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Thwarted by the dreaded written notice period in a competitor’s contract

I’ve just been asked to help a rather nice lady from Ware sell her buy to let terraced house in Hertford. The property has been on the market for a good few months but she has had no luck selling the property and she’s not very happy with the current agents. She has instructed me and I have got the details ready to put on the internet – within a couple of hours of meeting her (we don’t hand around!) – but she has just called to say that when she called her agent to terminate the contract she was told that she has to give them two week’s notice. The result is that my new client wants me to start marketing straight away but has to wait for two weeks before I can begin. That’s why I’m so against the restrictive contracts so prevalent in our industry. As…

Signs of life in the 2013 property market.

It is only two weeks since this year’s New Year’s Eve celebrations and while it is early days yet there definitely seems to be a bit of a spring in the property market in Hertfordshire. The RICS have reported that house sales are on the rise and another study has shown that mortgage lending is improving, albeit from a low base. This chimes with what we have found in the last 2 weeks with three sales in the last 10 days, two of which had multiple offers and one which sold in under a week from coming to market. The third house had been on the market for over a year as it had come to market with another agent for around £70,000 too high a price and which we have just sold to a London Buyer for £645,000. The market started well in 2012 but petered out. Let’s…

Houses prices flattish except in London

A new report shows that house prices are up a tiny 1.1% in past year nationally, but the picture is very different in London with the market there up 7% year on year. It is certainly true that the London market is driving house sales in Hertford as London salaries are paying for Hertford mortgages! They flow up the railway lines to Hertford north and hertford east every evening!

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The RICS gets it wrong on regulating the estate agency industry

Estate Agent Today reports today that the RICS says it would like to see all estate agents forced to sign up to a professional regulation scheme. It said this would provide better safeguards for buyers and sellers and be ‘clearer than the current regulatory regime which is unnecessarily complex’.

Peter Bolton King, RICS global residential director, said:

“Clearly, when people are making the biggest purchase of their lives, they want to know that they can trust their agent and the advice they’re given. People who are buying or selling a house should always check that their agent is a regulated member of a professional body, such as RICS, who abide by ethical codes. By using an unregulated estate agent, people are potentially dealing with someone who doesn’t understand their obligations to consumers. Although all estate agents must have a redress scheme, these only deal with complaints once something has gone wrong.”

This…

Special Offer for anyone connected with the Isabel Hospice

I recently visited the Isabel Hospice in Welwyn Garden City and was kindly shown around by Emma Lippiat who is their Corporate Relatins manager. It was a very inspirational visit to see the amazing work that this local charity does for terminally ill adults and children in Hertfordshire. What came across is how fantastic the staff are and how dedicated they are as well as the work done by volunteers of whom there are over 1000! At BigBlackHen.com we would like to help raise money for such a good cause which is why we are happy to donate 25% of our fee to any staff member, volunteer or members of their immediate family who wish to sell their homes with us and we will raise this to 50% of our fee to residents of the hospice or their friends and family. Hopefully we can help get you moved and…