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  • The best estate agents in the business… | Red Hot Property
    expanding further across the North East for the past three years we ve won the title of Best Estate Agent in Northumberland as well as being officially named a five star rated agency by the International Property Awards Our success is down to being deliberately different We ve built our reputation on our unique marketing approach including lines being open seven days a week between 9am and 9pm with no tie in period or withdrawal fees and links to all the major portals including Rightmove Zoopla and Prime Location At Red Hot Property we aim to market your home to the right audience at the right time and for the right price to meet your needs it s this approach that has seen our year on year growth since 2009 In order to position Red Hot Property for the next phase of our growth we ve appointed r evolution to work with us to ensure that our marketing is sector leading so we can in turn help more people to sell their homes across the North East and beyond Whilst our success has been recognised at the highest level we are certainly not complacent Our focus is on improving and refining our approach constantly As such we wanted to evolve our marketing approach with careful direction from the best in the marketing business and that s where r evolution comes in r evolution is an award winning integrated brand communications consultancy based in the Northern Design Centre on the banks of the River Tyne The team has a proven track record of working with clients in the property sector and so while being the best in their business the team was also was a perfect fit for us at Red Hot The team at r evolution is briefed to help

    Original URL path: http://www.redhotproperty.co.uk/blog/best-estate-agents-business%E2%80%A6 (2016-02-08)
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  • Hot Off The Press | Red Hot Property
    purchase for a particular valued Read more Red Hot Property Supports The 1st Allen Valleys Folk Festival On Mon 29 09 2014 14 59 Posted In Northumberland Red Hot Property is delighted to provide sponsorship to the 1st Allen Valleys Folk Festival which takes place on the 3rd 4th 5th of October this year The festival is a three day celebration of music dance and the arts with music covering a broad spectrum from local and regional artists to those from further afield There ll be a particular focus on emerging young musical talent from the Allen Valleys The main music events will be staged at indoor venues in Allendale but there will be lots more to engage with including guided walks and workshops set in the spectacular landscape of the Allen Valleys The festival has been put together by a group of enthusiastic volunteers and is supported by the Allendale Lions Club the North Pennines AONB Partnership and the Heritage Lottery Fund For further information or tickets go to www allenvalleysfolkfestival co uk Read more OFFICIALLY ONE OF THE COUNTRY S BEST ESTATE AGENTS 3 years running On Tue 16 09 2014 15 00 Posted In Hot Off The Press Red Hot Property is delighted have won a 3rd consecutive award for excellence from the International Property Awards the world s largest property awards body Business owner Gareth Jones said It is unusual for an agent to win this award consecutively and we are absolutely thrilled to have our achievements recognised again by such a prestigious organisation As a firm we are totally committed to the continual improvement of our operation and therefore our client s chances of selling success Red Hot Property has continually re invested re focused and refined our approach to ensure we continue to deliver outstanding levels of service accurate and considered marketing and ultimately market leading sales results for our clients This is then backed by our exceptional fee of just 1 2 vat Stuart Shield President of the International Property Awards said These awards recognise excellence in the property industry Any company that wins has shown exceptional levels Read more Red Hot Property to receive their 2nd award for excellence at the UK Property Awards On Sat 16 08 2014 15 05 Posted In Selling Property News Hexham based estate agents Red Hot Property has been informed that they are amongst the winning companies of the esteemed UK Property Awards 2013 They competed against a number of estate agents throughout the UK to receive this recognition and have been invited to attend a high profile gala and presentation dinner at the Grosvenor House Hotel in London on October 18th 2013 where they will be officially presented with their honour in the category Best Estate Agent in Northumberland The long established International Property Awards is the world s most esteemed property competition and the award winners logo is recognised as a symbol of excellence throughout the global industry The UK Property Awards rank amongst

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  • Hot Off The Press | Red Hot Property
    2013 We also welcome to Read more A Red Hot Property Award for the Red Hot Agents On Thu 16 08 2012 15 05 Posted In News Red Hot Property is delighted to have won a prestigious award from the world s largest property competition The International Property Awards The International Property Awards are supported by many of the property industry s leading professional bodies and attracts a wealth of high profile sponsors The strict judging is conducted by an international panel of over fifty independent property experts and is scrutinised over several months through initial research and concluding in a final presentation submitted by each firm Red Hot Property has been invited to collect their award at a high profile gala dinner in October Red Hot Property has consistently sold more homes in the Tyne Valley than any other agent since 2009 and provide an unrivalled service to our clients Our success is driven by a team of highly experienced enthusiastic and tenacious staff who understand their responsibility when selling most people s largest asset Stuart Shield The Chairman Read more Should Estate Agents Review Their Fees On Wed 06 06 2012 15 05 Posted In Selling Property Property Marketing Estate Agent Fees I will always be in favour of a free market economy and therefore I would