“What should I do if I am selling?”
Viewings on hold – now that property viewings have been suspended, you may be worried about what this means for your moving plans. When people are uncertain of their immediate future, they are reluctant to make decisions and do anything to change their current status quo. Don’t worry – the buyers who are really keen, will contact your agent and leave their details, so when this situation ends, you may have viewings straight away. Just check with your estate agent that interested parties’ contact details are being recorded.
Online interest – with everyone at home right now, you may get a spike of browsers looking at your property online. Most browsers turn into buyers eventually, and this should mean the property market gets a bounce in a few months, so you need to be ready. Now that the Government have slashed the borrowing rate to the lowest in its 325-year history, some buyers may feel there’s never been a better time to buy a house.
Cheeky offers – we’ve certainly had some very low offers on some of our homes from buyers wanting to cash in on this uncertainty. If you really need to move now, and just can’t wait, you may be tempted to take a low offer, but if you can wait, you’ll undoubtedly get a better price for your home down the line.
Withdrawing from the market – in my opinion, there is currently no real benefit to taking your home off the market right now, so stick with it, but review the situation frequently with your estate agent. We’re currently talking to our clients often to make sure they feel supported in whatever decision they make, and also to ensure they are ready for a potential influx of viewers when the situation returns to normal, and we can start conducting viewings again.