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Selling A Property During Lockdown

COVID-19 came with different forms of restrictions across various parts of the United Kingdom. These restrictions essentially affect almost all the important aspects of our lives, including how we move and meet in both public and private. But that is not all; the real estate industry was also affected.

The United Kingdom government came with a set of rules on selling and buying properties in the wake of the pandemic. These new regulations have left most home buyers and sellers unsure of what is acceptable and what is not. The situation is even more trivial for people who are in the middle of selling or buying a house.

This post discusses all you need to know about selling a property during the lockdown in the United Kingdom.

The Housing Market in the United Kingdom Remains Open

Let’s start by saying that the UK’s housing market will remain operational during the current national lockdown. According to the memo from the Ministry of Housing, Communities, and Local Government, last updated on the 7th of January, 2021, the current guidelines for property sales and purchase do not prevent anyone from buying, selling, or moving.

Since property sales can still proceed under the current lockdown, let’s look at how you can easily and efficiently sell your property.

How to sell your property during the lockdown

There are many ways to sell your home, you could use an estate agent, auctioneer a quick house sale company like Sell My Home Now or handle the entire process by yourself. All these options are still accessible in the lockdown but with a few modifications. However, it is best to work with professionals, considering the current situation.

Working with professionals

Despite being in a pandemic, property professionals will help you get your property off the market in the shortest time possible.

What method is right for you?

When selling a property during the pandemic it is important to minimize contact wherever possible, depending on the method chosen when selling your property, will generally dictate the level of contact exposure. For example, an auctioneer or a quick house buying company will limit contact exposure to a minimum due to not having a requirement for the public to undertake viewings of a property. If you are considering using an estate agent, you will need more than the regular estate agent to sell your property in the pandemic. Instead, you should opt for a company who has everyone’s interest at the forefront of their sales procedures. A company who has the correct technology in place will be beneficial to minimize contact.

Since most of the sales process will be online, it is best to work with agents with extensive experience and expertise in the digital sales process. Their listings must be available to view on their websites, with the right details included in each case.

Virtual market appraisal

You can get an even more accurate idea of what your property commands in the current real estate market by having a contactless market appraisal. The appraisal will be done over a video call, where you discuss your property with a local expert. It may involve showing them around your house.

While your agent cannot physically inspect your property, they can use the information gathered from the virtual meeting and their local knowledge about similar properties in the area to arrive at a near accurate market price.

Viewings and Inspections

Some estate agents are now adopting the 360-degree virtual tour option, where viewers can see get a better view and understanding of the property’s layout before making a decision. However, your real estate agent will still need to show up at your property to take images and record the content required for the 360 virtual tours. While at it, they must adhere to the social distancing ad safety rules, as laid out by the UK government.

You may consider physical viewings when a buyer is willing to make an offer and exchange contracts. You may also entertain property surveys if there is a willing buyer. However, such must be by appointment only and must be in line with the government guidelines.

For instance, during an in-person viewing:

– There must be a two-meter distance between two people at all times.
– Everyone must also clean their hands immediately before and after the inspection.
– You should also limit the number of people checking out the property as much as possible.
– Keep all doors open and ensure that everyone on site is wearing the right face covering.

Answering potential buyers’ questions

There will always be questions from potential buyers about your property. While your agent must have provided the basics, you are in the best position to offer the specifics; after all, it is your property.

If you cannot answer such questions during the official viewing and inspection, you should opt for phone calls. Phone calls are a safe and efficient way to discuss unclear issues and offer you an excellent opportunity to convince the buyer about your property.

Avoiding delays

With the pandemic’s current situation, it is possible to experience delays when selling or purchasing a property. But you can minimize or avoid the delays if you do the following:

– Prepare your property: It is essential to have your home well-staged to increase the chances of attracting the right buyers. Buyers are more likely to decide faster if the house is in the best condition and free.
– Prepare your paperwork: Paperwork is an important aspect of the sales process. Identify the documents your buyers will need and compile them beforehand to avoid delays.
– Expedite negotiations: Work with your agent to fasten talks so that you can close as soon as possible. While you cannot avoid negotiations, it is important to keep it quick and easy.
– Sell to a cash buyer such as Sell My Home Now, It is easier and faster to sell to a buyer who is willing to pay cash for your home and conclude the process in the shortest time possible. So, always prioritize cash buyers.

Ask the Experts

Understandably, it can be difficult to navigate the property market during a pandemic. COVID-19 has complicated what used to be a simple and straightforward process.

If you would like to know more about how to sell your property safely during the pandemic you can always speak to one of our friendly property experts as Sell My Home Now. We are always available to help.

