Current Listings
Guide Price £375,000
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Guide Price £790,000
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Guide Price £550,000
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Guide Price £950,000
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Guide Price £350,000
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Guide Price £425,000
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Guide Price £285,000
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Guide Price £575,000
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Guide Price £525,000
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Guide Price £170,000
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Guide Price £750,000
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Guide Price £299,950
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Guide Price £343,000
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Guide Price £425,000
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Guide Price £385,000
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Guide Price £420,000
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Guide Price £290,000
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Guide Price £635,000
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Guide Price £335,000
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Guide Price £440,000
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Guide Price £558,000
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Guide Price £650,000
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Guide Price £675,000
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Guide Price £550,000
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Guide Price £725,000
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Guide Price £725,000
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Guide Price £735,000
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Guide Price £670,000
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Guide Price £205,000
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Guide Price £570,000
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Guide Price £275,000
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Guide Price £425,000
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Guide Price £475,000
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Guide Price £220,000
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Guide Price £1,000,000
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Guide Price £345,000
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Guide Price £230,000
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Guide Price £395,000
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Guide Price £450,000
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Guide Price £1,500,000
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Guide Price £588,000
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Guide Price £365,000
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Guide Price £500,000
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Guide Price £1,200,000
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Guide Price £675,000
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Guide Price £250,000
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Guide Price £300,000
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Guide Price £260,000
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£275,000
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Guide Price £735,000
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10
Bennet Samways Estate Agents
Bennet Samways are a truly personalised estate agency, providing a high-end experience in the world of estate agency. Bennet Samways is your trusted partner in finding, selling and securing the finest properties tailored to your unique desires and dreams.
About Us - At Bennet Samways, we redefine the estate agency experience. As a bespoke estate agency, we specialise in delivering exceptional service that goes beyond your expectations. Our mission is to expertly nurture, communicate and guide our clients through the selling, and buying process. We work hard to connect you with exclusive properties that match your lifestyle, preferences, and aspirations.
We take immense pride in being a licensed Propertymark estate agency. Our commitment to professionalism, transparency, and ethical practises sets us apart in the estate agency industry. As a licensed member of Propertymark, we adhere to the highest standards, ensuring that our clients receive expert guidance and the utmost confidence in their property transactions. Whether you’re buying, or selling, you can trust Bennet Samways to provide you with a superior level of service that is both dependable and dedicated. We understand the significance of your property decisions, and our affiliation with Propertymark underscores our unwavering dedication to delivering excellence in every aspect of your estate agency journey.
Bennet Samways was established in 2021 by Stuart Bennet and Nick Samways, with combined 35 years of estate agency experience. Winning the ‘British Property Award Gold Winner For Best Estate Agent In Ashbourne’ in both 2022, 2023 & 2024. We were also listed in the 'Best Estate Agent Guide' for Ashbourne 2023.
Discover The Difference Today - Whether you’re selling a country cottage in Derbyshire, a discerning character home with land or a stylish home in Ashbourne, Bennet Samways is here to make your property dreams a reality.
Explore our exclusive listings, read our client testimonials, and get in touch with us to start your journey in selling your home and find the perfect property that reflects your unique style and taste.
Located at the prestigious office at Ednaston Park, between Ashbourne and Derby, adjacent to A52 with easy access, and free car parking for our clients on their appointment. Why not call Stuart, Nick or Katie on 01335 818550 and discover the difference…
Your extraordinary estate agency journey starts here…
THINKING OF SELLING? FREE VALUATIONS AVAILABLE
We provide EXPERT advice on achieving the best possible price for your home. We are pleased to offer FREE Valuations, and advice on maximising the saleability of your property, along with a ‘No Sale No Fee’ approach.
