News and Videos
- Hits: 2
- Save for a deposit: Saving a deposit is one of the most important things first time buyers can do when buying property. The larger the deposit, the smaller the mortgage will be and the less interest will be paid over the life of the loan.
- Get a mortgage pre-approval: Getting a mortgage pre-approved will give first time buyers an idea of how much they can afford to spend on a property and will help them to narrow down their search.
- Shop around for a mortgage: First time buyers should shop around for a mortgage to find the best interest rates and terms.
- Consider co-buying: Co-buying a property with friends or family can help first time buyers to afford a property that they may not be able to afford on their own.
- Renting out a room: Renting out a room to a tenant can help first time buyers to cover the costs of their mortgage and other expenses.
- Be realistic: First time buyers should be realistic about what they can afford and should not stretch themselves financially to buy a property. It's better to wait and save more money before buying a property than to take on a mortgage they can't afford.
- Seek advice: First time buyers should seek advice from a financial advisor, estate agent, or mortgage broker to get a better understanding of the process of buying a property and the best options available to them.
- Hits: 168
Are you eligible for a Green Living Grant?
If sustainability and being eco-friendly is something you are passionate about you may be eligible to apply for the ‘Green Living Grant’. The scheme is run by the Department for Enterprise and is part of the Isle of Man Government's plan to reach net zero by 2050. Whether you are a homeowner or a landlord you can apply for the grant which can help towards the cost of installing energy efficient improvements to your home, such as solar panels, air source heat pump, double glazing etc.
How much can you get?
The scheme provides up to a maximum of £6000 per property, financial support of up to 75% for values less than £1000 and 50% for recommended works with a value over £1000.
Are you eligible?
You may be eligible if you live in the Isle of Man and:
- Be the owner, a tenant of eligible premises, a person acting on behalf of the owner of eligible premises or the landlord
- Applications can only be accepted from individuals (spouse, partner); applications cannot be accepted from businesses
- An applicants gross income, together with that of their spouse/partner, must not exceed £112,000 gross per annum for the income tax year preceding that in which the application is submitted
- Pass both a Manx Home Energy Audit and be rated D or lower
You cannot get the Green Living Grant if your home was built after 1 January 2020.
To find out more about the grant and how to apply, go to https://www.iomdfenterprise.im/green-living/
- Hits: 841
You may have noticed a new addition to our website – W3W Pinpoint link.
What3Words is a location tool which allows us to share a pinpoint location. We can point to a specific parcel of land, identify a desired entrance to use or even a parking space. His is a great tool to share with family and friends when showing them the house you are looking at or a place to meet before a viewing.
What3Words have split the world into 3m squares and gives each one a unique identifier made from 3 words. The words can’t be chosen and can often be quite quirky but a fun tool to use.
Learn how to use what3words here: http://what3words.com/how-to-use-the-what3words-app
Find Grays at https://w3w.co/mergers.blacked.crab
- Hits: 13
How to analyse your local market
- Research current market trends: Look at data on property prices, sales volumes, and rental rates in different areas to identify patterns and trends. This will give you an idea of the current state of the market and how it is likely to change in the future.
- Analyse economic indicators: Keep an eye on broader economic indicators such as GDP growth, inflation, and unemployment rates, as these can have a significant impact on the property market.
- Study demographic data: Look at population growth and migration patterns, as well as the age and income of residents in different areas. This will give you an idea of the types of properties that are in demand and who is most likely to be buying or renting.
- Look at supply and demand: Analyse the balance between the number of properties for sale or rent and the number of buyers or renters in the market. This will give you an idea of how competitive the market is and how long it might take to sell or rent a property.
- Analyse the rental market: Keep an eye on rental rates and the demand for rental properties, as this can provide insight into the stability and overall health of the market.
- Follow the news and property market experts: Keep an eye on property-related news and follow experts in the industry to stay informed about the latest developments in the UK property market.
- Hits: 227
Getting your home ready for photographs
A picture is worth a thousand words and that’s true when it comes to marketing your property for sale. At Gray’s we take pride in what we do and showcase your home at its very best. You can also help to prepare your home – here are some tips to make your home picture perfect:
- Clear away any clutter off the surfaces
- Put away tea towels and oven gloves
- Hide your bin from view
- Add some fruit or fresh flowers for a splash of colour
- Ensure your beds are made – ideally with plain bedding
- Clear away any clutter from bedside cabinets and any drawers /shelves
- Make sure clothes and shoes are put away
- Ensure there is nothing visible under the bed
If you would like any further help with preparing your home for the photographer and subsequent viewings, please do not hesitate to ask – we are happy to provide any guidance you may need....
