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Selling you home in 2020 – During the pandemic? 

We decided to look at some myths about selling your home in 2020, and why now is great time to sell your property, the housing market is booming so take advantage. 

When Boris Johnson announced the stamp duty holiday until March 2021 it kicked started everything, a huge incentive for everyone concerned. A huge cost saving means that it’s never been a better time to buy, that tied in with house prices at an all-time high. 

Get your home on the market, here at Peregrine Property we’ll be with you every step of the way. 

There has been a huge surge of properties enter the market all across Yorkshire, so competition is high, why should someone buy your property over another one? Here is a guide on how you can make your property stand out during these difficult times of restricted property viewings. 

What do people need to see? 

People and lifestyles will change forever, one thing that is likely to stay beyond the pandemic is home working, can you show that your property has potential office space? Can a room be flexible, a small bedroom might be a better shown as an office space? 

Gardens and entertaining areas are something over the summer we all spent more time in, people invested heavily in their outdoor space, we believe that many future buyers will want to see where they can entertain guests during the warmer months of summer. Make sure to highlight the space and show just how much potential your garden has. 

Communal space is something that we’ve always considered, somewhere the family can meet and enjoy some time together but now this space has never been so important be sure to make dining and living rooms appear as welcoming and indeed friendly as possible. 

Some key 2020 facts 

  • Rural properties for the under 40s has dramatically increased due to more time now been allocated to working from home. 
  • First time buyers are no longer finding apartments as popular and indeed seeking a property with outdoor space. 
  • The importance of living close to a park and green area has increased in popularity as must when considering a property. 

Peregrine Property 

If you are looking at selling a property in 2020 be sure to get in touch with us here and we’ll be sure to help and guide you every step of the way. 

 

estate agents hull

We decided to spoil you with our latest interview, we've caught up ERE Property managing director Helen Mercer-Jones

Can you tell us about yourself and how you got into your current role and what you like about your job?

I am a mum of 3 with a finance back ground. I enjoy a challenge and  I like to keep busy. That is one of the things that I love about my job, every day is different, I get to lead, motivate and handle issues, as well as strategically planning. I am very organised and I like  things in order.

What is that your company currently does and what sets them apart from their competitors?

We CARE, we are always striving to better ourselves and our processes, “Continuous improvement” is one of our core vales and this is something that we strive for. We invest time and understanding in our people and our clients.

How has Covid-19 affected the company?

Like all businesses, it was initially a challenge and we potentially panicked a little unnecessarily, our lettings business was effected the most, as Lets and maintenance was on hold, creating a huge back log for us to return to once the doors reopened. We are very lucky, we have a great team, and all the staff embraced working from home, we remained productive and worked well together to create a fun virtual work environment. We also continued to recruit, which has been really positive for our business.

What would you say your local property market is like at the moment?

Property is going fast, investors are seeing this as a good opportunity, interests rate are low, exchange rates for overseas investors are good and if the stock is completed then it is a great time to take advantage of the stamp duty offers.

Can anything be done to help the property sector at this moment in time?

The main thing that always effects the property market is uncertainty, the UK economy and the strength of property is still appealing, but fear and negative press on the economy can cause concerns

Do you think Covid-19 will have a lasting affect on the property market?

Not on property no, the population is ever growing, we are always going to need somewhere to live, and the renters market is high. The big change we have seen is in the rentals, more people are now looking at 2 bedroom apartments rather than 1 bed, which was normally the most popular. We believe this is down to people working from home and not wanting their desk in their room, or for the support bubble and not wanting to be on their own through isolation again.

Where do you see yourself and the company this time next year?

We have taken 2020 as a planning and strategy year. We are excited about the start of 2021, we now have everything in place and feel strategically stronger and more prepared than ever. COVID pressed the reset button for us and gave us the opportunity to really asses what we need, who we are and where we are going. Next year will be a great year full of growth and success.

If you would like know more about Helen or ERE property you can find them here.

 

We decided to see how the property market was affected north of the border in comparison to here in sunny Yorkshire, here we caught up with Sean Nicol.

Can you tell us about yourself and how you got into your current role and what you like about your job?
I am the Sales Director at Coulters, having only been with the company since August 2020.
I joined Coulters from a firm, where I had the same role and spent almost 10 years, since leaving Edinburgh Napier University in 2011.
 
I have always enjoyed anything to do with property, the wide range of people that you come into contact with, the challenges that different home owners circumstances present you with and the difference that you can make to both buyers and sellers with the completion of each transaction.
 
What is that your company currently does and what sets them apart from their competitors?
What I came to realise very quickly is that the relationship that exists between Coulters and our clients is at the forefront of what every member of staff focuses on.
 
Whether that be from a buying or a selling point of view, not only does everyone at Coulters want what is best for our clients but the way in which things are carried out and communicated is second to none.
 
Moving forward my plan is to not only take the company to the next level in terms of territory and areas of expertise but also to create an environment where clients have much more involvement in the set up of their sale and the approach that the company ultimately takes for them specifically.

How has Covid-19 affected the company?

