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ABODA FINE HOMES

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FINE HOMES

Welcome to my blog

 

Here you can read all my advice, tips and property market knowledge about buying and selling a high value home in the Wisbech Town & Village area

By Alex at Aboda, Mar 22 2020 11:33PM

Had many clients and local home sellers on the market right now asking me questions about selling during the Corona Virus outbreak


For those of you who asked about reducing marketing price, now is not the time.


From my conversations with buyers and sellers with agreed sales over the last 10 days, they all appear to continue to be committed to moving.


From my research this week, most estate agents, solicitors, mortgage brokers, mortgage underwriters, buildings insurance companies, and search providers all still appear to be able to provide partial or full service remotely in the event of self-isolation or lock-down.


But, in the event of a lock-down it remains unclear which particular physical service elements of the home sale and move processes here in the UK will remain viable and available – being the the buyers viewing, the sellers making their homes available to view, the estate agents able to show buyers/photograph/video a home, the surveyors able to survey a home, and the removals companies able to move people – and, ultimately, the banks/mortgage co's able to arrange transfer of funds for exchange and completion


I will continue to research and monitor this in the coming days/weeks and update accordingly


Price reductions currently are not the answer to selling your home quicker, nor will they likely be in the coming days/weeks/months until clarity on the corona virus pans out – and any post-lock-down market appears - while also monitoring the post-lock-down property market of other countries in the world, particularly China, Italy, Spain, etc.


Again, I will continue to research and monitor this, and update accordingly.


For those of you pondering the thought of seeking additional agents to market your home – I understand, but... this will unlikely yield any increased chance of you agreeing or completing your sale – after all, in addition to the above, multi listed homes generally take longer to sell, achieve a lower agreed sale price compared to marketing price, and have a higher rate of aborted sale than homes listed with a single agent due to rival agents simply pushing you to agree ANY sale to ANY buyer, rather than your trusted sole agent working to find the RIGHT buyer that WILL continue to buy your home and the BEST PRICE.


So, If you are sale agreed/sold stc, keep going.


If you are on the market and not yet sold, keep marketing and don't drop your price


If any lock down is enforced such as in China/Italy/Spain - only essential travel would be allowed - to buy food/medicine/hygiene supplies and fuel for your vehicle to do this - viewing a home you wish to buy, or a mortgage surveyor surveying the home you wish to buy, or the removal company you wish to help you move home, or you actually being able to move home, would unlikely be considered essential, unless maybe a key worker was involved in your chain that had to move for work


This is all speculation at the moment, but, if everyone cannot move home, then reducing your marketing price would not have any effect whatsoever on the speed or success of your home sale or move in the event of a lock-down like in China/Spain/Italy - if you can't sell and move, and buyers can't buy and move, reducing your marketing price will have no effect at all


If you consent to viewings on your home, you should check my previous posts about safe viewing practices and procedures that I introduced 10 days ago.


If you would like me to send them to you, please let me know.


However, you should immediately not consent or allow viewings on your home if you are in the 'at-risk' list - elderly, have underlying health problems (heart and lung conditions, high blood pressure, diabetes, undergoing cancer treatments, pregnant, or any immunodeficiency at all), presenting any symptoms of the virus in the last 16 days (high temperature, or new and prolonged dry cough), and if the latter, only allow viewings once everyone in the home is symptom-free for at least 7 days.


By Alex at Aboda, Mar 17 2020 12:39AM


Hi


I've investigated and researched currently available information and advice regarding the Novel Corona Virus (COVID-19) outbreak in a calm and considered way.


I see no reason why the process of you viewing your potential future home, or your successful home move, should be negatively impacted upon during this outbreak, providing our mutual adoption of easy, simple and minor, common-sense procedures we can all take.


So...no need to panic – you can still view homes safely with ABODA Fine Homes!


However, I am asking you to read the following information, and adhere to the following advice and procedures


My understanding of this latest Corona Virus (COVID-19) from information currently available via The World Health Organisation, UK Government, NHS, and initial studies on the virus (links available below), are as follows:


The disease can spread from person to person through small droplets from the nose or mouth which are spread when a person with COVID-19 coughs or exhales.

These droplets land on objects and surfaces around the person.

Other people then catch COVID-19 by touching these objects or surfaces, then touching their eyes, nose or mouth.

People can also catch COVID-19 if they breathe in droplets from a person with COVID-19 who coughs out or exhales droplets.

This is why it is important to stay more than 1-2 metres (3-6 feet) away from a person who is sick, avoid/minimise hand contact with other people, your own body parts (mouth, nose, face, eyes, ears, hair etc.) and home surfaces, and regularly washing your hands and cleaning surfaces in your home (door handles, light switches, work surfaces, taps, toilet flush mechanisms etc.)

Symptoms are usually mild and begin gradually

Most people (about 80%) recover from the disease without needing special treatment

Older people, and those with underlying medical problems like high blood pressure, heart problems, diabetes, undergoing cancer treatment, weaker immune systems are more likely to develop serious illness

On-set of symptoms for 99% of confirmed cases present within a 1-16 day period (hence my request to you/sellers to confirm no symptoms in the last 16 days etc. as listed below)

The propensity of transfer of infection once symptoms present appears to reduce after 7 days (according to UK government and therefore likely suggestion of self-isolation timescale of 7 days)

Main symptoms in order of prevalence and severity of infection are fever (Temperature 37.8 degrees or more), tiredness/fatigue, new persistent dry cough (not a mucus/phlegm cough), body aches, nasal congestion, runny nose, sore throat or diarrhoea

However, some people become infected but don’t develop any symptoms and don't feel unwell


So, as not all people infected will display common symptoms, in order to minimise any inherent risk to you, I am taking the comprehensive and robust stance that any home, any seller, any buyer and myself, at any time, may have the virus.


