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The new home buyer’s trends

The recent signs of improvement on the economy, after 5 years of recession, and the hopeful predictions about property market for 2014 are generating changes in people’s buying behaviour.

Well, we can certainly report that buyer’s confidence is on the rise, however the way they approach the home buying process is now completely different than it was during the previous property boom.  Lifestyles have changed during the recession and with them behaviours have changed too.

Analysing home buyer’s trends during 2013 we have identified 5 stereotypes that describe the general behaviour that purchasers adopt when they are in the buying process:

1. In The Know: buyers are now more well-researched and knowledgeable than they used to be.  They commonly invest a great deal of time understanding the many options available to them and are very clear on their preferences. They adopt an active position during the buying process; they know what they want and how to get it!

First time buyers

2. First Time Buyers: no longer the stereotypical young professional, the average age of a FTB is now thought to be around 40!  Their age has increased largely due to job market, stunted pay increases, the economic situation and the demanding deposit.  In contrast with the “In the know” category, FTBs are indecisive.  They are not sure what they are looking for and view at least 15 properties before daring to take the leap to buy.

3. All in the Family: this is a relatively new trend whereby families are choosing a house where multiple generations can live together.  Again, due to to economic downturn, personal finances have been severely damaged.  These buyers are planning for the future.  They keep their immediate and extended family in mind when they are searching for a home and take their opinions into account when deciding on a property location.

4. Moving On Up: these buyers are a clear example of a confidence rise due to the economic improvement. They are not looking for a cheap house they can fix-up themselves, they are saying “yes” to ready-to-live-in homes and are more often than not upsizing. They are the kind of people that may prefer a premium property.

Downsizing

5. Downsizing: they are looking for a house which suits their new lifestyle.  Mainly they are middle-aged parents whose kids have flown the nest and retired people who don’t need a big house any more.  They prefer smaller homes with less upkeep so they can enjoy their hobbies and cut the bills down.

Whether you have identify yourself in any of these stereotypes or not, it’s always helpful to have some guidance and support when you are thinking about buying a house.  Mistoria Estate Agency can help make this process easier and offer advice about mortgages and conveyancing.  Visit our website or call us on 0161 707 6106  for more information. You can also check out the properties we currently have available by using our property search facility.

 

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The value of a good garden!

Often, when people are trying to sell a house, all their efforts go to making the interior look appealing, but to the buyer, first impressions count and that means the outside of the property.

Good gardenRecent research about the house buying process have revealed that over a third of buyers would purchase their new home based on a good view alone (after all if you don’t like what’s inside, you can change it yourself over time), and also that a good garden view can add up to £15,000 onto the value of the home. Indeed, that explains why most people consider their favourite room as the one with best view.

Now that you know how much your house can profit from with a good garden, don’t you think it’ll be worth it to do some work in your garden and improve your home’s ‘kerb appeal’?

First impressions are highly important when you are showing off your house to potential buyers, so try to make the most of your garden.  If you’re clever about it, it could be the difference between and sale or no sale.

Here are our tips on how to spruce up your garden for a sale:

Good Garden

1.Prepare the garden for a viewing: Imagine you are having friends over for a BBQ or garden party – how would you want your garden to look?  The same notion applies for a viewing.  Cut the lawn, trim and prune the hedges or flower beds, put out some flower pot or tubs.  Remember, this applies to the front and back garden.   If you have garden furniture, clean it and perhaps set the table or place a few cushions on the chairs.  Clear away any childrens toys and ensure the washing line is clear and bins are out of view.

2.Present your garden as a private and relaxing space: Identify an area of your garden suitable for a bit of natural privacy, away from noise and noisy neighbours and direct your viewers to it during the visit.  Having a private space which allows you to disconnect from the distractions and interruptions of everyday life is highly valued nowadays.

Good garden

3.Make your garden child-friendly: A large number of buyers will have children or may have them in the future, so having your garden adapted for children is a thumbs up.  If you’ve got kids, set out their outdoor toys nicely in the garden to allow the buyer to picture enjoying the garden with their children.  If you know the buyer doesn’t have/want children, clear any toys away.

We hope you are now a little clearer on how to make the most of your garden, but if you still need some more advice about how to sell your house or you have any questions, call Mistoria Estate Agency on 0161 707 6106.  Alternatively email info@mistoriaestateagents.co.uk/sales for some more tips on how to prepare your house before selling.

 

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Student accommodation is on the map!