never advocate only one approach to business Competition and alternative methods are a healthy way of ensuring optimum performance and client focus However I do feel that the estate agency profession is ripe for review reassessment and even stricter regulation First and foremost estate agents are responsible for selling most people s largest asset On this basis my primary concerns whilst choosing an agent would include That my chosen agents attitude and approach were focused on my best interests I would also be keen to hire the sales agent with the most proven and successful record of success I would expect value for money and to be charged a fair and justifiable fee Agent property magazine The Negotiator printed an article in their March 2012 edition titled Agency Fees Top Cost of Moving It highlighted a Read more We Make The Most Property Moves On Thu 12 04 2012 15 05 Posted In Selling Property Property Marketing Red Hot Property continues to produce extraordinary results for our clients despite the challenging market We sold more homes than any other agent in the Tyne valley throughout 2009 2010 and 2011 and we have now Between January and March this year we sold an outstanding 46 of available homes in postcodes NE46 to NE49 Our extensive use of essential marketing resources guarantees our clients homes obtain the maximum exposure to active buyers Our links to all the major website portals and our extended business hours capture valuable enquiries which are then negotiated by an experienced and enthusiastic team of professional staff Our superior service and highly competitive fee of just 1 2 vat have resulted in 76 of our listings coming from delighted

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  • Hot Off The Press | Red Hot Property
    vulnerable and the further afield you look the more turbulent economies seem to be On top of all this 70 of all homes listed for sale in 2011 remain unsold according to the leading property portal Rightmove Despite these uncertain times Red Hot Property continue to drive forward large numbers of sales for our clients and whilst doing so we save them thousands with our ½ fees I am delighted to see continued growth between January and June of 2011 having sold a staggering 40 48 of homes in postcodes NE46 NE49 source Vizzihomes Our success is based around three key elements We ensure each property receives maximum exposure to active buyers We know when and where these buyers are looking and have tailored our business to suit The majority of sales Read more Beware Property Market Analysis On Mon 15 08 2011 15 05 Posted In Property Market I am always interested to gain insights into market activity They allow us a wider perspective of the economic status quo and an opportunity to compare this with our own performance The most recent snapshots I have been receiving however are quite out of the norm sometimes confusing and often contradictory This seems most prevalent with information relating the mortgage market I often feel a smile of disbelief widen across my face as I read an article boasting resurgence in lending A headline such as 16 rise in mortgage lending can inject a dangerously overoptimistic confidence into the market particularly for those who don t want to delve that little bit deeper because they daren t face the alternative reality The fact is there will always be daily weekly and monthly fluctuations for example lending was 16 higher in June than it was in May but still 3 lower than it Read more Organise Your Finances And Mortgage Early On On Wed 06 07 2011 15 05 Posted In Mortgages Property Market It s a buyers market at the moment and there is certainly more property for sale now than for a very long time However it is not all plain sailing for the buyer Despite the incredibly low interest rates gross mortgage lending is at an all time low It appears that the banks are very wary of who they will lend to and what they will lend against This delicate economic climate has made lenders very cautious and the result is a stagnating market My advice to anyone thinking of buying their next home is to focus their attention on their funding first It doesn t matter how many homes you have bought or sold in the past lending conditions are not as they were Lending criteria is far stricter than the free for all of the boom period with low deposits self certifications and multiple times salary deals a very distant memory You Read more Gazumping Unpleasant but Totally Legal On Wed 22 06 2011 15 05 Posted In Selling Property Property Market The process of buying or

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  • Hot Off The Press | Red Hot Property
    The Press Cras facilisis dictum mi Donec accumsan convallis est sed efficitur felis sagittis quis Mauris lobortis egestas dolor in molestie Etiam mollis ex vitae tortor accumsan tempor Duis libero nisl scelerisque ut molestie a condimentum nec justo Ut lacinia facilisis justo sed dignissim turpis pretium eget Nulla tincidunt venenatis consectetur Etiam finibus diam nec arcu efficitur ultrices Maecenas at urna id nisi varius rutrum Nam sagittis nulla quam vitae elementum nisi efficitur vitae Proin dignissim quam eget urna porttitor vel ultrices massa finibus Aliquam leo justo aliquam id ex eu sagittis placerat diam Nam fringilla fringilla tellus a lobortis Fusce nec hendrerit felis Cras volutpat viverra mauris pellentesque feugiat nisl hendrerit at Nullam a ultrices velit Duis ut lorem orci Ut pharetra a sapien non porta In condimentum luctus venenatis Donec varius porta orci et vehicula tortor lacinia at Search Categories Any Hot Off The Press Red Hot Tips Stamp Duty Selling Property Property Marketing Estate Agent Fees Community Support Mortgages News Property Market Northumberland Buying Property Red Hot Property Blog Launched On Mon 21 03 2011 15 05 Posted In Property Market Welcome finally to our Red Hot Blog Having launched our new website in January my first posting has come a little later than I had hoped however delay due to a large workload is in this case is a positive Our new site has already received extremely encouraging feedback and the addition of this Blog section will enable me to bring you information insight and hot news relevant to the current property market There are mixed messages being circulated about prospects for the economy in 2011 So far however we have been pleasantly surprised by higher than expected activity levels It is still a tough market slanted heavily in the buyers favour and compounded further by

