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30Apr

Williams & Goodwin The Property People now offers a virtual valuation service 

 

Despite the COVID-19 pandemic, the housing market is still moving; homeowners are still considering selling, and buyers are still searching for their perfect home. However, with the subsequent lockdown measures in place the property selling and buying process has had to adapt and become virtual. 

 

Melfyn Williams of WGTPP says that a new virtual valuation service was needed to continue providing sellers with an opinion on marketing prices without having to physically visit the property.  As a Member of The Guild of Property Professionals, we now have access to a virtual valuation service, an interactive platform that enables us to carry out a professional appraisals remotely. 

 

“During the lockdown good estate and lettings agents are evolving and coming up with innovative ways to ensure we can meet the needs of home movers in our area and allow the process to move forward in a way that protects all parties,” 

 

How does the virtual valuation service differ from other online valuation tools? 

 

The service allows someone thinking of selling or letting to carry out a meeting remotely to discuss the property and possible asking prices. 

 

“Unlike instant automated valuation tools, (which is also available on tppuk.com); the virtual valuation platform allows the team at Williams & Goodwin to collect as much information as possible from sellers to give a professional opinion of the property potential asking price range. In the virtual face-to-face meeting, Williams & Goodwin can discuss the services they provide, answer any questions clients have and will be able to give them a realistic price for the property, whether that is for sale or for let,” explains Melfyn Williams.

 

According to Tim Goodwin of WGTPP using the platform is simple. All a homeowner or landlord needs to do is complete a questionnaire and upload a short video and/or some photos of their property, as well as choose the best date and time for them to take a video call. 

 

 

 

“Based on the video, photos and information provided, we will be able to fully research the property and then conduct the face-to-face virtual meeting where we will be able to provide a realistic sales or rental price for the property. All at a time that is convenient for the homeowner or landlord. Following the meeting, we will send a detailed report on the property providing pricing expectations, much like any other valuation process,” he notes. “If the client decides they would like to go ahead, we are then able to start the process of marketing the property and conducting virtual viewings through our Virtual Viewing Tool.” 

 

Williams & Goodwin The Property Poeple have all the necessary tools and services in place to be able to go through the entire process remotely and find either a buyer or tenant for a property without there ever being any physical meetings.  

 

“No-one knows what the future holds or how people will interact with each other once restrictions are lifted. Potentially virtual valuations and viewings will continue to be a part of the ‘new normal’. If that is the case, we are ready to ensure that we can meet those needs and continue providing an excellent service to our customers; they are in safe hands with us,” Tim Goodwin concludes.

  

-ENDS-

Editors’ Notes

Williams & Goodwin The Property People have been selected as the local members for Anglesey & Gwynedd of The Guild of Property Professionals (The Guild) 

The Guild is a network of 800 of the best independent estate agents from across the UK. The Guild is a sign of professional excellence that agents can use to differentiate themselves from their competitors and assure clients that they will act with knowledge and integrity to achieve results, the three core values of The Guild. To allow agents to perform a superior service, The Guild offers marketing, business and technology services to its members.

23Apr

“WE’RE COMING BACK AND WE NEED TO MOVE!”
 
According to new data published by a property web site live-chat provider, consumers making contact with agents via websites are sending an overwhelming message from deep within the coronavirus lockdown, saying:  “We’re coming back and we need to move”.
 
For the week ending 19 April, the Property Sentiment Tracker (YPST), which one of the property industry publications first carried last week, shows new enquiries were up strongly across the board from vendors, landlords, buyers and tenants, signalling that pressure from pent up demand for home moving services was pushing against restrictions from the four-week-old government-imposed coronavirus lockdown.
 
With agency offices closed to the public, people unable to physically view properties, agents unable to visit to offer valuations, and removal companies barred from working, agents needed to look at alternative ways to engage with customers.
 
And it is the digital tools enabling virtual viewings, video conferencing or live chat on websites that, according to Yomdel, have boomed, “There’s no doubt that people are embracing technology and are now thinking ahead. They’re wondering when they can move, they want to start planning, but they have loads of questions and feel quite uncertain about things” said Andy Soloman, the company’s founder & CEO.
 
New vendor enquiries continued their fourth consecutive week of growth, jumping 32.2%, but still significantly down on the pre-COVID-19 average, and their high this year of in mid- January.
 
Buyer enquiry recovery is even more encouraging, rising 24%, although still a long way off the 2020 high reached on 26 January.
 
Landlord enquiries finally showed signs of stirring, gaining 37.9% but still way below this year’s high hit on 12 January.
For tenants, it’s a story of soaring demand, as tenancies come to an end and some tenants wish to downsize due to concerns over their ability to pay the rent. Enquiry levels rose another 14.5%, and are now at their highest level since 8 September last year.
 
The message is unequivocal, now is not the time to keep your head down and wait for the crisis to pass. Customers are there and the best estate agents, will be looking for ways to help people, build trust and relationships so that as restrictions ease they’ll be in prime position.
 
“Weirdly, this crisis is emerging as a huge opportunity to review all working practices, learn from this challenging situation, plan for the future and seek ways to embrace digital to emerge stronger and fully aligned with changed customer demands,” Said Mr Soloman.
 
So, as you hopefully know, the team at Williams & Goodwin The Property People Ltd are open remotely and can be contacted by phone or email. We’d love to help you plan your move ready, when its safe to do so.
 