Salford Rental Property MapThe period after the winter break is a notoriously busy time for students.  The hours of study and revision and the tension and nerves generated by impending exams are increased by the pressure to find the best student accommodation for the next academic year.  But when it comes to finding a good house, sooner is always better.

Luckily, we’re here to take some of that stress away.

As an evolving letting agency, we’re constantly looking for ways to improve our service and the property search experience for our customers.  It’s widely acknowledged that images are processed much quicker words, and so we have added a map search facility to our website.  We hope the new visual feature will make finding your ideal Mistoria property a much easier and more efficient process.

Launched just in time for the busy post-Christmas rush, the tool should enable our student searchers to make fast decisions about which houses they want to view.  By plotting our properties on a map, the user is able to search an area and get accurate location information at the touch of a button, helping them to choose the most suitable student house according to their requirements.

So far we have added two maps; one shows our available student properties in Liverpool, the other, student accommodation in Salford and the surrounding areas.

Both maps can be found under the About Us drop down menu in the main navigation bar of our website.  We hope you find this new tool helpful but if you need more help to find a convenient room or house to rent in the Salford or the Liverpool area, contact one of our agents on 0800 500 3015 or via our website.  We’ll be happy to help you.

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Good news for Manchester property

As we recently reported, Nationwide building society has named Manchester as the UK city with the strongest house price growth in 2013, with property values up 21% over the year, beating London.  With property prices predicted to increase even further over this year, the market is improving at a staggering rate – great news for Manchester, and us!

And it seems this isn’t just a theory.  Mistoria Estates have experienced first hand the results of the improving market over the last month alone.  It seems that Manchester really is the place to be when it comes to property in 2014.  Within the last few weeks, we have had a surge of customers wishing to sell, primarily in Manchester and the surrounding areas.  To have such a rush in such a short period of time spells good news for the Manchester property market, and means that now really is the time to buy.

If you’re interested in getting your foot on the Manchester property ladder, it’s time to act fast.  As prices continue to increase, this may be the cheapest time to snap up the house of your dreams, before the cost rockets further over the next year and attaining a mortgage becomes even more difficult.  We currently have a large number of stunning properties available in the Greater Manchester area…

The Polygon – Lower Broughton

This property is in a prime location within the Cliff conservation area and has good local amenities.  Manchester city centre is around 2 miles away and Media City around 3 miles.  The house boasts three double bedrooms (one en suite) and one large single bedroom along with a generous bathroom on the first floor, and a kitchen, dining room, lounge and conservatory on the ground floor.  The rear garden looks out over the river, making this a beautiful, idyllic family home.

Manchester Property - The Polygon

Brindley Avenue – Manchester

This property is perfect for a first time buyer.  Situated in a cul-de-sac, there are plenty of good schools near by as well as being close to good link roads for commuting into the city centre.  The property has two great-sized bedrooms as well as a fantastic kitchen, bathroom and Easterly living room which lets in plenty of sunlight.  There are gardens both at the front and the rear, allow plenty of space to relax outside.

Manchester Property - Brindley Avenue

Great Clowes Street – Lower Broughton

This recently-refurbished home is an ideal student property investment.  It has five good sized bedrooms, two bathrooms and a communal living space, as well as a fully fitted kitchen and an enclosed yard at the rear.  It is 25 minutes walk from the University of Salford and 15 minutes walk of the Students Union.  Excellent transport links are available to both University of Salford and Manchester city centre.

Manchester Property - Great Clowes

Whether you’re buying or selling, the market has never been better in the North West.  At Mistoria Estate Agency, we’re experiencing a high demand for both buying and selling property and have high hopes for Manchester property over the course of this coming year.  To contact us about available services, including marketing your property, help with a mortgage and conveyance and surveying, visit our website or call us on 0161 707 6106.   You can also check out the properties we currently have available by using our property search facility.

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Housing market predictions for 2014

house pricesFor the last five years or so, since the recession, the UK’s housing market has struggled to recover, but figures released last month point to turning point of recovery in the market, especially in Manchester. The demand of houses in the UK is rising, so consequently prices are rising too. With almost “ten buyers for every home” as today’s Metro informs, predictions are that property values will increase by at least five per cent this year.

Nationwide building society has named Manchester as the UK city with the strongest house price growth in 2013, with property values up 21% over the year, beating London.

While much of the coverage of the housing market in 2013 focused on the capital, Nationwide identify Manchester – and, specifically, the area covered by the city council – as the star performer last year, with London in second place and Brighton in third.

