FIFE PROPERTY MARKET UPDATE – 16th – 22nd JULY 2023 (Watch/Listen)

Jim Parker July 23, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–16th–22nd-JULY-2023-e279938 

 

Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:

Article, Podcast and TV Shows written and produced this week are:

 

FP TV (EP 152) TOO MANY TENANTS: How do you pick the best of the best for your rental property?

It sounds like a landlord’s dream come true: a shortage of rental homes, multiple tenants competing for each one, and rents going through the roof. It’s the same story for almost every property to rent, but the flood of enquiries can be overwhelming. So how do you avoid getting bogged down in a sea of viewings and admin? Lettings Director Richard Cook and Jim Parker provide an insight into how this process works.

(Watch/read/listen) https://fifeproperties.co.uk/blog/fp-tv-ep-150-too-many-tenants-how-do-you-pick-the-best-of-the-best-for-your-rental-property/

 

 

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EP 81 THE WEALTH CREATION SHOW: Are Distractions Losing You Money? (Watch/Listen)

Jim Parker July 21, 2023

 

 

PODCAST:  https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP-81-THE-WEALTH-CREATION-SHOW-Are-Distractions-Losing-You-Money-e27a5vv

 

Success in business does not comes easily and you will inevitably be faced with challenges along the way.

Often, we allow distractions to invade our lives and the key to moving forward is being able to spot some of the most common distractions and eliminate them before they infiltrate any further.

Are you a ‘yes’ man? Don’t be.

Do you listen to too many people? Don’t do that, either!

Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to discuss

 

If you’ve missed the previous shows you can catch up on our play list: https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to [email protected]

 

This is all about accelerating your wealth in 2023.

 

*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.

 

UK House Price Index Scotland and Fife: May 2023 (Watch/Listen)

Jim Parker July 19, 2023

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/UK-House-Price-Index-Scotland-and-Fife-May-2023-e276cvc

 

Economic statement

Average house prices in Scotland increased by 3.2% in the 12 months to May 2023. This was up from 1.8% the 12 months to April 2023 and was faster than the average UK house price annual inflation of 1.9% in the 12 months to May 2023.

On a non-seasonally adjusted basis, average house prices in Scotland increased by 3.0% between April 2023 and May 2023, compared with an increase of 1.6% during the same period 12 months ago. On a seasonally adjusted basis, average house prices in Scotland increased by 2.2% between April 2023 and May 2023.

Comparing the provisional UK HPI volume estimate for March 2022 with the provisional UK HPI volume estimate for March 2023, the volume of transactions decreased by 0.6% in Scotland and by 9.6% in the UK.

In Scotland, detached houses showed the highest annual percentage change out of all property types, increasing by 4.1% in the 12 months to May 2023 to £345,000. Semi-detached houses showed the lowest annual percentage change, which increased by 1.9% in the 12 months to May 2023 to an average price of £202,000.

The highest annual percentage change was in East Lothian, where average house prices increased by 16.1% in the 12 months to May 2023 to £339,000. The lowest annual percentage change was in West Dunbartonshire, where average house prices decreased by 4.0% in the 12 months to May 2023 to £130,000.

As with other indicators in the housing market, which typically fluctuate from month to month, it is important not to put too much weight on one month’s set of house price data.

 

 

FP TV (EP 152) TOO MANY TENANTS: How do you pick the best of the best for your rental property? (Watch/Read/Listen)

Jim Parker July 18, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FP-TV-EP-152-TOO-MANY-TENANTS-How-do-you-pick-the-best-of-the-best-for-your-rental-property-e278s04

 

It sounds like a landlord’s dream come true: a shortage of rental homes, multiple tenants competing for each one, and rents going through the roof.

 

It’s the same story for almost every property to rent in YOUR TOWN, but the flood of enquiries can be overwhelming. So how do you avoid getting bogged down in a sea of viewings and admin?

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The Rise of Bungalows in the Fife Property Market (Watch/Read/Listen)

Jim Parker July 17, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/The-Rise-of-Bungalows-in-the-Fife-Property-Market-e274tej

 

During the pandemic, the property market experienced a surge in demand for larger Fife homes with spacious gardens. However, the tides are shifting, and a new trend is emerging. The combination of an ageing Fife population, the post-Covid trend for early retirement and economic uncertainty has sparked a newfound love for downsizing.