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  • Hot Off The Press | Red Hot Property
    relating to the huge investment being made into the merging on line agents and what impact they might have on market share has no doubt forced agents to review their practices in order to survive a changing and potentially more challenging future The double impact of expected loss of market share alongside the reality of lower property volumes for them to sell has forced high street agents into a psychological corner that has impacted on the way they now behave When there is less to go around and also when what is available to go around is expected to be further diluted by new entrants to the market then it is no surprise that behaviour becomes more cut throat and aggressive This has been demonstrated by agents more frequently targeting each other s stock via mailshot direct approach or by offers of joint agency for example These types of actions are simply an attempt to win market share while they can and sometimes by whatever means possible It is clear that the old tricks and possibly a less ethical approach is in danger of creeping back and unfortunately the professional credibility gained by agents tenaciously fighting their way through the tough recession period may be easily lost In turn the new market entrants have also adopted a rather aggressive approach The recent high street agents are dead march through London by easyProperty demonstrates a willingness to ruffle feathers and risk tarnishing an ethical reputation they have not yet established in an attempt to capture attention Whilst the high street era may be dwindling this type of demonstration does nothing to restore vendor confidence towards the often mocked ethos within our profession The recent competitive jostling amongst the online big boys at the top rightmove zoopla and onthemarket has forced inward investment and more refinement in terms of how their sites actually work and how helpful they are as marketing tools for agents However the transparency they provide has lifted consumer confidence and given rise to greater willingness for vendors to risk going it alone and selling via an on line only source Similar to robots entering the car production line staff within estate agencies are in danger of being replaced by the more automated world wide web In fact recent articles have alerted us to the fact that estate agency staffing levels and recruitment are down this year Fewer staff however may result in reduced service levels and expertise Worryingly less expertise may then result in lower sales volumes and indeed sale prices and certainly greater frustration amongst conveyancers who are having to deal with unfiltered issues raised by inexperienced sellers If a solicitor s role becomes more complex and testing this may ultimately result in delays in the conveyance and an increase in their charges as they take on more of the role that agents would have undertaken The reality therefore is not a reduction is selling cost but instead a transfer of the cost to another and potentially more costly profession and greater inefficiency Ultimately the current rumblings and long term adjustments that may take place to the selling process may well have a negative effect on a market as a whole a market which is already vulnerable and over burdened by debt Can the online agents or those selling alone cope with a market dip Time will tell Hot Topics RED HOT PROPERTY IS PROUD SPONSOR OF THE 2015 ALLEN VALLEYS FOLK FESTIVAL On Tue 29 09 2015 16 32 Posted In Hot Off The Press Northumberland Red Hot Property is delighted to have been invited to provide support to the 2015 Allen Valley Folk Festival this year as the event s main sponsor Following a tremendous event last year this year s event is gearing up to be superb The positive feedback from artists and visitors last year has attracted much wider interest and this year s varied menu of talented artists is impressive The performers are available to view in the Artist Profiles section of the events website allenvalleysfolkfestival co uk In order to accommodate all the fresh talent who will be performing another large venue has been introduced the Allendale Primary School and there are now three stages for young musicians the school St Cuthbert s Church Hall and Deneholme The school will also host a traditional family ceilidh on Saturday afternoon Last year s visitors enjoyed fantastic catering provided by the Allendale Bakery Pop up Café The Mill Tandoori Allendale Tea Rooms The Forge Café and the three local pubs The Golden Lion The Allendale Inn and The King s Head These offerings will also be complimented by a hog roast in the village square courtesy of WMH Meats For those living outside the Allen Valleys the festival website provides information on travel and accommodation meaning there really is no excuse to enjoy a unique weekend away To keep up to date with developments simply visit the website or follow The Allen Valley Folk Festival on Facebook and Twitter The weekend begins on October 3rd and continues through the 4th and 5th The ticket office is now open and we hope everyone has a truly Red Hot occasion Hot Topics An Innovative Red Hot Brand Drive to Secure More Sales On Wed 09 09 2015 18 19 Posted In Hot Off The Press Property Marketing Property Market We live in a world which is dominated by website marketing and there is no doubt that estate agency has been completely and utterly transformed by this modern marketing media The two major web portals rightmove and zoopla provide the bulk of buyer enquiries and allow prospective buyers to browse available properties from the comfort of their own home The need to visit an agent s office has almost disappeared however more critically the initial conversation between agents and prospective buyers now takes place at a later stage of their search process This fundamental change has meant that an agent s ability to sell houses to these fresh buyers is delayed until the buyer finally makes contact The reason for this is that most buyers do not buy the home they either first enquire about