Stamp duty tax: what’s changing July 2021

With  the extend stamp duty holiday in England and Northern Ireland coming to an end on 30th June, what happens next?

Almost a year since this temporary reduction and it has meant no stamp duty tax to pay for first time buyers and home movers purchasing properties below £500,000 before end of June 2021.

From 1st July, a staggered return will be introduced to previous stamp duty rates. The nil – rate band will be lowered from £500,00 to £250,000 until 30th September. From 1st October 2021 it will return to £125,000.

The rate will also depend on if you’re a first-time buyer. From 1 July, first-time buyers will pay no stamp duty on properties worth up to £300,000,  and a discounted rate on properties up to £500,000.

With the stamp duty tax thresholds on property purchases set to change, if you’re thinking of moving soon you can use the stamp duty calculator  on rightmove to work out how much you’ll pay.

Thinking of selling your property and have questions that need answering about selling your property? Simply contact one of our branches for help.

 

Mental Health Awareness Week 2021 – Reduce the stress of moving house

This week from May 10th – 16th May 2021 is Mental Health Awareness Week. In the UK approximately 1 in 4 people will experience a mental health problem this year. This week aims to get people talking about their mental health and reduce the stigma that can stop people from asking for help.

Moving home as well as exciting can also be an extremely stressful time, with two thirds of people citing it as one of the most stressful times.

At Lawler & Co, we like offer advice and listen to our customers and relieve the stress and troubles that come with moving and here we give some tips on how to help take some of the stress away from the big move.

Organisation

Start preparing for the move as soon as you can. Declutter and pack as you go. Organise possessions that you will be taking and items that you can give to charity or are no longer needed. This will help you see how much stuff you have to take to your new home. Clothing that is not needed for current season can be packed and stored away ready for moving day. Don’t leave it for the final week.

Administration

Contact your utility companies to advise them of the move and your forwarding address. Internet and TV provider set up and ready to install for when you are in your new home. There is nothing worse than no Wifi for a week! If you have to relocate to a new GP and dentist, get registered in advance. Contact Royal Mail with at least a week’s notice to advise of you change of address and if you need to redirect your mail. Book in the removal company if you need assistance on the day! Try to book well in advance. If you aren’t changing your child’s school be sure to inform them of the change of address.

Time off

If you can, book annual leave from work before and after moving day so it’s not all crammed into one day or a weekend. The day of moving is so busy, leave it clear for you able to concentrate and not stress. Allow a couple of days after to settle in and give yourself time to sort out any little errands. Give yourself time to relax a little and enjoy your new surroundings. If you have little ones, ask a friend or loved one if they can help with childcare or petcare.

Home Comforts

Ensure to have any medications and must haves close to hand, packed in a easy accessible and safe place. Pack a few home favourites that will allow you to feel more settled in your new home and not have to dig to the back of the boxes piled high in the lounge. Favourites such as a cushion, throw, book, blanket. Anything that makes you feel at home.  Don’t forget the kettle,teabags, milk and mugs!

Ask for help

Moving is a big job! Be sure to ask friends and loved ones if you are struggling on your own. It’s time consuming and they will be more than happy to help! Helping pack, load boxes, childcare or making refreshments are all great ways they can help.

Moving Budget

Moving house is a big expense and often unexpected expenses can arise. Be prepared for purchases and costs that you may inccur. Don’t forget the take away on the first day!

Familiarise

Take time to familiarise yourself in your new surroundings. Go out and see what local attractions there are on your doorstep. Here in the North West we are lucky to have some amazing National Trust parks, beautiful walks, canals. Get involved in any local community social media groups to see of any upcoming events. See what recreational facilities are available.

This year’s Mental Health Awareness week is all about Nature and how important it is is for our mental health.

Go out and explore, experience nature and #ConnectWithNature.

#mentalhealthweek2021 #estateagentsuk #movinghouse

 

 

 

 

Local or Online Estate Agent? Who do you choose?

Reasons why you should use a local agent to sell property

Ready to put your home on the market but choosing the right estate agent is getting too overwhelming. What about an online agent? Should you pay for an upfront fee?Or do you approach a high street agent with an established physical presence in their local community, years of experience and unparalleled sales knowledge?

