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Lisa Grant wins 2021 Forty under 40 award from The Charleston Regional Business Journal

July 25, 2021 (Global News Distribution) -

Lisa Grant is Charleston’s Top Forty under 40, leading the community and destined for a great future.

The Forty Under 40 program honors the top 40 business professionals across the Charleston region who have excelled in their chosen profession and in service to their community. Please join us in congratulating Lisa Grant for this distinguished honor.

Lisa Grant founded See Wee Homes in 2016, a boutique real estate firm offering a wide variety of real estate for personal, multi-family and investment purposes. Lisa started buying homes in her late 20’s and have rented, repaired, renovated, and sold dozens of homes. A businesswoman, investor and philanthropist she leads the firm’s effort to focus primarily on the growth and well-being of people in her community.

“I’m grateful for the recognition I have received for my work. I have faced several challenges on my way here, but my commitment to my hometown will never waver.”

For more than two decades, the Business Journal has selected 40 elite individuals who have gone on to start companies, lead community efforts for positive change and who have made an impact that reaches far behind the Forty Under 40 honor. The Business Journal’s panel of judges had a difficult challenge in determining who would be named to the 2021 Class of Forty Under 40. Not only did they have to consider the personal, professional dedication and commitment of service each nominee provides to the Charleston community but to have done so in the shadow of a global pandemic indicates this class has been tempered like no one and destined for great things in the future.

This year’s class will be recognized at special Forty Under 40 event on Thursday, September 30, 2021, at the world-renowned Charleston Gaillard Center from 6-8 p.m.

For more information or to reserve tickets, please visit: https://bit.ly/crbj21fortytix

About See Wee Homes
Based in Charleston, S.C., See Wee Homes has been in business since 2016 and is a member of the National Association of Realtors and Charleston Trident Realtor Association. Committed to helping folks meet their real estate goals and find their dream home, See Wee Homes is real estate done right. Founder and owner, Lisa Grant is an alumnus of Charleston Southern University with a Master of Science degree and has won multiple accolades including the Charleston Realtor of Distinction award. An author as well, Lisa won the Independent Press Award for her children’s book, “Maria Patia.” Learn more about her work and See Wee Homes’ listings at: www.SeeWeeHomes.com and www.LisaMarieGrant.com

About The Business Journal
The Charleston Regional Business Journal provides news and information for high-level business leaders and entrepreneurs across the Charleston region. As part of the SC Biz News team with several publications, including the Charleston Regional Business Journal, Columbia Regional
Business Report, GSA Business Report, SCBIZ magazine and many others online and in print, the Business Journal’s team of content providers partner with businesses and economic development leaders across the state.
#40CHS

Lisa Grant
See Wee Homes
+1 843-518-1297
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Hospitality Executive Tapped to Lead Marketing for Synergy Global Housing

July 20, 2021 (Global News Distribution) -

Today, Synergy Global Housing (Synergy) named Robin Spindel as its new VP of Marketing. Spindel will operate out of Synergy’s New York office and report to International President, Stephen Hanton. In her new role, Spindel will oversee the company’s global marketing strategy and execution.

International Serviced Accommodation Leader Announces Robin Spindel as its New VP of Marketing.

Today, Synergy Global Housing (Synergy) named Robin Spindel as its new VP of Marketing. Spindel will operate out of Synergy’s New York office and report to International President, Stephen Hanton. In her new role, Spindel will oversee the company’s global marketing strategy and execution.

“Robin’s experience, expertise, and leadership are exactly what we need to drive further brand penetration both domestically and throughout the EMEA and APAC regions,” said Hanton. “Her skills for guiding growth-mode companies to greater brand recognition, profit, and market share are a perfect match for Synergy’s internationalization efforts.”

