Selling Property in Lockdown | Blog | Jacobs Steel
Following the general election in December, where Boris Johnson won a landslide victory for the conservatives, the property market began to experience a ‘Boris Bounce’. The market was full of optimism and pent up demand following years of uncertainty surrounding Brexit.
Well, now the market has a new monster to face. COVID-19 (Coronavirus) is completely uncharted territory for the entire world; and there are no doubts that it will have a lasting effect on economies around the globe.
That being said, it is the opinion of property experts everywhere that once this wide-spread pandemic has been dealt with, the market will experience a second ‘bounce’ of pent up demand.
An article released by Property Industry Eye on 25 March 2020 stated that HMRC recorded the highest number of completions for February since 2016; and property portal Rightmove’s monthly house price index has shown a solid increase in listings, sales and prices month on month since December.
All this data, paired with current reports of buyers and sellers alike continuing to show a genuine desire to move home, indicates that the UK property market may come out of this historic lock-down even stronger than before.
How can I get a valuation during lock-down?
Jacobs Steel offer instant, online valuations for both sales and lettings. You can access this tool here: [link to Valpal]
How can I view a property during lock-down?
At Jacobs Steel we are doing everything in our power to preserve some momentum with our current stock. By utilising current technology, we are able to continue doing live, in-the-moment viewings via video-chat. Contact your local branch to enquire.
What can I do to prepare my home for sale?
With the whole country on lock-down for at least 3 weeks, there is plenty of time for you to whiz around your home and prepare for going on the market. Click here to read our blog post: 8 ways to prepare your home for sale
If you’d like more advice about selling and Coronavirus contact us on 01903 500004.
We will help guide you through the situation and come out the other side of this testing but temporary time stronger and wiser.