The Property Podcast with Wards Estate Agent

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Welcome to The Property Podcast with Wards Estate Agent, hosted by Garry Wilson. This is a monthly podcast that will share with you all the latest Kent property news, as well as speaking with industry professionals to offer advice and tips that will hopefully help make your house moving journey a less stressful one.

  1. 11/28/2024

    S02E09: How Our Government Could Do Better To Help The Housing Market Part Two

    THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2  Episode 9 - How Our Government Could Do Better To Help The Housing Market: Part Two    Key Discussion Points:The State of Private Rented Sector (PRS): The need for a strategic plan if reducing investment in PRS.Importance of building social housing to fill rental gaps.Challenges Facing Tenants and Landlords: Rising rents make it difficult for tenants to save for homeownership.Legislative changes squeezing landlords financially.Potential solutions include rent control balanced with fair landlord profits.Legislation Impact on Landlords: Section 24 tax reforms affecting profitability.Importance of maintaining quality housing amidst increasing regulations.Government's Role in Affordable Housing: Need for increased supply through relaxed stamp duty surcharges.Encouragements like grants or support schemes could stabilize rents.Reputation Management within Industry: Misconceptions around landlords being wealthy; many are accidental or small-scale investors.Necessity for responsible media portrayal focusing on reality rather than sensationalism.Regulations & Professional Standards in Real Estate Industry: Call for compulsory licensing/qualifications across estate agents to ensure professionalism.Training initiatives at Wards ensuring staff are well-equipped to handle complex legislation effectively.Future Considerations & Closing Thoughts: – Emphasis on creating hope and opportunities for first-time buyers through innovative financial products like bonds inspired by French models.    For more insights into selling your property effectively within Kent’s dynamic market, visit wardsofkent.co.uk for free online valuations or book an appraisal today!   To listen to other episodes in the series, please head over to www.im-listening.co.uk  or wherever you listen to your podcasts

    28 min

  2. 11/21/2024

    S02E08: How Our Government Could Do Better To Help The Housing Market Part One

    THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2  Episode 8 - How Our Government Could Do Better To Help The Housing Market: Part One  Unlock the secrets to a balanced housing market in this episode of The Property Podcast with Wards! Join Garry Wilson and his esteemed guests as they delve into the pressing issues affecting the UK housing sector. From political will and funding challenges to innovative solutions for first-time buyers, this episode is packed with expert insights. Discover what a 25-year cross-party property manifesto could look like and explore imaginative strategies to make homeownership attainable.   Key Discussion Points:Long-Term Housing Strategy:Cross-Party Agreement: A call for a strategic plan spanning at least 25 years to ensure continuity beyond political cycles.Non-political Approach: Emphasising the importance of removing politics from long-term housing solutions.Immediate Actions Needed:Funding Challenges: Exploring funding sources and mechanisms to support balanced and accessible housing markets.Developer Uncertainty: Addressing developers' hesitance due to unpredictable government policies.Young Buyers & First-Time Homeownership:Affordability Crisis: Discussing barriers young people face entering the property ladder today compared to previous decades.Innovative Solutions Needed:Government-backed deposit schemes similar to France’s bond system.Expanding current home-buy programs beyond new builds.Stamp Duty Reform:Simplification needed across all levels; potential abolition or reduction for downsizers or specific age groups like over-sixties/seventies.Vacancy Taxes & Energy Efficiency Incentives:Introducing vacancy taxes on empty properties could incentivize repurposing them into affordable homes.Industry Responsibility & Innovation:Encouraging brave thinking within the industry itself rather than relying solely on governmental action.Additional Insights:Energy Efficiency Integration: Link energy efficiency improvements directly with incentives such as reduced stamp duty rates or council tax discounts. Zoning Laws & Red Tape Reduction: Advocate for relaxed zoning laws and reduced bureaucratic hurdles that inhibit development projects. Closing RemarksA collaboration between government initiatives and private sector innovation is a crucial driver in creating a sustainable future for UK housing. Tune in next week for Part 2 where we continue this compelling discussion!         For more insights into selling your property effectively within Kent’s dynamic market, visit wardsofkent.co.uk for free online valuations or book an appraisal today!   To listen to other episodes in the series, please head over to www.im-listening.co.uk  or wherever you listen to your podcasts

    23 min

  3. 11/14/2024

    S02E07: Autumn 2024 Budget Review | Good or Bad for the Housing Market?

    THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2  Episode 7 - Autumn 2024 Budget Review | Good or Bad for the Housing Market?   Key Discussion PointsStamp Duty ChangesIncrease for Second Properties: An immediate increase from 3% to 5% stamp duty on additional properties.Impact on Landlords: Higher costs may deter some investors; potential rent increases as landlords offset new expenses.Market ReactionsImmediate Impact: Buyers reconsidering purchases due to sudden tax changes; pressure on estate agents to renegotiate deals.Chain Disruptions: Knock-on effects impacting entire property chains.Capital Gains Tax AdjustmentsRates remain unchanged for property but increased for other assets.Overseas Investment ConcernsPotential future changes in non-domicile tax status could affect foreign investment appeal in UK properties.Mortgage Interest RatesCurrent rates seen as sustainable despite economic uncertainties.First-Time Buyer ChallengesUpcoming reversal of stamp duty thresholds could prompt a rush before April 2025 deadline.Missing Elements from the BudgetFirst-Time Buyer Support: Lack of schemes like Help to Buy limits options for new buyers entering the market.Planning Restrictions Reform: Need for easing planning restrictions to boost housing supply.Closing Thoughts:There's an urgent need for comprehensive reforms in taxation policies related to real estate and emphasises educating first-time buyers about forthcoming financial impacts due to policy shifts. For more insights into selling your property effectively within Kent’s dynamic market, visit wardsofkent.co.uk for free online valuations or book an appraisal today!   To listen to other episodes in the series, please head over to www.im-listening.co.uk  or wherever you listen to your podcasts

    39 min

  4. 11/07/2024

    S02E06: How AI And Technology Will Change The Future Of Buying A House

    THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2  Episode 6 - How AI And Technology Will Change The Future Of Buying A House Key Points:1. Introduction and Context: Emphasis on estate agency as a people-centric business despite technological advances.2. Impact of Technology on Estate Agency: Evolution Over Time: Transition from traditional methods (1980s) to modern online property portals.Enhanced marketing reach and data-driven insights through online platforms.Changing Business Practices: Shift from newspaper mass-marketing to detailed local knowledge and personalized service.Utilisation of actionable data from online portals for better decision-making.3. Challenges and Competitive Landscape: Increased competition due to global reach via technology.Rising standards for quality property presentation (photos, descriptions).Persistence of personal touch amidst emerging online-only models.4. Technological Innovations: VR and AI: Virtual reality tours, 3D views, video calls – pivotal during COVID-19.AI enhancing services with chatbots, data analytics for staff training/coaching.Emerging Technologies: Augmented reality headsets for space visualisation.Use of drones for quick surveys/virtual tours.AI applications in customer interactions & sentiment analysis.5. Maintaining Security and Human Touch: Data Security: Importance of GDPR compliance, phishing awareness, encryption practices.Balancing Technology with Human Interaction: Empathy reduces client anxiety during home buying/selling processes.Technology enhances but does not replace personal interactions; offering both digital/in-person services based on client preferences.    For more insights into selling your property effectively within Kent’s dynamic market, visit wardsofkent.co.uk for free online valuations or book an appraisal today!   To listen to other episodes in the series, please head over to www.im-listening.co.uk  or wherever you listen to your podcasts