or view Instead they tend to buy an alternative home we introduce them to The registering process and the time we spend to understand each buyer s requirements is vital if real selling is to take place In reality some properties do sell quickly and secure immediate interest via the websites For most sales though the momentum falls following the initial flurry of interest and an agent s ability to negotiate interest and persuade people to view becomes critical On this basis we have deployed a variety of innovative brand awareness pushes in an attempt to attract more buyers to talk to us These include advertising hoardings at Newcastle Falcons RFC Tynedale RFC Prudhoe Stocksfield RFC Ryton RFC and Stocksfield Cricket Club In addition we have invested in Petrol Pump displays in Whickham Prudhoe and Hexham have front page banners on many local magazines and continue with regular leaflet drops The results have been positive and have allowed us to draw greater volumes of traffic directly to our website This in turn has delivered increased levels of enquiry by both phone and via our enquiry submissions form on our contact page Our listing to sale conversion rates have always been impressive and we continue to sell the majority of homes in the Tyne Valley Our comprehensive use of quality resources is backed by a strong and experienced team of professionals our innovative and effective approach has been continually commended via the International Property Awards Despite this success our latest marketing investments demonstrate our continued commitment to improving each and every client s chance of sales success Hot Topics Have excessive estate agency fees enabled the growth of online agents On Tue 28 07 2015 10 22 Posted In Hot Off The Press Selling Property Estate Agent Fees Property Market For decades estate agents have been tarnished with a less than favourable reputation They are often the butt of the public s humour and are portrayed as being synonymous with poor service poor communication ineffective selling and over inflated fees The basic problem is that the general public view the agents role as fairly straightforward and therefore unworthy of the fees they charge The latest analysis suggest that the average high street agent s fee is 1 3 of the final sale price plus 20 VAT which when applying the current national average sale price of 235 992 means a fee of 3 681 48 inclusive of VAT With an extended period of rapidly rising property prices until the Northern Rock disaster struck agents enjoyed an absolute fee fest During the Gordon Brown Boom Boom period competition amongst buyers was rife and money was easy to borrow While buyer confidence was at an all time high property was viewed as their primary investment and healthy capital growth was expected It seemed that while the public enjoyed the benefit of easily gained money through rocketing house prices they also tolerated the rapidly rising agents fees as the norm It wasn t until the market crashed and naturally household out goings were reviewed that the public realised that agents fees had risen so dramatically It is fair to say however that it s not all the agents fault after all they didn t instigate house price rises However the percentage based fee they charged remained unchanged and therefore their fees grew in line with house prices This meant that in reality agents had to sell fewer homes to make the same amount of money as before the boom i e their incentive to sell was diminished Unfortunately when the market tightened this was the opposite of the attitude required Complacency was commonplace as many properties had almost sold themselves during the boom It could also be argued that the windfall created by these heightened fees was the reason many agents survived the deep recession when the market stalled This is where it gets interesting With agents hanging on tightly to the inflated fee levels they had become accustomed to they unwittingly opened a big gap in the market With prospective vendors starting to get wise to the elevated costs they now had to pay a selling agent the time was ripe for a new breed to emerge step forward the online agent or sell it yourself brigade This approach and timing struck a chord with the disgruntled public The surge in the dominance of website portals coincided perfectly with this predicament At the time rightmove zoopla primelcation fish4homes propertyfinder and findaproperty were front runners and enabled the public to access houses for sale from the comfort of their own homes in their own time and without the need for direct contact with an agent or a visit to one of their offices With this in mind the coat hook approach to selling homes was born i e hang a property on the website and wait for the calls The role of achieving a true valuation handling enquiries negotiating sales interest reviewing marketing progress accompanying viewings securing offers consolidating a deal and progressing the sale through the delicate conveyance stage were all handed over to the vendor Their reward for this DIY approach is a reduced fee or is it It appears that online agents claim to charge a reduced fee in return for a streamlined service However had traditional agents set their fees at a more appropriate level rather than allowing their charges to run away with rising house prices this difference in fees wouldn t exist or indeed be so significant It seems logical that the majority of vendors wouldn t want to become so intimately embroiled in the stress of the sale if their overall savings were only minimal Just as many estate agents defected to onthemarket com to save money vendors are doing likewise with the emergence of the have a go yourself proponents Ironically the actions from both agents and vendors are being made in protest at what are perceived to be unnecessarily excessive costs It is worth noting at this point that there are some very good agents out there but only a minority of those agents have retained a reasonable and justifiable fee structure We firmly consider Red Hot Property to be amongst them and our individual approach has been independently recognised by the International Property Awards Our instinct is that most vendors who opt for an online sell it yourself approach may not wish to repeat the experience once they have had a