Latest Blog Posts
Oct 25, 2024
The Definitive Guide to Staging Your Home in Ashbourne & Derbyshire
The property market can be very competitive, even cutthroat in some areas of the UK. So, when it comes to putting your home in Ashbourne & Derbyshire up for sale, you’ll want to make an effort as soon as possible. That’s why many sellers are now spending time ‘staging’ their houses, which basically means ensuring they look their best. Here’s our guide to staging your home in Ashbourne & Derbyshire, and how doing so could help you land a quick sale. Selling Can be a Slow Process There's no getting away from it; many factors have hit the UK housing market, from the tightening of lending guidelines to political uncertainty. According to recent data from leading property website Rightmove it takes on average, 65 days from the initial listing to the completion of the sale. This may appear a reasonable timeframe, however, this is just an average. Some properties may sell much faster, and others may take several months to sell. Even if you are in an area where properties get snapped up immediately, don’t be too complacent. You never know what the competition will be like or what factors might suddenly affect the sale of your home, so it’s still imperative to make your home as attractive as possible. Ways to Stage Your Home There are many different ways your home can be staged, but whichever way you choose, ‘staging’ just means showing your home in the best possible light. In some cases, it simply means decluttering and moving things around, while some people go as far as changing room colours and renting furniture. For homes at the higher end of the market, you can even hire a professional who’ll really show off the best features of your property. Here are some of the steps you should go through when staging a home. Get objective opinions about your home Your home is your castle, and no doubt you’ve carefully chosen every aspect, from the colour of your paintwork to the carpets. However, taste is subjective, so it’s important to get some outside opinions. As estate agents in Ashbourne & Derbyshire we are very good at this, as we know what sells a home and what might be setting it back - don't forget, we hear unfiltered opinions when we show people around your property. Look at similar homes in your area that have sold quickly and note their interior design, layout and their general vibe. In certain areas, particular styles of homes will sell faster, so pay attention to what buyers are looking for. Set a budget Prices for home staging can vary wildly, from practically zero if you’re just sprucing up your home yourself to thousands of pounds if you’re staging a luxury property and employing the services of a professional home staging company. If you’re serious about staging and are going to rent furniture and decorate certain rooms, it’s not unrealistic to spend a couple of thousand pounds. While this might sound like a lot, keep in mind that it’s just a small percentage of your asking price, so it may be worth the investment. Focus on the important rooms You may not have the budget to stage your entire home, so focus on rooms that really matter. Our experience tells us that the living room is the most important room to stage, followed by the master bedroom, as these are usually the first photos seen within your online property listing. When it comes to living areas, decluttering and maximising light should be a priority, ensuring they look as large as possible. However, don’t feel as though you have to remove all the personality from the room. A few photos, cushions and throws keep a cosy, liveable feel without cluttering. Bathrooms should have neatly folded towels, and kitchens should have a bowl of fresh fruit or some fresh flowers on display. Get the right furniture for the space The layout of your furniture is one of the key elements of staging. You want to create space, yet still keep the room looking functional. Stripping rooms of furniture can sometimes be a negative for buyers. For example, if they see a bedroom without a bed in it, they may be wondering whether their king-size will fit, or whether they’ll be constantly bashing their knees on it. Certain pieces of furniture are the focal point of a room, and if they’re looking a bit tired or worn-out, then it drags down the room. If your sofa has been well-loved by children and dogs, consider putting it in storage and renting a clean, modern one whilst you’re having viewings. Get the Right Advice on the Property Market Staging your home isn’t as complex as it sounds. It largely involves making your home as appealing as possible to as many buyers as possible, which in turn will help it sell faster. Whether you do it yourself or bring in a professional, it could mean your home spends less time on the market! For more advice on property matters, contact the team at Bennet Samways on 01335 818550 or call in and see us. Frequently Asked Questions About Staging a Home How important is staging the dining room? While the living room and master bedroom are key, consider staging the dining room too. Showcase its functionality by setting the table attractively. Do I need a lot of storage space for home staging? Declutter ruthlessly! Limited storage space is less noticeable when buyers see a clean, uncluttered room. Should I remove my coffee table when staging the living room? Not necessarily. Arrange furniture for conversation areas. A coffee table can be a focal point, but ensure enough space to move around comfortably. How can I make the most of natural light when staging my home? Open curtains and blinds throughout the day. Arrange furniture to avoid blocking natural light. This creates a bright and airy feel, a major selling point for potential buyers....