Due to soaring prices, the age of first-time buyers will rise, as those aged between 25 to 44 struggle to save for a deposit. Grenville Turner, Countrywide Property Service Group chief executive, affirmed: “The number of first-time buyers under 25 will fall by a third due to student debt”.

Everything indicates that now is a good moment for property sellers. If you have been holding off putting your property up for sale because you thought the market was flat, don’t miss the opportunity markets are giving you now, and put your property on the market.

If you are thinking about buying your first property, our advice is to do it now, before house prices rise even higher, because deposits will do as well. If you’ve got a deposit, even if it’s not the full amount that you wanted, now is probably the time to look at getting a mortgage.

Mistoria Estate Agency are a team of finance professionals and estate agents with many years of experience in successfully buying and selling property across the North West. If you need help and advice buying or selling a property please call us on 0161 707 6106 or email info@mistoriaestateagents.co.uk/sales.

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PRESS RELEASE: Mistoria sponsor one of their tenants for charity, ‘Thrive Africa’

Louise Farrow 2

We are delighted to sponsor one of our tenants, Louise Farrow, in her endeavour to raise money for UK and Ghanaian based charity, Thrive Africa.  The organisation offers opportunities for volunteers to work on development projects aimed to promote the advancement of education and relief of poverty across Africa.  

Louise, 19, is a second year student at the University of Salford, and is hoping to spend a month in Ghana this year, volunteering on a number of projects such as the children’s home development, library building, disaster prevention and working closely with the Orphan Welfare Agenda, who care for more than 270 orphans across the country.

The Mistoria Group will be contributing £250 towards the minimum £1000 sponsorship required, before Louise can embark on her mission, and together with a 160ft bungee jump at Salford Quay, a 10km obstacle course run in Leeds, a parachute jump and charity cake sales, Louise is hoping she will raise the funds necessary to take the trip.  “I chose to volunteer with Thrive Africa as I have always loved helping other people.” says Louise.  “I was thrilled when I heard that I had been accepted to volunteer for them and began to plan how I would raise the minimum sponsorship of £1000.  Past volunteers with Thrive Africa found that the work they had achieved through the charity really did make a significant difference and positive impact.  I am extremely grateful to the Mistoria Group for their encouragement and support.”

No strangers to championing charitable causes, we are active supporters of Help for Heroes and Polio Children and throughout 2014, will be donating 3% of our company profits to charity. “We are delighted to lend our support to Louise and this worthwhile charity and wish her all the very best in her fundraising efforts.” says Mistoria Group’s CEO, Mish Liyanage.

 

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Moving back into your student house

Welcome back!  We hope that all our students had a restful break and a very happy new year.  We’re sure that you’re all eager to move back into your student properties and get back into the uni lifestyle after a few weeks at home with your families, but what should be at the top of your to-do list now that you’re back?  Here are our suggestions…

  • Open a couple of windows.  In order to avoid condensation which can lead to mould, crack open a window or two and let some fresh air in.  The house should have been all locked up over the winter break which, while safe, can cause it to become stuffy and prone to condensation.  Let some air flow through while you’re home, but don’t forget to lock up again before you go out!
  • Have a quick clean.  While things should have been spick and span before you left, an empty house can lead to dust, and any forgotten abandoned food may have gone bad and left a nasty smell.  With exam and coursework deadlines looming, you may be spending a lot of time studying (and celebrating afterwards!) in the common areas so make a pact with your house mates to keep it clean.  A quick wipe down of the work tops and a sort through your cupboards and fridge can make a big difference, so start the year as you mean to go on!
  • Check for any problems.  Whether it’s the harsh winter weather taking its toll on the property, resulting in fallen roof tiles or frozen pipes, or whether you’ve just sprung a leak, drop us a line right away and the Mistoria team can get things fixed up as soon as possible.  Give us a call on our emergency maintenance number 07794 913 390 and we’ll get back to you as soon as we can.
  • Sort out your student housing for next year.  If you’ll still be studying in the next academic year and haven’t yet sorted out your accommodation, make sure to get it booked so you don’t lose out.  If you’ve grown attached to your student house this year, give us a call and rebook for 2014/15.  The process is quick and easy, and you’ll have peace of mind knowing you can keep your digs for another year.  Contact us to arrange a viewing on 0800 500 3015 or through our website – we’re always happy to answer any questions you may have.

We hope you all have a fantastic second term in your Mistoria property and that you’ll consider rebooking with us for next year.  If you have any questions or comments, as usual don’t hesitate to contact us – whether by phone on 0800 500 3015 or through our website.  We’d love to hear from you!