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Buying and selling property during the Coronavirus pandemic

Despite the current restrictions during lockdown, there is still an opportunity for buying and selling property at this time.

Last updated 26.05.2020

Figures from the likes of Rightmove and Zoopla show that there has been activity since the lockdown was enforced and here at KFH we have continued to help customers looking to buy and sell. In this guide we demonstrate how buying and selling property during the coronavirus pandemic is still possible.

The official government guidelines around moving home state that people should consider a ‘flexible approach’, saying: “Given the situation in the UK with regard to the outbreak of coronavirus (COVID-19), we urge parties involved in home moving to adapt and be flexible to alter their usual processes.

“There is no need to pull out of transactions, but we all need to ensure we are following guidance to stay at home and away from others at all times, including the specific measures for those who are presenting symptoms, self-isolating or shielding. Prioritising the health of individuals and the public must be the priority.”

It is therefore the case that provided people are following these guidelines, especially around health and safety measures, then the process can continue.
Here are some ways in which buying and selling property can still continue. 

Online browsing

For buyers nothing has really changed with regards to the main way they look for properties - browsing online. Whether this via a property portal such as Rightmove or with an estate agent’s own website, you can still spend time searching for your perfect home.

We have seen good traffic to our property listings pages over the past few weeks, indicating that this activity is front and centre for many still.

Virtual viewings and valuations 

Keeping with the theme of technology being useful, we have launched a service to allow people to conduct online viewings of properties for sale (or rent) and also online valuations.

This means buyers can continue to “view” properties and sellers can secure a valuation, put their property on the market, and then also show off their property to potential buyers.

You can read more about this service in our guide to virtual viewings and valuations.

Get Prepping

With more time at home, now is the perfect time to get yourself prepared for selling your home.

For example you can collect together all of the information and documents needed for the process, including property title deeds and an EPC.

Also there are several forms you need to complete - such as the Property Information Form (TA6) - so use your time to get these filled in.

You can see all of the documents required to sell your home in our guide here, plus get links to download specific forms.

The other thing to do to prep your home for sale is to make it look more appealing. Whilst you can’t get trades people in to do larger jobs, there may be things you can tackle yourself, such as painting, tidying up and sorting that jungle of a garden.

We’ve collated together 8 ideas on how you can increase the appeal of your property.

Making an offer or receiving one

If you’ve either had your eye on a property or end up viewing it virtually and want to make an offer, then you can still go ahead and do that.

And the same goes for sellers who might receive an offer from an interested buyer.

There are no Government restrictions as far as this is concerned, however they suggest that the next steps in the process may take a little longer, plus people still have to maintain any social distancing requirements.

Our local experts are here to guide you through this process.

Exchanging contracts

If you have reached this stage or think that you might do shortly, your legal adviser will recommend the best route to progress the transaction.

Londonwide Conveyancing (LWC) is a panel of more than 20 independent law firms, recommended for their expertise in the London property market. The panel is coordinated by our dedicated support team, who will ensure you are placed with a solicitor who is best placed to support you through this process.

 

If you are looking to buy or sell or would like some advice on navigating the property market during this time, contact your local branch.

 

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