Sales Tips To Capitalise On Stamp Duty Holiday
If you are looking to capitalise on the stamp duty holiday by selling your home, we can help. While the deadline of March 31st 2021 seems a long away, delays can happen. Therefore, the sooner you start the sales process, the better; and at Harpers Estates, we are here to assist you.
We are pleased to say we have helped many vendors in Wendover, Buckinghamshire and Hertfordshire. One of the most important components of selling your home is arranging a property valuation, and we are more than happy to assist you with this process.
It is vital you call on an experienced professional who knows the local housing market to value your property. We are here to assist you enter the market in the most confident of manner, allowing you to benefit from the stamp duty holiday.
Key points of stamp duty holiday
The key points of the stamp duty holiday, implemented by the Chancellor of the Exchequer on 8th July, are:
· Stamp duty threshold is now £500,000
· This increase in stamp duty threshold is set to run until 31st March 2021
· The increase in stamp duty threshold takes place immediately
Naturally, most of the focus has fallen on buyers, and how they are helped by this measure. Of course, buyers and vendors are connected, and good news for buyers can be of benefit to vendors.
With homeowners feeling confident about the number of prospective buyers looking for property, more people will be inclined to place their house on the market. Equally, if a homeowner feels they can afford their next move, they will commit to the moving process.
An increase in willing buyers creates a platform for vendors to enter the market, increasing the supply of homes. In turn, this will hopefully encourage more buyers to enter the market, resulting in a cyclical process that boosts the market.
Mark Hayward is the Chief Executive of NAEA Propertymark and he said; “With housing market activity picking back up this summer after a two-month hiatus, it’s more important than ever to go the extra mile and take every possible measure to help your property stand out. If you are looking to sell your home this summer, turn to your local NAEA Propertymark estate agent to guide you in the right direction and help you ensure all new safety measures are complied with, to increase your chances of a speedy sale.”
NAEA Propertymark has also issued the following tips to help vendors connect with buyers when selling their home this summer and autumn:
· Ensure your home is up to date with safety features and measures
· Make the condition of your windows a priority when improving your home
· Spend some time in the garden creating a favourable and welcoming style
· Opt for a neutral décor, keeping decorations simple so as to provide prospective buyers with a blank slate
· If you have a pet at home, make sure all nasty pet odours are removed before welcoming likely buyers
· Make sure all DIY repair work is taken care of
We know this is a challenging time, and for many households, the thought of buying or selling property is far from their mind. However, we also know many people are keen to keep themselves entertained, and some people may have property market issues. If we can be of any use to you, please contact Harpers Estates, and we will be more than happy to assist you.
