The sun’s out, the sky’s blue, summer’s here, so it’s time to view!
World-class poetry aside, with the sun shining bright and nature in bloom, the conditions are perfect for selling your home when it looks its best.
Capturing the essence of summer is a surefire way to win the hearts of buyers, and with forecasts for a long stretch of hot and balmy days in 2023, you can elevate every viewing with our expert tips on:
The all-important first impression.
Fresh and breezy viewings.
Organic and biophilic design.
The art of accessorising.
Styling gardens and balconies.
Whether your home is hitting the market for the first time or you want to refresh your marketing for a new summer push, everything you need for the brightest season for selling is right here.
Here are 7 Vital Points Empty Nesters Should Keep in Mind Before Selling Their Fife Home for Sale! ?
Evaluate Your Current Needs: Take stock of your lifestyle and assess how your requirements have changed since your children left the nest. Consider factors like space, maintenance, and accessibility that will shape your ideal downsized Fife home.
Financial Planning: Downsizing can be a great opportunity to free up equity and reduce expenses. Consult a financial advisor to understand the implications and benefits of selling your current Fife home, ensuring a smooth transition to your next phase of life.
Location Matters: Research the neighbourhoods in Fife that align with your preferences. Look for amenities, proximity to friends and family, healthcare facilities, and recreational activities that enhance your quality of life.
Right Sizing Your Space: Analyse the space you actually need and explore options that suit your requirements. Downsizing doesn’t necessarily mean sacrificing comfort. It’s about finding a Fife home that matches your lifestyle and promotes ease of living.
Declutter and Simplify: Downsizing presents an excellent opportunity to declutter and let go of unnecessary possessions. Embrace a minimalist approach to create a more organised and stress-free living environment in your new Fife home.
Maintenance Considerations: Consider the level of maintenance required for your current home and weigh it against your desired lifestyle. A smaller Fife property might offer convenience and reduced upkeep, giving you more time to enjoy your newfound freedom.
Contact Fife Properties: Reach out to us, Fife Properties, the trusted experts in Fife Estate Agency. With years of experience, we understand the unique needs of empty nesters in Fife looking to downsize. Let our dedicated team guide you through the process, ensuring a smooth transition to your dream home.
? Call Fife Properties 0n 01334 654 221 today to schedule an initial consultation.
We are here to support you every step of the way! ??
In the ever-changing world of Fife property, the terms ‘buyers’ market’ and ‘sellers’ market’ are phrases bandied about.
These property market conditions can significantly impact your ability to buy or sell a Fife property, regardless of which side of the fence you find yourself on.
As a Fife estate agent, I will provide you with a detailed analysis of the Fife property market to find out if we are in a buyers’ or sellers’ market and offer valuable tips to navigate through them successfully.
Additionally, I will shed light on a lesser-known market condition called a ‘balanced market’. So, let’s delve into the nuances of these markets and equip you with the knowledge to make informed decisions on buying and selling in Fife.
What is a Fife Buyers’ Market?
A ‘buyers’ market’ occurs when the number of Fife homes available for sale exceeds the number of potential buyers. In this scenario, buyers hold the advantage, as they have more choices and can take their time to make decisions. They may even negotiate with sellers to secure more favourable prices. This is an ideal market for Fife buyers as attractive deals are plentiful, while sellers face the challenge of standing out in a sea of properties for sale.
Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:
Article, Podcast and TV Shows written and produced this week are:
FP TV (EP 148) MILLENNIAL LANDLORDS: How to help your child build their own buy-to-let business. Imagine if your child was already financially independent by the age of 25. How proud would that make you feel? With the UK’s massive housing shortage, rents are being pushed higher and higher. This means more private landlords are urgently needed and buy-to-let is the ideal business to begin at a young age. Lettings Director Richard Cook along with Letting Agent Kerin Marshall
Leaving 16,219 People on the Council House Waiting List in Despair. Jim Parker reviews the current figures provided in the article and offers some insight as to what this means for Fife homeowners and landlords.
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 77 THE WEALTH CREATION SHOW: Positive Attitude is a Skill
A positive attitude is an extremely important skill for your career and your personal wellbeing, and it improves your life in general.
Positive thinking means you are optimistic and see the glass half full instead of half empty.
So, do you believe that you get back what you give out and that developing a positive attitude and mindset is a skill that can be picked up?
Luckily, you don’t need to head back to school to learn how as Richard Cook and Perrie McIntosh are on hand to take you through how implementing a positive mindset and attitude to all aspects of your life is a skill that can ultimately help you become successful
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2023.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
A positive attitude is an extremely important skill for your career and your personal wellbeing, and it improves your life in general.
Positive thinking means you are optimistic and see the glass half full instead of half empty.
So, do you believe that you get what back what you give out and that developing a positive attitude and mindset is a skill that can be picked up?
Luckily, you don’t need to head back to school to learn how as Richard Cook and Perrie McIntosh are on hand to take you through how implementing a positive mindset and attitude to all aspects of your life is a skill that can ultimately help you become successful
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2023.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
Today’s increase in Bank of England rates has sent ripples of concern among Fife homeowners, particularly those with impending remortgages or seeking new deals.
The decision by the Bank to raise rates by 0.5% has sparked discussions about the potential consequences and the steps Fife homeowners should consider taking.
For some, the immediate impact will be felt in their monthly budgets.
