A Shropshire estate agent is recommending that sellers’ market their property by 26 September, in order to meet the stamp duty holiday deadline of 31 March 2021.
Andrew Cadwallader, managing partner for south Shropshire at Samuel Wood, said housing market activity was “excelling” following the Chancellor’s announcement of a stamp duty holiday, and experts expect the market to remain busy into the new year. But said that in order to ensure the sale went through in time, now was the time to ensure your property was for sale.”
“The property market is thriving, with clear interest from both buyers and sellers as a result of the stamp duty holiday, we’ve seen the highest sold figures recorded since June 2007,” said Mr Cadwallader.
“Our advice to sellers at the moment is to make sure they show house hunters how serious they are by adhering to social distancing measures, getting the house ready for sale so the photos show it in the best light and price the property realistically – despite the temptation of the current ‘maxi boom’ in the market, sensible prices sell homes,” he added.
Russell Griffin, managing partner for Shrewsbury and north Shropshire at Samuel Wood, said: “The temptation to overprice as you know buyers will be saving on stamp duty is bound to backfire and lose you valuable time on the market.
“The majority of house viewings happen in the first 20 to 30 days of the listing, with virtual viewings currently taking place even sooner and many houses selling with days or a week of being on the market.”
Samuel Wood recommends making a shortlist of possible agents and asking them to provide a valuation for your property.
“This is a chance for you to check their communication skills, professionalism and knowledge. Don’t be afraid to ask questions, and make sure to gather as much information as possible – you’re going to need it when it comes to making a decision about who you want to sell your home.
“NAEA (National Association of Estate Agents,) Propertymark Protected agents, like us, follow best practice, meet all requirements of the profession and work to industry standards.
“We always recommend you use an NAEA Propertymark estate agent. They hold Professional Indemnity insurance and if they are holding monies are required to be covered by Client Money Protection to give you peace of mind throughout the sale of your property,” said Mr Griffin, who is also the West Midlands Regional Executive on the NAEA Propertymark Board.
“Ask your estate agent about their sales toolkit, which will save you money, reduce the length of time you wait to move, minimise the risk of the sale falling through and remove many of the problems that so often occur in a property sale,” said Mr Cadwallader.
“This contains information completed before your house is ‘sale ready’. Alongside this, you will also need copies of all relevant paperwork, including a copy of the lease/documentation related to the freehold, FENSA certificates, Energy Performance Certificate and building regulation certificate amongst others.
“Following all social distancing measures and making sure everything is in order will help maximise your chances of completing ahead of 31st March,” he added.