Monthly Archives: February 2011

A Happy New Year for Home Sale Network

A recent survey conducted by Home Sale Network indicated a promising start to the New Year. Over 91% of survey respondents saw an increase in the number of instructions in January 2011 compared to December 2010. Importantly 88% of respondents saw an increase in buyer enquires compared to the previous month with a quarter seeing more than a 50% increase.

When asked what was the most common buyer type, over half (54%) of Home Sale Network respondents saw more ‘trade up purchasers’ than any other registered buyer type in January.

As a national network of specially selected independent estate agents across England, Scotland and Wales, Home Sale Network is able to provide a good indication of the number of buyer enquiries and instructions in the current market.

James Rota, Director of Richard James the member of Home Sale Network in East Northants said, “With the majority of the Network reporting that there have been more buyer enquiries and instructions in January than at the end of 2010, it indicates a really positive start to 2011.

“If you’re thinking of moving then us contact today. As a Home Sale Network member, we are Wellingborough’s and Irthlingborough’s Local Expert and can help you find the right property.”

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Where’s the mortgage money?

This week saw “Project Merlin” put into force, an agreement for the largest UK banks to lend businesses £190bn this year.

There was no mention of more mortgage lending, why not?

Surely if the banks and lending institutions eased their criteria and lent more mortgage money to pent up homebuyers, this would act as a financial injection to many businesses instead of lending them money. Not only would estate agents and solicitors benefit from more proceedable buyers but so would many other associated businesses, such as removals, home furnishing, builders and D.I.Y. stores.

More mortgage lending would also generate more Stamp Duty for the Government and the associated knock on effect of retail sales would generate more V.A.T.

The banks seem to have found a new business model in the last three years, making big profits without lending money and taking risk. Many banks are reporting an increase in profit and a reduction in mortgage lending.

If this trend continues, the number of house transactions completed for this year will reduce again from last year’s figure of around 600,000. In 2007 this figure stood at around 1.2 million.

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New Website Launch

Richard Fowler and Gavin Hills with web designer Hughie Wilmshurst

We re-launched our website on 1st February with many new features, including a blog, better quality photographs, more information for prospective buyers and a more contemporary overall look.

Northampton based web design company, redesigned the site, this being the fifth generation site for us since our first in 1998. They have also designed our previous sites and have continued to support us in developing our technologies and web marketing.

We are big believers in quality marketing and feel our new site will give our clients the best opportunity to sell their property as we put massive emphasis on the standard of photography and accurate information so buyers are more qualified in their selection of which properties to view. Furthermore, we make all our properties easy for buyers to find on search engines.

Gavin Hills, Director of said, “We are proud again to have been asked to re-develop Richard James site, they were one of our first customers back in 1998 and it is good to continue our relationship with them. This new site is clearly a statement of their intentions as a business, they strive all the time to do more for their customers”.

Richard James not only market properties on their own website but on over twenty five national portals too.

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BBC Dragon’s Den star lowers his house asking price

Peter Jones

I spotted quite an interesting article over at zoopla (one of 25+ property portals that Richard James market your home from) about BBC Dragon’s Den star Peter Jones and how he has had to reduce his 6 bed mansion by  a whopping £150,000. Here’s an exert from their article:

Recently X-Factor judge Danni Minogue dropped her asking price by £50,000 and now it looks like Peter Jones, entrepreneur and TV personality from BBC Two’s fantastic Dragons’ Den has followed suit and (rumour has it) dropped the asking price on his 6-bedroom family home by £150,000 to £3,100,000, representing a 4.6% drop which was made on 23rd January.

Because it’s always good fun to see how the other half live, here are some photo’s of his pad:

Peter Jones

Peter Jones

Peter Jones

Peter Jones

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