Once upon a time, reducing the price of your property was considered a terrible thing to do. It made you look desperate, and buyers could take advantage of your desperation and make ridiculously low offers. But, as we head into a changing property market, is that still the case?

Many years ago, it was thought to be terrible to have to reduce the price of your property. What would people think? No one wanted to buy your home; there must be something wrong with it! It would seem like desperation, and you would have no chance of getting a decent offer as buyers would zero in on your need for a sale and offer eye-wateringly low prices. If you were, in fact, desperate for a sale, you would be left with no choice but to accept these offers, selling your home for less than you had hoped for. They would have you over a barrel, and you’d have to accept defeat.

But is that still the case today?

No, not really. Since the last recession in 2008, thoughts about price reductions on properties have relaxed considerably. The property market changes quickly, so getting everything right from the outset is almost impossible. Deciding on a marketing price for a property is an estimate; there is no concrete guidance and no crystal ball, simply an estimate of what the seller and agent think they can sell the property for. Adjustments have to be made sometimes, and with the introduction of technology, a price reduction can actually have a positive impact on your sale.

It’s no longer taboo and will not bring negative thoughts about the property. Buyers may notice that the price has dropped, but they don’t see that as a bad thing; rather that you are serious about selling, but the first thought is not that you are desperate.

Perhaps it’s because we are used to the High Street shops always offering sales, shopping at designer outlets that clearly identify the RRP on the tag and the discounted outlet price. We don’t like the clothes any less or decide not to buy them because no one else purchased the items from the high street shop; we simply take it for what it is, something you like and want to buy at a lower price than its total value.

Maybe this readjustment of our buyer psychology works the same way for property. We don’t look at a property that has corrected its pricing and assume it is bad or the sellers are desperate. We simply consider it to be a discount, a bargain. And this can encourage a buyer that is on the fence to jump in with an offer when perhaps they might not have done otherwise. It could be the gentle nudge that they needed.

Reducing your price, if necessary, can be a great thing and could be the way to clinch the deal.

1. Reinvigorating the property’s marketing and promotion, allowing mailouts and matches with buyers again, like bumping a post on social media.

2. Introduces the property to a new price bracket, with new buyers searching within it. These buyers may not even know your property is for sale as it might have been out of their budget.

3. Buyers who saw the property at the old pricing will know that you’ve reduced the price, which might now align with their opinion of the value.

A price reduction can be the key to securing a sale, particularly if you’ve been on the market for a few months without success and have tried everything else.

If you’re trying to sell your home and are struggling to get viewings, contact our property experts for a review of your marketing and advice on finally getting those offers rolling in.

Our exclusive drone photography and video service is designed to showcase your property like never before.

Selling your home is an important milestone, and we understand the significance of making a lasting impression on potential buyers.

Renting out a property can be a lucrative venture, but it’s not without its challenges. Landlords must navigate a complex web of regulations and responsibilities, and even the smallest mistake can have serious consequences…

To help you avoid these pitfalls, we’ve compiled a list of the 20 most common mistakes landlords made when renting a property:

1. Not having a clear understanding of their management package and the specific services provided by their agent.
   Some landlords only hire agents for finding tenants, assuming they will also perform other vital tasks, like property inspections.
2. Forgetting to provide a UK service address on the AST (Assured Shorthold Tenancy).
3. Not referencing the tenant and doing a background check on them
4. Not taking out Rent and Legal Protection Insurance.
5. Not knowing how to increase the rent amount and how much notice to provide
6. Renting to friends and family.
7. Not providing a written tenancy agreement.
8. Protecting the deposit too late or not at all.
9. Not keeping a record of documents.
10. Not carrying out regular inspections.
11. Not providing the correct prescribed information (and terms and conditions).
12. Being unaware of licensing areas.
13. Not keeping track of rental payments.
14. Accepting cash for rent.
15. Forgetting to ensure a break clause is in an AST (Assured Shorthold Tenancy).
16. Not doing enough research on the agent before choosing the right one.
17. Buying the property with a tenant in situ and not getting all the documents and information.
18. Letting rent arrears escalate and build up for months on end.
19. Not ensuring agreements are signed by both parties.
20. Poor communication with tenant and not letting the tenant know how to contact you/the agent in the event of an emergency.

Don’t make the same mistakes!  Contact our team for more expert advice.

Here’s to successful property rental.

