If you have recently been appointed as an Executor of someone’s estate due to the loss of a loved one, or have been asked whether you would accept the role if the need was ever required, you may be curious what is involved.
Probate property in some instances is in a poor state of repair and managing it, often at a distance, can be difficult and stressful especially when dealing with the loss of a loved one.
Managing the fundamentals of a probate can often be stressful especially when dealing with the loss of a loved one. Experienced property experts like David Astburys Estate Agents in Crouch End, have been helping executors and families with the sale of their probate properties for many years and as an independent agent which is run by four locals with families, they understand the emotional support and sensitivity which is required during the valuation and sale.
George Sifonios Managing Director at David Astburys said; “Our goal is for the whole process to be simple, stress free and handled with sensitivity and care. As far as the practicalities are concerned our team can visit your probate property and spend time with your family explaining the obligations required and give you an honest and transparent market valuation. We have a team of family oriented and emotionally conscious professionals who are experts in managing probate properties.”

The Rental Market

Rental properties continue to play a crucial role in meeting the demands of renters and the flexibility and responsiveness shown by the private rental sector will be vital in the coming months as the country opens again.
Yianni Aresti, Partner and Lettings Director at David Astburys said, “Our Lettings division has seen expediential growth in the past few months. In May the team went on a total of five hundred and thirty five viewings, they agreed fifty three new lets, took on twelve new property managements, agreed eighteen long term tenancies, we were instructed on twenty six properties and we went on twenty six property valuations across North London. We are consistently seeing that for new Landlords we are getting them a 25% increase in their market value than they were previously.”
Letting and managing rental properties can be stressful, especially for inexperienced Landlords, or for Landlords that are not with the right Letting agent. Surprisingly a large percentage of Landlords still view their property investment as passive income and stay with the same Estate Agent for many years. They do this for a number or reasons, comfort, not wanting to disrupt the status quo and a misconception that they can’t get a bigger return for their investment. As a result, many Landlords in North London are not getting market value for their properties. An estate agent like David Astburys really focus on super serving the individual needs of all their Landlords by effectively managing their properties and ensuring a profitable return on their investment.

The Sales Market

The boom in the housing market continues with the total value of homes sold in the UK expected to increase by 46% on 2020. Websites like Zoopla are predicting that the housing market in 2021 is on track to be the busiest for 14 years.
As the stamp duty holiday comes to an end, estate agents like David Astburys are reporting that the last few months have been the busiest in years.
George Sifonios Managing Director at David Astburys said; “The past two months have been very busy in Sales with many clients feeling the time crunch as we near the end of the stamp duty holiday. In May we agreed seventeen sales, the team went on two hundred and thirty five viewings, we valued thirty eight properties, we were instructed on twenty eight properties, sixteen happy buyers exchanged on homes and it was a great end to the month for eleven families who completed on their new homes. If you are considering buying or selling, please reach out to us today.”