Oct 25, 2024
First Time Buyer? 4 Easy Ways to Improve Your Credit Score
First Time Buyer? 4 Easy Ways to Improve Your Credit Score When you take out your first mortgage, as with any financial product, you’ll have to go through a credit check to ensure your credit limits are appropriate. It’s normal to feel apprehensive about this process, as let’s face it, few of us have perfect credit. That’s why it’s worth trying to improve your credit score in the months before you apply for a mortgage, as a better score within your credit accounts can mean lower rates and a wider choice of lenders. With this in mind, here are four ways you can improve your credit score. 4 Ways to Improve Credit Scores Get a copy of your credit report There are lots of free and paid for credit report services in the UK, enabling you to access your information. We recommend you go directly to the three main credit reference agencies; Experian, Equifax and TransUnion (formerly Callcredit). When running your credit check, your lender or broker will usually use one or a combination of these services. Once you have your credit report, check it carefully for errors. It’s important to do this well in advance of applying for your mortgage, as it can take a while for changes to take effect. Some things that could be dragging down your credit rating include: Not being on the electoral register Late or missing bill payments Taking out a lot of credit in comparison to income Being financially linked to someone with bad credit, i.e. an ex partner Whilst you can’t erase a bad credit history, you can draw a line under it and become better with money, as well as correcting any mistakes that are bringing down your score. Borrow responsibly There’s one thing that can be just as worrying to lenders as a bad credit history, and that’s having no credit history at all. If you live with your parents and have never had a loan, credit card or car payments, then it’s possible you may have barely any credit history. This may seem like a good thing to you, but the reasons why lenders might find this troublesome is that they don’t know if you’re any good at handling money! If you’ve never had to balance a budget and pay off a utility bill every month, then how do they know if you can cope with making mortgage payments? The simplest solution to this is to borrow small amounts and pay them off monthly, before the interest charges kick in. Get a credit card* and use it for your day-to-day expenses, paying it in full each month. This will help you build a credit score. Just be careful not to be tempted to overspend. *The information above is for your general information and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by Bennet Samways and is not intended to be relied upon by users in making (or refraining from making) any financial decisions. Appropriate independent advice should be obtained before making any such decision. Any arrangement made between you and any third party is at your sole risk and responsibility. Don’t max out cards - and do pay more than the monthly minimum When you apply to borrow money, whether it’s a credit card or car finance, you get a credit limit, which is the maximum amount a lender will be willing to lend you. It’s important to realise that this is a limit, not a goal, so never go over it. Try to pay down any credit cards and loans as much as possible before you apply for a mortgage, as having cards close to their limit instantly lowers your score. You should also make sure you pay more than the minimum each month on credit cards. If you pay the minimum, you’re just paying off the interest, so your debt never really goes down. There are online calculators that you can use to work out how long it will take to pay off your cards, so take a look at what a difference an extra payment of £10 or £20 per month can make to your overall balance. Pay on time If you’re the type who pays their bills whenever they remember, and regularly misses payments by a few days, then get out of bad financial habits now. Draw up a spreadsheet of your outgoings and which day they are due, and make sure that you pay bills a few days before this to allow the payments time to go through. If making manual payments is a pain, then consider setting up direct debits that debit your account soon after payday, so there’s no excuse to miss any. Getting a Good Credit Score can Improve Your Chances of Buying Your Dream Home Getting a better credit score can help you as a first time buyer, enter the mortgage market. It shows that you’re responsible with money and gives you a better opportunity to see the best mortgage deals. Many first time buyers only have a small deposit, so may be looking to borrow 90-95% of a property’s value, and to get these kinds of mortgages, you’ll need a great credit rating and no adverse credit on your file. Contact the team at Bennet Samways on 01335 818550 for more first time buyer property advice! Frequently Asked Questions About Improving Your Credit Score Do I need to pay to check my credit report? No, there are free credit report services in the UK via a credit reference agency. You can access your report directly from the three main credit reference agencies: Experian, Equifax, and Callcredit. What can negatively impact my credit score? Missed payments on bills, having a high credit card account balance, and not being registered to vote can all lower your credit score. How can I build a credit history if I’ve never borrowed money? Consider getting a secured credit card*. These require a deposit but function like a regular credit card, helping you build a positive credit history. Will paying my bills a few days late hurt my credit score? Yes, consistently missing payments or making late payments from your bank accounts can significantly damage your credit score. Set up automatic payments from a bank account or reminders to avoid missed payments. Important footnote: *The information in this article is for your general information and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by Bennet Samways and is not intended to be relied upon by users in making (or refraining from making) any financial decisions. Appropriate independent advice should be obtained before making any such decision. Any arrangement made between you and any third party is at your sole risk and responsibility. ...
Oct 15, 2024
As A Seller, What Do I Need To Know About Capital Gains Tax?