We’re now in a much steadier housing market than we have seen in recent years, transaction levels and activity has settled comparable to 2019 – which preceded the pandemic, stamp duty holiday and unprecedented external factors which led to the buying and selling frenzy of the last couple of years.

We have seen plenty of activity at the lower end of the market and are now advising a good number of sellers at the higher price ranges as they look to downsize and release equity, properties priced correctly and quality homes are still selling quickly and those who choose to sit and wait for the right property to come along are still in danger of missing out.

At Perry Bishop we have a solution – low key marketing – we prepare particulars along with photography and bring your property to the market on a discreet low key basis. Only those buyers willing to wait for you and give you time to find an onward purchase are notified.

We may not always erect a For Sale sign or advertise your property on the portals, ensuring that we control the pace and method of marketing –  carefully selecting the right buyers from our database that most importantly will give you time to find a suitable property to move to. When your suitable onward move is found, you have the advantage of having a buyer in place, meaning that you can secure that property as your next home.

In the unlikely event of us not finding a buyer or agreeing a sale through low key marketing, we will have property brochure ready to market your property in the usual way to the whole market – online and offline – to secure a sale for you quickly.

Many of our clients have found this an excellent way to start their marketing and indeed have actually moved on this basis. In addition, clients that have chosen low-key marketing know that our fees are only payable upon completion – should for any reason a suitable property not become available no fees are payable.*

Ensure you’re in the best position when the right property does come along.  To find out more about this innovative and unique approach to marketing your home, please speak to your local Perry Bishop office.

Whatever stage you are at in your moving house journey, even if you’re only thinking about a move, we look forward to hearing from you. Book your appointment now for expert property advice and an up-to-date valuation.

With the arrival of summer, it’s time to revamp your garden and create a vibrant outdoor oasis without breaking the bank. In this article, we will explore ingenious ways to make your garden look beautiful with limited or no expenses. From budget-friendly garden hacks to essential summer garden elements, we’ve got you covered.

How can I make my garden look nice with no money? 

Utilise recyclables for decorative accents: Look around your home for items that can be repurposed as charming garden decorations. Old tin cans can become vibrant flower pots, while wine bottles can be transformed into stunning garden borders. Reusing and upcycling not only adds a personal touch to your garden but also reduces waste.

Implement a container garden: Container gardening is an excellent way to enhance your garden aesthetics without spending a penny. Utilize old buckets, broken pots, or unused containers to grow colourful flowers, herbs, or vegetables. Place them strategically to create focal points and add visual interest to your garden.

Propagate Ppants from cuttings: Expanding your garden doesn’t have to cost a fortune. Take advantage of plants that can be propagated from cuttings. Many popular plants, such as succulents, herbs, and certain flowering plants, can be easily propagated using stem or leaf cuttings. Share cuttings with friends and neighbours to diversify your garden at no cost.

What do you put in a Summer garden? 

Embrace blooming beauties: Summer gardens thrive on vibrant, blooming flowers. Choose a variety of annuals and perennials that bloom during the summer months. Popular choices include marigolds, petunias, geraniums, and sunflowers. These colourful blooms will not only brighten up your garden but also attract beneficial pollinators.

Include lush greenery: Incorporating foliage adds texture and depth to your summer garden. Opt for plants with different leaf shapes, sizes, and shades of green to create a visually appealing landscape. Plants like ferns, hostas, and ornamental grasses provide an excellent backdrop for flowering plants and can thrive in various lighting conditions.

Create a refreshing oasis: Add a touch of serenity to your summer garden with a water feature. Consider installing a small pond, birdbath, or even a DIY fountain using recycled materials. The gentle sound of trickling water creates a calming atmosphere and attracts birds and beneficial insects.

Transform your outdoor space if you’re planning to sell a property

Enhance Kerb Appeal: If you plan to sell your property, a well-maintained garden can significantly increase its appeal. Trim overgrown bushes, mow the lawn, and weed the flower beds. Adding fresh mulch can instantly refresh the appearance of your garden. A beautiful garden can be a major selling point for potential buyers.

Stage outdoor living areas: Create inviting outdoor living spaces that showcase the potential of your garden. Arrange comfortable seating areas with weather-resistant furniture strategically placed to highlight different features of your garden. This allows potential buyers to envision themselves enjoying the outdoor space.

Transforming your summer garden into a captivating retreat doesn’t have to be an expensive endeavour. By implementing the creative ideas and expert tips here, you can revitalize your garden without spending a fortune. Embrace the beauty of recycled materials, propagate plants from cuttings, and incorporate colourful blooms and lush greenery to create a stunning summer garden. Whether you’re looking to enhance your outdoor oasis or increase the appeal of your property before you instruct an estate agent, these budget-friendly ideas will help you achieve remarkable results.