Fife homeowners on typical tracker mortgages can expect an average increase of £47 per month, while those on standard variable rate mortgages may face a £30 jump.
However, it is worth noting that approximately 4 out of 5 mortgage customers hold fixed-rate mortgages, providing a temporary shield against immediate payment adjustments.
Imagine if your child was already financially independent by the age of 25. How proud would that make you feel?
With the UK’s massive housing shortage, rents are being pushed higher and higher. This means more private landlords are urgently needed, and buy-to-let is the ideal business to begin at a young age.
Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:
Article, Podcast and TV Shows written and produced this week are:
FP TV (EP 147) GAINING EXTRA POUNDS: Fine-tune the most valuable and saleable parts of your home
Not every part of your home is created equal, and some have a quantifiably higher value than others.
At the same time, there are those unique and saleable qualities that are less easy to put a figure on, but nonetheless play a vital role in securing a buyer.
Jim Parker and guests discuss how making specific improvements to various rooms can have a direct impact on how much you will get in the end.
THE FIFE LANDLORDS GUIDE TO RENT CAP AND SUSPENSION OF EVICTIONS
As a reputable Fife letting agency, we understand the importance of keeping Fife landlords and tenants informed about the current regulations affecting the Fife rental market.
In this article, we will provide all Fife landlords with essential information about the rent cap and the suspension of evictions in Scotland.
Jim Parker and Richard Cook discuss the implications for Landlords and tenants.
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
EP 76 THE WEALTH CREATION SHOW: How To Accelerate Your Income
One of the best ways to accelerate your income is to leverage your current position. When you think of leverage, what comes to mind?
If you’re like most people, it’s some form of financial leverage. You probably also think leverage is risky. But the truth is financial leverage is only one of six different types of leverage. If you aren’t using leverage, then you are working harder than you should to earn less than you deserve — and that isn’t going to make you wealthy.
So, you might be wondering how can I accelerate my income and what does leveraging your position mean?
Luckily, you don’t need to head back to school to learn how as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through how using different types of leveraging can accelerate your income and propel you into wealthy success.
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2023.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
The answer is clearly to build more property in Fife – but that, unfortunately for those badly seeking to buy or rent a home in Fife, takes a lot of time and massive amounts of money. So, what other solutions are there?
Talking to a Fife client of mine recently, the subject of the housing crisis was mentioned. They suggested that all the empty properties in Fife could be the solution to this problem. On the face of it, it seems so obvious. Now quite interestingly, I had recently done some research on this topic, which I want to share with you (as I did with them).
The most recent set of figures from 2022 state there are 4,795 empty homes in the Fife Council area.
So it begs the question, why not put these homes back into the housing system and help ease the Fife housing crisis?
Whilst they stand empty, 16,219 Fife families are on the Council House Waiting List for council houses.
Nationally, the picture is very similar with 1,206,376 families on council house waiting lists with 676,304 homes empty.
Surely, we can all agree that property left empty for many years isn’t morally right?
… yet a different story emerges when you look deeper into the numbers.
Every October on one specific day, each local authority must report every property that is empty, even if it’s only been so for a week.
So many of these Fife properties are either awaiting new homeowners or, in the case of rental properties, new tenants. Also most certainly, some properties are being refurbished and renovated, some are deceased estates, while other properties have homeowners that have moved out and are in the process of being sold (e.g., a part exchange property).
Of those 4,795 Fife homes lying empty, only 1,880 properties were empty for more than six months.
… and this is where it gets even more interesting.
Many people cite all the empty council houses, yet …
Of the 1,880 long-term vacant Fife properties (those empty more than six months), 701 belong to the council.
The fact is that the number of genuinely long-term empty properties is only a tiny drop in the ocean of the 171,086 properties in the area covered by Fife Council and, even if every one of those empty homes were filled with tenants tomorrow, it would only meet a small fraction of Fife housing needs.
So, what does this mean for all the homeowners and landlords of Fife?
This scarcity of available homes contributes to the maintenance of high rents, which presents a favourable situation for Fife landlords who are investing in buy-to-let properties.
Simultaneously, it also serves to keep Fife house prices at a relatively elevated level.
The implications of this situation are particularly evident in the context of Fife’s rental market, where the demand for properties is exceptionally high.
Due to the challenges faced by young individuals in affording homeownership and the financial constraints limiting the construction of new council houses by local authorities, the growth of the rental market becomes an undeniable reality.
Consequently, landlords predominantly focus their investments on the lower end of the housing market, such as starter homes, further fortifying property prices.
This cyclical pattern sustains the entire market as sellers, propelled by the increasing demand, progress up the property ladder, thereby enabling others to purchase homes and continuing the process in a chain-like manner.
These are indeed interesting times in the Fife property market!
One of the best ways to accelerate your income is to leverage your current position
When you think of leverage, what comes to mind? If you’re like most people, it’s some form of financial leverage. You probably also think leverage is risky. But the truth is financial leverage is only one of six different types of leverage.
If you aren’t using leverage, then you are working harder than you should to earn less than you deserve — and that isn’t going to make you wealthy.
So, you might be wondering how can I accelerate my income and what does leveraging your position mean?
Luckily, you don’t need to head back to school to learn how as Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to take you through how using different types of leveraging can accelerate your income and propel you into wealthy success.
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2023.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
