My top 5 hints and tips to property hunting during lockdown.
It’s fair to say that this year has been a bit hit and miss and as we are drawing a close on a very strange 2020 as well as becoming accustomed to lockdown 2.0,I thought I would offer you some ideas, tips and hints on ways you can take advantage of the ever-thriving investment property market.
As a property sourcer I have seen lots of investment opportunity out there in the market for potential ‘new’ and ‘well-seasoned’ investors who want to make the most out of their property portfolios or for those who are starting to create their property empire.
We have a wealth of technology at our fingertips that will give you a distinct advantage in finding property over those who decide to wait and ride out the pandemic.
However, many savvy investors will want to make the most of the stamp duty holiday and naturally I want to help you by offering suitable tools and advice to get your property investment journey rolling.
What you should be doing and tools using:
1. Google maps:
We literally have the world at our fingertips, with the press of a button you have the ability to find your property location and also observe the house through street view, exploring the street and local area fully. Google maps is a free tool that is a wealth of information providing information from commute times, to nearby local supermarkets, primary and secondary schools in the area. The app or desktop version is also great to use if you are checking out a new area.
2. Compare property prices with other similar properties:
Property sites such as Rightmove and Zoopla allow you to look up sold property prices for houses on the street or area you are looking at as well as an insight into the sales history of the house you are looking at. It will provide you with the knowledge of whether there has been an influx or decrease in its value.
3. Speak to the property agent:
Where there is a property for sale, there is always an agent ready to handle your calls and questions. Never be frightened to pick their brain about the history of the property this is their area of expertise and they should be well versed on all things happening in the market for the area they handle, as well as the government guidelines sellers and buyers should be adhering to during the Coronavirus pandemic.
4. Virtual Viewings:
Virtual viewing? I hear you ask, ‘What’s one of those?’
A virtual viewing will allow potential buyers or tenants looks around your home without them physically being there. Innovative and state of the art technology allows a viewer and agent look around a property as though they were there in person, it has been incredibly popular during the coronavirus national lockdown.
'According to Zoopla nearly 8% of listings on their site include a virtual tour as estates agents use technology to continue to showcase their clients’ properties.'
5. Browse the property brochure:
Any good agent will have developed a beautiful and content full marketing brochure of the property you have expressed an interest in. Inside you will see professional and beautiful images of the property and grounds that will give you a good insight into your potential purchase. A well put together brochure will contain detailed floor plans with measurements that will help the buyer visualise the property in more depth. The aim of the brochure is to encourage the sale of a lifestyle.
The housing market in England is to remain open during the period of national restrictions as stated on the Government website which in turn means that letting and estate agents, removers, valuers and show homes will remain open and continue to work. However, all parties will have to remain vigilant to reducing transmission of the virus and follow the guidelines set in place from the government guidance.
To learn more please visit: https://www.gov.uk/guidance/government-advice-on-home-moving-during-the-coronavirus-covid-19-outbreak
Discover more about what I do and how I can help you with property investments, book a complimentary call with me.
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