Remember, a beautiful garden is just a few creative steps away, and we’re looking forward to seeing it when we value your home! To set the wheels in motion click here and book your valuation today.

Renting out your property in the Cotswolds and the Vale of the White Horse can be a lucrative venture, providing you with a steady income stream. However, navigating the process can seem daunting, especially for first-time landlords. In this guide, we will walk you through the essential steps and rules for renting out a property in the UK, answering common questions such as “Can I rent my own property out?” and “What do I need to let out a property?” So let’s dive in!

Can I Rent My Own Property Out?

If you’re a homeowner in the UK, you have the right to rent out your property subject to certain conditions and legal requirements. Whether you own a house, apartment, or even just a room in your home, you can explore the rental market to generate income. However, it’s essential to check if your mortgage agreement or lease allows for subletting. Some agreements may have specific clauses that restrict or regulate renting out the property. Consulting with your mortgage lender can help clarify any restrictions or obtain permission.

What Do I Need to Let Out a Property?

Before you start renting out your property, there are several key steps you need to take:

Prepare the Property: Ensure that your property is in good condition and meets health and safety requirements. Conduct any necessary repairs, clean thoroughly, and consider staging it attractively to maximize its appeal to potential tenants.

Landlord Insurance: It’s crucial to obtain adequate landlord insurance to protect your investment. Regular home insurance may not cover all the risks associated with renting out a property, so research and select a suitable policy that covers rental activities.

Safety Certificates: As a landlord, you must prioritize the safety of your tenants. Obtain gas safety and electrical certificates from qualified professionals, ensuring compliance with legal standards. Additionally, installing smoke alarms and carbon monoxide detectors is mandatory.

Energy Performance Certificate (EPC): Before advertising your property, obtain an EPC. This certificate rates the energy efficiency of your property and is legally required. It provides potential tenants with information about energy costs and helps them make informed decisions.

What Are the Rules for Renting Out a House?

As a landlord in the UK, it’s vital to familiarize yourself with the rules and regulations governing the rental sector. Here are some key aspects to consider:

Tenancy Agreement: Use an assured shorthold tenancy agreement (AST) to establish the terms and conditions of the tenancy. This legally binding document outlines rent details, tenancy duration, and responsibilities of both parties.

Right to Rent Checks: Before renting to a tenant, conduct necessary checks to verify their immigration status. This is a legal requirement to ensure compliance with immigration laws.

Deposit Protection: Landlords must protect tenants’ deposits using a government-approved tenancy deposit protection scheme. This ensures that deposits are safeguarded and can be reclaimed fairly at the end of the tenancy.

Repairs and Maintenance: Landlords are responsible for maintaining the property and ensuring necessary repairs are carried out promptly. Regular inspections can help identify maintenance issues early on.

Renting out your property in the UK can be a rewarding venture, but it’s essential to approach it with knowledge and preparation. By following the steps outlined in this guide and familiarizing yourself with the rules and regulations, you can embark on your journey as a successful landlord.

For further assistance or to discuss your specific requirements, feel free to contact our experienced lettings team.

Remember, becoming a landlord is a significant responsibility, but with the right information and guidance, you can navigate the  rental market with confidence!  Download our helpful “Guide” today.

You never get a second first chance!

When selling a property everyone knows that first impressions matter. Potential buyers often make quick judgments based on a home’s exterior appearance, so a well-maintained and visually appealing frontage will significantly impact a buyer’s perception of a property and even influence their willingness to pay a higher price.

As a homeowner looking to sell your property, understanding the importance of kerb appeal and how to enhance it will give you a competitive edge!

Here, we explore some simple yet impactful enhancements that can help maximise its kerb appeal:

1. Spruce up the Front Entrance of your home

The front entrance is a home’s exterior focal point, but how do you stage a house entrance? Start by ensuring the front door is in good condition! A simple wipe down or a fresh coat of paint or stain can instantly revive its appearance. Add decorative elements such as a stylish doorknob or a wreath to create an inviting atmosphere. Pay attention to the pathway leading to the entrance, repair cracks, and remove weeds.