If you’re selling a property in Ashbourne & Derbyshire, you may have heard about Capital Gains Tax and may be wondering whether or not you’re liable to pay it. As experts in property, our team at Bennet Samways are on hand to give you all the guidance and information you need. Capital Gains Tax – An Overview Capital Gains Tax (or CGT) is taxation on the profits if you sell an asset that has grown in value. This definition can be confusing, so here’s an example of how it works. If you bought a property for £400,000 and then sold it for £450,000, the profit you have made is £50,000. That means you would need to pay CGT on the £50,000 profit, not on the full sale price of £450,000. Do All Property Sales Incur CGT? Not every property sale is liable for Capital Gains Tax. If the property you’re selling is your primary residence, you’ll automatically have eligibility for Private Residence Relief so long as: You’ve lived in the property as your primary home throughout the entire period you’ve owned it. Part of it hasn’t been let out (this doesn’t include having lodgers). No part of the property has been used exclusively for business purposes. Its grounds are under 5000sqm. The property wasn’t purchased solely to make gains. For these reasons, most sellers won’t be liable for CGT. When Must CGT Be Paid When Selling A Property? If you’re selling a second home, you’ll usually need to pay CGT. You’ll also usually be liable for Capital Gains Tax if you’re selling a buy-to-let home. If you inherit a property, you won’t need to pay any Capital Gains Tax until you decide to sell it, and if you’re gifting property to your civil partner, spouse, or a registered charity, no CGT is usually owed. How Do I Calculate Capital Gains Tax? To calculate the amount of CGT you owe, you need to subtract the price you paid for your property from its selling price to work out the profit. The government website has a handy online calculator that you can enter this figure into to determine the amount you need to pay, but there are some considerations to take into account first, since they could affect how much you owe overall: The Capital Gains Allowance. Your share of a jointly owned property. Allowed deductions such as estate agent and solicitors’ fees and home improvements. Tax relief. Special circumstances such as compulsory purchase. We always recommend you consult a Capital Gains Tax professional who will be able to answer questions relating to your individual circumstances. Selling Your Home If you’re ready to sell a property in Ashbourne & Derbyshire, whether it’s your primary residence, a buy-to-let property that you own, or a second home, get in touch with us here at Bennet Samways. We can help you with all your selling needs, and as experts you can count on us to offer you an exceptional level of service. Give us a call today on 01335 818550. ...
Oct 15, 2024
How Many Viewings to Sell a House? A Realistic Guide
So, you've decided to take the plunge and sell your house. Congratulations! It's an exciting time, but it can also be a little nerve-wracking. At Bennet Samways in Ashbourne & Derbyshire one of the most common questions sellers ask us is, "how many viewings to sell a house?" The truth is there's no magic number. The number of viewings it takes to find a buyer depends on a variety of factors. However, our guide will give you a realistic idea of what to expect. We’ve also got some tips to maximise your chances of a successful sale with minimal viewings. Market Matters: Hot or Cold? The UK property market fluctuates, and understanding the current climate is crucial. A hot market, with more buyers than sellers, generally means fewer viewings before an offer. Conversely, a cold market might require more viewings to find the right buyer. Here's a rough breakdown: Hot Market: You can expect a higher volume of viewings initially, especially in the first week or two. You might find yourself receiving offers after just a handful of viewings (think 5-10). Cold Market: You should be prepared for a more patient approach. While you might still get viewings early on, they may be more spread out (every week or two). The average number of viewings in a cold market could be higher (around 15-20). Remember, these are just averages. Your property in Ashbourne & Derbyshire and its unique selling points can significantly impact the number of viewings. Location, Location, Location When it comes to how many viewings to sell a house, the location of your property plays a significant role in attracting buyers. A desirable neighbourhood with excellent schools, good transport links, or proximity to amenities will naturally generate more interest and potentially fewer viewings before an offer. First Impressions Count: Appealing Presentation Let's face it, buyers are always looking for their dream home in Ashbourne & Derbyshire . So, make sure your house looks its absolute best to minimise viewings and entice offers quickly. Here are some presentation tips: Declutter and depersonalise: Potential buyers want to envision themselves in the space, not be surrounded by your family photos and thimble collections! Deep clean and stage: A sparkling clean and well-organised house makes a world of difference. Consider furniture placement and neutral décor to create a sense of space and light. Kerb appeal is key: First impressions matter. Ensure your garden is tidy and your front door looks inviting. Pricing it Right: Avoiding Overvaluation An accurate asking price is key to attracting the right buyers. Overpricing can deter genuine interest and leave your house lingering on the market. Work with a reputable estate agent like Bennet Samways : We will research comparable properties in your area and recommend a realistic asking price to maximise your chances of a quick sale with minimal viewings. Be flexible: While you