Tag: Gazumping
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Ditch Gazumping? Buyers and Sellers Back Pre-Sale Surveys
Hold ups in the property chain could be a thing of the past thanks to plans that would see buyers receive a full survey before making an offer. And 71% of property experts back the move! A recent survey of 200 experts from across the property industry – that’s lenders, brokers, surveyors and more –…
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From Auction to Empire – The Rise of a Property Mogul
Christina Dejonge’s journey from a lockdown pastime to establishing a successful buy-to-let business is a tale of determination and savvy investing. Starting with a derelict property she humorously describes as a “crack den,” she has since grown a robust portfolio of rental homes. The Telegraph showed how she did it and what you can learn…
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Property Fall-Throughs A £60m Headache for Estate Agents
The first quarter of 2024 has seen the UK housing market hit a stumbling block, with nearly one-third of all property sales not making it past the finish line. This trend is causing headaches for potential buyers and sellers and is also punching a hefty £60m hole in estate agents’ pockets annually. According to fresh…
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Cornwall’s Housing Market – The Tide Turns
Cornwall, the picturesque jewel of the UK’s southwestern coast, experienced a property market boom during the pandemic unlike any other. With homes fetching prices well above the asking rate amid a frenzy of buying activity, the region was a sellers’ paradise. However, recent shifts indicate a dramatic change, turning it into a market where buyers…
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Making Home Buying Simpler, MPs Tackle the Housing Puzzle
The Levelling Up, Housing, and Communities (LUHC) Committee has unveiled a fresh inquiry aimed at streamlining the housing transaction process in England. This initiative seeks to bring much-needed relief to millions caught in the often stressful web of acquiring or parting with a property. At the heart of this parliamentary probe lies a comprehensive review…
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Bag Your Dream Home at a UK Auction – A Beginner’s Guide
Purchasing a home through a UK property auction can be an exhilarating and rewarding experience, offering the chance to snag a property at a potentially lower price. But the process can seem daunting, especially to first-timers. Fear not, our comprehensive guide is here to walk you through the steps to make your auction purchase a…
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Homebuyers Resort to Bribes in Bid to Secure Dream Homes
A study by Yopa shows a staggering 25% of recent homebuyers have confessed to using bribes, ranging from cash to acts of kindness, in an attempt to win over sellers and clinch the deal on their dream property. This research sheds light on the lengths people are willing to go to in the competitive housing…
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Bag a Property Bargain at December Auctions!
As the festive season rolls in, the property market usually quiets down from the second week of December. Most are focused on the holidays, leaving room for keen buyers to snag a bargain. While the open market offers some opportunities, property auctions during this time could be an even more lucrative avenue for those seeking…
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Scotland vs England for Property Sales Collapses
The property market in the United Kingdom can vary dramatically in different areas and countries, particularly when comparing the stability of property sales in Scotland versus England. Recent data highlights a significant difference in the frequency of property sale collapses between these two regions. Scotland’s Lower Rate of Property Sale Collapses According to research from…
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UK Home Sellers Beware: The Rise of Gazundering in a Cooling Market
In recent times, the UK property market has witnessed a significant shift in dynamics, pivoting power from sellers to buyers. This change, stirred by cooling market conditions, has led to an unsettling trend for sellers: a sharp rise in “gazundering.” This phenomenon is causing waves of concern among homeowners ready to sell, as they find…