taste of exactly what is involved in selling a property They will however seek out the agents who offer a fairer deal the next time around particularly given that online marketing has obliterated the necessity of restricting their choice to local agents At Red Hot Property we believe that selling your largest asset requires a professional who has a proven record of success in achieving the maximum sale price for their clients within the desired timescale and with minimal stress The same principal could be applied to writing your will drawing up your company s accounts and more In this day and age it is possible to do most things yourself but whilst it may appear to save you money in the short term the end result can ultimately be more costly You have to factor in the cost of your time and the impact on your own professional and family life and your willingness to gamble on achieving the desired outcome And when you relate this fact to property the difference in the end result could be worth thousands We live in interesting times Innovation and evolving technologies have enabled us a range of exciting options and thankfully we do have choice Hot Topics Now is a great time to buy and sell property On Tue 07 07 2015 13 15 Posted In Hot Off The Press Stamp Duty Selling Property Buying Property If you are considering the possibility of moving home then please pay heed to the following the timing for this is absolutely ripe right now There is an absolute balance of all the key factors that affect the property market and we haven t seen such a positive window of opportunity for buyers and sellers alike for a long time Consider these key points Confidence is at an all time high This is arguably the most important ingredient in a positive property market People feel more secure in their jobs and more optimistic about the future There is a general feeling that whilst the economy is not fully restored it is certainly on the mend and provides a more stable platform for us all to base our forward plans upon Confidence is critical for those committing to their largest financial purchase Money is incredibly cheap We may not see such low interest rates attached to mortgages again Anyone who is considering borrowing now will benefit from astonishingly low rates attached to attractive fixed term deals By the time the fixed term deal ends we would hope that the property market is beginning to see signs of another lift which in turn will provide an excellent market platform from which to broker a new deal with the banks We also anticipate that by this time we may start to see positive capital growth providing further assurance to the banks in terms of what they are lending against Stamp Duty reforms enable significant savings These changes have certainly made it more affordable to purchase a property for the majority of buyers It has also allowed the sellers who were penned in against certain tax thresholds more freedom to gain true market value for their prized asset Whilst tax is an essential part of our economy no one likes being charged unfairly and these changes will have lessened that concern For more information on the Stamp Duty changes click here The media hype is more positive It seems we are enjoying a period free from doom and gloom We are no longer being bombarded with scary stories about the fragility of our economic status and how treacherous a path we tread Having endured a long recession and worked through some pretty challenging times people have become more resilient This new mood has enabled us all to look forward with optimism rather than stagnate in fear of what may come We have more disposable income Earnings have overtaken inflation and people generally have more money in their pocket Our core costs seem more reasonable fuel food etc and allow us to spend on those additional non essentials that not only make us feel better but also broaden the circulation of money within our economy If we feel we have more money we feel better and spend more First time buyers are finally back in the market The Help to Buy scheme and newly launched Government backed ISA schemes are working Having spent years unable to get onto the property ladder first time buyers had disappeared other than those kindly assisted by the bank of mum and dad Forced to rent and therefore strongly assisting the rental boom this portion of the market has found it near impossible to save the 25 and 30 deposits once required by the banks Now deposit expectations are more reasonable and because of these financial incentives these crucial buyers have returned which in turn has a knock on effect on all price levels within the ladder There is a 10 shortage of property for sale hitting the open market It is this that has provided the balance It seems like a fair market for all right now with neither seller nor buyer having the upper hand With less available property for buyers prices are holding firm and Red Hot Property is seeing more than half of its sales achieving full asking price or more In fact it is unusual

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  • News | Red Hot Property
    of excellence throughout the global industry The UK Property Awards rank amongst the most prestigious commendations in the residential and commercial property sectors Stuart Shield Chairman of the International Property Awards said The object of these awards is to recognise excellence within the property industry worldwide and to establish an international standard The judging panel this year consisted of 70 professionals whose role was to identify the highest quality UK estate agencies The noteworthy judges included Andrew Panting Director of Operations for the British Property Federation Peter Bolton King Global Residential Director of the Royal Institute of Chartered Surveyors RICS and Christian Morris Director Owner of architectural firm Yotomo Ltd The awards this year were sponsored by Virgin Atlantic and Gagganau Hot Topics Red Hot Property Support Percy Hedley with C2C Charity Ride On Tue 23 07 2013 15 05 Posted In News Gareth Jones owner of Red Hot Property got on his bike to provide support to the Percy Hedley Foundation on Sunday 14th July by cycling 140 miles from Whitehaven to Tynemouth The journey from coast to coast began at 5am and was completed in 15 hours 11 minutes with