might have an ideal selling price in mind, be prepared to negotiate within reason. Marketing Makes a Difference A strong marketing strategy by your estate agent can significantly reduce the number of viewings needed to find a buyer. We offer: High-quality photos and virtual tours: Professional photography showcases your home in its best light and allows potential buyers to get a good feel for the space without an initial viewing. Targeted online advertising: Reach the right audience by showcasing your property on relevant property websites and social media platforms. You can find us on all the main social media platforms. Open houses: Open houses can be a great way to generate interest and get multiple viewings in one go. Beyond the Numbers: Quality Viewings While the total number of viewings is important, the quality of those viewings matters too. Work with pre-qualified buyers: Your estate agent should always be able to pre-qualify potential buyers to ensure they are financially capable of purchasing your house. This saves everyone time and frustration and avoids unnecessary viewings. Feedback is your friend: Feedback from your estate agent after viewings helps you understand what aspects of your property resonate with buyers and identify areas for improvement, potentially reducing the need for further viewings. Remember: Be prepared: Having your property in tip-top shape and all the necessary documents ready reduces stress and can lead to a quicker sale. Be patient: Selling a house takes time. Don't get discouraged if you don't receive an offer after only a few viewings. Trust your agent: A good estate agent will guide you through the process, advise you on how many viewings to sell a house in your specific market, and negotiate on your behalf to get the best possible price. Conclusion Selling your house can be a smooth and successful experience. By understanding the factors that influence how many viewings to sell a house, presenting your property in its best light, and working with a reputable estate agent in Ashbourne & Derbyshire like Bennet Samways , you can minimise viewings and achieve a quick sale at the right price. A realistic approach, clear communication with your estate agent, and a bit of patience will go a long way in securing a buyer for your home. Bennet Samways are your local estate agents in Ashbourne & Derbyshire . Call us on 01335 818550 or email stuart@bennetsamways.co.uk to chat with a member of our friendly and experienced team....
Oct 25, 2024
The Definitive Guide to Staging Your Home in Ashbourne & Derbyshire
The property market can be very competitive, even cutthroat in some areas of the UK. So, when it comes to putting your home in Ashbourne & Derbyshire up for sale, you’ll want to make an effort as soon as possible. That’s why many sellers are now spending time ‘staging’ their houses, which basically means ensuring they look their best. Here’s our guide to staging your home in Ashbourne & Derbyshire, and how doing so could help you land a quick sale. Selling Can be a Slow Process There's no getting away from it; many factors have hit the UK housing market, from the tightening of lending guidelines to political uncertainty. According to recent data from leading property website Rightmove it takes on average, 65 days from the initial listing to the completion of the sale. This may appear a reasonable timeframe, however, this is just an average. Some properties may sell much faster, and others may take several months to sell. Even if you are in an area where properties get snapped up immediately, don’t be too complacent. You never know what the competition will be like or what factors might suddenly affect the sale of your home, so it’s still imperative to make your home as attractive as possible. Ways to Stage Your Home There are many different ways your home can be staged, but whichever way you choose, ‘staging’ just means showing your home in the best possible light. In some cases, it simply means decluttering and moving things around, while some people go as far as changing room colours and renting furniture. For homes at the higher end of the market, you can even hire a professional who’ll really show off the best features of your property. Here are some of the steps you should go through when staging a home. Get objective opinions about your home Your home is your castle, and no doubt you’ve carefully chosen every aspect, from the colour of your paintwork to the carpets. However, taste is subjective, so it’s important to get some outside opinions. As estate agents in Ashbourne & Derbyshire we are very good at this, as we know what sells a home and what might be setting it back - don't forget, we hear unfiltered opinions when we show people around your property. Look at similar homes in your area that have sold quickly and note their interior design, layout and their general vibe. In certain areas, particular styles of homes will sell faster, so pay attention to what buyers are looking for. Set a budget Prices for home staging can vary wildly, from practically zero if you’re just sprucing up your home yourself to thousands of pounds if you’re staging a luxury property and employing the services of a professional home staging company. If you’re serious about staging and are going to rent furniture and decorate certain rooms, it’s not unrealistic to spend a couple of thousand pounds. While this might sound like a lot, keep in mind that it’s just a small percentage of your asking price, so it may be worth the investment. Focus on the important rooms You may not have the budget to stage your entire home, so focus on rooms that really matter. Our experience tells us that the living room is the most important room to stage, followed by the master bedroom, as these are usually the first photos seen within your online property listing. When