    23 min

  5. 10/31/2024

    S02E05: A Career In Estate Agency

    THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2  Episode 5 - A Career In Estate Agency 🏡 Key Topics Discussed📞 The Importance of Great ConversationsThe phone as an agent's best friend.Building relationships through meaningful conversations.Seeing customer support as a privilege.👩‍💼 Career Paths in Estate AgencySuitable backgrounds for aspiring estate agents.Traits that make successful professionals:Passion for property.Excellent telephone manner.Empathy and resilience.💼 Transferable Skills & TrainingImportance of great customer service skills.Continuous training from day one; classroom and field training included.🌟 Values & Company CultureHonesty, integrity, respect – core values lived daily by employees.Community involvement through charity work like climbing Snowdon or walking the Seven Sisters.🏆 Competitions & RewardsFun competitions within the company offering trips to New York or Europe based on performance metrics like customer experience points.🌐 Technology & Social Media in RecruitmentAlice McDonald discusses how technology plays a crucial role: Use of social media platforms (Facebook, Instagram, LinkedIn) to showcase company culture and vacancies.Positive reviews on Glassdoor and Indeed help attract potential candidates.🚀 Day-to-Day Life as an Estate AgentA typical day includes: Morning meetings with coffee discussing previous days’ business.Booking appointments and liaising with mortgage advisers.Viewing properties or hosting open house events in the afternoon.🤝 Interview Process InsightsClaire Goodenough explains what applicants can expect: Fast response times (within 24 hours).Initial Teams meeting interview lasting about 20–30 minutes focused on getting to know you as a person.💬 Final Thoughts: People Over Property?Being people-oriented is more important than just having expertise in property when it comes to succeeding in this industry. For more insights into selling your property effectively within Kent’s dynamic market, visit wardsofkent.co.uk for free online valuations or book an appraisal today!   To listen to other episodes in the series, please head over to www.im-listening.co.uk  or wherever you listen to your podcasts

    26 min

  6. 10/23/2024

    S02E04: First-Time Mortgages Explained

    THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2  Episode 4 - First Time Mortgages Explained Basic Explanation of Mortgages:Definition: A mortgage is a long-term loan (typically 25-35 years) with lower interest rates than standard loans, aimed at property acquisition.Key Nature: Large loan over a long period with a smaller interest rate.Types of Mortgages and Considerations for First-Time Buyers:Deposit Requirement: Minimum 5%.Lender Schemes: Parent-backed savings for mortgage security.First Home Scheme offering properties at 30% less market value.Favourable rates on new builds.Evaluation Parameters: Single income: 4.5 times the salary.Joint income: Combined income times 4.5.Financial Assessments: Lenders check three months of bank statements and payslips. Self-Employed Borrowers:Requires two years of trading profit records. Assessment includes available funds and repayment capabilities. Credit Scores:Importance: Reflects payment reliability and borrowing history. Improvement Tips: Timely bill payments.Managing existing debt.Mitigation options exist even without credit history or minor past defaults.Interest Rates and Repayment Structures:Types: Fixed Rates Recommended for predictability and budgeting.Variable Rates Could fluctuate based on market conditions.Advisement: Consulting a mortgage adviser for tailored solutions is recommended. Important Considerations for Long-Term Affordability:Evaluating stable monthly payments in relation to income and expenses is crucial—planning based on potential changes like family planning or job changes helps ensure sustainability. Repayment & Exit Fees:Nature: Charges apply when exiting a preferential rate mortgage early. Common Allowance:* Lenders often permit up to10% overpayment per year without fees.Guarding against exit fees involves careful calculation when planning refinancing. Protection Policies:Income protection plans can cover mortgage payments in case of illness or job loss. Final Tips & Golden Rules For First-Time Buyers:1 Understand Personal Finances Assess affordability monthly basis 2 Agreement In Principle (AIP) Obtain it without paying fees 3 Register With Estate Agents For early access to properties before they hit portals 4 Organise Paperwork Prepare bank statements, payslips and other required documents expedite process For more insights into selling your property effectively within Kent’s dynamic market, visit wardsofkent.co.uk for free online valuations or book an appraisal today!   To listen to other episodes in the series, please head over to www.im-listening.co.uk  or wherever you listen to your podcasts