We’ve put together some reasons why Lawler and Co think a local high street estate agent is best, and in many cases provides better value for money than other offerings.

Getting the best Price!

Ever heard the saying you get what you pay for? Well, when it comes to estate agents, the same principle applies. In fact, plumping for the cheapest upfront option might be a false economy because it may cost you money in the long run.

Why? With the right tools and unrivalled street-by-street knowledge of an area, nothing beats an established local agent.   We don’t just sit back and let the sale take care of itself because we’ve already been paid, as is sometimes the case with DIY or very low-cost agents. We use our expertise and in depth local knowledge to achieve the highest possible sales amount for your property.

We have an up-to-date database of local buyers who are looking for specifics such as proximity to the local schools, transport links and leisure facilities. When a well-matched property is on our books, we’ll proactively approach people who we think would be interested in viewing it. Having access to this sort of local data can make all the difference when it comes to selling a property for the right price.  Some one popping into one of our offices and having a chat can also offer this opportunity!

Viewings are a must!

Viewings are one of the most crucial aspects of selling a property and while some people are comfortable in showing would-be buyers around their home, others have neither the time nor the inclination. True, some online estate agents do offer accompanied viewings but you’ll typically have to pay extra for the privilege. With all things currently restricted due to Covid19, we are now happy to provide 360 virtual tours of properties.

Check that your online agent is prepared to negotiate on your behalf: many don’t and will leave it up to you. You’ll have to decide if you’re absolutely comfortable in squeezing your buyer for the asking price you want or handling any last-minute paperwork problems.

Think Local

Choosing to market your property through a local estate agent opens up a network of trusted community contacts and services – from builders and tradespeople to conveyancers and independent mortgage advisers, all of whom will be happy to meet you face-to-face. It also means you won’t have to hand over one of the most important decisions of your life to someone on the other side of a computer.

Those hidden extras

Upfront fees may seem tempting at first glance but check very carefully to see if there aren’t any hidden extras, all of which can soon mount up.  Some agents charging extra for photography, ‘for sale’ boards and, as mentioned previously, viewings.

An unbeatable combination

It’s said that not having a physical shop front and operating purely online is the future of estate agency. With over 20 years of experience in selling homes in Hazel Grove, Marple, Poynton and surrounding areas we know that having an accessible office that’s bright, welcoming and modern attracts footfall. We’re happy to be a focal point in our local community and having a physical location where people can drop by, chat to the team and find out what’s new on our books is incredibly important.

That doesn’t mean that we neglect our online presence, however. We advertise on many online platforms and like to also use Facebook, Instagram and Twitter. The difference is that, unlike a purely online estate agent, we don’t solely rely on these property portals to achieve sales. We like to think we offer the best of all worlds.

Our local knowledge together with our professional, dedicated sales team and marketing expertise means that our clients can feel confident and assured, you have chosen the correct estate agent to give you detailed accurate market advise on preparing your property for sale or rent for the best price

If you would like to speak to a member of our team and find out what your home is worth, please contact one of the offices below

Marple Office

36 Stockport Road
Marple
Stockport
SK6 6AB

Tel: 0161 914 7620
marple@lawlerandcompany.co.uk

Hazel Grove Office

128 London Road
Hazel Grove
Stockport
SK7 4DJ

Tel: 0161 300 7144
hazelgrove@lawlerandcompany.co.uk

Poynton Office

60 Park Lane
Poynton
Cheshire
SK12 1RE

Tel: 01625 448 001
poynton@lawlerandcompany.co.uk

Stamp Duty Holiday – What does it mean for you?

On the 8th July 2020, the government has today (8th July) unveiled a new stamp duty holiday that will run until 31st March next year. Read here for more details.

The impact has been striking but what does this mean for you?

Previously, stamp duty would have to be paid on homes sold for at least £125,000, or if a first-time buyer, on properties sold for more than £300,000.

Rishi Sunak has now raised this threshold to £500,000. Benefiting nine out of ten homebuyers paying no stamp duty at all, the average stamp duty bill falling by £4,500 and to help reinvigorate the post pandemic housing market.