Spindel brings over 20 years of experience creating and developing teams, building and managing marketing operations, and guiding agency partners. Most recently, as EVP of Marketing for an international serviced apartment company, she proved pivotal in doubling the company’s annual revenue during her tenure, expanding its digital presence, and fueling the company’s growth from a regional player to a global corporate housing company. Prior, Spindel served in numerous marketing executive roles for hospitality brands such as Ultimate Escapes, Insight Cuba, and Sherman’s Travel.

“I am thrilled to join a clear hospitality leader in the alternative accommodation space,” said Spindel. “Leveraging my significant experience marketing corporate housing, I look forward to increasing Synergy’s brand equity in key international markets while unifying and integrating our revitalized vision, mission, purpose, and values in the way we support travellers worldwide.”

Spindel’s hire comes mere months after the company completed a bottom-up brand refresh, complete with a new icon, tagline, and aforementioned vision, mission, purpose, and value statements. The brand refresh aimed to appeal to a diverse global audience of extended-stay travellers, and along with its parent organizations, The Ascott Limited and CapitaLand Limited, firmly plant Synergy as the worldwide leader of extended-stay housing. Spindel will focus on the core areas of digital, content thought leadership, and supporting collateral to help grow domestic operations while further developing international brand recognition and appeal.

“As we continue to expand globally, bring on new client verticals, and develop our product and services set to adapt to the changing needs of today’s extended-stay traveller, Robin’s expertise for integrated B2B and B2C marketing strategies will prove critical to our success,” said co-founder, Jack Jensky.

About Synergy:
Founded in 1999, Synergy Global Housing (Synergy) is an international serviced accommodation provider headquartered in San Ramon, CA, delivering a superior hospitality-driven extended-stay experience to the business travel and mobility industries. Providing best-in-class housing and services in over 2,000 cities in more than 85 countries, the company has office sites in China, Singapore, India, England, Ireland, and multiple locations throughout the United States. Powered by people, partnerships, and intuitive technology, Synergy offers expert, local, personalized services tailored to meet our clients’ and guests’ unique needs.

Synergy is a member of The Ascott Limited (Ascott), a leading international lodging owner-operator based in Singapore. Spanning more than 190 cities in over 30 countries, Ascott’s serviced residence and hotel brands include Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, lyf, Préférence, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite and POP!. Ascott is a wholly-owned subsidiary of CapitaLand Limited (CapitaLand), one of Asia’s largest diversified real estate groups headquartered and listed in Singapore. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide.

Contact Author

RYAN SMITH
Synergy Global Housing
+1 (925) 807-1155

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First time buyers priced out of the South of England

July 16, 2021 (Global News Distribution) -

Q2 2021 Property & Homemovers Report from TwentyCi

The South of England is now unaffordable for first-time buyers without access to additional deposit funds over 10 per cent reveals the Q2 2021 Property & Homemovers Report from property and data insight specialist, TwentyCi. The average Loan to Income (LTI) value for properties in the South now stands at 5.78, driven up by Inner London which has an LTI value of 7.7. Mortgage lenders are limited by the Financial Conduct Authority (FCA) on the number of mortgages they are allowed to issue at more than 4.5 LTI value which for many first time buyers rules out the South. The North East of England and Scotland are currently the most affordable locations for first-time buyers both with an LTI value of 2.3.

The lack of affordability is further exacerbated by the acute lack of stock coming to the market. Aside from London, the whole of England and Wales at a regional level has between two and 1.7 months of property stock left to sell. Overall, the available months of stock numbers are down by half on historical norms. The South West has the lowest level of houses for sale, whilst Inner London currently has the most.

The lack of stock is resulting in demand outstripping supply which is driving up house prices. The average asking price across the UK in Q2 2021 is now £391,000 compared to £361,000 in Q2 2019, an increase of 8.3 per cent. Wales and the North West have experienced the highest year-on-year price rises at 22 per cent and 20 per cent respectively. Inner London and Scotland at three per cent and 10 per cent have the lowest growth rates.

