Traditional Agents In Demand In New-Look Housing Market
19th June 2020
19th June 2020
While there has been debate as to whether the housing market re-opened too early, or whether it should have been closed at all, it is clear a lot of people were keen to move. There are many reasons why people need to move home, and a change in personal or working circumstances are at the top of the list.
Therefore, it shouldn’t be a surprise to see so many people engaging the market as soon as the Government provided backing to do so. Of course, there will be many households who are happy to wait until there is further clarity in the market.
No matter whether you plan to move soon, or further down the line, there is a lot to be said for calling on a traditional estate agent. There have been many peaks and troughs in the market. It is fair to say COVID-19 presents an unprecedented challenge, but there have been many barriers and obstacles to overcome in the housing market.
Traditional agents have shown themselves to be adaptable, taking on challenges and working in an effective manner. The emergence of the internet, online communication and social networking have all been issues where agents have faced challenges, but have improved their service to incorporate these new working practices.
The same is likely to occur for video views, virtual tours and conference calls with clients. These are challenging times, but calling on an experienced agent with a track record in the industry suggests you will call on an agent who can be relied on during tough times.
The CEO of The Guild of Property Professionals, Ian MacKenzie, spoke about the importance of working with a traditional agent. You need to feel confident about the moving process, and a skilled agent will help you determine what is best for you.
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.”
There is also a lot to be said for calling on agent who has expertise and experience in the local market. When you call on an agent who is familiar with demand and supply in your area, you have a heads-start on the market. Knowing who is most likely to buy, and what they want to see in a home helps you promote and present your property in an effective manner.
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.”
There is a lot of evidence which suggests there was pent-up demand in the housing market at the time it re-opened. Not only did Rightmove and Zoopla release figures indicating healthy activity on their sites, Yomdel Property Sentiment Tracker released the following information:
· 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%
We know a lot of people are looking for guidance and assistance right now. If we can be of any assistance, we will. Therefore, if you have any housing market questions, please contact Merrys today, and we will be happy to help.