When the housing market re-opened in mid-May, there was a lot of opinions about the decision. For the people whose property move had been postponed, the re-opening of the market was a welcome decision. Also, for some households, the lockdown might have brought about a change in circumstances, resulting in a need to move home.
There was a significant level of demand for house moves when the market re-opened. Both Rightmove and Zoopla announced positive figures for demand on them opening day of the market. The following Yomdel Property Sentiment Tracker information is of interest:
New vendor enquiries rose by 67.13%
New buyer enquiries rose by 63.24%
New landlord enquiries rose by 41.9%
New tenants increased by 28.27%
It stands to reason some people are keen to move soon, and that there will be people keen to move home when they feel more confident about what the market has to offer. No matter your position, if you need guidance about the housing market or your next move, it makes sense to call on a skilled and experienced estate agent.
Established agents have adapted to many market changes
While COVID-19 has had an unprecedented impact on the housing market, there have been many peaks and troughs in the property sector. Traditional agents have been through many ups and downs. A skilled agent will have been through many challenges, making them the ideal candidate to help you make an informed decision right now.
The CEO of The Guild of Property Professionals, Ian MacKenzie, has talked about why people should call on the services of a traditional agent.
MacKenzie said; “With the online sector of the market under immense pressure, now is the time that truly local, dedicated property professionals can shine. As the property market begins to move again and communities re-establish themselves, neighbourhood agents who are a part of their communities will be an intrinsic part of rebuilding the local economy and getting those regions back on their feet.”
Are you looking for an established local agent?
It is also vital to consider the importance of local knowledge in the housing market. If you plan on selling your home, you should call on the services of an agent who knows what the supply and demand for property in your area is like. A traditional agent will also know who the most likely buyers are, and what they are looking for.
There is also a suggestion that people are keen to work with local businesses and firms. A YouGov study suggests two-thirds of respondents are keen to hire local professionals. In the housing market, working with a local agent makes sense, so this will be an ideal opportunity for people to hire the services of a skilled local professional.
Iain MacKenzie also said; “Now more than ever, consumers will want to work with a local expert who they trust and who can guide them safely through the process of selling and buying a property during these unusual times. Although the property market is open for business, ‘business’ doesn’t look the way it used to, and consumers will need an agent’s help to navigate the new normal.”
If you have any questions about the housing market, or you need assistance, please contact David Harris & Co today.