it comes to living areas, decluttering and maximising light should be a priority, ensuring they look as large as possible. However, don’t feel as though you have to remove all the personality from the room. A few photos, cushions and throws keep a cosy, liveable feel without cluttering. Bathrooms should have neatly folded towels, and kitchens should have a bowl of fresh fruit or some fresh flowers on display. Get the right furniture for the space The layout of your furniture is one of the key elements of staging. You want to create space, yet still keep the room looking functional. Stripping rooms of furniture can sometimes be a negative for buyers. For example, if they see a bedroom without a bed in it, they may be wondering whether their king-size will fit, or whether they’ll be constantly bashing their knees on it. Certain pieces of furniture are the focal point of a room, and if they’re looking a bit tired or worn-out, then it drags down the room. If your sofa has been well-loved by children and dogs, consider putting it in storage and renting a clean, modern one whilst you’re having viewings. Get the Right Advice on the Property Market Staging your home isn’t as complex as it sounds. It largely involves making your home as appealing as possible to as many buyers as possible, which in turn will help it sell faster. Whether you do it yourself or bring in a professional, it could mean your home spends less time on the market! For more advice on property matters, contact the team at Bennet Samways on 01335 818550 or call in and see us. Frequently Asked Questions About Staging a Home How important is staging the dining room? While the living room and master bedroom are key, consider staging the dining room too. Showcase its functionality by setting the table attractively. Do I need a lot of storage space for home staging? Declutter ruthlessly! Limited storage space is less noticeable when buyers see a clean, uncluttered room. Should I remove my coffee table when staging the living room? Not necessarily. Arrange furniture for conversation areas. A coffee table can be a focal point, but ensure enough space to move around comfortably. How can I make the most of natural light when staging my home? Open curtains and blinds throughout the day. Arrange furniture to avoid blocking natural light. This creates a bright and airy feel, a major selling point for potential buyers....
Oct 25, 2024
First Time Buyer? 4 Easy Ways to Improve Your Credit Score
First Time Buyer? 4 Easy Ways to Improve Your Credit Score When you take out your first mortgage, as with any financial product, you’ll have to go through a credit check to ensure your credit limits are appropriate. It’s normal to feel apprehensive about this process, as let’s face it, few of us have perfect credit. That’s why it’s worth trying to improve your credit score in the months before you apply for a mortgage, as a better score within your credit accounts can mean lower rates and a wider choice of lenders. With this in mind, here are four ways you can improve your credit score. 4 Ways to Improve Credit Scores Get a copy of your credit report There are lots of free and paid for credit report services in the UK, enabling you to access your information. We recommend you go directly to the three main credit reference agencies; Experian, Equifax and TransUnion (formerly Callcredit). When running your credit check, your lender or broker will usually use one or a combination of these services. Once you have your credit report, check it carefully for errors. It’s important to do this well in advance of applying for your mortgage, as it can take a while for changes to take effect. Some things that could be dragging down your credit rating include: Not being on the electoral register Late or missing bill payments Taking out a lot of credit in comparison to income Being financially linked to someone with bad credit, i.e. an ex partner Whilst you can’t erase a bad credit history, you can draw a line under it and become better with money, as well as correcting any mistakes that are bringing down your score. Borrow responsibly There’s one thing that can be just as worrying to lenders as a bad credit history, and that’s having no credit history at all. If you live with your parents and have never had a loan, credit card or car payments, then it’s possible you may have barely any credit history. This may seem like a good thing to you, but the reasons why lenders might find this troublesome is that they don’t know if you’re any good at handling money! If you’ve never had to balance a budget and pay off a utility bill every month, then how do they know if you can cope with making mortgage payments? The simplest solution to this is to borrow small amounts and pay them off monthly, before the interest charges kick in. Get a credit card* and use it for your day-to-day expenses, paying it in full each month. This will help you build a credit score. Just be careful not to be tempted to overspend. *The information above is for your general information and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by Bennet Samways and is not intended to be relied upon by users in making (or refraining from making) any financial decisions. Appropriate independent advice should be obtained before making any such decision. Any arrangement made between you and any third party is at your sole risk and responsibility. Don’t max out cards - and do pay more than the monthly minimum When you apply to borrow money, whether it’s a credit card or car finance, you get a credit limit, which is the maximum amount a lender will be willing to lend you. It’s important to realise that this is a limit, not a goal, so never go over it. Try to pay down any credit cards and loans as much as possible before you apply for a mortgage, as having cards close to their