Stamp Duty Deadline – have you missed the boat?

News at Cameron King | 26/09/2020

The stamp duty deadline requires you to sell before 31 March 2021 – and for those that are wanting to take advantage of this, you may think you have plenty of time.  But when you take into account the average time to complete on a property once an offer has been accepted is 12 weeks, suddenly, the March deadline does not seem too far away.  And that figure doesn’t take into account the time taken to market your property, hold viewings – as well as finding your own future home. The good news is there is still time to take advantage of the holiday, and the even better news is that there are things you can do to get ahead, giving you that extra bit of wriggle room – just in case.

When should you market your property?

Realistically, the time is now, and there is no time like the present.  Leaving it any longer is going to put you under a lot of pressure and you could end up losing out. Book your valuation now and the team will advise you on timescales, realistic pricing and the best marketing package to make your property stand out from the competition – in essence give your home the attention it deserves.   

What can you do to get ahead?

The best thing you can do to is speak to one of our experts about what you need to get your property ‘sale ready’ – even before you receive your first offer.  The documents you will need to make available are:

  • Your completed property questionnaire detailing everything about your property including title information, insurances, service charges & ground rent (if applicable), building alterations and much more.
  • A valid Energy Performance Certificate (EPC)
  • A copy of the lease and details of the freeholder and/or management company (if the property is leasehold) 
  • FENSA certificates for replacement windows
  • Relevant building restrictions
  • Building regulation certificate when alterations have taken place
  • A Gas Safety certificate for a new boiler and/or service history
  • Consider organising a fixed wiring check on the electrics.  Whilst not a legal requirement, new lettings regulation require these to be carried out and so it is good to be prepared.

Having all these documents ready is proven to shave time off your property sale, which in the run up to the 31 March, could save you a substantial amount of money.

To get ahead and to book your valuation with our expert team call..