    17 min

  7. 10/16/2024

    S02E03: How To Make Money From Your Property

    THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2  Episode 3 - How to Make Money from Your Property Key Discussion Points:Long-Term Family-Oriented Tenants vs. High-Income Transient Renters Properties in family-centric areas often attract long-term tenants.Premium locations tend to draw high-income but transient renters.Business Approach to Letting Properties Rental properties should be viewed as businesses.Compliance with safety regulations is crucial (e.g., electrics, gas).Renovation and Investment Strategy Keep improvements classic and neutral for broad tenant appeal.Avoid over-personalising renovations.Types of Property Investments Investors may seek either capital growth or immediate rental income.Understanding financial goals is essential (capital appreciation vs high yields).Challenges of Renting by Room Requires careful consideration of licensing laws and occupancy rates.Increased management workload needs thorough calculation for viability.Importance of Professional Advice Despite online resources, consulting a lettings expert can prevent costly mistakes. Choosing the Right Property Consider demographic stability; less desirable areas might offer stable prospects. Maximising Land Value Introduce developers familiar with local planning systems.Explore options beyond residential development e.g., commercial uses or retirement facilities.Timing & Planning Applications  There’s no universally best time; appropriate developer submission optimizes value. Future Prospects & Government Influence: Optimism due to government policy changes emphasizing certain development areas. Detailed Insights:Local Planning Authorities (LPAs) Governed by National Planning Policy Framework dictating housing needs in specific areas.Selecting Developers Choose developers who understand local authority regulations.Land Separation for Private Individuals Subdividing land creates additional opportunities but requires awareness of tax implications.Investment Opportunities in Kent -Factors include resale values constraints like flooding risks regulatory limitations Greenbelt AONB etc     For more insights into selling your property effectively within Kent’s dynamic market, visit wardsofkent.co.uk for free online valuations or book an appraisal today!   To listen to other episodes in the series, please head over to www.im-listening.co.uk  or wherever you listen to your podcasts

    36 min

  8. 10/09/2024

    S02E02: I'm Unhappy With My Estate Agent

    THE PROPERTY PODCAST with WARDS ESTATE AGENT SERIES 2  Episode 2 - I’m Unhappy with My Current Estate Agent **Key Points:** 1. **Estate Agency Agreements:**   - Read through agreements carefully.   - Understand terms like sole agency (one agent) vs multi-agency (multiple agents).   - Sole agency often gives a better impression and commitment but know how long you’re committed. 2. **Fees & Services:**   - Be clear on charges including VAT.   - Some services may incur extra fees (e.g., photography). 3. **Termination:**   - Notice periods are typically 14 days post-fixed term.   - Agents will charge if they introduced the buyer even privately sold properties under sole selling rights. 4. **Rights & Complaints:**    - Know your rights; all agents must belong to a redress scheme like The Property Ombudsman.    - Formalize complaints via email or letter if necessary before involving the ombudsman for unresolved issues. 5. **Switching Agents:**    – Ensure full release from previous agreement before signing new one.    – Obtain list of prospective buyers from outgoing agent for clarity in future dealings. For trusted advice, visit The Property Ombudsman's website or contact their consumer guides directly for accurate information rather than relying solely on hearsay. To sum up: - Serve out required notice - Get confirmation you're free to instruct another agent - Keep track of applicants introduced by both old and new agents Common misconceptions about estate agents include beliefs that they handle every aspect alone—many professionals play crucial roles in successful transactions.   For more insights into selling your property effectively within Kent’s dynamic market, visit wardsofkent.co.uk for free online valuations or book an appraisal today!   To listen to other episodes in the series, please head over to www.im-listening.co.uk  or wherever you listen to your podcasts

    18 min
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Welcome to The Property Podcast with Wards Estate Agent, hosted by Garry Wilson. This is a monthly podcast that will share with you all the latest Kent property news, as well as speaking with industry professionals to offer advice and tips that will hopefully help make your house moving journey a less stressful one.

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