Date Posted: 08/12/20
Savvy sellers are taking advantage of the second lockdown to get their homes sale-ready and hopefully cash in on the many buyers still hoping to take advantage of the Government’s Stamp Duty Holiday!
Putterills’ valuers across Hertfordshire and central Bedfordshire are reporting that more sellers are trying to take advantage of the unseasonably high demand from buyers as they rush to find their next home and take advantage of up to £15,000 worth of savings if they complete before the 31st March 2021 deadline.
The fact that the property market remains open during lockdown, leaving selling until January mean buyers may miss the deadline. So pre-Christmas this year is actually a great time to be selling.
Rightmove are reporting that realistic pricing and presenting your home at its best are the key to finding that buyer. Those homes priced too highly and not selling now, could achieve less next year as more property traditionally comes to the market giving buyers more choice.
Overall, prices in the South East have risen by just over 5% this year (source Rightmove) but more importantly, the volume of transactions is up staggering 67% on the same period last year.
Help To Buy on New Homes
Many buyers have been using the Government’s Help To Buy equity loan. At the moment, both first time buyers and existing homeowners can use the scheme to move up the market into a New Home, with the 20% Government equity loan. However, from April 2021 it is only available for First Time Buyers and with a new price cap locally of approximately £407,000 (previously £600k). If you are hoping to use the scheme, you need to act quickly so please speak to our New Homes team ASAP on 01462 453195 to find out which homes qualify.
To get the best advice from Hertfordshire’s trusted property experts, please contact us now.