 

And surprisingly it is the bungalow, often overlooked in favour of more glamorous options, that is now left, right and most certainly centre in the spotlight.

 

As average mortgage rates have risen above 6%, middle-class families facing financial constraints seek alternatives to their larger homes.

 

Bungalows are becoming increasingly the preferred choice for those looking to downsize.

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FIFE PROPERTY MARKET UPDATE – 9th – 15th JULY 2023 (Watch/Listen)

Jim Parker July 16, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–9th–15th-JULY-2023-e270qpr

 

Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:

Article, Podcast and TV Shows written and produced this week are:

 

FP TV (EP 147) ACCURATE VALUATIONS: How do you know you’re getting the right price?

 

Price is everything when selling your home. It doesn’t matter where you live, what you live in or what condition it’s in – if the price is wrong, you’ll be out of pocket or stuck where you are.

 

Jim Parker and Richard Cook provide an insight into the property valuation process and then how your estate agent manages the sale of your property to get an acceptable conclusion.

 

(Watch/Read/Listen) https://fifeproperties.co.uk/blog/accurate-valuations-how-do-you-know-youre-getting-the-right-price/

 

 

Why Does it Take 116 Days to Sell a House in Fife?

Discover why it’s taking Fife homeowners 116 days to sell their properties in this insightful article. Don’t miss out on understanding the breakdown of these 116 days and the factors influencing the process.

Jim Parker explains why this is happening and what it means for sellers and their buyers in Fife.

(Watch/Read/Listen) https://fifeproperties.co.uk/blog/why-does-it-take-116-days-to-sell-a-home-in-fife/

 

 

Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:

 

EP 80 THE WEALTH CREATION SHOW: Financial Independence vs Financial Freedom?

Often, financial freedom and financial independence are used interchangeably.

But are they indeed one and the same?

What would happen to your life if you were to lose your job today? Would you still have enough income via sources other than your salary to cover your basic living expenses? Do you have an emergency fund ready as a backup? How about enough income to indefinitely fund your current lifestyle?

Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to discuss

 

(Watch/listen) https://fifeproperties.co.uk/blog/the-wealth-creation-show-financial-independence-vs-financial-freedom/

 

If you’ve missed the previous shows you can catch up on our play list: https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to [email protected]

 

This is all about accelerating your wealth in 2023.

 

*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.

 

EP 80 THE WEALTH CREATION SHOW: Financial Independence vs Financial Freedom? (Watch/Listen)

Jim Parker July 14, 2023

 

 

PODCAST:  https://podcasters.spotify.com/pod/show/fife-properties/episodes/EP-80-THE-WEALTH-CREATION-SHOW-Financial-Independence-vs-Financial-Freedom-e271lgp

 

Often, financial freedom and financial independence are used interchangeably.

But are they indeed one and the same?

What would happen to your life if you were to lose your job today? Would you still have enough income via sources other than your salary to cover your basic living expenses? Do you have an emergency fund ready as a backup? How about enough income to indefinitely fund your current lifestyle?

Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to discuss

 

If you’ve missed the previous shows you can catch up on our play list: https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to [email protected]

 

This is all about accelerating your wealth in 2023.

 

*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.

 

 

FP TV (151) ACCURATE VALUATIONS: How do you know you’re getting the right price? (Watch/Read/Listen)

Jim Parker July 11, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FP-TV-EP-147-ACCURATE-VALUATIONS-How-do-you-know-youre-getting-the-right-price-e26vhv9

 

Price is everything when selling your home. It doesn’t matter where you live, what you live in or what condition it’s in – if the price is wrong, you’ll be out of pocket or stuck where you are.

 

Accurate valuations are fundamental to a successful move, but they’re not an exact science. You might even have noticed similar homes selling for wildly different prices on the same street.

 

A bit like a recipe, an accurate valuation requires a delicate balance of ingredients for the perfect result, including:

 

  • Attracting buyers in the first place
  • Getting you the best possible price
  • Passing the surveyor’s valuation
  • Meeting your ideal moving date
  • Securing your next dream home

When just one of those doesn’t work out, disappointment and doubt can sour relations with your agent if your move looks at risk.

Our business and reputation depend on selling your home, how much we achieve and how soon we get it, so our blog this week covers everything you need to know about how we get it right.

