday 15th July which promises to be fun for all the family! The event is being held between 11:30am-4:30pm and is free to enter. There will be some tasty treats on offer including a great selection of Jams, Chutneys & Crumbles, and fun family activities for everyone to get involved in!

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