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| Retford Property Blog |
“Life is a Game” is a quote attributed to Mother Teresa, but it could be easily applied to property.
And as with all games, there
are winners and losers. But here in the property market we have a genuine
opportunity to see a win win situation for buyers and sellers.
Timing always plays a part
in how successful you are, as does having a talented estate agent working on
your behalf to get you a winning result.
The announcement earlier
this month that Stamp Duty for properties under £500,000 is eliminated until 31
March 2021, means there’s now plenty of opportunity knocking on the doors of
homeowners in Retford
Buyers can save up to
£15,000 during this window.
Opportunity Knocks
Depending on what source you
look at, it takes on average (from a cold start) between 151 to 200 days to
sell a home.
This means the opportunity
clock is now ticking before that 31 March deadline.
The Stamp Duty holiday
means:
· Deals that were dead in the water over a difference in the value buyers and sellers were prepared to accept (especially between £15-30,000) are now potentially resurrected.
· Having more to put down as a deposit is opening more of the mortgage market to buyers.
· The decision by several lenders to reintroduce 90% Loan to Value mortgages helps more people get on the property ladder.
If you’re thinking of
selling, you’ll also benefit from the Stamp Duty removal if the next property
you’re buying is also under the £500,000 bracket.
But it’s not enough to put
your most valuable tax-free asset up for sale and hope the rising tide of a
buoyant market in Retford helps you achieve the premium price for
your property.
You also need to remember
the following four things, which I’ve related to classic game shows to help you
remember.
The Price is Right –
Overvaluing a property will mean it sticks, no matter what the market is doing
or if stamp duty has been put on hold. Pricing it correctly to sell at a
premium price is a skill only experienced agents possess.
Through the Keyhole –
When you are on the market, your property gets put under the microscope so prepare
it thoroughly so that viewers will feel like it’s a place they’d love to call
home.
Countdown –
Remember that date – 31 March 2021 – The sooner you start marketing your
property the better. The clock is ticking.
Bullseye –
When you choose an agent with an excellent track record and fair fees who
values your property correctly and can guide you on every aspect of the selling
process, you’ve hit the bullseye. And you won’t be left thinking about what you
could’ve ‘won.’
As The Good Estate Agent for
North Nottinghamshire I provide a full marketing campaign for each property and
keep working on the sales plan until a buyer is identified.
So, if you are interested to
know how I can help you make the most of this ‘Stamp Duty Holiday’ window of
opportunity, let’s talk.
Thanks for reading.
I’m always happy to help sellers,
buyers, landlords and tenants
Tel: 01777 237310 or messages
to 07981 744003
Follow me on Facebook
https://www.facebook.com/thegoodestateagentnorthnottinghamshire
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