The Blog

House Price's hike in West Bromwich Properties in West Bromwich had an overall average price of £193,752 over the last year. The majority of sales in West Bromwich during the last year were semi-detached properties, selling for an average price of £204,853. Terraced properties sold for an average of £176,869, with detached properties fetching £279,394. Overall, sold prices in West Bromwich over the last year were 6% up on the previous year and 24% up on the 2020 peak of £156,377. The average price increased by £15.2k (9%) over the last twelve months. Contact us for a FREE Valuation in West Bromwich on 0121 525 7076.

There are a few reasons why March can be a good time to sell your home: Springtime: March marks the beginning of spring, and this season is traditionally seen as a good time to sell a home. Buyers tend to be more active in the spring, as the weather improves and people start thinking about making a fresh start in a new home. Financially: People often have got over Christmas and the expenses the start of the year brings and ready to get moving during spring/summer time. School calendar: If you have children, you may want to sell your home in March in order to close the deal before the end of the school year. This can help minimize disruptions to your children's education and make the transition to a new home easier for everyone. Contact us today to for a FREE Commercial or Residential Property Valuation!

Rahul Raiyait, is doing a weeks world experience with MPK. He is studying business at Skills Training UK! It’s a pleasure having Rahul onboard this week!

Using a local agent can have several benefits. Here are a few possible reasons why using a local agent can be important: Better understanding of the local market: A local agent can have a better understanding of the local market conditions, such as pricing, demand, and competition. This can be especially important for businesses that are looking to expand into new markets or individuals who are looking to buy or rent property in a new area. Access to local resources: A local agent may have access to local resources, such as contractors, suppliers, and other professionals who can help with various tasks related to the transaction. This can be especially important for businesses that are looking to set up operations in a new area. Personalised service: A local agent can provide personalized service to clients, based on their individual needs and preferences. This can help ensure that clients get the best possible experience, and can lead to greater customer satisfaction and loyalty. Legal and regulatory expertise: A local agent can have a better understanding of the local legal and regulatory framework, including any specific rules or requirements that may apply to a particular transaction. This can help ensure that the transaction is conducted in compliance with all relevant laws and regulations. Faster response times: A local agent can typically provide faster response times than an agent who is located farther away. This can be especially important in time-sensitive situations, such as when a property is in high demand or when a business needs to make a quick decision. Overall, using a local agent can help ensure that transactions are conducted smoothly, efficiently, and in compliance with all relevant laws and regulations. It can also help ensure that clients get the best possible service and experience, tailored to their individual needs and preferences.

Hiring a property management company can offer several benefits for rental property owners. Here are some reasons why you might want to consider property management for your rental property: Time-Saving: Property management companies can handle day-to-day tasks like marketing, tenant screening, rent collection, and maintenance, which can free up your time and energy. Better Tenant Screening: Property management companies have the expertise and resources to screen potential tenants thoroughly. This can reduce the risk of renting to bad tenants who might cause property damage, miss rent payments, or cause other issues. Legal Knowledge: Property management companies are well-versed in the laws and regulations that govern rental properties, including fair housing laws, eviction procedures, and lease agreements. This can help ensure that you are in compliance with all relevant laws and regulations. Maintenance and Repairs: Property management companies have established relationships with vendors and contractors, which can result in cost savings for maintenance and repairs. They also have the expertise to handle maintenance requests and emergency repairs promptly and efficiently. Rent Collection: Property management companies can handle rent collection, which can be time-consuming and stressful for landlords. They can also deal with late payments and evictions if necessary. Overall, hiring a property management company can help you save time, reduce stress, and ensure that your rental property is well-maintained and profitable. Contact us today to find out about our Property Management packages and what we can do to help!  Email: info@mpkestateagents.co.uk  Regenerate response

There are several reasons why spring is considered a good time to sell a house: Better weather: With milder temperatures and longer days, potential buyers are more likely to come out and visit open houses, allowing for more foot traffic and exposure to your property. Increased inventory: As the weather warms up, more homes are listed on the market, providing buyers with a greater selection to choose from. This competition can lead to higher prices and quicker sales for sellers. Tax refunds: Many people receive tax refunds in the spring, which can be used for a down payment or to make home improvements. This influx of cash can make buyers more motivated to purchase a home during this time. School schedules: Spring is a good time for families with children to look for a new home, as they can move during the summer months without disrupting their children's school schedules. Overall, these factors combine to create a favourable environment for selling a home in the spring. Contact us for a FREE valuation today!

Commercial Properties

Did you know we are Commercial Forfeiture of Lease Specialists? What does this mean? Forfeiture of lease is a legal process whereby a landlord terminates a lease agreement with a tenant due to a breach of the terms of the lease. When a lease is forfeited, the tenant loses their right to occupy the premises and the lease is terminated. A lease can be forfeited in several ways, including: Non-payment of rent: If the tenant fails to pay the rent on time, the landlord can serve a notice requiring the tenant to pay the arrears within a specified time period. If the tenant fails to pay the arrears, the landlord can seek to forfeit the lease. Breach of other lease terms: If the tenant breaches other terms of the lease, such as subletting the property without permission, the landlord can serve a notice requiring the tenant to remedy the breach within a specified time period. If the breach is not remedied, the landlord can seek to forfeit the lease. Insolvency: If the tenant becomes insolvent, the landlord can seek to forfeit the lease. This is because the tenant's insolvency can make it difficult for the landlord to recover any outstanding rent or other sums due under the lease. The process of forfeiting a lease usually involves the landlord serving a notice on the tenant, giving them a specified period of time to remedy the breach. If the breach is not remedied within that time, the landlord can apply to court for a possession order to take back the premises. It is important to note that forfeiting a lease is a serious matter and should not be undertaken lightly. Landlords should seek legal advice before taking any steps to forfeit a lease, as there are strict legal procedures that must be followed. We can do this all for you!

Why is now a good time?

High rental demand: The West Midlands has a strong rental market, with high demand for rental properties from a growing population and workforce. This can lead to steady rental income for landlords and potentially good returns on investment. Growing economy: The West Midlands has a growing economy, with a range of industries such as manufacturing, engineering, and automotive, providing employment opportunities and supporting the local property market. Affordable property prices: Compared to other regions in the UK, property prices in the West Midlands are generally more affordable, which can make it a more accessible option for first-time buy-to-let investors. Additionally, the lower entry price point can also result in higher rental yields due to lower purchase costs. If you are looking to sell or let our your residential property in the West Midlands, contact us today!