In comparison to Q2 2019 new instructions have fallen by four per cent, whilst the number of sales agreed has risen by 33 per cent and exchanges have increased by 18 per cent. The number of price changes is also significantly down (-39 per cent) as is the number of properties being withdrawn from the market (-21 per cent). With demand exceeding supply there is less requirement for discounting and less stock encourages buyers to remain in transition rather than look for an alternative.

Despite the stamp duty holiday at the £500,000 threshold coming to an end and the £250,000 threshold finishing in September the number of people wanting to move has risen by 11 per cent since last quarter now accounting for 428,567 indicating that it is unlikely the property market will slow down significantly this year. Those Moving Soon and Moving Now have also increased by 16 per cent and 23 per cent respectively. Compared to Q2 2019 the number of households in the moving journey is up by over 40 per cent, with an additional 500,000 households entering, progressing or completing the process of moving. This significant shift in the behaviour of the homeowners can bring huge gains and strong ROI across multiple sectors and categories particularly as home movers are proven to contribute an additional three per cent GDP per annum over and above the purchase price of the home.

Comments Colin Bradshaw, Chief Customer Officer, TwentyCi:
“Getting on the property ladder has always been tricky, however, for people in the South of England it is now impossible without additional funds over and above an average mortgage and a 10 per cent deposit. As we know the pandemic has changed the way people live their lives and as a result of this and a generous fiscal policy, the property market is booming. However, with the stamp duty holiday coming to an end it remains to be seen whether there will be a significant increase in transactions falling through as a direct consequence of missing the incentive of the deadline.”

ENDS
Notes for editors
TwentyCi is a home mover & behavioural data agency that delivers strategic data, insight and engagement solutions.
Holding the UK’s largest and richest resource of factual home mover data compiled from more than 29 billion qualified data points, TwentyCi works with advertisers and their agencies to create contextually targeted marketing programmes that cut through by reaching consumers at the exact moment that they need a company’s product or service, through the best media channel for that individual.

Please note that our publication normally provides a year-on-year comparison of the residential market, however, given the extraordinary impact on the market arising from the Covid-19 pandemic and the unique events affecting the property market during 2020, for this report the comparison looks back at 2019 to provide a ‘near normal’ comparison

Contact Author

LOUISA OSMOND
TwentyCi
+44 7977401235

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The World’s First NFT Resort by LABS Group Begins Auction on July 15th

July 12, 2021 (Global News Distribution) -

Making resort and hotel investment possible for everyday investors

 LABS Group, an end-to-end blockchain property investment platform, will begin its auction of the world’s first-ever community-owned resort and Rewarding Timeshare (RTS) non-fungible token on July 15, 2021. Kunang Kunang Glamping Resort, the brand new resort located in Banyuwangi, Indonesia, is developed and operated by LABS Group partner Gravity Resorts.

The resort NFT ownership will tokenize and fractionalize the entire resort into 365 RTS-NFTs, and each will be sold through an auction on the Refinable NFT marketplace for 13 days, with each auction lasting 48 hours.

Mahesh Harilela, chairman of LABS Group, said, ‘LABS is introducing a revolutionary cross-dimensional investment opportunity that allows everyday investors to purchase overseas property easily, by lowering the entry point of property ownership and removing both geographical and legal barriers. LABS goes through all of these protocols to ensure safety.’

Each RTS-NFT will come with a staying right that can be swapped with other RTS-NFT holders, among other benefits. In addition, there will be an additional naming right NFT to be auctioned to grant the holder the right to name the resort, along with an annual staying benefit of 10 days. This auction will also offer a one-time naming right for the top 15 bidders to name rooms of the resort. The RTS-NFTs can be listed, traded or sold through Refinable or marketplaces based on the Binance Smart Chain and Ethereum. Holders of the RTS-NFT will also receive voting rights for major operational decisions.

