"Over-valuing of properties for sale appears to be widespread, with the number of homes on the market reduced in price last month at a high", reported Estate Agent Today magazine.

Prices of 66,445 homes were reduced, with an average price cut of £14,700.

According to the property portal Home, which tracks data on asking prices for properties new to the market as well as prices for properties already for sale, sellers are reducing prices out of nervousness, ahead of the emergency Budget, and frustration.

Phil Wardle of GO Property says that vendors usually have a higher expectation of what their property will fetch, which can be unrealistic. There are plenty of buyers out there at the moment and those who market their property at a realistic figure from the outset often sell and in a relatively short time period.

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Landlord body, the British Property Federation (BPF), has expressed satisfaction with the results of a major review of water charging. Last year, it was proposed that landlords could face being automatically liable for the unpaid water bills of their tenants. However, following intervention by the BPF and other landlord organisations, the NLA and RLA, this threat has now been avoided.

The review concluded that there should now be an obligation on landlords to notify water companies of changes in tenancy, and only then if failing to do so, would any liability flow. The water companies in turn should be obliged to make the notification process as easy as possible. Andrew Sainsbury of Go Letting Agents in Leeds, commented “all our landlords are in safe water.  All utility companies are always informed when a new tenancy starts, thus avoiding any liability for water bills for our clients”.

Common sense at last prevails and Home Information Packs have now been consigned to the dustbin the new government announced this morning. The only requirement for homeowners now is to have an up to date EPC (Energy Performance Certificate) which costs a awful lot less.

Read all about it here, and give us a call to list your property for sale with GO Estate Agents in Nottingham today.

Residents of Leeds City Island will soon have more than just a city centre pad to their name! GO Property Services has been teaming up with local businesses to bring new offers and discounts to the Islands! Flyers recently went out to all apartments with discount vouchers for City Car Club, offering a massive 50% off their joining fee! Fantastic news for those who, until now, have had to solely rely upon public transport.

Tearaway Prints have also offered residents 15% off any canvas prints they do for them and the new look Wellington Pub on Wellington Street has got 'Island Only' discount cards in production as we speak!! This, along with talks to local gyms and various other businesses...  it looks like a good time to become a City Islander!

Technology never ceases to amaze. One minute you're getting your head around Google Street View and satelite mapping at your finger tips and the next somebody comes along and produces something where you just hold your phone up in the street and it tells you what you're looking at.

It's called Layar, it's as clever as a man with two heads, and from our point of view will help house hunters no end. Imagine it - you drive along, see a house, point your phone at it, and BOSH there it is, all the sales details in the palm of your hand. I don't think this is going to happen tomorrow but you can easily see it being standard practice within a few years. Read more about it here, and  watch this particular space.

Read the full article on the Times Online Property Section

The new budget gives an immediate stamp duty holiday to any first-time buyer paying less than £250,000 for a property. The rate was previously 1% on homes between £125,000 and £250,000, so the temporary removal of the tax for two years will save a buyer up to £2,500.

So you might ask yourself, who qualifies as a 'first time buyer'?  Well it's not simple, so here's an interesting article from the Guardian that answers some questions...

Jonathan Detheridge from Nottingham Estate Agency GO Property Services comments "Property prices in Nottingham are now at their most competive for a decade so now looks like it could be a fantastic time for 1st time buyers to come back to the market. At the peak of the boom buyers had to offer over the odds to secure a property but there are now some real bargains in the market place. £90,000 can buy you quite a lot at the moment and the mortgage repayments would work out quite favourably with renting"

Google Street View has been expanded and now covers 95% of the UK, from Penzance to Shetland. Controversy abounds but most people seem to appreciate the benefits.

If you have not already done so, check out Google Street View for your own house, or any other address in the UK, by entering the post code into Google and clicking on Maps at the top.

Check out Google Maps here...

Read the full article in the Mail Online here...

Or check out the sorry state of the GO Property Services offices before we moved in!