Because the tax is paid after the sale of the home is finalised, even people who are midway through the process of buying a property will benefit from these changes. Buy-to-let investors and people in the market for a second home will also experience some relief due to the tax holiday, seeing a reduction to the stamp duty liability they would have otherwise have paid.

Not having to pay stamp duty means that all buyers will have more spare cash to help in the moving process, secure deposits and make renovations. Balancing a mortgage and decorating your dream home just got a little bit easier, making now the best time to dive into the property market.

With the team all now back at Lawler and Co, we are ready and waiting to answer all your queries, and help you find your perfect home.

 

allAgents Awards 2019 – Lawler and Co. win again!

Lawler and Co. win allAgents Awards 2019 in the Stockport area! Going above and beyond for their customers!

After the team being recognised in the allAgents Awards 2019 for their great customer service, we thought we would tell you all just how much we LOVE selling houses, and WHY!?

At Lawler & Co, we LOVE our jobs, we really do. We love to sell houses, we love to make our vendors happy and we love to find our buyers their dream homes.

We genuinely listen to our customers to understand their needs, whether they are selling or buying.

Looking after each sale and purchase personally, communication is key – you need to feel that you are in safe hands, and we want you to be happy!

Accompanying all viewings is standard, because we know sales. We know that potential buyers feel more comfortable asking questions with an agent, rather than a home owner. We know it works.

Taking absolute pride in marketing your property in the best possible way, with fantastic photographs and prominent branches throughout Stockport.

Our teams are all experienced and with a wealth of local knowledge can advise on anything from what day the bin collection is to what are the best local schools.

As a bespoke independent estate agency with prominent branches in Hazel Grove, Marple and Poynton we don’t believe in call centres to answer your calls.  We want to offer the best personal experience from beginning to end.

Above all, we all thrive on doing a good job. When we see happy customers, we know we have done our job properly!

www.lawlerandcompany.co.uk

How much is your property worth? Is the price right?

How do you know  what the right price is to put your house on the market for? Is the valuation correct? The ups and downs of the property market over the past decade makes assessing a suitable asking price a bit more difficult. It involves not only the state of the market, but also factors including the property’s condition, the level of demand, and – of course – location.

Some vendors want to try their luck at getting the highest price but overvaluing a property is the most common mistake to make and can cost a vendor dear, sitting on the market for longer than necessary and comparable homes looking to appear to be bargains when they are just priced correctly. Overpricing your property may not sell yours but may sell your neighbours!

There are ways to make sure your home goes on sale at just the right price. Here are some tips to help:

Sales prices in the area
Study the sales prices in your street and its immediate surroundings, concentrating on the last six months. The information is freely available on property websites and will give you a reasonably up to date idea of the state of the local market.  Rather than look at the asking prices concentrate on the actual selling price.

Price differentials – Be aware
No two houses are the same so don’t assume you will get as much for your home as your neighbours got for theirs only last month. It is perfectly feasible for homes that sit side by side to be worth significantly different amounts.

Location Location Location
Homes close to excellent schools or transport links will sell at a premium,  If they are also in good condition, with a high specification – eg with sash windows and/or engineered wood floors – they might also top local ceiling prices.

Square Footage rather than number of rooms
Estate agents base their valuations on the square footage of a property rather than the number of rooms. If your one-bedroom apartment is larger than average, buyers will pay more for it. On the downside, if it is a bit poky, a bit run down, or suffers from a blight such as being on a busy road or near the railway tracks, you’re going to have to trim your expectations.

Invest in your property
If you’ve invested in your property you can expect to get some of your money back, especially if you have added floor space.  It goes without saying that a property that has enlarged or had several home improvements will achieve more than a basic like for like nieghbouring property. However be mindful that not all improvements equal an increase in price.  Improvements that are too tailored to your likes could people off the increase in price.

Shop around for your Valuation.
Get valuations from at least three agents. Ask them to provide examples of what similar properties have sold for – they will have even more up to date information than the online portals.

Highest Valuation isn’t always best!
Don’t necessarily go with the highest valuation you receive.  If a valuation seems too good to be true, it probably is. The first six to eight weeks are the optimum selling time.

If you are considering a move please call into one of our friendly offices or telephone your local branch and we can arrange for one of our valuers to visit your home and provide a free no obligation valuation.  Click here for more information.