Alexander James

27/08/2024

Thinking of selling? The recent Bank of England rate cut is sparking new buyer interest! Here's what that means for you:

1️⃣ Seasonal price dip – but competitive pricing attracts serious buyers
2️⃣ Buyer activity up 19% since August 1st
3️⃣ Confidence is growing – 5% more sellers in the market
4️⃣ Mortgage rates are improving, but still high
5️⃣ Positive market outlook – Rightmove now forecasts a 1% rise in prices for 2024

03/08/2024

HOW OVERVALUING CAN EFFECT THE SALE OF YOUR HOME 🏠

A UK home that takes over 100 days to sell (i.e., more than 100 days between coming on the market and agreeing on a sale), that home has only just over a 1 in 2 chance of then subsequently exchanging and completing (56% to be precise) with the remaining 44% of sales falling through.

Yet if the property's sale is agreed upon in under 25 days, the chance of exchanging and completing rises to nearly 19 out of 20 times (94%, to be precise), with the remaining 6% of sales falling through.

If this isn't a clear sign that overvaluing is ruining the chances of you selling - I don't know what is!

Raw Data

🏠Homes that sell in less than 25 days have a 94% chance of exchanging & completing & a 6% chance of falling through

🏠Homes that sell between 26 days and 50 days have an 87% chance of exchanging & completing & a 13% chance of falling through

🏠Homes that sell between 51 days and 75 days have a 78% chance of exchanging & completing & a 22% chance of falling through

🏠Homes that sell between 76 days and 100 days have a 74% chance of exchanging & completing & a 26% chance of falling through

🏠Homes that sell after 100 days have a 56% chance of exchanging & completing & a 44% chance of falling through.

*Data provided by TwentyEa*

31/07/2024

DID YOU KNOW...? 💭🏡

24/07/2024

Nationwide is the first lender to release a home loan below the 4% benchmark following recent weeks of downward repricing.

Rates had fallen below that level earlier this year before concerns emerged about how quickly inflation would drop.

With the cost of living measure now at the 2% target, lenders appear to be more confident, especially if the Bank of England cuts interest rates in the coming months.

Nationwide has dropped its five-year fixed rates, with the lowest now starting at 3.99% for a purchase.

More lenders will surely follow suit and could this start a price war amongst mortgage providers?

I'm interested to see what unfolds over the next few weeks leading up to the next time the Bank of England committee meet in August🤔

23/07/2024

For Sale
Swan Lane, TN8

Semi-detached, 3 Beds, 2 Baths
Offers over £525,000

A modern 3-bedroom semi-detached family home, located in a highly sought-after area, offers a blend of modern design and functional living space, perfect for contemporary family life. The property benefits from a spacious reception room, modern kitchen/diner, two bathrooms, a garden office, and off-street parking for two cars.

For more information please visit our website or contact us via:
📞| 01732 666 137
📩| [email protected]
🌍| www.alexander-jamesandco.co.uk

05/07/2024

When you have your home up for sale, time seems to stand still. You’re in limbo, caught between your old life, and your new one, with no way of knowing when you’ll be able to move on – both literally and emotionally.

As the weeks turn into months, and the viewings dry up, it’s easy to become despondent and dispirited. Especially when you see house after house in your area sell, even those that came to the market long after your house did.

If this sounds like you, then our 13 top tips to get you sold could help you finally get that sale you have been longing for.

Download our FREE 13 Top Tips today by clicking the link below.
https://drive.google.com/file/d/1n_7e_pLNH8nGCHPZuGH78QiNVXbZXBKi/view?usp=sharing

29/06/2024

🥳FETE DAY 🥳

Join us *today* for the Hever School Summer Fete 11.30 - 15.30 on the Hever Parish Field.

Every penny raised goes towards enriching the children's time at Hever School. It really does make a huge difference.

See you all at the Prosecco stand 🥂🍾 😃

08/06/2024

15/05/2024

Can you see yourself living here?

Frant Field - Edenbridge

3 Beds, 2 Receptions, 1 Bath
£550,000

This charming semi-detached family home is tucked away down a quiet road not far from the town centre, offering the perfect blend of comfort, convenience, and contemporary living. The property benefits from two reception rooms, a cloakroom, a spacious open-plan kitchen/diner, a utility room, three good-sized bedrooms, a garden with an external office, and off-street parking.

For more details or to arrange a viewing, please contact us. 📞

15/05/2024

Can your garden add value to your property? 🌷🪻

If you are thinking of selling, a good garden will attract busy bee buyers like blooming flowers. Inspiration is everywhere and improving or simply maintaining your outdoor spaces will contribute to its value.

To find out more, simply click on the link below:
https://www.alexander-jamesandco.co.uk/news/can-your-garden-add-value-to-your-property/