2. Improve your Landscaping

Taking care of your property’s landscaping will considerably impact its overall charm and attractiveness so you may ask, ‘how do I design landscaping around my house?’ First, focus on tidying up overgrown bushes or trees and removing dead or unattractive plants. Define your flower beds with edging and fresh mulch for a more polished appearance. And, of course, don’t forget the importance of a well-groomed lawn. Regular mowing and proper maintenance are crucial for a neat and inviting look.

3. Upgrade exterior lighting

Correct lighting can transform your property, so update outdated light fixtures adding safety and beauty to your surroundings. Consider strategically installing outdoor lights to accentuate architectural details and illuminate pathways. With well-thought-out lighting, your property will exude a warm and inviting ambience, especially during evening viewings.

4. Revive the exterior paintwork

Does exterior paint increase home value? Yes! A fresh coat of paint can work wonders in transforming the look of a property. Evaluate the condition of the exterior walls, window frames, and doors and choose a colour scheme that complements the style of the property and its surroundings. Always opt for neutral tones to attract a broader range of potential buyers. Finally, ensure that the paintwork is done correctly, as quality craftsmanship will enhance the overall appeal of your property.

5. Clean and repair your property

Regular cleaning and maintenance are essential to keep a property looking its best. Consider pressure washing the exterior walls, pathways, and driveways to remove dirt, grime, and stains. Clean windows inside and out and repair any visible cracks, loose handles, or damaged gutters. A well-maintained property exterior demonstrates care by the current owners, giving buyers confidence in its overall condition.

Improving kerb appeal is crucial to making a positive first impression

As your local estate agent, we always recommend upgrading the external appearance of your property to make it more visually appealing, doing so will significantly increase its marketability and attractiveness to potential buyers.

When a property has an attractive and well-maintained exterior, it creates a sense of desirability and makes a positive statement about the overall condition of the property. Ultimately, improving the external appearance will significantly impact the success of selling or renting your property.

Thinking Of Selling Your Property?

If you’re ready to sell your property, our experienced team at Perry Bishop are on hand to offer you advice and support. Get in touch with us today and let us help you find the right buyer.

Selling your property can be daunting, especially if you are unsure about the process or what to expect. As an experienced estate agent, we understand that you may have many questions about selling your home. That’s why we’ve put together this Q&A covering some of the most common questions we receive from homeowners like you!

Q: How long does it take to sell a property in the Cotswolds and the Vale of the White Horse?
A: The time it takes to sell your property in the Cotswolds and the Vale of the White Horse can vary depending on a variety of factors, such as the condition of your property, the local property market, and the asking price. On average, properties in the Cotswolds and the Vale of the White Horse can take 3-6 months to sell. However, this can be shorter or longer, depending on the specific circumstances of your sale.

Q: How can I prepare my property for sale?
A: Preparing your property for sale is an essential step in the selling process. Here are some tips to help you get started:

• Declutter and depersonalise your property to make it look more spacious and neutral.
• Make any necessary repairs or upgrades to your property to increase its value and appeal.
• Clean your property thoroughly, including carpets, curtains, and windows.
• Stage your property to showcase its best features and create an inviting atmosphere.

Q: How do I price my property correctly?
A: Pricing your property correctly is essential to attracting potential buyers and selling your property quickly. Here are some factors to consider:

• The current state of the local property market.
• The condition and features of your property.
• The location of your property and its proximity to amenities.
• The asking prices of similar properties in your area.

We can help you determine the right price for your property based on these factors and more.

Q: Do I need an estate agent to sell my property?
A: While it is possible to sell your property without the help of an estate agent, it can be a challenging and time-consuming process.  We can help you with every step of the selling process, from pricing your property correctly to marketing it to potential buyers and progressing the sale through to completion. We can also provide expert advice and support throughout the process to ensure a successful sale.

Q: What are the costs associated with selling a property?
A: There are several costs associated with selling a property including:

• Estate agent fees: Typically, estate agents charge a percentage of the sale price as their fee. This will vary depending on the estate agent and the services provided.
• Conveyancing fees: These are the legal fees associated with transferring ownership of your property to the buyer.
• Removal costs: If you are moving to a new property, you may need to hire a removal company to transport your belongings.
• Property improvements: If you need to make any repairs or upgrades to your property before selling, these costs will need to be considered.

We can help you understand the costs associated with selling your property and provide a breakdown of any fees or expenses you may incur.

Conclusion
We hope this Q&A list has helped answer some of your questions about selling your property.  We would be happy to provide you with expert advice and support to help you sell your property.  Contact one of our experienced team to start your selling journey and achieve the best price for your property.