Getting Real Property Valuations Online Review online property valuation website

We recently tried out several online real property valuation tools and want to share with you our favourite websites to try.

Getting your real property valued can be a tricky subject especially if you need to compare different RICS survey options.

We found a really handy little tool recently at which uses data from a number of different property aggregation sites to estimate the true value of any house or flat.

We put it to the test in June 2017 against 100 different real property addresses to compare what the site said and what the property actually sold for.

in 90% of cases the house or flat valuation was within 10% of the actual sold price.

It’s estimated that over 1,000,000 people will sell their homes this year so we expect websites such as these to increase in popularity as more and more of us look to the internet to sell our homes or find out how much they are worth.

Similar websites such as Zoopla, RightMove and all work in similar ways so its worth checking out a few options to decide which service works best for you.

The thing we did like about this website above the others was its ability to actually sell your home online if you were happy with the valuation. The other websites tended to only give you a valuation which is great but not very useful if you need to move home.

We have not tried their other service but you can also compare conveyancing and removal quotes too.

Let us know what you think and if you know any other great websites to help homeowners in the UK.…

How to Know You Have Picked the Right Real Estate Agent

Real estate business in the UK or any other part of the globe can be a complicated and stressful affair. This is especially so for people who have never been through the process before. Having a great real estate agent on the front line is always important.

However, picking the right agent isn’t a downhill ride as many may presume. It doesn’t have to be a tall order neither- you still stand a chance in knowing whether you have picked the right real estate agent for you or not if you followed these five basic guidelines;

1.     You enjoy their company

You definitely need to at least enjoy the company of your agent. This is because you are going to spend a lot of time communicating with him/her. The relationship doesn’t have to be a completely happy one, but at least it needs to be as painless as possible. What could be worse than dealing with a person who totally disgusts you?  If you enjoy the company of your agent even when the tides get bigger, then you have found the right agent.

2.     Always responsive and available

This is non-negotiable! The right agent will always avail himself when called upon. He never leaves you on standby mode for a response. If they make you feel like you always have to wait too long- then something is wrong somewhere. Good agents know how critical a real estate transaction is; they will always give their best just to ensure your needs are priority.

3.     Asks you to get pre-approved

For a buyer who hasn’t spoken with a mortgage professional first before going out and in the hunt for houses, a good real estate agent will ask you to get pre-approved. This can be frustrating if you don’t comprehend the reasons why- still, a good agent understands that this move is just for your own good just as much as it theirs too.

4.     They’re proactive

The right agent will always delve deeper into your quests. They will not only go through the motions and take orders, but will also be proactive in helping you identify and realize your dreams faster. For example, instead of just waiting for you to send details of properties you might have seen somewhere; a good buyer’s agent will always be on the hunt for your ideal property. They even suggest realistic things that you might never have considered before. That is an indicator of a true real estate agent in the UK.

5.     Honesty is a virtue

A true agent will always tell you the naked truth just as it is and when you need to hear it. No sugar coating stuff- even when it inconveniences them. Honesty requires guts when you know it might cost you money. Still, a great agent will always put to the table their character, honesty, and integrity ahead of the pink slip. When they know what you are looking for is impossible, they wouldn’t keep your dead dreams in the life support machine- they will tell you the harsh truth.

Other red flags on real estate agents can be found here

Property Tax Minimization, Tax Avoidance and Tax Evasion – What’s The Difference

Which of these is legal and which isn’t? Let us uncover the differences of these.

property tax savingsProperty Tax have a number terms used to describe strategies and behaviors involved, such as “tax minimization” or “tax avoidance” in the corporations and academic accounting literature on tax. This can result in confusion about what exactly is being discussed or alleged. With this, there are further baffled effect by which some of these terms are being used interchangeably, both within the mainstream and within academic.

Property Tax Evasion

This usually signifies an illegal tax-reducing arrangements. However, this should refer to any wilful misrepresentation of tax affairs, as some entities may enter into such an arrangement unconsciously. Furthermore, any entities can and do implement a broad range of tax positions. Many of these arrangements have never been challenged and subject to Tax Office or judicial determination, with their status being undefined such determinations, including appeals, may also take many years to complete, leaving similar arrangements elsewhere in limbo. In other words, the distinction as to what constitutes tax evasion is determined by court. The Tax Office is the agency responsible for assessing whether strategies and transactions are tax evasion or legitimate tax-reducing arrangements.

It only becomes “tax evasion” once it has been determined as such by the Tax Office, or by any courts if challenged.


image of money being saved from taxThe academic literature has adopted the concept of a variety of tax-reducing arrangements. These range from benevolent benefits that are actively encouraged by the tax system, such as research and development and capital allowances, through to outright tax evasion, such as artificial inter-company transfer pricing and thin capitalization.

There are also many online forums giving free advice on reducing property tax but always consider using a paid expert.

The starting point for the continuum is the tax outcomes that would exist if tax considerations were totally ignored when entering into business strategies and transactions.

Anything that reduces tax liabilities from that point is regarded as “tax minimization” or “tax planning”. There is no upper limit to the range of tax minimizing activities.


“Tax avoidance” refers to tax planning activities that have a low level of probability (less than 50%) of surviving a tax audit, as opposed to those activities that are outright illegal or wilful misrepresentation. Another term quite often used is “aggressive tax planning” which is used in Australia but is known as “tax sheltering” in the UK.