limit instantly lowers your score. You should also make sure you pay more than the minimum each month on credit cards. If you pay the minimum, you’re just paying off the interest, so your debt never really goes down. There are online calculators that you can use to work out how long it will take to pay off your cards, so take a look at what a difference an extra payment of £10 or £20 per month can make to your overall balance. Pay on time If you’re the type who pays their bills whenever they remember, and regularly misses payments by a few days, then get out of bad financial habits now. Draw up a spreadsheet of your outgoings and which day they are due, and make sure that you pay bills a few days before this to allow the payments time to go through. If making manual payments is a pain, then consider setting up direct debits that debit your account soon after payday, so there’s no excuse to miss any. Getting a Good Credit Score can Improve Your Chances of Buying Your Dream Home Getting a better credit score can help you as a first time buyer, enter the mortgage market. It shows that you’re responsible with money and gives you a better opportunity to see the best mortgage deals. Many first time buyers only have a small deposit, so may be looking to borrow 90-95% of a property’s value, and to get these kinds of mortgages, you’ll need a great credit rating and no adverse credit on your file. Contact the team at Bennet Samways on 01335 818550 for more first time buyer property advice! Frequently Asked Questions About Improving Your Credit Score Do I need to pay to check my credit report? No, there are free credit report services in the UK via a credit reference agency. You can access your report directly from the three main credit reference agencies: Experian, Equifax, and Callcredit. What can negatively impact my credit score? Missed payments on bills, having a high credit card account balance, and not being registered to vote can all lower your credit score. How can I build a credit history if I’ve never borrowed money? Consider getting a secured credit card*. These require a deposit but function like a regular credit card, helping you build a positive credit history. Will paying my bills a few days late hurt my credit score? Yes, consistently missing payments or making late payments from your bank accounts can significantly damage your credit score. Set up automatic payments from a bank account or reminders to avoid missed payments. Important footnote: *The information in this article is for your general information and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by Bennet Samways and is not intended to be relied upon by users in making (or refraining from making) any financial decisions. Appropriate independent advice should be obtained before making any such decision. Any arrangement made between you and any third party is at your sole risk and responsibility. ...
Oct 15, 2024
As A Seller, What Do I Need To Know About Capital Gains Tax?
If you’re selling a property in Ashbourne & Derbyshire, you may have heard about Capital Gains Tax and may be wondering whether or not you’re liable to pay it. As experts in property, our team at Bennet Samways are on hand to give you all the guidance and information you need. Capital Gains Tax – An Overview Capital Gains Tax (or CGT) is taxation on the profits if you sell an asset that has grown in value. This definition can be confusing, so here’s an example of how it works. If you bought a property for £400,000 and then sold it for £450,000, the profit you have made is £50,000. That means you would need to pay CGT on the £50,000 profit, not on the full sale price of £450,000. Do All Property Sales Incur CGT? Not every property sale is liable for Capital Gains Tax. If the property you’re selling is your primary residence, you’ll automatically have eligibility for Private Residence Relief so long as: You’ve lived in the property as your primary home throughout the entire period you’ve owned it. Part of it hasn’t been let out (this doesn’t include having lodgers). No part of the property has been used exclusively for business purposes. Its grounds are under 5000sqm. The property wasn’t purchased solely to make gains. For these reasons, most sellers won’t be liable for CGT. When Must CGT Be Paid When Selling A Property? If you’re selling a second home, you’ll usually need to pay CGT. You’ll also usually be liable for Capital Gains Tax if you’re selling a buy-to-let home. If you inherit a property, you won’t need to pay any Capital Gains Tax until you decide to sell it, and if you’re gifting property to your civil partner, spouse, or a registered charity, no CGT is usually owed. How Do I Calculate Capital Gains Tax? To calculate the amount of CGT you owe, you need to subtract the price you paid for your property from its selling price to work out the profit. The government website has a handy online calculator that you can enter this figure into to determine the amount you need to pay, but there are some considerations to take into account first, since they could affect how much you owe overall: The Capital Gains Allowance. Your share of a jointly owned property. Allowed deductions such as estate agent and solicitors’ fees and home improvements. Tax relief. Special circumstances such as compulsory purchase. We always recommend you consult a Capital Gains Tax professional who will be able to answer questions relating to your individual circumstances. Selling Your Home If you’re ready to sell a property in Ashbourne & Derbyshire, whether it’s your primary residence, a buy-to-let property that you own, or a second home, get in touch with us here at Bennet Samways. We can help you with all your selling needs, and as experts you can count on us to offer you an exceptional level of service. Give us a call today on 01335 818550. ...
