Date Posted: 17/12/20
Putterills’ Director, Mark Shearing, gives some important advice for all those rushing to buy or sell a property by 31st March next year.
Completing a property sale or purchase before the end of March next year could be worth a great deal of money in Covid 19, stamp duty exemptions. After all, if you can’t enjoy a sunny or snowy holiday this winter, then you might as well enjoy a lovely tax holiday instead. Think of it as a spa break for your bank account but be quick, as there is no time to delay.
Rightmove are reporting that the level of transactions is already 67% ahead of the same period last year and that is expected to get higher as we see the usual seasonal upturn in January. This is certainly in line with the levels of local sales that Putterills are agreeing. Most of our offices now need more homes to sell as they have some great quality and eager buyers on their books.
Sadly, four months is not very long in property sale and purchase terms. Finding a property and a buyer, arranging searches, drawing up contracts and sorting out finance all take up a great deal of time, so this needs some urgent yet careful planning and execution.
To beat the taxman, there is a particular measure you can take to speed things along: hire the A-team.
Choose the best Estate Agent: Not just one who will find you a buyer, but one who will do their very best to see the sale through in good time. Many people are unaware of the experience, tenacity, patience, charm, persuasion and sheer stubborn determination that estate agents deploy in order to ensure a sale goes through to completion. Trust Putterills with your sale, with nearly 30 years of experience, you will be in safe hands. Though don’t just take our word for it, click here to see what our clients say about us.
Choose the best Solicitor: In our digital age it is, surprisingly, taking longer to complete a property sale and purchase now more than ever. It’s important to instruct a local solicitor with experience in your area and one with knowledge of the potential pitfalls ahead in the conveyancing process and the knowledge of how to resolve these. Putterills are very happy to make a recommendation in this area.
Choose the best Mortgage Broker: Of course you can arrange a mortgage yourself, but in a race against time a broker will know where to go to speed things up and how to push things along.
An A-team might cost you a little bit more. But it could be a drop in the ocean compared with the up to £15,000 savings in tax if you beat the deadline.
Moving may still be stressful, especially when working to a crucial deadline, but put the right team in place now, with nearly 30 years of experience in the Hertfordshire property market and your worries will be fewer and your chances of success greatly improved.
For the latest information on what’s happening in your area, please call your local trusted property experts here at Putterills.
We look forward to hearing from you.
The Putterills Directors