If you would like to sign up to our newsletter please enter your email below

Selling A Property During Lockdown

COVID-19 came with different forms of restrictions across various parts of the United Kingdom. These restrictions essentially affect almost all the important aspects of our lives, including how we move and meet in both public and private. But that is not all; the real estate industry was also affected. The United Kingdom government came with a set of rules on selling and buying properties in the wake of the pandemic. These new regulations have left most home buyers and sellers unsure of what is acceptable and what is not. The situation is even more trivial for people who are in the middle of selling or buying a house. This post discusses all you need to know about selling a property during the lockdown in the United Kingdom.

The Housing Market in the United Kingdom Remains Open

Let’s start by saying that the UK’s housing market will remain operational during the current national lockdown. According to the memo from the Ministry of Housing, Communities, and Local Government, last updated on the 7th of January, 2021, the current guidelines for property sales and purchase do not prevent anyone from buying, selling, or moving. Since property sales can still proceed under the current lockdown, let’s look at how you can easily and efficiently sell your property.

How to sell your property during the lockdown

There are many ways to sell your home, you could use an estate agent, auctioneer a quick house sale company like Sell My Home Now or handle the entire process by yourself. All these options are still accessible in the lockdown but with a few modifications. However, it is best to work with professionals, considering the current situation.

Working with professionals

Despite being in a pandemic, property professionals will help you get your property off the market in the shortest time possible.

What method is right for you?

When selling a property during the pandemic it is important to minimize contact wherever possible, depending on the method chosen when selling your property, will generally dictate the level of contact exposure. For example, an auctioneer or a quick house buying company will limit contact exposure to a minimum due to not having a requirement for the public to undertake viewings of a property. If you are considering using an estate agent, you will need more than the regular estate agent to sell your property in the pandemic. Instead, you should opt for a company who has everyone’s interest at the forefront of their sales procedures. A company who has the correct technology in place will be beneficial to minimize contact. Since most of the sales process will be online, it is best to work with agents with extensive experience and expertise in the digital sales process. Their listings must be available to view on their websites, with the right details included in each case.

Virtual market appraisal

You can get an even more accurate idea of what your property commands in the current real estate market by having a contactless market appraisal. The appraisal will be done over a video call, where you discuss your property with a local expert. It may involve showing them around your house. While your agent cannot physically inspect your property, they can use the information gathered from the virtual meeting and their local knowledge about similar properties in the area to arrive at a near accurate market price.

Viewings and Inspections

Some estate agents are now adopting the 360-degree virtual tour option, where viewers can see get a better view and understanding of the property’s layout before making a decision. However, your real estate agent will still need to show up at your property to take images and record the content required for the 360 virtual tours. While at it, they must adhere to the social distancing ad safety rules, as laid out by the UK government. You may consider physical viewings when a buyer is willing to make an offer and exchange contracts. You may also entertain property surveys if there is a willing buyer. However, such must be by appointment only and must be in line with the government guidelines. For instance, during an in-person viewing: – There must be a two-meter distance between two people at all times. – Everyone must also clean their hands immediately before and after the inspection. – You should also limit the number of people checking out the property as much as possible. – Keep all doors open and ensure that everyone on site is wearing the right face covering.

Answering potential buyers’ questions

There will always be questions from potential buyers about your property. While your agent must have provided the basics, you are in the best position to offer the specifics; after all, it is your property. If you cannot answer such questions during the official viewing and inspection, you should opt for phone calls. Phone calls are a safe and efficient way to discuss unclear issues and offer you an excellent opportunity to convince the buyer about your property.

Avoiding delays

With the pandemic’s current situation, it is possible to experience delays when selling or purchasing a property. But you can minimize or avoid the delays if you do the following: – Prepare your property: It is essential to have your home well-staged to increase the chances of attracting the right buyers. Buyers are more likely to decide faster if the house is in the best condition and free. – Prepare your paperwork: Paperwork is an important aspect of the sales process. Identify the documents your buyers will need and compile them beforehand to avoid delays. – Expedite negotiations: Work with your agent to fasten talks so that you can close as soon as possible. While you cannot avoid negotiations, it is important to keep it quick and easy. – Sell to a cash buyer such as Sell My Home Now, It is easier and faster to sell to a buyer who is willing to pay cash for your home and conclude the process in the shortest time possible. So, always prioritize cash buyers.

Ask the Experts

Understandably, it can be difficult to navigate the property market during a pandemic. COVID-19 has complicated what used to be a simple and straightforward process. If you would like to know more about how to sell your property safely during the pandemic you can always speak to one of our friendly property experts as Sell My Home Now. We are always available to help.

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