Category Archives: Estate Agents

Redstones The Property Experts sign

Redstones Franchise Opportunity.

Starting your own estate agency is a big decision. The initial setting up can be a daunting prospect. Taking a Redstones estate agency franchise allows you to do this with the support of our recognised brand.

If you work in the industry, want to work for yourself or you own an estate agency struggling with inadequate systems, we’ve got the expertise to help.

A Redstones Franchise gives you the opportunity to become your own boss, create a valuable asset, get expert support and the option to work flexible hours when you start.

What we offer:

Our estate agency franchise package will provide you with everything you need to start out and grow your business. We cover:

  • Sales & Lettings
  • Property management
  • Commercial properties
  • Auctions
  • Redstones Finance

We will provide you with:

  • Training at Head Office
  • Exclusive territory
  • Redstones marketing plan
  • Micro-site
  • Redstones Hub* – Takes care of your administration and property management. (*Optional at additional cost)

Your success is our success. We will do all we can to support you in your new venture.

Contact us now for details of our estate agency franchise opportunity.

Redstones illuminated sign

New website offers service to buck the reputation of estate agents

When the reputation of estate agents rarely tops the charts, Redstones is trying to buck the trend with a striking new website in the company’s trademark red accent which aims to make it easier for users to navigate its many options. From property sales, to lettings and property management, Redstones aims to find a niche in the market by providing the excellent customer service which is so often lacking in the market.

The website not only encapsulates property sales and lettings but caters for the expansion of the brand through franchising. Clearly savvy about marketing and branding, Redstones has now extended marketing support and guidance to its franchisees so that they can more easily launch their own businesses. Originally founded in Walsall, further branches can now be found in Willenhall, Wolverhampton, Telford, Coventry,  Hale and Dartford

To mark the launch of the new website, a new sales option has been unveiled “Redstones Virtual” – offering to sell customer properties from only £699 including VAT. Managing Director Manjit Virdi explained: “We’re always listening to customer feedback. That’s why I wanted to have a user-friendly and appealing new website which makes it easier for customers to see what we can do for them. Combined with our new property sale offer, we are ready to get quick results for our customers.”

Redstones Lettings

Demand for rented homes on the rise

A new survey by the Residential Landlord’s Association (RLA) has shown that the demand for rented accommodation will soar as the supply of available homes falls throughout the country.

The survey included almost 3000 landlords and 18% of them stated that there were planning to buy additional properties to rent as a result of current conditions. 33% of the landlords surveyed stated that they had witnessed an increase in the demand for rental property over the past 3 years.

Furthermore, nearly half of landlords (47%) stated that they expected rents to increase over the next year.

Landlords have undoubtedly been hit hard recently by changes to mortgage interest relief, which means that landlords are taxed on their turnover rather than profit unlike other businesses. This has been a reason for rental increases.
However, high quality rented accommodation is in demand and landlords are happy to provide it. Property clearly still offers a good investment opportunity, despite the challenges that landlords face such as tax changes, stamp duty and tenancy deposit caps. At Redstones, we are finding that falling house prices and increased demand is encouraging many landlords to diversify their property portfolio and seek new opportunities. Many of our landlords look at property investment as a long-term strategy and plan to continue into the foreseeable future.

With multiple properties for rent, our property management services are a must. Find out about how we make the process of being a landlord stress free.

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Pets kept in ‘secret’ at rental homes

They are not always a landlord’s best friend but some tenants love them! Pets can be a bone of contention between landlords and their tenants.

A new survey of over 2000 tenants by pet insurers AnimalFriends.co.uk has revealed that 27% of tenants have not told their landlord about having a pet. In fact, 10% of tenants even hid their pets when due a visit from their landlord.

Although some landlords can be animal friendly, many are put off by the damage they can cause which is often excluded from landlord insurance policies. Damage to furniture, fixtures and fittings is a risk many landlords don’t want to take.

Redstones Managing Director, Manjit Virdi advises, “The key is to conduct regular inspections, which we can handle on your behalf. We can look for the tell-tale signs of damage or we may even spot items such as toys or a dog bowl!”

However, some landlords may prefer to be more flexible on pets, especially if it helps them to attract and retain the right tenants on a long-term basis.

Manjit continues, “It is possible for landlords to include specific rules in tenancy agreements, such as keeping dogs downstairs or in an enclosed area, particularly when the property is unoccupied. If this is an issue that impacts you, don’t hesitate to get in touch with us for advice.”

Find out more about the Redstones Lettings process.

Redstones Residential Sales

STOP PRESS – Redstones introduces highly competitive new offer

With the onslaught of new entrants to the property market, such as Purple Bricks and a host of new online agencies, Redstones are adapting and evolving in an increasingly price sensitive market.

We are therefore delighted to unveil our new hybrid offer. We will sell your property from only £699 including VAT.

Managing Director of Redstones, Manjit Virdi explains, “This exciting new offer has received some great feedback already. Every company needs to respond to customer and market needs and that’s what we’re doing with this new offer but along with the price advantages, customers will benefit from our excellence in marketing and the other techniques we deploy to make sure our properties stand out and get sold fast. We have an enviable track record and customers can now experience this at an extremely favourable fee.”

With our vast experience, networks and other special service offers such as Redstones Platinum Total Care, Switch Agent and our online auctions, Redstones truly has some of the most customer focused service propositions in the entire industry.

Redstones illuminated sign

New Redstones website revitalises the brand

Look out for and explore the new revitalised Redstones website!

