These new measures could help you as a seller  These new measures could help you as a seller 

These new measures could help you as a seller 

Did you know that new regulations for the property industry will soon affect sellers?  The good news is that these upcoming changes will help you attract the attention of more informed (and therefore more serious) buyers.

No. 1007 from our magazine|2 min read| Published in Magazine on 1 April 2022 by our Marketing Team

  
But what are these changes, and when do they come into force? In a bid to promote openness and increase efficiency, the National Trading Standards Estate and Letting Agency Team will require all sales listings to include specific details to help potential buyers better assess if a home is right for them from the outset.   
From the end of May, the new rules will be implemented in three phases. The first set of required information will include material details such as council tax bands and rates, tenure conditions, and the asking price.  
The freehold or leasehold status will also be included in this bracket, covering lease length and ground rent, if applicable. Further down the line, sellers or their estate agents will have to specify any non-standard features, restrictive covenants, and information regarding flood risk and utilities. 
These new changes are very likely to help sellers attract committed buyers, thereby reducing the chance of a sale falling through later down the line. 
It also means that buyers will have more time to tackle any issues straight away, speeding up the journey to completion. 
 
If you’re thinking of selling, we can advise you on your next steps. Just contact us to discuss the upcoming changes and book a valuation.  

This article was originally published by BriefYourMarket and is reproduced here with their permission.

For more company news and insights from Pygott & Crone, click here

Members of the Relocation Agent Network

Part of a network of agents

We work with other trusted estate agents across the nation

Latest news

Help us make a difference to those in need this Christmas
Campaigns | 21 November 2022

Help us make a difference to those in need this Christmas

Donations for our local food banks are being gratefully received at your local Pygott & Crone branch

Is home staging worth it?
Magazine | 1 November 2022

Is home staging worth it?

Home staging is a specialised skill which involves creating the perfect atmosphere in your home using furniture and accessories, plants and lighting, to garner buyer interest for your property and sell it faster, for the best price.

Winterproof your home with these tips
Magazine | 1 November 2022

Winterproof your home with these tips

As autumn leaves us and dark evenings approach, now is the best time to start preparing your home for the cold months ahead.

One in three properties receive an offer one hour after viewing
Magazine | 1 November 2022

One in three properties receive an offer one hour after viewing

The housing market once again exceeds expectations after a poor reception from the chancellor’s mini-budget and regular talk of a possible slowdown, as current research suggests that in 2022, almost a third (31%) of properties are now receiving offers within an hour, compared to a mere 7% in 2018.

Chat live

Chat live with a member of staff

Please provide your name and email address to continue.

Cookies

We use some essential cookies to make our website work; and we use some other cookies to help us improve our website without identifying you. You can accept all cookies or change your settings below.

For an explanation of cookies and how we use them, see our cookie policy here (opens in new tab). Below you can choose to enable non-essential cookies.

These are anonymous and help us understand how our website is used.