 

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Why Does it Take 116 Days to Sell a Home in Fife? (Watch/Read/Listen)

Jim Parker July 10, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/Why-Does-it-Take-116-Days-to-Sell-a-House-in-Fife-e26qgi5

 

The average time to sell a house in the UK from start to finish is 170 days, equivalent to 24.3 weeks or 5.6 months from the first day of marketing to legal completion, whilst in Fife it’s 116 days.

 

The actual time can vary depending on market conditions, location, property type, and pricing strategy, so in this article I delve deeper. Here is a breakdown of that 116 days.

 

Step 1 – Time to Accept an Offer:

On average, nationally, it takes 50 days (up from 43 days in 2022) to accept an offer on a property. This time starts with placing the property on the market, viewings, negotiating an offer and reaching an agreement with a potential buyer.

 

In Fife, it is taking 34 days on average to agree a sale on a property.

 

Again, the type of Fife property makes a huge difference as well.

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FIFE PROPERTY MARKET UPDATE – 2nd – 8th JULY 2023 (Watch/Listen)

Jim Parker July 9, 2023

 

 

PODCAST: https://podcasters.spotify.com/pod/show/fife-properties/episodes/FIFE-PROPERTY-MARKET-UPDATE–2nd–8th-JULY-2023-e26o67h

 

Weekly round up on what’s driving the Fife Property market including a look at recent listings, sales and coming soon:

Article, Podcast and TV Shows written and produced this week are:

 

FURNISHED LETTINGS: Could you boost the income of your rental property by 21%?

 

To furnish or not to furnish? That hasn’t been the question for as long as we can remember – it’s been unfurnished all the way. Jim Parker and Kerin Marshall discuss the pros and cons of letting furnished accommodation.

 

(Watch/Read/Listen) https://fifeproperties.co.uk/blog/furnished-lettings-could-you-boost-the-income-of-your-rental-property-by-21/

 

 

Unlocking Fife’s Property Market Potential: Unveiling the Saleability Secrets!

Attention, Fife homeowners! Are you curious to know how scalable your home is in the ever-evolving Fife property market? Discover the factors that make Fife properties sell like hotcakes or linger on the market. Jim Parker unlocks the secrets of saleability and empowers you to make informed decisions. Don’t miss out! Click the link below to delve deeper into the Fife property market!

(Watch/Read/Listen) https://fifeproperties.co.uk/blog/unlocking-fifes-property-market-potential-unveiling-the-saleability-secrets/

 

 

ZOOPLA UK HOUSE PRICE INDEX REPORT – JUNE 2023

 

Executive summary

  • House price inflation slows to +1.2% as quarterly growth rate turns positive following pick-up in

sales activity over Spring

 

  • Quarterly price falls set to return in H2 as higher mortgage rates hit buying power by up to 20%
  • Jump in proportion of sellers having to accept discounts to asking price of more than 5% in recent

weeks rises to 42%– returning to 2018 levels

 

  • UK house prices still on track to fall by up to 5% over 2023
  • Further downside risk if we see an acceleration in supply of homes for sale that boosts choice and

further room for negotiation

 

  • Anyone serious about selling in 2023 needs to be realistic on pricing
  • Drawn out realignment of house prices and household incomes ahead

 

Jim Parker provided an insight into the latest house price index report.

 

(Watch/Listen) https://fifeproperties.co.uk/blog/zoopla-uk-house-price-index-report-june-2023/

 

 

Watch out for the Wealth Creation Show on Mondays @ 12.30pm live on these channels:

 

EP 79 THE WEALTH CREATION SHOW: How Important is Teamwork?

Being a lone Wolf or jack-of-all-trades in today’s world does not bring about success if you are unable to work as part of a team. For most people this is the only thing holding them back from reaching meteoric success. So how do you develop teamwork mindset and why is it so important?

 

Luckily, you don’t need to head back to school to understand this as Lettings Director, Richard Cook and one of the UK’s most successful property investors, Jim Parker is on hand to discuss the 5 reasons why teamwork is important and why it matters to you!

 

(Watch/listen) https://fifeproperties.co.uk/blog/the-wealth-creation-show-how-important-is-teamwork/

 

If you’ve missed the previous shows you can catch up on our play list: https://www.youtube.com/playlist?list=PLu-dtDBNhbLJvH_47QHVWEQSB0w2_KGj9

 

If you are a private client of ours, including the ongoing support you can also receive one to one mentoring on portfolio building. Please contact us to [email protected]

 

This is all about accelerating your wealth in 2023.

 

*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.

 

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