Real Estate

10 Year High for Homes Selling Within One Week

The State Of The Market

The latest report from Rightmove shows property sales are reaching record levels. Rightmove analysed house sales between July 8th and August 31st. Across the UK more than £37 billion of sales went through in July alone – a 50% increase on the same time last year. The contrast is even starker for homes selling quickly; 125% more homes have sold within a week compared to 2019.

Homes Selling

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What Kinds Of Homes Are Selling?

Lockdown and increased levels of homeworking have made buyers reassess their space needs. The quickest sales have been two and three-bedroom semi-detached houses, with 20% selling within a week – a 13% increase on 2019.

These aren’t the only fast movers. Sales of large properties are moving quickly across the board, with 14% of four-bedroom houses (compared to 7% in 2019) and 10% of five-bedroom houses (up from 6%) selling within a week.

Homes Selling

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The Stamp Duty Holiday

The government has removed stamp duty on all properties worth under £500,000 that are purchased before March 31st 2021. This may explain why the market is moving so quickly.

Things To Do Before You Buy

With the market moving so quickly, is now the time to jump on a new house purchase? Even though the market is moving at breakneck speeds, you should make sure to do all the correct paperwork before you move – and especially remember to have a conveyancing report conducted.

Conveyancing

It’s vital to make sure you’ve had all necessary conveyancing work done before completing on a house purchase. House surveys will bring to light any issues with the property including damp, subsidence and roof problems. Many issues won’t cause you long-term problems but could be used to help you lower the purchase price. This is an area few people do research into until they’re considering purchasing a house, so you may be wondering – how do I find conveyancing solicitors near me? Thankfully the internet contains lots of useful sites that will help answer the question of finding conveyancing solicitors near me.

So Do I Buy Now?

In conclusion, the speed the market’s moving at is unlikely to last forever. If you’ve found your dream home and want to complete the purchase before the stamp duty holiday ends, apply sooner rather than later to avoid getting caught by paperwork delays.

General

The Benefits of a Workbench for Your Garage

If you are wondering what the advantages of a workbench for your garage are, then this article will help. When you are going to buy one you need to consider a few things like the kind of work you do, how often you do it and the size of the garage you have. After you have answered these questions you will be ready to go and buy one.

Workbench

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First you need to consider what type of work you do in your garage. Do you build cars or are you more of a DIY enthusiast or hobbyist? Are you going to be using this bench every day?  You will also have to decide on the size of the bench because once you know what type of work you do you will have a better idea of how much you want to spend. There are many types of benches on the market, but they all have different features so make sure you shop around. For more details on workbenches and Shelving Ireland, visit a site like https://www.rackzone.ie/shelving

Workbench

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When you go shopping you also need to think about what type of finish you would like on the workbench. It is a good idea to find one that has a finish because the finish will protect your bench from rust and other types of damage. Another thing you need to decide on is where you plan to put the workbench in your garage. Some people prefer to have them built into a wall while others prefer to have it freestanding.