a friend Jeff Lee The challenging route combined a variety of both on and off road cycling in exceptionally warm weather Despite this the event was thoroughly enjoyed and capped off with an ice cold beer at the finish The Percy Hedley Foundation is celebrating its 60th anniversary providing support for children and adults in the North East with cerebral palsy Recent government cuts and budget restrictions have placed enormous pressure on the organisation which has launched an initiative this year to raise much needed additional funds Gareth s ride has so far raised around 650 through kind donations from businesses and individuals who sponsored the event Gareth commented Given the limited preparation time we put towards this event it has proved to be a great success The Percy Hedley Foundation is a phenomenal charity with an army of support for the most vulnerable members of our community My immediate thought is how I can organise an annual event with a larger numbers of cyclists with the aim of raising even greater funding Hot Topics Red Hot Property Launches their Prudhoe Office with Huge Success On Mon 17 06 2013 15 05 Posted In Selling Property News Red Hot Property is delighted with the response we have received from the local market following the successful launch of our new Prudhoe office Based in the new Spetchells Centre on Prudhoe Front Street we have already listed and agreed sales on a large number of homes in the area Red Hot Property takes pride in our fresh and highly innovative approach to estate agency and in our proven ability to sell homes The huge success of the market leading Hexham office has provided a strong launch platform and we intend to emulate this success in Prudhoe The office is being managed by Diane Burdess herself a resident of Prudhoe with

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  • Property Market | Red Hot Property
    the have a go yourself proponents Ironically the actions from both agents and vendors are being made in protest at what are perceived to be unnecessarily excessive costs It is worth noting at this point that there are some very good agents out there but only a minority of those agents have retained a reasonable and justifiable fee structure We firmly consider Red Hot Property to be amongst them and our individual approach has been independently recognised by the International Property Awards Our instinct is that most vendors who opt for an online sell it yourself approach may not wish to repeat the experience once they have had a taste of exactly what is involved in selling a property They will however seek out the agents who offer a fairer deal the next time around particularly given that online marketing has obliterated the necessity of restricting their choice to local agents At Red Hot Property we believe that selling your largest asset requires a professional who has a proven record of success in achieving the maximum sale price for their clients within the desired timescale and with minimal stress The same principal could be applied to writing your will drawing up your company s accounts and more In this day and age it is possible to do most things yourself but whilst it may appear to save you money in the short term the end result can ultimately be more costly You have to factor in the cost of your time and the impact on your own professional and family life and your willingness to gamble on achieving the desired outcome And when you relate this fact to property the difference in the end result could be worth thousands We live in interesting times Innovation and evolving technologies have enabled us a range of exciting options and thankfully we do have choice Hot Topics A busy property market in the first half of 2014 will it continue On Sat 02 08 2014 15 04 Posted In Selling Property Property Market Buying Property The ripple effect has certainly been felt in the first half of 2014 From the very start of this year the pace of activity within the housing market has been notably different to previous years post Northern Rock crash The reality though is that nothing has changed fundamentally in economic terms and all the key factors that have been in place since the crash and throughout the recession periods remain the same The only factor that has improved and perhaps the most critical is simply market confidence or the mood The media hype so far this year has been far more positive and helpful which has brought about greater feelings of optimism and security amongst buyers Talk of price rises has been wide spread and the help to buy scheme has fuelled the critical first time buyer element With this renewed confidence many buyers have also been taking advantage of the extremely low interest rates and securing 3 5 year fixed term mortgages to see themselves through any remaining period of uncertainty Far more buyers have been coming forward viewing making offers and ultimately buying homes Despite the Southern boom however the reality is that prices within the North East have remained stable Because this market is more mortgage dependant prices are more lender controlled and the banks appear reluctant to allow significant rises On a positive note though the increased activity levels have reduced the time taken to agree a sale and indeed the gap between asking and selling prices has closed To date we have recorded 55 of our sales this year at asking price Whilst we have certainly seen more pace to the transaction phase of a purchase the actual processing stage is now frustratingly much slower Lenders are far more pernickety and do scrutinise each and every purchase in an attempt to eliminate risk Anyone wishing to purchase right now should establish their funding early on if they are to avoid disruptive delays So what will happen in the second half of 2014 Well with a positive first half to the year under our belts we are now left to ponder the impact of recent announcements by Mark Carney the Governor of the Bank of England namely He wants to cool the housing market He forewarned us of interest rate rises His messages were not specific and like many other announcements designed to have gradual impact rather than alarm and scare Ultimately he doesn t want to spook the market and cause a crash His problem however is that he is actually targeting the London market which