Banner

Knowledge Hub

Details
Hits: 1042

Perhaps it's because Homes Under the Hammer has become our guilty pleasure in lockdown, or that more of us are hoping to make a quick buck in hard times. Whatever the reason, the proportion of homes being flipped - sold twice within a year - is at its highest level for twelve years.

Flipping a home is a relatively speedy way to earn cash, perhaps by making improvements to a fixer upper, like the ones often featured on the BBC daytime show and putting it back on the market.

And the earnings aren't to be sniffed at. Hamptons International said that the average profit is £40,995. The estate agency said that so far this year2.5 per cent of homes sold in England and Wales have been flipped, which could equate to 23,000 transactions by the end of 2020.

It is the highest proportion of transactions being flipped since 2008 - the year of the financial crisis - when 3.3 per cent of properties were flipped. Burnley in Lancashire was named the flipping capital of England and Wales for the sixth year running. Hamptons estimated that nearly one in ten homes sold there are flipped.

The North East and North West see high proportions of homes flipped because of lower house prices, Hamptons added. Aneisha Beverage, the estate agency's head of research, said: 'Flippers play an important role in the housing market by improving housing stock and taking on projects other buyers often won't touch.'

Details
Hits: 1057

It's that time of year again when temperatures start to take a tumble. To make sure you stay safe and warm, have a look at our checklist below.

1  Check your boiler insurance. A new boiler can cost upwards of £3000 and some home insurance policies will include Home Emergency cover but others will require you to buy it as an add on. These usually provide cover for boiler breakdowns.

2  Get your boiler serviced annually. Some cover will include a free service each year, and most insurers will not pay out if the breakdown is due to 'wear and tear'.

3 Lag cold pipes - this should stop them freezing and avoids blockages.

4 Make sure your guttering is clear of debris. This prevents damp from getting into the walls which can cause damage.

5 Going away over the festive period? Selling an empty property? Set your heating to come on for an hour or so each day to stop the pipes freezing.

Details
Hits: 1008

Homes are spending more than eight months on the market on average before being sold amid Covid. They also need eighteen viewings before they sell.

1 per cent of vendors fear catching Covid while showing buyers around, the poll by Atomik Research and home buying service Spring found. In February 2019, Zoopla estimated homes took an average of 50 days to sell.

Details
Hits: 992

UK house prices are 6.5per cent higher than a year ago - the sharpest rise for nearly six years the Nationwide has said.

The acceleration came as the housing market remained robust despite the economic effects of the pandemic, the lender added. House prices were 0.9 per cent higher in November than in October, with the average property valued at £229,721, the Nationwide said.

That is the fourth month in a row that house prices have set a new record. Prices have been climbing thanks to strong demand post lockdown coupled with the Chancellor's stamp duty holiday.

Details
Hits: 1010

A post-lock down stampede for home loans has seen Britain's lenders approve the most mortgages since 2007. Bank of England data showed that mortgage approvals for house purchases hit 97,532 in October, up from 92,091 in September and higher than all forecasts.

Analysts called the rush for mortgages a 'stampede'. The figure was about ten times higher than the trough of 9,400 in May.

The housing market has gone in to top gear due to the stamp duty holiday and a high demand for bigger properties post lockdown.

  1. MORTGAGE MAYHEM
  2. PM'S NEW 95% LTV MORTGAGES
  3. FIRST TIME BUYER HOME LOAN BOOST
  4. NEW POWER OF ATTORNEY SERVICE

Why Sell Your Home With Fox Estate Agents?

  • Fox Estate Agents have won multiple awards based on extremely high standards of Customer Service.
  • Chris Fox FNAEA has over forty years experience and is backed by a highly experienced, dedicated team.
  • You will have a personal Sales Progressor overseeing your transaction.
  • Fox Estate Agents is an NAEA Propertymark member firm and are also members of The Property Ombudsman Scheme.
  • Our Terms of Business are, No Sale, No Fee and we are here to assist you seven days a week.

Request a Valuation

Dartford Business Award

Customer Reviews

  • We are 100% satisfied and cannot recommend Fox Estates strongly enough. The team were extremely professional, friendly, and approachable from the minute we asked for a valuation right until completion. Their knowledge of the local area was spot on and made the difference on the sale of our house. We are grateful to Chris in particular for his attention to detail, responsiveness to emails and a willing pro-activeness to help keep things moving. I would not hesitate in recommending Fox Estates to my friends and family..

  • Chris Fox put my house on the market on June 13th and advised me to have an open house. 26 people viewed the property and I had 6 really good offers. By 3rd of August we had completed!Chris guided me through the sale with professionalism, integrity, friendliness and his extensive knowledge which can only come from spending 35 years doing a job he is still clearly passionate about.

  • Chris is very efficient and professional at all times. He made the sale of our property effortless and acted beyond the call of duty on our behalf.

  • During my career I have come across many estate agents and Chris really is a true professional, with the highest standards of integrity and professionalism I have seen. As well as having referred him to my own clients and had excellent feedback, I have personally used Chris to sell my property and I have been extremely impressed, and would recommend him to everyone.

  • I instructed Chris to sell my house and when he found a buyer the sale went through in just over 6 weeks. His service was excellent and I would recommended him to anyone. A few months later my mum instructed him to sell her house and again he found a buyer and the sale progressed to completion without a problem. Chris is very knowledgeable and professional and he will give you a very helpful, friendly and attentive service. If you are thinking about buying or selling I would suggest you give him a call

  • I employed Chris Fox to sell my parents home when my mother died last year. He handled the sales with professionalism and respect for my family. He was very eager to secure the right sale and was tenacious on our behalf. He kept us fully informed of all developments during the sale and achieved a very good outcome on our behalf. I would recommend Chris Fox wholeheartedly.

  • AFTER 4 MONTHS OF AGGROVATION WITH ANOTHER ESTATE AGENT I APPROACHED CHRIS ABOUT 2 MONTHS BACK, I EXPLAINED THAT I HATED ESTATE AGENTS, CHRIS HAS GONE A LONG WAY TO REPAIRING THAT IMAGE HAVING DONE A SPLENDID JOB IN SELLING MY HOUSE WITHIN 3 DAYS THE WHOLE PROCESS TOOK 6 WEEKS TO THE POINT I HAD MOVED EXCELLENT ATTITUDE AND A TRUE PROFESSIONAL

Read Our Google Reviews