Named after ‘fireflies’ in Indonesian, Kunang Kunang Glamping Resort is a 30-minute drive away from Banyuwangi Airport and a 30-minute flight from Bali. According to the Indonesia Statistics Department, the average occupancy rate of all hotels in Banyuwangi in 2020 was 65% despite the pandemic, with occupancy numbers hitting 80-90% for most hotels. Sitting on 6,800 square meters in a lush green forest surrounded by paddy fields, the development is designed by award-winning architect Willy Sandy Ekaputra to create a special wilderness atmosphere while keeping the comforts of home and the luxury of a hotel. Its soft opening will be in December 2021, with a grand opening slated for February 2022.

LABS Group also partnered with Greater China Appraisal Group, which conducted due diligence, value advisory, property consultancy and feasibility studies on this first-ever community-owned NFT resort.

In partnership with Gravity Resorts, LABS Group will also have one property in Cambodia, three in Japan, and two more in Indonesia up for RTS-NFT auction within the next two years. Gravity Resorts currently owns and manages seven properties throughout Asia.

High resolution Images for the project can be seen in the following link https://bit.ly/2VmAnjd.

More clarification on the project conducted by LABS group can be seen in the following video https://youtu.be/WOI2ZoSOgTs.

For more information, please visit http://gravityresortskk.labsgroup.io/.

About LABS Group

LABS is a digitized real estate investment ecosystem that is powered by blockchain and community. The ecosystem, which aims to redefine the real estate investment sector, includes a crowdfunding and trading platform, a collateralized lending platform, and NFT reward solutions on resorts and hotels. Using the LABS platform, developers can easily tokenize and fractionalize their real estate, allowing them to sell or trade it.

Follow @labsgroupio on the following social media and tag photos with the hashtag #labsgroupio.

Social Links

Twitter: https://twitter.com/labsgroupio
Telegram: https://t.me/labsgroupio
Facebook: https://www.facebook.com/labsgroupio
Instagram: https://www.instagram.com/labsgroupio/

Media Contact

Company: LABS Group
Contact: Marketing team
Email: marketing@labsgroup.io
Website: https://labsgroup.io/

SOURCE: LABS Group

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National Floors Direct Gives Us Tips on How to Increase the Lifespan of Your Flooring

July 2, 2021 (Global News Distribution) -

How do you maintain the natural beauty of your new flooring? Why is it important to do so?

National Floors Direct wants you to protect your investment—the average cost for replacing a quality hardwood floor can cost you thousands of dollars. You simply can’t afford to let your flooring lose value because of some oversights that can be fixed with some simple tips.

Maintaining the look of your flooring increases the beauty of your entire home, making guests feel more comfortable and at home. It also increases your resale value should you ever decide to sell your home.

Tips to Improve and Maintain the Quality of Your Flooring:

National Floors Direct goes over several things you can do to keep your flooring in the best shape. Whether you have wood flooring, laminate, or carpeting, following some essential care tips can save you a lot of money and heartache over the long run.

1. Keep your flooring away from moisture. Water spills, condensation due to humidity, and other conditions can endanger your flooring health. Use a moisture-detection instrument to see how much moisture may be building up.

2. Avoid salt buildup if you leave on or near the beach. The salt content can quickly erode all types of flooring, and it is also hard to clean from carpet fibers.

3. Vacuum up sand and other debris quickly, so it doesn’t have a chance to stick to carpets. Sweep sand off of wood floors to avoid the abrasive action it can create.

4. Choose good cleaning products that nurture the natural elements of your flooring while cleaning deep down to protect the appearance.

5. For wood floors, use a natural pH cleaner that is absent of harsh abrasives.

6. Use caution when moving furniture around. Scuffs and scratches can quickly occur when moving furniture over your wood or laminate flooring, and such movement can tear carpeting.

7. Strategically place rugs or mats over high traffic areas to avoid lasting damage due to too heavy regular traffic from kids and pets.

8. If you have flooring close to an open window, try to avoid direct sunlight. This can dull the surface of your hardwood floor, reducing the luster.

9. Recoat wood floors to keep them shining like new.

10. Get a professional to tend to your flooring to prevent damage and buy top-quality flooring, to begin with, that is resistant to aging and stains.

