News update on the current situation from Manningford Croft
17 Apr 2020
Firstly I hope that you are keeping well and safe in these rather extraordinary times. The property world has been through turbulent times before, what with recessions, Brexit and unforseen elections, but has always bounced back and adjusted to the new economic landscape it finds itself in.
As we near the end of our third week of lockdown, following the directive of the Government for estate agents to close their offices and not to carry out viewings, we are still very much here and working from home.
Yesterday we had an update from the property press indicating that estate agent offices will be one of the first business able to reopen, we obviously hope this is the case.
As you can imagine, the general level of enquiries has dropped as people have put their plans on hold, though we have had a good number of people contact us for brochures and further details, to enable them to re engage once the lockdown loosens a little and we can get back to operating again (I imagine under new Government guidelines).
We have actually managed to agree a couple of sales and have received an offer on a property only yesterday, from a party who had seen the property before the lockdown, so there is still a underlying wish for people to move in spite of the current circumstances.
Our lettings department has continued to continue to operate, servicing all our managed properties as well as agreeing a number of lets for key workers which has been hugely satisfying.
We have had a number of exchanges and completions within this current period, where lawyers felt that there was a commitment to move that couldn’t be delayed, though these have understandably been fairly rare occurrences and occurred mainly in the first week of lockdown. Most currently agreed transactions have gone on hold, as has been the general Government advice/recommendation given to solicitors, some legal work is still able to be carried out but surveys, mortgage valuations and searches are all currently unable to be carried out.
During this time we have been looking at ways to keep the levels of interest up for our vendors and have started to produce “virtual tours” on Rightmove.co.uk and Onthemarket.com with a professional marketing firm for potential viewers to engage with, plus have kept up activity on our Facebook and Instagram pages which have been very well received.
A couple of examples of which are below:
We continue to work for you under the current restrictions and but look forward to being able to resume to some sort of normality soon. As ever, we are so very lucky to operate in a beautiful part of the country and I have a feeling that there may well be a draw for buyers looking to escape from more urban areas.
Stay safe and well.
With very best wishes
All the team at Manningford Croft