is fuelled by large volumes of cash and can t be controlled by any mortgage valuer We are always the last to benefit from the ripple effect and we are usually the first to feel a slow down My feeling is that we are sitting at a junction in the property market Interest rates are very low and prices have remained stable for some 7 years now Buyers therefore have a choice Buy now and take advantage of the cheap money and accept you may have to jump through hoops to obtain it Hang fire and see what effect on prices if any the Governors cooling strategy has While you make up your mind allow me to add a little perspective Generally moving home is a circumstance driven event and ever changing market forces do usually affect us all simultaneously So with this in mind I suppose ultimately the best time to move is whenever it suits you If that happens to be the second half of 2014 we re here to help and advise you Hot Topics Increased Activity and a Positive Mood throughout the 2013 Property Market On Mon 23 12 2013 15 05 Posted In Selling Property Property Market Wow 2013 has been busy a point highlighted by the recent lack of blogs The peculiar thing is that economically nothing fundamental has changed or can be pinpointed as the core reason for this upsurge in activity within the property market All core factors have remained much the same for some time Interest rates inflation levels government policy etc The only significant change I can identify is simply the mood People appear to be feeling more positive and are now confident enough to forward plan The Olympics certainly provided a huge lift to the nation and imbued people with belief and optimism This was followed by more positive messages in the media and the appointment of a fresh and confident Mark Carney as Governor of the Bank of England This allowed a feeling of greater security to those with mortgages or who were considering a move because of the suggestion that interest rates may remain stable Finally the help to buy scheme then offered hope to first time buyers All of these elements amongst others played a part in contributing towards a belief in a firmer economic platform for the public to move forward from This increased feeling of security has undoubtedly resulted in more buyers and sellers coming forward in 2013 For those genuinely wishing to buy or sell the present market still offers the best opportunity for a move Buyers can still take advantage of low interest rates securing a fixed rate mortgage to see themselves through the last of these challenging times and hopefully enjoy the benefits of capital growth before their next move For sellers it has been a long time since buyers were so forthcoming When properties are pitched at the right price and supported by a full and targeted marketing campaign there really is no reason why you should not agree a sale within ten weeks However this opportunity may not continue as long as some might hope We are warned that the Bank of England s decision to scrap the Funding for Lending Scheme FLS could quickly force up mortgage rates in an attempt to avoid another housing bubble Some brokers have warned that mortgage rates could start rising in the New Year and that lending could be cut back as well I can certainly vouch for the fact that mortgage surveyors are still maintaining a frustratingly conservative approach to valuing and will quite happily down value a property if they see fit or if they are unable to match the sale against their considered comparables Does this suggest that we are not out of the woods In the worst case an interest rate rise may cause more homes to be put up for sale it may force more repossession s there may well be less mortgage approvals and of course we may see downward pressure on house prices Ultimately reluctance from sellers to reduce prices accordingly may then cause further stagnation My conclusion get moving now is a most certainly a great time to buy and sell v Hot Topics Why Now is a Great Time to Buy Property On Fri 03 02 2012 15 05 Posted In Property Market Buying Property The economic climate continues to challenge our thinking and indeed our approach to financial matters in general It is no surprise that during these times our instinct is to adopt a more conservative attitude towards spending particularly if the amount we are due to forgo is significant and long term Yes the global economy remains uncertain and there may well be significant fall out from unresolved issues like the European saga all of which may ultimately have a dampening effect on the housing market and house prices However when we look a little more closely there seems to me to be an argument to suggest that now might actually be a great time to buy particularly if you are a first time buyer The thing to remember is that the actual sale price of a property does not always determine its affordability For instance if property prices dropped by a small percentage and simultaneously mortgage repayments rose then the actual cost of buying becomes more difficult In today s market however the reality is that home buying is now far cheaper than renting which is the total opposite to three years ago Then the average cost of buying was about a third higher than the average cost to rent paid for a similar property In 2008 the cost of buying sat at a hugely prohibitive 47 of disposable income when it is now only 29 I suspect this expectation that buying is still the more costly option may be a major reason for buyers hanging back As a prospective buyer you may wish to consider the following The cost of renting is still on the rise The average monthly UK rental is currently sitting at a staggering 715 per calendar month This cost will continue to rise as long as people remain in limbo patiently waiting for that perfect moment to buy The average mortgage repayment figure has fallen over recent years due to a fall in house prices and low mortgage rates Whilst deposit expectations remain high the benefit is that you are forced to take a lower loan amount and therefore have lower repayment costs long term When the market finally returns and property prices start to rise again you will also benefit from a healthy capital balance Should a buyer secure a fixed term mortgage over the next 3 5 years this safety net may well see them through the