National Floors Direct is your go-to company when searching for solutions to maintaining and purchasing top-quality flooring. You can view National Floors Direct reviews online and see what you think, based on other users who have been happy with their outstanding services.
It only takes a moment to contact them to see how they can help. Visit the National Floors Direct website to see their work and see for yourself why people prefer them to keep their flooring beautiful.

Sources

https://www.consumeraffairs.com/homeowners/national_floors_direct.html
https://nationalfloorsdirect.co/national-floors-direct/

National Floors Direct
+1 888-400-3566
National Floors Direct
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Lock & Key Financial Services Assisting Clients with Financial Freedom and Homeownership

June 30, 2021 (Global News Distribution) -

Close your eyes and imagine this scenario. You walk into a car dealership and you’ve picked out the perfect vehicle for you and your family. You complete the test drive and boy, does it drive smoothly! All you have to do now is run the numbers. After the dealership runs your credit and shops your score to 15 different banks (ouch), your interest rate comes out to be 17%! Your payment is more than you wanted to spend monthly and you leave the dealership heartbroken because: 1. Your credit was shopped to 15 banks and your score dropped drastically and 2. You didn’t drive off with the car you wanted so badly because your credit was less than perfect. Why was the interest rate so high? Can you believe this happened because you have bad credit? This happens more than you think. Not only does it happen with cars; it happens with mortgages as well. 34% of Americans have poor to fair credit scores. The team at Lock & Key Financial Services explains their process: “Our goal at Lock & Key Financial Services is to decrease that number, one client at a time. Our mission is to assist our clients with building their credit, equip them with the tools they need to maintain good credit, and help them unlock the door to their future! Our process is very simple. We speak to potential clients and identify the negative information affecting their credit. Once they’re enrolled in our program, we challenge any inaccurate and unverifiable information on their credit reports. We also construct a personalized action plan for each client and send them weekly credit education information and tips. We also work with individuals with student loan issues. We assist with consolidations, wage garnishment aid, loan forgiveness and much more!”

So how did Lock & Key Financial Services come about?

Akia Brown, the owner, went through some credit difficulties after a divorce. She reached out to a credit repair company in her hometown of Dallas, Texas, with hopes of becoming financially free of debt. She was disappointed after paying them so much money upfront, to not hearing back from the company after failed attempts. She was finally able to get on the phone with someone to cancel services. She then enrolled in a credit repair course and raised her score with the methods she learned. She was able to purchase a new home with her husband and she now helps others achieve the same goal! Lock & Key Financial Services was launched during the pandemic and has assisted many clients with becoming financially free with their credit repair services. Their clients have gone on to become homeowners and more financial literate when it comes to maintaining positive credit. Lock & Key Financial Services is accepting new clients. They have several packages to accommodate their clients’ needs!

Company Contact Information
Lock & Key Financial Services
Facebook: Lock & Key Financial Services
Instagram: lockandkeyfinancial
Website: www.lockandkeyfinancial.com

Phone: 661-899-5549
Email: info@lockandkeyfinancial.com

SOURCE: Lock & Key Financial Services

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Salim Henareh Is Featured in Exclusive Online Interview to Discuss His Success in the Real Estate Landscape

June 29, 2021 (Global News Distribution) -

Entrepreneur Salim Henareh is pleased to announce that he has recently been featured in an exclusive one-on-one interview to discuss his extensive professional success. With over thirty years of industry-related experience, Salim provides insight into his daily operations, while providing advice for those interested in pursuing a career in real estate. When asked why he chose to establish his business, he claims:

“I always loved the idea of being my own boss. As a natural-born leader, I take pride in leading my own team and seeking out new and innovative projects. At the same time, I enjoy working with other industry-leading professionals and learning what I can from them. I also like the flexibility of my role and being able to accept or decline various professional opportunities depending on where my interests lie.”

