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This is Money Podcast

How to sell your home and get the best price

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1650 Ratings

🗓️ 15 June 2018

⏱️ 42 minutes

🧾️ Download transcript

Summary

What's the most important thing when you want to move home?

Should you worry more about getting the best price or simply about getting your home sold?

On this week's podcast we delve into the art of home selling, looking at how to make sure the price is right, whether to do work before you sell, or just a quick spruce up and why what's happening in the property market near you should be a deciding factor.

Another month and another set of mixed messages about the state of the housing market is revealed.

First-time buyers who have a deposit and home movers in the North are doing fine. But London is on the ropes and second and third movers are staying put, bringing the market to a standstill.

According the Halifax, prices nevertheless managed to rise £3,000 last month in this ‘subdued’ market.

Editor Simon Lambert, assistant editor Rachel Rickard Straus and money broadcaster Georgie Frost get into the aural attic to unbox the facts.

The villain of the piece, they agree, is stamp duty. It used to be a 1% tax on purchases but it got tweaked into a giant cash cow for the Treasury by successive Chancellors.

Stamp duty is stalling the market and needs to change but how?

And is it really worth putting in a new kitchen before you put your home on the market if things get desperate?

Also on the show: Paddington Bear 50p Gate.

An exclusive This is Money report this week found an enterprising student in Caerphilly who had been handed a not-yet-released Paddington Bear 50p coin in her change.

The shop happened to be down the road from Royal Mint, where the coin was made. The coin happened to end up on eBay with bidding topping £15,000.

Find out how this happened and whether it’s true, spoiler alert: it is, what ridiculous lengths the Mint went to try to get its coin back and how you can get your hands on one.

Finally, the clamour to tackle inner-city pollution has taken an unexpected twist with motorists in a huge new area of London bearing the brunt of a proposed new fee.

Owners of reasonably new cars that don’t meet the emissions standards of brand new ones, face a £12.50 charge every time they drive - even if they live in the zone and need to take the kids to school.

Not everyone is happy. Especially as it looks like the explosion in numbers of online shopping delivery vans and not cars might be the major cause of pollution.

Enjoy,

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to This Is Money podcast in partnership with NS&I. I'm your host Georgie Frost and alongside editor Simon Lambert and I is Personal Finance Editor Rachel Rickard Strauss.

0:11.1

And coming up, we have something of a property clinic. Perhaps you want to move home, you need to find a buyer, but in some parts of the country they are few and far between.

0:21.0

So if you don't want your home to be sat on the shelf, but you do want to make the most

0:25.4

possible money, well, we'll let you know what you can do.

0:29.0

Also today, more woes for diesel drivers and why Paddington Bear has been causing

0:34.3

sawheads all round at the Royal Mint.

0:36.8

Don't forget, you can't up to date

0:37.6

with all the latest breaking money news. Just go to this ismoney.com.uk or download the app.

0:44.2

This is Money, brought to you in partnership with NS and I, where safer savings set you free.

0:51.3

But first, if you're looking to buy somewhere, you may be surprised to hear we are in a subdued

0:56.9

property market. Now, I might not feel very subdued with average prices going up on average

1:01.2

£3,000 last month we were hearing, but what a surprise, it depends on where you buy. The previously

1:07.6

red-hot London property market and commuter belt suffering something of a reversal

1:12.3

of fortune homes there now taking longer to sell and seeing prices cut. Now the opposite is true

1:18.4

of previously slower areas like the Midlands, the North and major regional cities where higher

1:24.7

demand is pushing up prices there. So if you are in one of the areas

1:28.9

where buyers are scant, what can you do to edge ahead of the competition and not just sell

1:33.9

your home but get the best possible price for it? So we will get to that very shortly. But first,

1:39.5

a little touch on my favourite subject, Simon, house prices and a subdued property market.

1:47.9

So what do we mean when we're talking about a subdued property market?

1:51.3

Because as I said there, if you take a look at some of the figures,

1:54.1

3,000 in a month seems quite a big increase.

...

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