- Hits: 353
Don't rely on Telepathy - Register your criteria
At Grays we are working discreetly behind the scenes matching transactions that at times are not publicly seen. So if you are looking do not rely on telepathy, register your criteria with us and allow us to use our tools to match you to your new home. We recommend you have finances in place; speed is of the essence in the current market.
- Hits: 15
HOW HOUSE PLANTS HELP SELL YOUR HOME
- Create curb appeal: Adding potted plants to the front entrance of a property can create a warm and inviting first impression for potential buyers.
- Bring the outdoors in: Houseplants can help to create a connection with nature inside the home, making the space feel more relaxing and inviting.
- Improve air quality: Many houseplants have been shown to improve air quality by removing toxins and pollutants from the air, which can be a selling point for health-conscious buyers.
- Add colour and texture: Houseplants come in a wide variety of sizes, shapes, and colours, which can be used to add visual interest to a space and complement the home's existing decor
- Staging a focal point: Placing large plants in key areas of the home, such as the living room or dining room, can create a focal point that draws the eye and makes the space feel more dynamic.
- Show off the house: Place plants in strategic locations such as the windowsills, to showcase the light and view.
- Show how easy it is: Put plants in simple and easy-to-maintain pots, to show potential buyers how easy it is to keep the plants alive and well, even for those who don't have a green thumb.
- Hits: 228
Buying and selling a house can be daunting and overwhelming, especially with all the property jargon that is used. The link below is a guide explaining some of the most frequent terms within the industry:
Sold subject to contract. This means a deal at a certain price has been agreed by the buyer and seller, however nothing is legally binding until the exchange of contracts. This means that until contracts are signed later down the line, either party can pull out of the transaction.
Most people need to sell their current home to be able to afford to buy the next one, and the people they sell it to need to sell their home as well. This is what is meant by a ‘chain’ and if one link pulls out, the whole chain can collapse. An ‘upward’ chain is everyone who is above you, and a ‘downward’ chain is everyone below you.....
- Hits: 494
Our offices are also now temporarily closed but our staff will continue to answer any questions you may have by email and phone. For those seeking clarification re impending property completions, the negotiator handling your sale is available to talk to so please call our office and ask for your agent.
- Hits: 13
The Isle of Man property market is unique in a number of ways:
- Small and stable market: The Isle of Man has a small population and a relatively stable property market, which means that property prices do not fluctuate as much as they do in larger markets.
- Low property taxes: The Isle of Man has low property taxes, which makes it an attractive place to buy property.
- Limited supply: The Isle of Man has a limited supply of properties due to the small population, which can make it difficult to find a property to buy or rent.
- High standard of living: The Isle of Man has a high standard of living and a low crime rate, which makes it a desirable place to live.
- Good rental yields: The Isle of Man has a high demand for rental properties and good rental yields, which can be attractive for property investors.
- Diverse range of properties: The Isle of Man has a diverse range of properties available, from modern apartments to traditional stone cottages, which can suit a range of buyers and investors.
- Access to the UK: The Isle of Man is a self-governing British Crown dependency and has easy access to the UK via regular flights, ferries and trains, making it easy for those who travel frequently to the UK.
- Financial sector: The Isle of Man has a strong financial sector, making it an attractive place for high net worth individuals to live, which may impact the property market.
- Hits: 310
THINKING ABOUT MOVING HOME?
Have you been thinking about moving home but haven’t got your house on the market yet?
The property market is extremely buoyant at the moment with new properties coming onto the market and then selling just as quickly. As an agent we have a large database of buyers ready to proceed i.e., first time buyers with a mortgage approved in principle, cash buyers or people who have sold their property subject to contract.
If you are hoping to move house and have a property to sell, the best advice we can give you is to get your property on the market sooner rather than later, so you are ready to proceed once you have found your next home. As well as being in a position to proceed, you also have less stress when trying to sell your home to secure your next property. If you were not able to proceed it could lead you to accepting a lower offer on your property in order to secure your next home.
People often think they are going to be homeless if they market their house – this is simply not the case. We, as agents will ensure your buyers are aware of your situation and will keep them updated throughout your property search. With the current lack of properties on the market, buyers are willing to wait for their perfect home.
Call today for a free market appraisal.
- Hits: 556
Virtual valuation advice
During times when we are not able to physically visit your property, we can still offer valuation advice so you can continue the process in selling your home. We have qualified valuers which are happy to undertake virtual tours of your home, provide you with comparables along with up to date market advice and comparable sales to ensure confidence when entering into the market. We can seamlessly link each stage of the sales process for you. Dont miss your dream home.