Fresh and even easier to navigate, the new website features more service options for both property sellers and landlords. Our new hybrid service option will be of particular interest. To stay competitive in today’s property market, including Purple Bricks and the new online property agents, Redstones is launching an exciting new offer to sell your property from only £699 including VAT. This impressive offer is creating extra buzz for Redstones already, as Redstones makes a transition in how we successfully operate in a market where both traditional and online estate and letting agency services are playing key roles.

Visit Redstones Virtual

Managing Director of Redstones, Manjit Virdi states, “We have always advocated the importance of marketing and branding in making Redstones a success, a philosophy that we extend via the marketing support and guidance we provide to franchisees to help them launch their businesses in their territories.

A fresh, new website will help to engage both new and existing customers, informing them of all the great services we have to offer and explaining how they set us apart in the competitive property sales and letting market. The website is complemented by new marketing materials, as part of a regular drive to refresh the Redstones brand.”

We invite you to explore the new Redstones website, which is now live. All feedback on the new website is welcomed.

Redstones Residential Sales

Remember to budget when selling your home

If you’re planning to sell your home soon, remember that there will be some costs to factor into the budget you’re working with.

It can be easy to forget to include such costs, so if you want to avoid any nasty surprises down the line, bear these costs in mind:

Estate agency fees – These cover the costs of liaising with other parties involved to get the sale to completion, marketing costs and conducting viewings. Currently, Redstones are receiving a great response to their new launch offer to sell your property from £699, including VAT.  Click here

EPC Certificate – All home sellers in England and Wales must provide an EPC certificate to potential buyers, which documents the energy efficiency of the home. An ‘A’ rating is the most efficient and ‘G’ is the least. Redstones can arrange this easily for sellers.

Conveyancing fees – The legal aspects of selling your property, called conveyancing, are dealt with by a solicitor or legal conveyancer. The cost of conveyancing depends on the sale value of your home.

Removal costs – Don’t forget to factor this in. The costs will depend on how far away you are moving and the amount of possessions you have. Try to compare two or three quotes, as costs can vary.

Managing Director of Redstones, Manjit Virdi says, “We are always up-front with clients on the costs of selling their home and encourage them to budget and research costs where necessary to minimise stress during the process of selling.”

Redstones Houses

Top 10 tips on how viewings can sell homes fast

To sell your home fast, making a good impression during viewings is key. Good presentation and making a real effort to showcase your home at its best is therefore essential.

Here are our top 10 tips on how you can really impress during a viewing:

  1. Many buyers will drive outside a home during a viewing, so keep the garden tidy outside, paint the front door or add some plants or baskets to the front of the property to make it inviting
  2. Toilets and bathrooms are important so clear away all those toiletries and medication, as well as children’s toys and put out some clean, folded towels. Ensure bath and shower fittings are clean too with no unsightly mould.
  3. Declutter living areas and let the light in, whilst showcasing your best features such as a fireplace
  4. Keep the house warm in winter during a viewing but let the fresh air and natural light in
  5. Always turn off the TV or distracting music during a viewing, so your home can be fully appreciated
  6. Keep the kitchen clean and completely clear from any clutter, including dishes to showcase it at its best. Any inviting aromas such as freshly brewed coffee is welcome though!
  7. Remember that buyers may look in cupboards and lofts, so keep those spaces in order
  8. Bedrooms should also be cleared, boxing away all toys and shoes
  9. Gardens can be huge selling points, so keep yours clear and tidy, get rid of the weeds and introduce some welcoming potted plants
  10. If you love pets, remember that your potential buyers may not, so perhaps a friend or neighbour could take care of them during a viewing

Following these simple tips can make a big difference and help your home sell much quicker!

Redstones Hayes Office Image

Redstones opens new Hayes office

On Saturday 5th August, Redstones was delighted to open its latest franchise in Hayes, West London. Redstones is growing fast as a leading estate and letting agency, quickly and confidently expanding its reach throughout the UK, particularly the London region.

The Hayes launch was an ideal opportunity to welcome potential local property buyers and landlords to the brand new offices, whilst explaining the business strategy of the Hayes office and how it intends to set itself apart from competitors.

The new office benefits from a prime High Street location, although similarly to all franchises, it will have a strong online presence.

A new business offer that is capturing the interest of those is Hayes and beyond is Redstones new launch offer to sell your property from £666, including VAT.

New franchisee, Pasoon Ebrahim stated that, “The launch was a great event for all that attended and helped to solidify strong relationships that I’m building in the area. There are lots of excellent business opportunities in Hayes and I believe the new branch will be a fantastic addition to Redstones growing network of high quality, value for money and reputable estate and letting agencies.”

Redstones Lettings

Understanding costs and returns as a landlord

Particularly if you are a new landlord, getting your head around the costs you will incur and your potential return on the property or properties you rent is essential.

Buy to let investing comes from two income streams – rent and the capital growth of the value of the property increasing.

The property market fluctuates, so it is possible to lose money if property values go down, if your outgoings exceed rental yield or if the property is vacant for any period of time. Being a landlord is a medium to long-term investment.

The costs involved are the costs of purchasing the property for rent including stamp duty, valuation, legal costs and mortgage arrangement fees. If you are renting your property as a business, Class 2 National Insurance is payable and so is income tax, which is payable on rental income minus day to day running costs.

Day to day running costs include landlord’s insurance, letting agent’s fees, mortgage interest, annual safety checks, redecorating and general maintenance.

But how about the profit you will earn? Here’s a useful article about calculating rental yield.

Also, if rent arrears are a worry, our Redstones Platinum Total Care service is invaluable, as it offers guaranteed rent paid on time, every time, whether the tenant has paid or not!