To wrap it up, a line between “tax avoidance” and “tax evasion” can be very thin and at times indistinguishable. The test applied in judicial determinations is based on the “dominant purpose” of a transaction or activity and this concept underlies the anti-avoidance provisions of the tax legislation.

Video Explaining Legal & Illegal Ways to Avoid Property Tax in 2017

The Significance of Property Insurance

Many people believe in buying insurance. The fundamental objective that people have behind purchasing insurance is making them financially sound in times of significant losses. The entire procedure is like you pay a small amount of money to the insurance company on a monthly basis in return for a guarantee that the insurance company will bear the losses or the burdens arising in future. For example, if you own a house that is clear and free and does not have insurance. As long as you are making the payments of your property taxes, you will not be facing any problem. You will be having all rights of using the house as per law. You can choose to live in the house, leave it vacant, sell it or even rent it out. Nevertheless, if in any case, there is severe damage caused to your home, it will be your responsibility to repair your house. You cannot go to the insurance company and claim the repair costs. This is why it is crucial to get property insurance. If you get property insurance, it will help you in getting covered for the losses borne by your property.

What is the Coverage?

Property insurance is needed for the ones who are irresponsible when it comes to safeguarding their assets. In many states in the UK, it is mandatory for people to take property insurance. Many homeowners do not have right views regarding what is covered by their property insurance. There were surveys conducted on this subject. These studies laid forward the fact that many homeowners were of the belief that property insurance would also cover damage to property caused due to the flood. Others are of the belief that their property is also covered for damages caused due to a water line break. There are others with views that they would be compensated for damaged caused by an earthquake. This is not the truth. These are wrong views that people have about property insurance in the UK. Property insurance does not cover flood damages, damages caused by earthquakes, wars and mould.

The Condition of Housing Market in the United Kingdom

So, you are looking forward to getting the latest news on the condition of the UK housing market? The property market in the UK is in crisis at present. The Brexit vote has not been able to arrest the steady rise in the value of assets in the UK. The increase in the demand for property in the UK has increased the value of housing in the nation changing the demographics of home ownership. As per reports, the older people can easily own a home of their own, but the young people will need to wait longer. The problems of UK property or housing market have been exacerbated with the complete insufficiency of construction. This issue is not showing any signs of getting resolved in the long run.

Coming to the prices of property in the UK, they are still on the rise, and they are rising fast. The Brexit vote did not have any effect on the rising prices of property in the United Kingdom. The prices that were around £214,000 in the month of June have not gone up by £24,000. The increase in the prices of houses in the UK is more or less important, but something that matters is the comparison of house prices with the wages. As per reports from Trades Union Congress, in the UK, the real wages have decreased by 10.4% following the financial crisis. This has further exacerbated the deviation between house prices and real wages. According to reports coming from Full Fact, this gulf has widened particularly in London.

It has been put down that the UK should build around 300, 000 new houses every year, but the UK government has never reached this target. Housing supply in the UK is entirely disrupted while the demand for homes has always been on the rise. The housing market of UK is not in good condition as there are more and more renters coming up with their demand for rented houses. It is only because of the gradually slowed down property market of the United Kingdom that the demand for home ownership has declined recently.

Property laws do not allow young people to own houses in the UK which is another factor behind the decline of the housing market in the UK. If youngsters were allowed to own homes in the UK, they would not be on the lookout of rented properties. This would offer some comfort to the gradually declining property market in the UK.

Real Estate Career the Perfect Choice?

There are many reasons why you can choose real estate as the perfect career option for you. Imagine having a very flexible job where you have the freedom of setting your very own schedules. This is what you get with a career in real estate. However, there are always two sides of a coin. This means that the real estate career is not different from the other career options that exist. There are some advantages and disadvantages associated with this career option as well, and we will have a look at them.

Benefits Of Choosing Real Estate

The benefits of choosing real estate as a career option in the UK is that here, most states offer students the flexibility of completing required training and then serving as certified real estate agents. Here, students also get the option of starting an all new career within just a few weeks depending on the state regulations.

However, the disadvantage associated with choosing real estate as a career option in the UK is that students need to invest a good amount of effort, money and time. It is also to be noted that this career option does not come with guarantees.

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No Limitations

Proper work ethics and good attitude towards clients are two things that will have no limitations for you in this career field. Another important point that is worth noting context real estate agents and property dealers in the United Kingdom make a good income.


Quite Difficult

It is quite difficult to pass the real estate certification exam at the State level. Passing of the exam and getting licensed as a real estate agent requires having a complete understanding of complicated topics along with different skill sets.


Right Choice

Keeping aside the points that have been mentioned above, it can rightly be said that a career in the real estate UK is always a right choice. This is because you are your own boss when you serve as a real estate agent in the United Kingdom.


Independent Contractor

You serve in the form of an independent contractor and therefore you have your terms of business. It is also important to note that you would be able to grab success only when you show the right work ethics and good attitude towards your clients.

Dependent On Invests

All the main decisions are taken by you.

They do not have their earnings limited by corporate-dictated salary scales or hourly wages. The revenue of the real estate broker in the UK is largely dependent on the time he or she invests.

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