COVID-19 has thrown multiple challenges our way, as I am sure it has for the majority of companies doing what they can to make the most of such a difficult period.
 
While we have remained focused on our clients purchases and sales we have had to implement the necessary guidance, including how we carry out pre-sale marketing appraisals, how viewings are carried out and how our staff interact in person - with a rotation between home working and socially distanced working from one of our offices.
 
The way in which our clients and staff members have persevered with such major and constantly changing best practise has certainly helped.

What would you say your local property market is like at the moment?

Predominantly covering mid to high valued properties in the east of Scotland at the moment we have found an incredible surge in demand for properties, particularly at a time where the market generally cools down over the winter months.
 
I believe the catalyst for this is that the majority of people, who had planned to or would have come to either buy or market and sell over the summer months had their plans put on hold during lockdown and tight restrictions, have still come to buy and sell but within a much smaller window that would usually have been the norm.
 
This has led to activity levels during the 3rd quarter of the year that I don’t believe anyone has ever experienced. This window of opportunity still exists while we come into November and it will be interesting to see how many people cool off over Christmas and New Year, particularly before there is any potential shift in the market and therefore mortgage options and property values.

Can anything be done to help the property sector at this moment in time?

I’m not convinced an awful lot needs done for the property market but that is in relation to the areas in which we cover. I know the same cannot be said for all areas.
 
However, if / when there is a shift in the market I may have a different opinion but the LBTT holiday has certainly been a helping hand in seeing people move that may have otherwise held off.

Do you think Covid-19 will have a lasting affect on the property market?

I believe that the lasting affect of COVID-19 will be different in each and every area of the country. When you look back to the 2008 recession, there were some areas which were not affected at all and others that saw house prices fall through the floor.
 
The catalyst for this is ultimately who is looking to buy and sell in which areas and who is willing to offer and accept which levels of offers. As long as expectations remain high then there should be limited damage within these particular areas.

Where do you see yourself and the company this time next year?

I believe, although we have clearly been faced with many unexpected challenges for the majority of this year, that this has presented with many opportunities also. 
 
As such, the plan for Coulters is to continue to work on taking our systems and platforms to the next level, to offer more tailored services to our clients, to allow clients to be more hands on with the sale / purchase of what will be some of their biggest assets, to question and therefore outperform what is expected from a Solicitor & Estate Agency firm and to leave a lasting impression with all of these clients in the form of a relationship for life, rather than individual transactions.
 
 
estate agent hull

In our first of Novembers interviews we caught up Carla Frampton a property investor from Nottingham and here is what she had to say:

Can you tell us about yourself and how you got into your current role and what you like about your job?

My husband and I started in property in 2015 after spending 13 months in a touring caravan saving for our first house. We could only afford something that needed work so when we sold it 18 months later we made enough money to start the business in buy to let's. 
 
What is that your company currently does and what sets them apart from their competitors?
After investing in our property education we started buying buy to let's and decided that there was a gap in the market for pet friendly rental homes, which sets us apart from competitors.
Coming from a a veterinary background I was happy with our business plan and soon had a massive waiting list of potential tenants!

How has Covid-19 affected the company?

Covid hasn't really affected us and luckily our tenants have also been able to keep up with rent payments.

What would you say your local property market is like at the moment?

Although we seem to be experiencing a property boom as property prices are still rising we believe this won't be long lived and after Christmas, if not before, we may see a drop in prices.

Can anything be done to help the property sector at this moment in time?

It would be great if the hold on stamp duty applied to landlords but private landlords always seem to get left out of any benefits!

Do you think Covid-19 will have a lasting affect on the property market?

Covid may well have a lasting affect on property, especially if people who can no longer afford to pay their mortgages by losing their jobs may have to rent the demands for rental houses may well increase further.

Where do you see yourself and the company this time next year?

This time next year we hope to have double our portfolio and be able to offer more high quality homes to people with pets.

If you would like to know more about Carla and her company "The Life Of Riley Homes" you can find her on LinkedIn here.

 

Estate agents

If we’re honest it was only a question of when and not if we went into a 2nd national lockdown, what’s breaking news is in fact that the housing market will remain open over the new four-week lockdown period. This was confirmed in a tweet by Housing Secretary Robert Jenrick, advising the same guidelines should be followed as the guidance given back in August. 

The current government guidelines can be found here. 

So, can you still move home? 

As in stands the answer is yes, but the Gov.uk official advice states “It may become necessary to pause all home moves locally or nationally for a short period of time to manage the spread of time to manage the spread of corona virus”. Estate agents and other businesses such as removal companies have been told they can remain open as long as they follow the correct Covid advice. 

Good news  

  • The mortgage holiday will no longer end and we’ll be given more information about this on the upcoming days. 
  • Tradesman such as plumbers and electricians can still come into your property and carry out work. 

Tier 3 restrictions that were due to come into play will no longer come into effect and the whole of the country will be under the same guidelines and restrictions.  

Peregrine Property 

Here at Peregrine Property, we will keep you updated, if you're unsure in the latest rules and guidance be sure to get in touch. 

 

 

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