House prices: Kirstie Allsopp discusses impact of pandemic
The nation’s favourite property duo Phil Spencer and Kirstie Allsopp will be returning to Britons’ screens tonight for the latest instalment of their series Love It or List It. The show sees Pul and Kirstie go head-to-head as they try convince homeowners to either sell or refurbish their homes. Kirstie, who also has her own shows such as Kirstie’s Vintage Gems, Kirstie’s Handmade Christmas and Kirstie: Keep Crafting and Carry On, showcases her DIY skills while Phil tries to find homeowners their dream home elsewhere.
A few years ago, the duo made their own app called Kirstie and Phil’s House Hunter.
The app was essentially a guide for buyers looking to find the homes of their dreams with tips and advice fro the property experts.
The property experts spoke with Radio Lynx Content in a video on YouTube in 2011 about the app but also about the biggest pitfalls buyers face when finding a property.
Kirstie explained what one of the biggest pitfalls buyers fall into when purchasing a property.
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She said: “Lack of preparation is the number one mistake.
“Not knowing what your budget is before you go out and window shop.”
Phil agreed, saying: “You’ve got to sort your budget out first.”
The property expert also said that there are mistakes people can make further on down the line when you’ve decided you want to make an offer.
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Kirstie said: “Further on down the line, people are nervous about making offers.
“The vast majority of the British public don’t make offers below the asking price.”
She added that once the transaction process begins, buyers should be firm with solicitors as well as estate agents.
“And then people are perhaps too respectful of the solicitors who should be bullied as much as the estate agent,” she explained.
Phil added: “Solicitors are providing you with a service, you’re paying the bill so you need to demand the service.”
Buying a house and then moving in costs more than most people think.
As well as the deposit, stamp duty land tax and valuation fee, there are several other costs involved.
If you’ve used an estate agent, they charge a fee; surveyors which will look at a home’s condition can cost a few hundred pounds and solicitors or licensed conveyors can also cost just below £1,000.
There’s also the cost of the electronic transfer fee, removal costs and mortgage fees such as booking, arrangement and mortgage valuation.
Once you’ve bought your home and moved in, there will also be the cost of any repairs or renovations, insurance and the cost of running your home.
Phil added: “Buying a house is such a complicated process.”
Love It or List It with Kirstie Allsopp and Phil Spencer will air tonight on Channel 4 at 8pm.
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