I’d be amazed if this works at this time of year, but Countrywide Estate Agents are holding the UK’s largest ‘open house weekend’ on Saturday 5th and Sunday 6th of December. Open house sales are popular in places like Australia where if you want to sell your home, you have one or two days when people can come round and look at your home. It’s a good idea, especially if you have children or are elderly as you don’t spend every day on tenterhooks, trying to keep the home tidy and hoping that viewers who’ve booked to see your home come round.
On 1st January 2010, the stamp duty threshold changes. So is it worth you completing before the end of the year? As a result, if you complete on a home for £175,000 before 31st December 2009 you won't pay any stamp duty and from January 2nd (no-one will be working on New Year's Day!) you will pay 1% x £175,000 = £1,750 to the government in stamp duty land tax.
In Kate's property special with Frances Finn on BBC Radio Nottingham, a number of property topics were discussed, these included property prices; 1930's properties; key issues in the market; focus on Southwell; fastest sales; sellers and self build.
Market stats show property has had a little 'wobble' over the summer, with the percentage of properties sold versus for sale down from a high of 36% to a low of 27%, the lowest conversion since April 09. Sellers and buyers are starting to stay at home again, with a real shortage of properties coming onto the market in some areas, however the number of buyers looking also fell according to Hometrack and NAEA.