It’s just a matter of time...... #StaySafe
 
All Wales Auction
The Guild of Property Professionals
NAEA Propertymark
ARLA Propertymark
 
Photo by kind permission of Ffotograffiaeth Dafydd Coates Photography
 
#moving #property #people #housebuying #Selling #estateagents #Anglesey & #Gwynedd #ProudGuildMembers

07Apr

What a difference a month can make!
 
Our March Market Comment was very positive and full of the joys of spring. Indeed, the Halifax subsequently reported that house prices were 2.1% higher at the end of March than they had been at the end of December 2019. The “Boris Bounce” was very much in evidence, but who’d have thought that Boris would now be fighting for his life in intensive care, along with thousands of others, due to the pandemic. We wish everyone affected a speedy and full recovery.
 
As for the property market, this has, for the time being, due to government recommendations, been put on hold. The government has strongly discouraged moving and mortgage lenders are tightening their belts too. It would be natural to see, due to the lockdown, in the next three months, an expectation of a fall of at least 60% - 70% in the number of housing transactions. However, those buyers and sellers already in a “sale agreed” status should be ready willing and able to continue and be ahead of the field when restrictions start to be lifted.
 
The moving-related knock-on effects of the lockdown are widespread: estate agents can’t physically appraise (although at WGTPP we do offer an online tool and telephone/desktop appraisal service for the interim period), Domestic Energy Inspectors can’t inspect, valuers can’t value, surveyors can’t survey, so most buyers can’t buy. Even if they could, banks’ ability to process mortgage applications with reduced staffing levels is significantly reduced and underwriters’ attitude to risk is becoming more cautious daily.
 
As soon as we are back to some semblance of normality, subject to any damage done to the economy at large, the indications are that it will be “business as usual”.
 
Interest rates are likely to remain extremely low and any inflationary pressures caused by massive government borrowing could even be good for the property market as investors flock to bricks and mortar.
 
However, investors dependent on short-term/holiday lets are likely to be cautious due to travel reluctance and ongoing movement restrictions. This could be a good thing as it could release a significant number of rental properties back onto the permanent housing market, partially easing what has become known as the housing crisis.
 
Certainly, Britain has proven throughout history to be a supremely resilient nation. Forecasts suggest that we are about to enter a time of huge macro-economic growth and only time will tell whether the virus will be seen simply as a micro-economic blip in an otherwise healthy post-Brexit economy.
 
During this time we are very much open for business – if only for an advisory chat on the phone or via email contact. Please feel free to call us on
Bangor 01248355333
Llangefni 01248 751000
Holyhead 01407760500
Caernarfon 01286677775 or
Property Management / Lettings 01248753939
 
We’d be happy to share the local market update with you and or discuss the local property market to get you ready to move when the time is right.
 
For more, visit our online office www.tppuk.com

02Apr

The onus on landlords to provide energy efficient accommodation has once again stepped up a gear, now that part three of the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 has come fully into effect. 

It is now (since 1st April 2020) illegal for landlords to continue to let a property, or grant a new tenancy (including an extension or renewal), where the Energy Performance Certificate (EPC) is below band E - the minimum level of energy efficiency for private rented properties.

This regulation has applied since April 2018 but until now has not applied to existing tenancies. 

Implementation is of course another matter during these difficult times. Indeed, the Scottish government has already decided to postpone implementation for the time being. This is not necessarily a relaxation of intention to police the regulation, but more a requirement to redirect resources and support for vulnerable people during the Covid-19 crisis.  

However, at this time there is no suggestion that the regulation will be relaxed outside Scotland and landlords are strongly advised that if they have not already taken steps to comply (notice having first been issued in 2014) then they should do so as a matter of urgency. 

Of course, during lockdown, access to property can be an issue, and it is yet to be seen how local enforcement agencies will respond. Fortunately, for the majority of our landlords, this is a non-issue as their standards are, in most case, higher than the minimum EPC requirement in any event! We seem to attract the good guys! 

We make it our business to keep fully abreast of the increasingly complex field of PRS regulation, so if you’d like any help or advice about your legal obligations as a landlord, then please don’t hesitate to contact us on 01248 724040. It would be our pleasure to assist.

16Mar

SALES SURGE PUSHES NEW-TO-MARKET PRICES TO RECORD HIGH

Latest report our from Rightmove today suggests the market is moving.

At Williams & Goodwin we concur that February was a good month of property sales being agreed, which has continued into March. Here is a summary of the report and link to full report:

• Average new seller asking prices hit record high of £312,625, pushing annual price growth to 3.5%
• Record prices fuelled by strong buyer demand and lack of supply compared to the same period a year ago:
• Number of sales agreed up by 17.8%, to the highest at this time of year since 2016
• Properties selling an average of 6% faster nationally, and 18% more quickly in London
• Disparity between supply and demand as new seller numbers rise by just 1.2%
• Rightmove recorded five busiest days ever in February
• Hard to predict how post-election boost will be affected by unknown impact of coronavirus

Who We Are

Williams & Goodwin The Property People are members of the Guild of Property Professionals, National Association of Estate Agents, Association of Residential Lettings Agents, National Association of Valuers and Auctioneers and are Chartered Valuation Surveyors we are members of a National Network of approximately 800 independently owned and operated Estate Agents.

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Llangefni - 01248 751 000
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