LatestNews
2012 PROPERTY PREDICTIONS from Managing Director Ian Preston
Tuesday, May 1, 2012
One of things that made 2008 such a difficult year to sell houses in was that sellers were inclined to think that house price falls were temporary, and selling your home for less than it used to be ‘worth’ at the peak was unthinkable. Buyers on the other hand were watching the collapse of Northern Rock, the withdrawal of 95% mortgages and the rapidly deteriorating housing market thinking, “If I buy now, my home will be worth less than I paid for it, so I’ll wait and see what happens.” It is this disconnect between buyers’ and sellers’ expectations that makes for the real challenge for estate agents trying to do the best for their clients I see a lot of similarities between where we are now and where we were in 2008.
We have a serious financial crisis and stagnating economic growth. But far from being pessimistic about the prospect for sellers, I believe that there are some fundamental differences which will help sellers in 2012.
Firstly, buyers and sellers have a similar outlook for 2012. Both expect 2012 to be tough. That helps hugely, because most sellers are buyers. In a falling market, if you have to take a 8% reduction in price on your own home and you can secure a 8% reduction on your onward purchase you will end up with a SMALLER mortgage than if you had got your asking price and had to pay asking price.If you happen to be in the position of selling your home, with no immediate plans to re-buy, then it...
What Is the NewBuy Housing Scheme?
Monday, April 16, 2012
And how is it going to affect the property market in Yorkshire? Ian Preston, Managing Director of Preston Baker, gives you his expert analysis of how it might impact on you
THE RISE OF THE RELUCTANT LANDLORD
Friday, March 2, 2012
What you need to know if you decide to let rather than sell.
WHY I WILL BE PURCHASING A BUY-TO-LET PROPERTY IN 2012 by Managing Director Ian Preston
Tuesday, November 22, 2011
I don’t want to give the wrong impression about being a property magnate. I have two properties that I currently rent out. One is a strategic purchase in my hometown of Newcastle Upon Tyne, the other my former home in Harrogate. I only kept the Harrogate property because, like so many other sellers in 2008, I couldn’t get a price that I was happy with. Letting it out was the sensible option.
NEW ESTATE AGENCY BREAKS THROUGH TOUGH TIMES FOR HOMEOWNERS
Friday, November 18, 2011
York, Selby and Leeds estate agents relaunch as Preston Baker in confident move for difficult economic times Cousins and business partners Ian Preston and James Baker have announced the launch of their independent estate agency, Preston Baker. “We know that times are difficult all round for homeowners in the region, but when we launched as Bairstow Eves three years ago, we bucked market trends by being proactive agents and first-class communicators. Despite the recession, we expanded from one to four branches and consistently outperformed our competitors.”
Lettings: We seek to agree a let within 28 days from the date that the property goes live onto www.prestonbaker.co.uk. If this does not occur we will refund £200 (inc VAT) from our standard set up charges to anyone who books a lettings valuation through www.prestonbaker.co.uk. This offer is only for customers using our fully managed service at our standard management commission. This discount will be applied from the monies normally deducted from the first months rent. In the event that Preston Baker do not introduce a tenant to move in to your property then no cash back will be payable by Preston Baker and Associates Ltd. In the event of any dispute the decision of the directors of Preston Baker and Associates Ltd will be final.
*Only applicable to valuations booked online. RESIDENTIAL: £200 of shopping vouchers of our choosing on the successful completion of the sale of your property. The payment of these vouchers will be only upon the full payment of Preston Baker and Associates Ltd commission account for the sale of the property. This offer is only applicable if you valuation is booked through www.prestonbaker.co.uk. This offer is only for sole agency instructions.