Oct 15, 2024
How Many Viewings to Sell a House? A Realistic Guide
So, you've decided to take the plunge and sell your house. Congratulations! It's an exciting time, but it can also be a little nerve-wracking. At Bennet Samways in Ashbourne & Derbyshire one of the most common questions sellers ask us is, "how many viewings to sell a house?" The truth is there's no magic number. The number of viewings it takes to find a buyer depends on a variety of factors. However, our guide will give you a realistic idea of what to expect. We’ve also got some tips to maximise your chances of a successful sale with minimal viewings. Market Matters: Hot or Cold? The UK property market fluctuates, and understanding the current climate is crucial. A hot market, with more buyers than sellers, generally means fewer viewings before an offer. Conversely, a cold market might require more viewings to find the right buyer. Here's a rough breakdown: Hot Market: You can expect a higher volume of viewings initially, especially in the first week or two. You might find yourself receiving offers after just a handful of viewings (think 5-10). Cold Market: You should be prepared for a more patient approach. While you might still get viewings early on, they may be more spread out (every week or two). The average number of viewings in a cold market could be higher (around 15-20). Remember, these are just averages. Your property in Ashbourne & Derbyshire and its unique selling points can significantly impact the number of viewings. Location, Location, Location When it comes to how many viewings to sell a house, the location of your property plays a significant role in attracting buyers. A desirable neighbourhood with excellent schools, good transport links, or proximity to amenities will naturally generate more interest and potentially fewer viewings before an offer. First Impressions Count: Appealing Presentation Let's face it, buyers are always looking for their dream home in Ashbourne & Derbyshire . So, make sure your house looks its absolute best to minimise viewings and entice offers quickly. Here are some presentation tips: Declutter and depersonalise: Potential buyers want to envision themselves in the space, not be surrounded by your family photos and thimble collections! Deep clean and stage: A sparkling clean and well-organised house makes a world of difference. Consider furniture placement and neutral décor to create a sense of space and light. Kerb appeal is key: First impressions matter. Ensure your garden is tidy and your front door looks inviting. Pricing it Right: Avoiding Overvaluation An accurate asking price is key to attracting the right buyers. Overpricing can deter genuine interest and leave your house lingering on the market. Work with a reputable estate agent like Bennet Samways : We will research comparable properties in your area and recommend a realistic asking price to maximise your chances of a quick sale with minimal viewings. Be flexible: While you might have an ideal selling price in mind, be prepared to negotiate within reason. Marketing Makes a Difference A strong marketing strategy by your estate agent can significantly reduce the number of viewings needed to find a buyer. We offer: High-quality photos and virtual tours: Professional photography showcases your home in its best light and allows potential buyers to get a good feel for the space without an initial viewing. Targeted online advertising: Reach the right audience by showcasing your property on relevant property websites and social media platforms. You can find us on all the main social media platforms. Open houses: Open houses can be a great way to generate interest and get multiple viewings in one go. Beyond the Numbers: Quality Viewings While the total number of viewings is important, the quality of those viewings matters too. Work with pre-qualified buyers: Your estate agent should always be able to pre-qualify potential buyers to ensure they are financially capable of purchasing your house. This saves everyone time and frustration and avoids unnecessary viewings. Feedback is your friend: Feedback from your estate agent after viewings helps you understand what aspects of your property resonate with buyers and identify areas for improvement, potentially reducing the need for further viewings. Remember: Be prepared: Having your property in tip-top shape and all the necessary documents ready reduces stress and can lead to a quicker sale. Be patient: Selling a house takes time. Don't get discouraged if you don't receive an offer after only a few viewings. Trust your agent: A good estate agent will guide you through the process, advise you on how many viewings to sell a house in your specific market, and negotiate on your behalf to get the best possible price. Conclusion Selling your house can be a smooth and successful experience. By understanding the factors that influence how many viewings to sell a house, presenting your property in its best light, and working with a reputable estate agent in Ashbourne & Derbyshire like Bennet Samways , you can minimise viewings and achieve a quick sale at the right price. A realistic approach, clear communication with your estate agent, and a bit of patience will go a long way in securing a buyer for your home. Bennet Samways are your local estate agents in Ashbourne & Derbyshire . Call us on 01335 818550 or email stuart@bennetsamways.co.uk to chat with a member of our friendly and experienced team....
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