Buying Property In The Changed Housing Market

22nd June 2020 posted in Property News

Every day, we are adapting to new practices of working, of shopping and with meeting friends and loved ones. The world has changed significantly in recent times, and it is likely the impact will reach far into the future.

There have been some changes to the housing market since it re-opened in mid-May, and there will likely be further evolutions in the market as we adapt to new challenges. At Hunters Stoke Newington, we are pleased to say we are here to assist you with whatever move you wish to make now, or in the near future.

It is important to be aware that there are new challenges in the housing market. If you are highly experienced in sales, buying or letting, you might need to reconsider some of the traditional practices you are accustomed to. If this is your first time moving home, it is important to follow the new guidelines, as this will ensure you make the most out of the move.

James Greenwood of Stacks Property Search, a company which offers a range of property finder services, says: “People are still wary, and understandably being very careful. While we’re encouraging buyers to go and look at property physically, it’s often not possible to revisit as often as one might have done in the pre-Covid world. But if you’ve just spent over two months living with somebody incompatible, or in what is clearly the wrong house, you shouldn’t delay the moving process longer than necessary.”

Virtual tours have become vitally important

No matter what your role is in the next move, we must accept virtual tours are a tremendous way of buyers and tenants seeing a home without taking an unnecessary journey. While physical viewings can take place, and we follow safety measures when doing so, many people feel more comfortable viewing a home virtually.

Virtual valuations are also featuring prominently in the property market right now. Like virtual tours, these are invaluable in the current climate. Virtual valuations help sales or lets to proceed initially. However, in the longer-term, it is likely a more thorough valuation will be required.

James Law of Stacks Property Search, comments: “If you’re selling, don’t let the onerous protocols put you off going through the usual process of obtaining a good valuation, and assessing a range of selling agents. You should have three agents come and see you and the property; stick to the rules, but don’t be tempted to skip this part of the process. If your property isn’t on the market, you’re going to find it hard to persuade selling agents to take you seriously when it comes to viewing properties you’re interested in.”

Do your research before committing to a move

Of course, while there are many changes in how property deals proceed, many things remain the same. You must be confident about your finances, and you should research an area before you commit to a move. We appreciate present circumstances mean some people need to move quickly, but the size of commitment associated with a property deal means it is always worthwhile taking your time to ensure you feel confident about the move.

If you need any help or guidance regarding property matters, please get in touch. As your local housing market specialists, we will do what we can to ensure you make your next house move in style. Contact Hunters Stoke Newington today for all your housing and letting needs.