toughest part of the recession Current inflation rates are rapidly eroding the value of your hard earned deposit if you have already saved the necessary funds to buy Whilst it remains in the bank you are effectively losing money An investment into property should realise a healthier return in the long run Finally the stamp duty relief scheme for first time buyers is due to end on March 24th 2012 The timing is relevant for anyone who is looking to secure a mortgage as it is normally only promised for 3 months My advice to buyers is to book an appointment with your financial advisor establish how much you can borrow based on your earnings and deposit holding and then view as many available houses as possible and haggle hard After all it is currently your market Hot Topics 2011 Property Market Review in Brief On Sun 11 12 2011 15 05 Posted In Property Market 2011 What a year Lot s of up s and down s and quite a few round and rounds From a purely objective viewpoint it has been fascinating to watch the economic and political manoeuvrings some of which will have a significant effect on our futures From a property perspective the year began at a reassuring pace The steady flow of new property listings to the open market resulted in a healthy number of completed sales This created an air of hope amongst the buying and selling public that we may have a chance of avoiding the dreaded double dip However any such confidence was soon eroded by the banks continued approach towards a strict lending policy Many willing buyers presented themselves before the lenders only to be turned away The need for a large deposit and a squeaky clean credit rating were the most common hurdles It seemed the banks intentions were to clean up their client base by eliminating any high risk individuals from their portfolios the complete opposite of their approach only a few years ago Their approach recorded record low levels of mortgage approvals With a lack of real buyers with the funds to purchase and a lack of urgency amongst vendors to sell the middle half of the year saw the number of homes for sale start to rise The extraordinarily low interest rates created a comfort zone in which there was simply no financial pressure to sell Vendors decided to wait it out and hope things would improve Unfortunately though buyer s confidence was starting to falter The cost of living continued to rise as did the feeling of uncertainty surrounding job security With no obvious strategy in place to curb inflation the public recognised they were getting poorer With buyers and sellers adopting a lets wait and see attitude the second half of the year began with a slowdown in activity Then came the euro meltdown The immediate effect was the rapid erosion of confidence within the housing market With the media reporting an Armageddon type economic reaction genuine buyers had every reason to bide their time The final quarter of 2011 saw vendors starting to rethink their strategy and become more flexible in their negotiations As the austerity measures cost of living and ultimately interest rates rise real disposable income will dwindle This will bring an increased financial pressure for vendors and thus more reason to sell If this is the case more homes are likely to be listed to the market bringing more choice for buyers and ultimately downward pressure on house prices According to Rightmove November saw the largest drop in asking prices in the UK since 2007 an indication that the smart sellers are already making moves to get ahead of such a situation I do feel those who adopt a more proactive approach may well escape further market drops There is always a great deal of stress and pressure involved with buying and selling a house it is after all most people s largest asset or financial burden However it is important to keep things in perspective Shifts in property prices usually affect us all simultaneously and therefore it is usually a relative experience At present those in most position to lose are those downsizing or those who are significantly overburdened with debt against their home Even then I would advise against falling into the we will wait until the market turns around next year attitude because it highly unlikely In reality I can t see any significant rises before 2016 On the positive side it has been reported that mortgage approvals were up in November It seems a tweak to asking prices has enticed buyers back in With the rental market booming the average monthly rental figure has risen dramatically putting pressure on disposable incomes Prospective purchasers may start to view buying as a more affordable option The desire to buy is certainly mounting I would suggest downward nudge in asking price may be enough to release the pent up desire to buy and ultimately enable a sale My advice to vendors is simple if you are struggling to sell a tweak to your asking price will realign you more competitively within this crowded market and allow you the opportunity to sell before the market toughens in 2012 Reducing your price after the market has dropped will simply align your property back where you started Hot Topics A Tough Property Market Requires Strong Selling On Sat 03 09 2011 15 05 Posted In Selling Property Property Market These are challenging times The banks remain extremely strict with their lending inflation continues to roar jobs remain vulnerable and the further afield you look the more turbulent economies seem to be On top of all this 70 of all homes listed for sale in 2011 remain unsold according to the leading property portal Rightmove Despite these uncertain times Red Hot Property continue to drive forward large numbers of sales for our clients and whilst doing so we save them thousands with our ½ fees I am delighted to see continued growth between January and June of 2011 having sold a staggering 40 48 of homes in postcodes NE46 NE49 source Vizzihomes Our success is based around three key elements We ensure each property receives maximum exposure to active buyers We know when and where these buyers are looking and have tailored our business to suit The majority of sales now result from a website enquiry Buyers are most active online between 6pm and 9pm during which time our lines remain open Using the very latest

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