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How buying a property during COVID-19 works

COVID-19 has produced many uncertainties for people around the globe. Rishi Sunak’s decision to exempt stamp duty for a period of time has meant that the property market has been booming. This has produced some questions as to how buying a property during COVID-19 works, and we’re here to help. This handy article will explain all the subtle changes to the buying process.

Starting your search

Your search can begin as it would at any other time. Visit one of our offices to discuss your needs with one of our friendly agents. Outline your precise requirements and our agent will be in contact to arrange some viewings. If you’d prefer to keep away from our offices then don’t hesitate to pick up the phone to describe your new property needs. From here our agent can be in touch to set up viewings in one of two ways outlined below.

Viewing a property

There are two ways viewing a property can work during COVID-19. These are physically and virtually. A physical viewing is a traditional viewing whereby you can attend the property to assess it yourself. In this case you will be asked to socially distance and wear a mask at all times. Alternatively, you may choose to arrange a virtual viewing, which will be conducted via a video call. An agent will be in touch to arrange the call and organise a time. From here, the agent will walk around the property with a smartphone allowing you to see as much as possible as they show you around the property. As it is a call you will be able to ask your own questions regarding any aspect of the property.

Making an offer

Once you’ve identified your dream home and are ready to put an offer in then you can proceed as usual. If accepted, the process of completing the sale can begin. This process can take a little longer due to current circumstances, however your agent will work with both parties on an agreeable timeline.

It’s as easy as that! Now you know how buying a property during COVID-19 works, and it couldn’t be easier with Chamberlains. If you’d like to start the process then feel free to pick up the phone or visit our office in Teignmouth today!

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Is it possible to sell during COVID-19?

As restrictions surrounding COVID-19 have become tighter and are constantly changing, many have been left asking the question “Is it possible to sell during COVID-19?” It is indeed possible to sell during COVID-19, however, expect a few changes to the usual protocols. Certain regulations alter the way we conduct viewings, valuations and offers. So check out our short guide below for all the details.

Valuations

There are two ways valuations are being conducted at the moment. The first, is the traditional face-to-face method. During this time a valuer will come to your property wearing a face mask and ensure they socially distance. Other than this the valuation can take place as normal. Residents, should they prefer, can stay away from the property during this time. Secondly, you can choose to have your property valued remotely, over video call. This method will cause the accuracy of your valuing to suffer, therefore we recommend a face-to-face valuation.

Viewings

Similarly, viewings can be conducted in one of two ways. Those viewing the property can choose to visit the property in person, adhering to all guidelines during this time. Of course, residents can choose to be away from the property during the viewing. Secondly, the viewing may be conducted remotely. This will involve the negotiator dialling into a video call with those viewing the property and showing them around the property in this way.

Offers

Finally, offers can be made in the usual manner during this time. However, should there be an agreement on the offer, the sales process may take a little longer. In this case, the agent will work with both parties to organise a timeline that suits both parties. Unfortunately, some of the processes surrounding sales have slowed during COVID-19.

Despite a few changes selling your property during this time couldn’t be easier! Head down to our Teignmouth office to discuss next steps to sell your property!

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UK Property Market Sales High

Last week, the NAEA announced a thirteen year high on the number of sales agreed per branch during July. On average, branches sold thirteen houses throughout July, a number not previously reached since June 2007, before the financial crisis.

Year-on-year, there has been a 44% increase when compared to July 2019, signifying just how pivotal the Chancellors decision to remove stamp duty has been on the property market.

Despite the increase in sales, sale prices seem to have fallen. Only 8% of properties sold for over their asking price, down from 10% in June of this year. Additionally, 60% of sales were completed for less than their asking price.

Interestingly, the slight decline in sale prices has come with a rise in demand. From June of this year to July, the NAEA reports an increase of 13% in new house hunters registering. Couple this with an increase of 35% in new signups from July 2019 and the increase in demand is evident.

While demand rose, so too did supply. There was an increase of six available properties per branch between June and July, rising from 37 to 43. Although, it must be noted this is only a marginal increase when compared to last years stats.

These figures certainly show a willingness to buy in the current market and with no stamp duty its no wonder why. If you’re looking to take advantage of this, why not pop down to our Teignmouth office or get in touch via phone? We’d be happy to help.

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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!

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Welcome to Teignmouth

Teignmouth is a stunning coastal town with historic Georgian buildings, long sandy beaches, and fresh local food.

The town sits on the edge of the mouth of River Teign and the South Devon coast – and is surrounded by lush Devon countryside, so you won’t find a more beautiful setting for a holiday.

Located on the main South West train line, Teignmouth is an easy journey from London. Along the most spectacular coastal train route in the country. Dartmoor National ParkExeter and Torquay are just a few miles from Teignmouth, making it an ideal central location to explore the rest of South Devon.

Things to do in Teignmouth

Teignmouth is the ideal family holiday destination – with a Victorian Pier, lido, play park, crazy golf and skate park. All of which are within easy reach of the beaches and town centre to keep the kids entertained.

Teignmouth beaches are great for family days out, Teignmouth Town beach is a long expanse of sand with the pier, arcades and promenade.  Teignmouth River Beach is full of beautiful fishing boats and has a wonderful quaint village feel – perfect for coastal walks with the dog.

The town itself has beautiful Georgian buildings and a lovely high street for a bit of retail therapy. On the promenade, Teignmouth Pavilions hosts a regular cinema and child friendly events all year round.

Across the river is the quaint village of Shaldon which has beautiful views across to Teignmouth, and is home to the Ness and a smugglers tunnel cut through the South Devon cliffs.

Ideal for walking, Teignmouth is on the South West Coast Path, as well as at the end of the Templer Way, an 18 mile walking trail which traces the historic line of granite being taken from the quarries at Haytor on Dartmoor, to the docks at Teignmouth. The walk follows the Stover Canal, and is one of many scenic footpaths covering South Devon.

Eating Out

With the sea and the River Teign, Teignmouth is gaining reputation as a gourmet destination. Most of the local seafood will have been caught that morning – you can watch the boats come in at the River Beach landing their catches before it goes to the local restaurants.

The Taste of the Teign food trail gives visitors the chance to visit and taste the towns gastronomic delights –world renowned mussel and oyster beds, picking fresh berries to make your own jams, visiting the country’s steepest vineyard, and microbreweries making craft beers and real ales.

Top Events in Teignmouth

In March, the Classical Music Festival and the Poetry Festival host events, recitals and workshops around the town. The Folk Festival in June is one of the top festivals in the UK – a 3-day event where the town atmosphere is electric.

During the summer holidays there are carnivals and regattas in Teignmouth and Shaldon that the kids will love. In September there is the Taste of the Teign Food Festival, and in November, the town is alive with the local Jazz Festival.

History of Teignmouth

Teignmouth dates back to 1044. By the 1800s it was fashionable with tourists, and to this day remains a functioning harbour. If you want to explore the history of the area further, a visit to the Teign Heritage Centre is a must.

Visitor Information

There is a visitor information point located inside the Pavilions on the promenade.

Information is from https://www.visitsouthdevon.co.uk/places/teignmouth-p187813