Don’t you just love Phil and Kirsty, and there back again for another new series.
Catch the new series of Location, Location, Location on Wednesdays at 8pm on Channel 4.
Phil and Kirsty, like a favourite Aunty and Uncle they almost row in front of the nation on the great show
Property experts Phil Spencer and Kirsty Allsop were asked for advice on beating the house price slump. They are famous for their down to earth approach and no nonsense understanding of the UK house market. Below are there Top 10 Tips for beating the house Price Crash.
Phil and Kirsty Top Location Location location Tips
Phil and Kirsty from Relocation Relocation
1. Take Your Time
The advice we’d give in this market is largely the same as we’d give in any market. If you’re selling your house, don’t rush into buying. Take your time, even rent for a few months while you look to make sure. Any purchase in this OR ANY market should be for the long term, so it’s important to get it right.
2. Sit Tight
Here is some good advice in a recession from Kirsty Allsop.
Don’t engage with the market if you don’t have to. Unless you HAVE to move house, sit tight and wait it out.
3. Get A Good Deal
Phil from Relocation Relocation suggest you haggle hard when buying – bear in mind the house may soon be worth less than you paid for it – the market always has troughs and peaks.
4. Make Money from a Room
Rent out a room in your house. If you are struggling to make repayments on your mortgage, consider taking in a lodger to lighten the load.
5. Get a Kerb Appeal
The biggest challenge as a seller is getting people through the door – pay close attention to the exterior of your property.
6. Be Realistic
Phil and Kirsty often speak of being realistic. It’s all relative – remember, when house prices fall, you may take a hit on your own sale, but you can make this up when buying as the drop hits the whole market.
7. Sort Your Mortgage –its Costing You
For most people, their mortgage is their biggest debt – and in a credit crunch you want to limit your debt as much as possible. If you’re on an interest only mortgage, lessen your chances of negative equity by changing to a repayment. Before you do anything, though, seek professional advice from an independent financial advisor.
8. Take Advantage Of Rate Cuts
If you are already on a repayment, consider if you can take advantage of recent interest rate cuts to pay a little bit more of the capital each month. The more you pay, the faster you run from negative equity – and the quicker you’ll own your home outright.
9. Look After Your Property
Even if it’s not with a new bathroom or kitchen – keeping paintwork fresh, boilers regularly serviced and gardens well maintained can work wonders. And it’s cheaper to fix little problems rather than wait until they’re big ones.
10. Look For Innovative Ways To Get A Good Deal
Kirsty Allsop suggests house swaps are a good way to beat the stale market conditions. And for many types of people, like first time buyers, key workers or those in social housing, there are government and commercial schemes to help you get on the property ladder.
UPDATE: It seems Phil and Kirsty are really on form in the latest series on Channel 4
[…] This post was mentioned on Twitter by Your Right Move, Abraham. Abraham said: RT @YourRightMove: RT @yourrightmove Phil and Kirsty from Relocation Relocation http://ow.ly/1nJ5ND […]
Kirsty Allsop seems to have time to Twitter even while she’s filming location….don’t know how she fits it in
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dear phil and kristie l am looking for a apartment near the sea in wales and the money l have to buy one is £470.000and l would like a 3 bedrooms l have watched you on the tv since you started and l love you program very much can you please help me thank you .
Not too sure if Phil and Kirstie respond here, but all the best with your move
Please would Kirsty and Phil do a programe on renting. It is a minefield for those of us never likely to own our own house.
Does anyone know please – If I buy a house next door to a school would this limit my market when I come to resell – the school children seem to be well behaved walking to and from school and the school is a decent one – but do you think this might devalue the house / I could have problems reselling it in the future for this reason?? Thanks Azza 🙂 🙂
We live in a remote scenic village on the North West coast of Scotland and have been trying to sell our house for a year. I’ve been with a high street estate agent who don’t advertise on the prime sites like Rightmove/Primelocation. I’m thinking of changing estate agents who would be linked in with these site. I have seen ‘My Online Estate Agent’ which would disperse with the high street estate agent but not sure what the pitfalls maybe? Can anyone advise? Do Kirsty and Phil reply personally to queries? Thanks Fiona
We live in a remote scenic village on the North West coast of Scotland and have been trying to sell our house for a year. I’ve been with a high street estate agent who don’t advertise on the prime sites like Rightmove/Primelocation. I’m thinking of changing estate agents who would be linked in with these site. I have seen ‘My Online Estate Agent’ which would disperse with the high street estate agent but not sure what the pitfalls maybe? Can anyone advise? Do Kirsty and Phil reply personally to queries? Thanks Fiona
Hi we are having an old 3bed semi totally gutted,the bathroom is quite small it measures 2.1 by 2.4 would not putting a bath in devalue my property if or when I come to sell?Thanks Sue