The Department of Housing, Communities and Local Government has announced it will trial the reservation agreement concept in two areas next year with buyers obliged to pay around £500 to £1000 min none refundable deposits.
This comes alongside the news that buyers and sellers simply changing their mind is by far and away the #1 reason house sales fall through.
Anything that strengthens the commitment of buyers and sellers as well as focusing peoples minds on the commitment that they are making can only be a good thing.
Watch this space for updates on how the trials progress.
We are delighted to be marketing two brand new Passivhaus properties, currently under construction in Hickling. These exciting eco properties, are designed to be good for the environment and extremely efficient to run. There is much interest in the development and it has just been featured with an article in the Eastern Daily Press and Great Yarmouth Mercury by Caroline Culot, the Business and Property editor:-
Woman who said 'not in my back yard' to new homes builds her own instead
When architect Fran Bradshaw and her partner Georg Herrmann heard about plans to build new houses next to her home she decided to take nimbyism to a whole new level.
Fran, who lives in The Green, Hickling, wanted to design houses which enhanced the village and helped the environment.
So she bought the plot herself and designed two 'Passivhaus' energy-efficient homes which are currently being built.
Fran - a partner with a London architecture firm - is no stranger to a battle as five years ago she had to fight to get the plot and the type of house built to live in herself. She won and built her thatched passivhaus which combines traditional styles and cutting-edge technology.
"A developer put in a planning application for houses which, in my opinion, were horrible and price maximising and I was cross about it," she said. "I thought 'was that really what people wanted?' So I matched the offer to buy the plot and have designed two semi-detached houses.
"The houses will have rendered walls and pantiled roofs, are L-shaped, each with three double bedrooms, around 11,000 sqft of accommodation and outside, will have parking and gardens."
The houses will use sheep's wool and old newspapers as part of the insulation and the entire structures, which come from Poland, have each piece numbered so they are assembled like a big jigsaw puzzle.
Just like the award-winning passivhaus homes in Goldsmith Street, Norwich, the properties offer huge savings on energy bills for the occupants with the technology used keeping the buildings cool in summer and warm in winter.
"These really are the houses everyone should be building." Fran added. "They give people a very even temperature. People are seeing it works with sensible, long-term savings."
It's taken local, specialist builders, Sam Layte and Stuart MacCallum and friends only nine weeks to get the houses almost finished in basic structure with the project managed by Georg Herrmann, Fran's partner, who has helped her throughout. One house looks out over The Green and enjoys the sun setting and the other looks out over the rear of the plot to countryside.
But Fran is keen to involve an interested buyer at this stage, so that the homes can be completed bespoke to someone's wishes. So, the houses are being offered for sale for £310,000 each, unfinished or £350,000, completed, with Aldreds Estate Agents.
Contact Paul Lambert at our Stalham office for more information 01692 581089
We cannot deny that the holiday season almost completely ends once October half term finishes. Many of the chalet and holiday sites around the east coast shut down until Easter.
However, that doesn’t mean we stop offering these properties for sale. On the contrary many buyers use the winter months to view and start purchases so they can have possession of their new holiday chalet in time for Spring.
So if you are looking to buy a holiday property give us a call. We have everything from none holiday restricted country cottages to riverside bungalows and traditional holiday chalets. Available from south of Lowestoft right up to the Norfolk Broads.
Prices start from £11,500!
With high profile online estate agent Emoov entering administration and online letting agent UPad suddenly shutting down it is more important than ever to choose an established estate agent or letting agent.
If you are selling a property an established agents trained staff, professional accreditation and high street offices should give you reassurance that you are dealing with competent people. If you wish to let your property it is important that you choose an agent who has all the professional accreditation and client money protection you would expect.
We at Aldreds have been selling and letting property since 1857. We embrace all modern technology and marketing with all the traditional values you would expect from a locally owned and managed company. Our high street offices combined with our fantastic online service and client database make us one of the leading agents in East Suffolk and East Norfolk.
If you are looking at selling or letting a property get in touch with your local Aldreds office today.
The Halifax has reported that house price growth has dropped to the slowest rate since 2013, however, prices are still up by 1.1% over the last year.
A levelling market is great news for both buyers and seller alike as it generally means more properties to buy and that can only be a good thing especially for those trying to juggle buying and selling.
Halifax Managing Director has stated "Underlying market indicators, including completed sales and mortgages approvals, continue to be broadly stable. Meanwhile for buyers, important affordability measures – such as wage growth and interest rates – still look favourable."
A healthy level housing market is a great opportunity. Still time to get moved before Christmas! Call your local Aldreds office now!