Letting your property in the first quarter of 2021
During these unprecedented times it’s more important then ever to have confidence in your letting agent, especially if your property is to become empty in the first quarter of 2021
Letting your property in the first quarter of 2021
New year, new lockdown! Unlike the lockdown in March last year the property market can remain open meaning that Estate and Letting agents can continue to work.
During these unprecedented times it’s more important then ever to have confidence in your letting agent, especially if your property will become available in the first quarter of 2021. With the speed of the vaccine roll out picking up it’s hopeful that come the summer we may be heading back towards a more ‘normal’ world, but until then there’s a lot to consider.
Viewings – Safety is of course paramount and it’s vital that government guidelines are adhered to in order to help combat the virus whilst also working to ensure landlords and tenants needs are met. Virtual viewings should be encouraged initially, if a property is still of interest to a tenant then a physical viewing can be arranged. If the property is empty then a viewing can be straight forward, however only 2 households are allowed inside the property at any one time and face coverings must be worn. If the property is currently tenanted, then it is recommended the tenant vacate for the duration of the viewing or agree to show the tenant directly and without the agent inside the property at the same time. Social distancing should be observed, and face coverings worn. Full details can be found at https://www.gov.uk/guidance/government-advice-on-home-moving-during-the-coronavirus-covid-19-outbreak
Regular communication – The rental market changed massively after the lockdown in March and it was imperative that landlords were kept up to date with regular feedback concerning viewing levels as well as feedback from viewers. An increase in stock levels and a decrease in tenants meant that rents naturally declined last year, and it is crucial that as a landlord you are kept up to date with trends and market changes in order for you to make informed decisions. Without updates and a proactive approach your property is in danger of going stale. Agents and landlords reacting to changes in the market will find they secure tenants much faster than those who don’t!
As an independent agent with directors working in branch, we know how important it is to provide clients with regular updates, we have a vested interest in ensuring we secure the best quality tenants and at the best possible rent > https://www.lloydsres.com/about-us
Marketing - With tenant enquiries expected to remain below average over the next couple of months it is important that your property reaches as many people as possible. Good marketing is vital to ensure that your property’s window of opportunity is not missed, which is why we advertise on all the major property portals (Rightmove, Zoopla, On the market, Prime location), and are signed up with emerging portals. We believe that your property deserves to be marketed as widely as possible.
Forward thinking and a proactive approach will continue to be key over the coming months.
If you're thinking about letting your property and are looking for advice or assistance then we'd love to hear from you.
You can enter your details here > https://www.lloydsres.com/valuation and one of the team will get back to you.