Throughout the interview, he also highlights how his business has seen continued success in their industry. He claims that by placing value on innovation, he is always one step above the competition:

“We have come a long way from our early days. Back when I had first founded the company, we got clients through word of mouth. Now we utilize a wide range of comprehensive marketing strategies and have partnered with various industry-leading professionals. Our team of professionals specializes in private mortgage lending, business marketing, sales management, and real estate development. We value innovation and are always looking for ways to expand and improve our services.”

As an experienced business professional, Salim understands how to generate long-term success. He states that his “education is never complete” and is always looking to put his best foot forward. Salim looks forward to where his company will be in the next five to ten years.

Those interested in reading the full interview can do so here.

About Salim Henareh:

Salim Henareh is the founder and CEO of a private mortgage corporation based out of Toronto, Canada. With over thirty years of industry-related experience, Salim works alongside individuals and businesses looking to invest in residential dwellings, commercial plazas, and the construction of multi-unit properties. As a leading name in the real estate landscape, Salim and his team of professionals work diligently to provide their clients with top-quality service and long-term financial solutions.

Contact Information:

Salim Henareh
Phone: 416-228-0000
Email: salim@lendersforgrowth.com

SOURCE: Salim Henareh

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LINDA XIONG JOINS NAI LEGACY AS ASSISTANT PROPERTY MANAGER

June 25, 2021 (Global News Distribution) -

Linda Xiong, an industry professional and expert in retail, office and 

industrial portfolios, joins NAI Legacy as Assistant Property Manager.

NAI Legacy is pleased to announce that Linda Xiong has joined the NAI Legacy management team.  Linda previously held a position in the property management division of CBRE and joins Julie A. Bauch, Director of Property Management, as an Assistant Property Manager.  Linda’s expertise and property management experience make a great addition to NAI’s expanding portfolio of management assignments.  

“I had the pleasure of working with Linda at CBRE and am so happy that she agreed to join the NAI Legacy team. Linda will be managing the Interchange Buildings and assisting in the management of The Shops at West End. We are so lucky to have her,” said Bauch.

“I am ecstatic to join Julie and NAI Legacy, a company that aligns with my values and organization that believes in my skills. I am committed to not only growing as a professional but also contributing to NAI’s growth,”Xiong added.

Linda joined the commercial real estate industry in 2018 and prior to joining NAI Legacy, she worked at CBRE as a Real Estate Services Administrator. She has been involved in various retail, office and industrial portfolios. Coming from an underwriting background, Linda is detail-oriented and uses her analytical skills to provide exceptional services to clients, tenants, vendors and colleagues.

About NAI Legacy Coupling the latest technology with a traditional emphasis on customer service, the NAI Legacy team provides strategic guidance, administrative support and brokerage services for properties totaling nearly 2,500,000 square feet. With business lines including property management, traditional sales and leasing services, and 1031 tax-deferred exchange solutions, NAI Legacy is adept at navigating all aspects of quality commercial real estate assignments.

Media Contacts:

Kenzie Schroeder
NAI Legacy

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Amid Hot Market, Foss Consulting Group Sees Boost in Demand for Real Estate Appraisal, Counseling Services

June 12, 2021 (Global News Distribution) -

The real estate market across America is booming right now and Foss Consulting Group is excited to be part of the momentum.

Christopher Garlick of Foss Consulting Group wants everyone to remember that you can never be too careful when protecting your assets, and Foss is there to help ensure fair valuations and appraisals – no matter what side of the transaction you’re on.

“Foss Consulting Group helps customers with real estate problems, more specifically with market value opinions,” he said. “Whether it’s required by law or to help with financial decision-making, we are here to help. Our opinions are fair, objective, and unbiased.”

There are several benefits associated with having assets appraised with Foss, especially when it comes to taxes. A quick appraisal can save a homeowner a significant chunk of change. Or, it can help them make a much larger profit than anticipated.

