If your home has been on the market for a while, something probably needs to change to get your move underway.
The latest government figures show the market performing at about 80% of last year, with transactions in September 2023 around 18% down from September 2022.
So, given that buyers are still buying, why are so many homes not selling? Are the owners getting in their own way of moving, or could they be receiving the wrong advice?
Inflation, interest rates, house prices down, house prices up … the newspapers are full of column inches on Brit’s second favourite topic – the property market (the first being the weather obviously!).
Those of you that read my articles on the Fife property market know I like to look further afield to compare the Fife market with the regional and national markets. The one thing that is immediately apparent is that the UK does not have one property market.
Continue reading FIFE PROPERTY MARKET: Which homes are selling the best? (Watch/Read/Listen)
Article, Podcast and TV Shows written and produced this week are:
Could your profits jump 50% with multi-occupancy lettings?
If you’re looking for ways to boost your buy-to-let profits, converting your rental home to a House in Multiple Occupation (HMO for short) could be the answer.
HMOs have exploded in popularity as an option for landlords to increase their income by letting out a property as individual rooms, rather than as a single home. Lettings Director Richard Cook along with Letting Agent Kerin Marshall discuss this topic.
(Watch/read/listen) https://www.fifeproperties.co.uk/blog/fptv-ep-170-single-let-or-hmo-could-your-profits-jump-50-with-multi-occupancy-lettings/
Discover the future short and medium-term trajectory of Fife’s property market in our latest insightful article. Uncover how recent trends and economic factors are shaping the local Fife housing landscape, offering valuable predictions for homeowners and landlords. Stay ahead of the curve and make informed decisions for your property investments in Fife.
Richard Cook and Perrie McIntosh guide us through the figures and provide their thoughts on the Fife property market.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/the-future-of-fife-house-prices/
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
Following Jim’s return from Necker Island we will catch up on the remainder of his trip and what he has taken away from the experience.
Those of you following the journey will surely be wondering how you too can be in that position, and it is all about planning your financial future.
Our wealth and financial situation impact many aspects of our lives. Effective financial planning enables us to do what we want to do in life and gives us long-term control and more time back!
Are you interested in tips on how to plan for a better financial future?
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-5-tips-for-planning-a-better-financial-future/
If you’ve missed the previous shows you can catch up on our channel: https://www.youtube.com/@WealthCreationShow
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. 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.
Following Jim’s return from Necker Island we will catch up on the remainder of his trip and what he has taken away from the experience.
Those of you following the journey will surely be wondering how you too can be in that position, and it is all about planning your financial future.
Our wealth and financial situation impact many aspects of our lives. Effective financial planning enables us to do what we want to do in life and gives us long-term control and more time back!
Are you interested in tips on how to plan for a better financial future?
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss
If you’ve missed the previous shows you can catch up on our channel: https://www.youtube.com/@WealthCreationShow
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. 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.
If you’re looking for ways to boost your buy-to-let profits, converting your rental home to a House in Multiple Occupation (HMO for short) could be the answer.
HMOs have exploded in popularity as an option for landlords to increase their income by letting out a property as individual rooms, rather than as a single home. Continue reading FPTV (EP 170) SINGLE LET OR HMO? Could your profits jump 50% with multi-occupancy lettings? (Watch/Read/Listen)
In the ever-changing landscape of the Fife property market, predicting future house price trends can be akin to navigating a labyrinth. The past two years have witnessed unprecedented upheaval, primarily due to fluctuating interest rates that significantly impacted household finances, reminiscent of the challenges not faced since 2008.
Continue reading THE FUTURE OF FIFE HOUSE PRICES (Watch/Read/Listen)
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:
“Whatever you have in your rooms, think first of the walls” – wise words indeed from pattern and textile god William Morris (and nobody could call his designs neutral).
Richard Cook and Perrie McIntosh provide hints and tips to help you achieve the best price for your property.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/stuck-in-neutral-does-your-home-need-to-be-beige-to-sell-for-the-best-price/
As the Fife property market evolves, the key to unlocking a successful sale lies not just in the bricks and mortar but in the strategy behind the sale. It’s a tale of contrasting realities: more Fife homes on the market bring greater choices for buyers yet present a challenge for sellers aiming to stand out. Fife’s property market is a unique microcosm of supply and demand.
Richard Cook and Perrie McIntosh dive into the full article to explore and discuss the shifts, strategies, and successes in Fife’s dynamic property sphere.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/the-fife-property-market-the-importance-of-realistic-pricing-if-you-want-to-sell/
Perrie McIntosh provides a breakdown of the Scottish House Price Index report for September 2023 and gives her thoughts on how this could impact the Fife property market for buyers and sellers.
(Watch/Read/Listen) https://www.fifeproperties.co.uk/blog/uk-house-price-index-scotland-and-fife-september-2023/
Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:
Following on from last week’s episode we will be joining Jim Parker LIVE from Necker Island!
For those of you who don’t know Necker Island belongs to billionaire Richard Branson and is the next part of Jim’s adventure.
We will be catching up with him on location and continue our discussion on Jim’s journey, that has let him to where he is today.
If you have you ever wondered, how could I have it all? Tune in for a live interactive discussion on how to achieve success.
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss.
(Watch/Listen) https://www.fifeproperties.co.uk/blog/the-wealth-creation-show-live-from-necker-island/
If you’ve missed the previous shows you can catch up on our channel: https://www.youtube.com/@WealthCreationShow
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. 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.
Following on from last week’s episode we will be joining Jim Parker LIVE from Necker Island!
For those of you who don’t know Necker Island belongs to billionaire Richard Branson and is the next part of Jim’s adventure.
We will be catching up with him on location and continue our discussion on Jim’s journey, that has let him to where he is today.
If you have you ever wondered, how could I have it all? Tune in for a live interactive discussion on how to achieve success.
Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker are on hand to discuss
If you’ve missed the previous shows you can catch up on our channel: https://www.youtube.com/@WealthCreationShow
If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. 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.
Embarking on the journey of homeownership is often seen as a rite of passage, but in Fife, like many other places, young buyers may find it challenging without some assistance.
Enter the Bank of Mum & Dad, a pivotal driver in Fife’s property market.
The term ‘Bank of Mum and Dad’ encapsulates the essence of parents contributing financially to their offspring’s pursuit of property ownership.
This concept has seen a surge in Fife and beyond, as the “Bank of Mum and Dad” (BoMaD) continues to play a significant role in assisting younger (and sometimes middle aged) individuals, particularly in the property market.
In 2023, the average BoMaD gift or loan exceeded £25,000, with over half of under-35s who recently purchased a home receiving financial help from their families. The total value of BoMaD gifts amounted to £8.1 billion in 2022, facilitating 318,400 house purchases according to Legal & General.
Yet not every parent in Fife can afford to generously gift a deposit. Here, we explore varied avenues parents can explore to extend a helping hand in their child’s homeownership quest in Fife.
Fife’s property landscape is rich and diverse, making it an ideal locale for first-time buyers.
For Fife homeowners pondering how to assist their children in this journey, rest assured that guidance is just a call away. Feel free to reach out to us with any queries you might have.
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