How To Reduce The Time It Takes To Move House During the Coronavirus Pandemic
How a ground-breaking industry pledge can help support home movers to achieve a successful purchase and sale in 2020 and 2021
When moving home, property professionals know you can only move as fast as the slowest person in the chain of transactions. We also know the faster you can purchase or sell a home, the more likely your sale or purchase will go through.
If there was ever a time to do everything you can to make sure your move goes through it’s now. Pre-Covid, moving home on average took around 20 weeks – that’s five months – and, perhaps even more worryingly, even after an offer has been agreed, 34% of purchases and sales failed. Covid-19 brings extra risks and delays for home movers – and industry professionals. Getting legally prepared and putting everything you can in place as fast as possible can help reduce the risk of Covid-19 affecting your move.
The Home Buying and Selling Group has been working hard to agree a more streamlined home moving process across the industry so that each step of the process can be carried out as quickly and smoothly as possible. Many have signed a pledge to make the process more transparent for all but for this to work, we also need home movers to support this initiative.
The potential upside to the whole home moving process is huge. Just a few changes to the way home movers buy and sell their home could reduce both the stress on you and the current pressure on industry resources. In addition, it means the chances of you being able to take advantage of the Government’s Stamp Duty Land Tax holiday by the deadline of 31st March 2021 increase.
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The basic mortgage valuation is only to establish if the property is acceptable for a lender within that lender's specific criteria. It does not necessarily comment regarding all the defects which may be present. Our survey will report upon the general and overall condition of the property. Repair costs/maintenance can be substantial and potentially costly. The cost of your Survey can often be recovered through renegotiation, using our report.
We normally find the majority of our clients are the intended purchaser of a property. This post outlines our typical experience when someone hires us to carry out a property survey for them.
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