This was illustrated in a recent customer experience. The customer called to get an appraisal and during the process, the team at Foss found out the land that the house was on was worth way more than the house itself. The team of skilled appraisers helped the customer determine that building condos on their high-valued piece of land would at least double the value the client had in mind.

Because of the potential for these substantial tax savings, property and inheritance appraisals are among the most in-demand services at Foss.

But, Foss’ reach stretches much further than residential real estate alone, they also offer services in the following:

  • Commercial real estate
  • Appraisal review
  • Research and market analysis
  • Investment analysis
  • Market studies
  • Litigation support services
  • Cap rate consultation
  • Rent arbitration and consultation
  • Sale lease back analysis
  • Liquidation/ Dispostion
  • Business valuation
  • Tenant buyout

Working with professional real estate appraisal and counseling services company like Foss is key to protecting your assets, your bottom line, and yourself.

“Making a wrong financial decision can potentially cost millions of dollars,” said Garlick. “Foss Consulting Group helps mitigate real estate financial decision-making. Foss Consulting Group can help save customers money on taxes, real estate selling, and buying costs, divorce costs, litigation costs, and much more.”

For more information, visit https://www.fossconsult.com/about

About Foss Consulting Group
Consulting Group is a national commercial and residential real estate appraisal firm with local expertise throughout the Southern California region. Foss Consulting Group has performed appraisals in Los Angeles, Orange, San Bernardino, Riverside, San Luis Obispo, San Mateo, Kern, Imperial and San Diego Counties. We have also appraised properties throughout the rest of California, and the nation including Florida, Nevada, New York, Arizona, Oklahoma, Texas, South Carolina, Hawaii, Oregon and Washington. We are dedicated to providing valuation and consulting services through a quantitative and qualitative team research approach. Our philosophy is to provide an objective analysis to assist our clients in making informed real estate decisions. Members of the Foss Consulting team hold the MAI designation (the highest certification offered by the Appraisal Institute). Our reports are prepared with the precision that the industry demands with valuation and consulting for all major property types.

For media inquiries, please contact:
BULLFROG PR
518.354.0521

SOURCE: Foss Consulting Group

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Property Experts See Demand For Selling An Inherited Property Soar Amidst Probate Delays

May 30, 2021 (Global News Distribution) -

Property experts 321 Move have seen demand for selling an inherited property reach its peak since the end of the third UK lockdown.

Property experts 321 Move have seen demand for selling an inherited property reach its peak since the end of the third UK lockdown. This has led to subsequent delays in the probate process, adding even more stress to grieving relatives who are unable to take charge of an estate. This also leads to delays in settling bills and distribution of bequests.

In pre-covid times, the probate process would often take a matter of weeks. It is now common for families or executors to be waiting several months or more to sell property as part of the probate process.

The severe delay is a culmination of several factors as a result of the Covid-19 pandemic. A spokesperson for 321 Move explained: “A higher number of deaths, especially among the elderly, has sadly led to a sharp increase in families looking to complete the probate process. This, in addition to strict social distancing measures has meant an incredibly stressful time for many families; and that’s before we even consider the distress caused by the pandemic on daily life.”

Selling an inherited house is subject to huge delays due a huge increase in estate agents and surveyors to value the property and put it on the market. Furthermore, social distancing restrictions has caused difficulty for many to even visit the property in question.

A spokesperson for 321 Move continued: “One of the most common queries we receive is ‘how long does it take to sell a house through probate?’ We are currently seeing a backlog of up to 3-4 months. However, we are positive that the housing industry will begin to move in a positive direction and that as restrictions ease there will be more staff available to conduct surveys and in-person viewings.”

321 are house-buying experts with offices in Leeds and London.

For more information, visit 321move.co.uk.

With more than a decade of experience in the property sector with 321 MOVE, we pride ourselves on offering a professional, experienced, and cost-effective service across sales, maintenance, lettings and development.

Contact Information

Louise Newton
Green Gecko Digital
Leeds, West Yorkshire
United Kingdom
Voice: 07514439119
Website:Visit Our Website

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