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How to sell your property during COVID-19?

While COVID-19 has undoubtedly had a huge impact on our lives, the impact on the property industry has been minimal in comparison to some markets. This means that property transactions can go ahead with only some slight changes to the usual processes. Here, we explain how to sell your property during to COVID-19.

Valuations during COVID-19

Valuations can be conducted in a very similar manner to before the COVID-19 crisis took place. A valuer will come to your property to assess and produce a valuation. The valuer will adhere to COVID-19 regulations as provided by the government. This therefore means our valuers will wear face-masks and socially distance themselves from any residents. Of course, if your preference would be to stay away from your property while the valuation is conducted, Chamberlains can work with you to make the necessary arrangements for this. While we can offer valuations over video call, we recommend a face-to-face valuation for the most accurate value of your property.

Viewings during COVID-19

Much like valuations, viewings can be conducted both online and face-to-face. Your negotiator will ensure a face-mask is worn by both themselves and those viewing the property. Your negotiator and those viewing will also socially distance from any residents. Similarly to valuations, residents can decide to be away from the property during the viewings. Alternatively, those viewing may decide they want to view remotely. In this case, a negotiator will schedule a video call with those viewing the property and show them the property via the video call, answering any questions as they walk around the property.

Receiving an offer during COVID-19

If someone would like to make an offer on your property they can do so as usual before the COVID-19 crisis hit. Once an offer is agreed upon the sale can be completed as usual. At this time, do expect some delays as some of the usual processes are taking slightly longer than usual. We will work with both your and the buyer in this case to provide a timeline that suits all parties.

We hope we have clearly explained how to sell your property during COVID-19. Our Bovey Tracey office is back open and fully functioning, so pop in to discuss a valuation on your property today!

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UK Property Sales High

The NAEA recently announced the results of the property sector for July of this year and the results are certainly interesting and include a UK property sales high not seen for thirteen years.

It was noted that branches of estate agents sold an average of thirteen houses during July. This figure has not been so high since before the financial crisis in June of 2007, making it a UK property sales high for that period. Looking at this on a year-to-year basis also makes for interesting reading, with a 44% increase in comparison to July of last year signifying a remarkable increase.

With large increases in the number of sales there has come a decrease in the sale prices of properties. Just 8% of sales were agreed above the asking price, down from 10% in June. Add to this the fact that 60% of sales were agreed for below asking price and it is clear there has been a slight decline in sales prices.

The decrease in sale prices, somewhat surprisingly, comes with an increase in demand. The NAEA reports an increase of 13% in new house hunters registering per branch in July when compared to June. Year-on-year the statistics align, with a 35% jump in new signups in comparison to July of last year.  

Along with demand, supply also rose. In June of this year branches across the UK would have, on average, 37 properties for sale. In July this jumped by six to 43 properties on sales at each branch, representing an increase in supply. However, year-on-year there has only been a minimal change with an average of 41 properties available throughout branches in July of last year.

The figures certainly represent a large change for the property market during July and one that is likely to continue into August and beyond. Head on down to our Bovey Tracey office and have a chat with us to discuss your options!

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Selling your home in 2020

Selling your home in 2020

With spring on the horizon, you can beat the rush by listing your home now. Spring often comes out on top as the best time to sell, once the end of year celebrations are over and the weather hasn’t yet warmed up for summer holidays, but online property portals mean people can look for property at all times of the year. Potential buyers at this time of year tend to be serious buyers and savvy buyers understand that by viewing a house in winter they’ll know of any weather-related issues. If a potential buyer views a property in January or February and it meets their expectations, they can be confident that it’s a property they will enjoy year-round.

Here’s our checklist for getting started:

1. Ensure your home is ready

Make sure your property is clean, tidy and free from clutter and that it has curb appeal, looking good from the outside in. It may be worth having a survey done, so you can fix any problems, and use it to demonstrate your house is in good condition.

Living room interior

De-clutter and de-personalise, storing as many personal effects as possible without making your home look empty. Don’t forget the garden, either. Gardens are increasingly regarded as an additional room, so trim those hedges and tidy up flower beds so potential buyers can imagine a burst of colour in spring.

2. Find an agent you trust

Find an agent you trust to value your property. Don’t be afraid to ask them why they’ve suggested that price and what they’ll do to find the most suitable buyer. You can also ask for recommendations on what you can do to increase your property’s appeal. We do a great job for our clients but don’t just take our word for it, google Chamberlains and see our customers reviews for yourself.

3. Prepare for viewings

First impressions count and it’s not just about your home. Just before any viewings begin, wander down your street and dispose of any rubbish – buyers are looking at your property and your neighbourhood. Freshen up each room with a subtle spritz of air freshener or open windows for a blast of fresh air and keep pets out of the way – not everyone loves your dog.

Declutter - Living room

4. Choose a solicitor or conveyancer

Your solicitor or conveyancer will handle the legal work to transfer ownership of the property. Getting this sorted now can take weeks of the process, so if you’d like us to get you a quote. Just let us know.

5. Get your paperwork in order

If you get your paperwork sorted out early, it will help the sale move quickly once you’ve accepted an offer. This includes:

Proof of identity

Shared freehold/leasehold documents

Energy Performance Certificate (EPC)

Property Title Deeds

Management Information Pack

Fittings and contents form 

Property information form 

Mortgage details

These steps can speed up the sale of your property, meaning you can be settled into your new home in plenty of time to enjoy the summer.

Ready to get a valuation? Chamberlains will guide you as to what you should do to increase the saleability and value of your home. Book your free valuation now!