Call us on +44 1624 678 876
Web site - www.graysestateagents.com/valuation
- Hits: 33
If you are looking to buy or sell a property, get one step ahead by getting all your paperwork in order to avoid any unnecessary delays.
Ensure you have obtained a mortgage approved in principle before you start looking for a property, this is very attractive to any vendors looking to sell.
A mortgage approved in principle is basically an offer of the amount you can borrow. This can be a lengthy process, the lender will ask for various paperwork including identification, payslips, bank statements etc.
Regardless of you buying or selling a property, appoint an advocate early; the advocate can then open the file and start the onboarding process including identification checks and any associated forms dependent on you buying or selling
Ensure all your paperwork is up to date:
- Log burner certificate
- Boiler serviced
- Any NHBC paperwork
- Hits: 213
Top garden tips when preparing to sell:
We are almost into spring and it’s never been a better time to sell your home; a well-kept garden can mean a quicker sale and a higher price.
Here are some top tips:
- Cut the grass – It’s all about first impressions so make sure the grass is cut and it looks neat and tidy.
- Keep paving and patios pristine – Ensure all weeds are removed and paths and patios are jet washed. Use an old knife to help dig out weeds form the root in between paving slabs.
- Garden staging – like your home interior it helps to stage the exterior. Try setting out a garden table with plates and a jug and if it’s a family home, lay out some outdoor games or a swing.
- Spring flowers – Brighten up the garden with some flowers and plants; a super quick and easy way to transform the garden without it costing too much! Add some potted trees or box hedge plants your entrance.
- Paint – A quick fresh lick of paint will do wonders to brighten your home. Paint fences, sheds and trellises.
- Hits: 524
View from anywhere...
We keep up to date with all the latest tech, gadgets, software, digital and social platforms and give consideration as to how it can improve your buying/selling experience.
'Virtually Home' is another option that Grays provide allowing buyers to view homes via a video link. We appreciate it does not replace the full experience of a physical viewing, the smells, the light, the feeling of space, the sounds, but it can certainly help buyers make a more informed decision, if you can not physically view. We offer clients the option for a video tour of their house allowing us to capture the character and the best parts of their home with the videos attached to the listing or available to view on Grays Estate Agents Youtube channel. Alternatively we can offer virtual viewings with an agent linking up with FaceTime, WhatsApp, Skype, Live video, Facebook live etc. They can go into more detail answering questions as we show you around the property.
- Hits: 36
Want to be eco-friendly? Some simple changes in your home can help you live more sustainably.
- UNPLUG APPLIANCES
Turning any appliances off whilst you are not using them can reduce your energy consumption by almost 6%.
- CHANGE YOUR CLEANING PRODUCTS
Ensure you choose biodegradable cleaning products or better still create your own homemade cleaning products using things you already have in your cupboard.
Find secondhand furniture on Facebook Marketplace, re-upholster or re-paint
- GET RID OF THE CLING FILM
Use Tupperware or reusable tubs – they are kinder to the planet and very cost-effective
- REDUCE TUMBLE DRYER TIME
Use a clothesline or airing rack as a green option. If you need a tumble dryer, look at washer/dryer combination as they use up less water and can squeeze out more water during the spin cycle.
- Hits: 224
Preparing your home for sale
First impressions count. When buyers are looking for their new home, it is key to invest some time and effort up front to prepare your house to help buyers picture themselves living in your home. It is also important to show your properties full potential to give it the best outlook and therefore there will be more positive feedback and a faster sale!
Treat this as a checklist to prepare your home:
- Home staging and effective use of space (sells your property 73% faster)
- Improve your lighting
- Sort out smells
- Be inspired
- Enhance kerb appeal
- Keep it clean
- Maintenance – finish odd jobs
- Garden upkeep
In conclusion it is easy to overlook the details in your property that can make or break a sale. By making sure you are always viewing your property from a buyer’s perspective and acting like it is the first time you have seen your property, it will impress buyers who in return will impress you with good feedback and offers.
- Hits: 732
' 97.6% of Grays clients are walking away with the full asking price'
Since launching in Mid 2020 the team at Grays have been focused on providing the best service through each stage of the estate agency process. The market has had limited comparable sales available due to a spike in demand, that has seen and an upward trend in values. The skill of the valuer is then to predict at what level it is at to ensure the best price possible is achieved for the seller. We take pride in the results we have achieved so far, having consistently been on point. Using in house data, market analysis and team work Grays continually provide upto date market advice and marketing setting new precedents on values for many clients. Coupled with strong negotiations 97.6% of Grays clients are walking away with the full asking price. Sensational results.
Founder Ciaran Gray - "I am really proud of our team and the results we are achieving for our clients. The continued referrals and recommendations are always a good indication that we are getting it right"