Hence why I am introducing these common sense, comprehensive and robust procedures


The risks these procedures will minimise are:

the risk of buyers viewing a home infecting a home's surfaces

the risk of me infecting a home's surfaces/buyers viewing a home

the risk of a home's surfaces infecting buyers that view a home

the risk of buyers/a home's surfaces infecting me

the risk of all of us spreading the disease further to our family, friends, the general population, and to those at most risk of developing serious illness


Procedures I've asked my sellers to take to protect you during the viewing:

Keeping a log of any visitors to their home, the date of their visit, and their contact details so they can contact any visitors at any time to check if they have any symptoms in the last 16 days, or been in contact with anyone that has symptoms in the last 16 days, and also let me know if they develop any symptoms or any visitors develop symptoms prior to you viewing their home

If at any time they feel they have symptoms, immediately self isolate, and let me know as soon as they have time, and anyone else that they have come into close contact with in the last 16 days.

Anyone visiting their home should immediately wash hands upon arrival, and regularly during their visit, and again when leaving.

Ensure their visitors minimise hand to mouth/nose/face/ear/eye/hair/body contact and minimise hand to surface contact on door handles, light switches, taps, toilet flush mechanisms and surfaces, and ensure to clean those surfaces again after they leave, and ensure minimising hand to hand contact with them and maintain 1-2 metre distance from them as per WHO guidelines mentioned above

Provide hand washing and drying facilities for myself and buyers at the nearest place to initial access to their home (soap, paper towels, and a disposal bin/bag – best place is the nearest water source to the entrance hall)

If they hold keys that they're giving to me on the day of the viewing, place them in a tub of hot soapy water and leave them out side of the home for me to pick up rather than handing them directly to me

Vacate the home before I and buyers arrive and until after the viewing and I and buyers have left have left

After the viewing, upon re-entering their home, wash their hands, clean all door handles, light switches, taps, toilet flush mechanisms, and work surfaces again


Procedures I will request BUYERS make:

At the point of requesting a viewing, I will ask if you have had any symptoms in the last 16 days, or been in close contact with anyone in the last 16 days with symptoms, and again on the day before the viewing, and again on the day of the viewing

If all ok, viewing goes ahead, if not, viewing delayed until you confirm symptom-free for a minimum of 7 days

You bring your own protection

You wash you hands upon arrival, adopt a 'hands in your pockets' / 'no-touch' and 'social distance' viewing policy during the viewing – Keep 1-2 metres away, no hand shakes, no touching doors/light switches/surfaces etc.

Use protective gloves if you feel the need to 'touch' anything

Request no children during initial viewing where possible

Wash hands prior to leaving

Immediately inform me if you develop symptoms prior to the viewing, or up to 16 days after the viewing


Procedures I will take:

I will be asking for confirmation from the buyers and sellers that no symptoms experienced within the last 16 days, or been in close contact with anyone that has experienced symptoms within the last 16 days.

I will again ask for this confirmation the day before the viewing (as part of my normal 'are you still coming to view?' checks), and again on the day of the viewing (again as part of my 'are you running on time?' checks)

And as the prevalence of symptoms continues within the population as it is predicted to do, I will be checking sellers and buyers have had zero symptoms in the last 7 days before allowing viewings

I will ensure that I wash my hands upon arrival for a viewing, and again before leaving, ensure buyers do the same, and request buyers do not touch any door handles, light switches, taps, toilet flush mechanisms, and surfaces in a home, and monitor this as best as possible during the viewing

If I ever feel any symptoms related to COVID-19, I will inform you, and anyone I have been in contact with in the last 16 days

I will still be able to offer viewings to potential buyers for my clients homes If I do have to self-isolate via various means and methods


I will still ensure if you have an agreed sale moving towards exchange and completion that I remain available, and will also be enquiring of your solicitors, what procedures they have in place to ensure a smooth and successful exchange and completion of your home sale and move


Please do let me know that you have read all the above


Please also do not panic – the above is, I appreciate, a long and lengthy tome of an post, but merely encompasses a very thorough, yet simple and easy to incorporate list of measures to ensure your own safety during a viewing and your successful home move, and, well, me, your diligent estate agent too!


So, please let me know that you have read this, take heed, stay safe – and I'll keep looking after your home search and sale for you!


Thanks


Alex Doggett - Owner

ABODA Fine Homes

03333 440733

www.abodahomes.com

https://www.who.int/news-room/q-a-detail/q-a-coronaviruses

https://annals.org/aim/fullarticle/2762808/incubation-period-coronavirus-disease-2019-covid-19-from-publicly-reported

https://www.nhs.uk/conditions/coronavirus-covid-19

https://www.gov.uk/government/topical-events/coronavirus-covid-19-uk-government-response



By Alex at Aboda, Mar 5 2020 11:12AM

At ABODA Fine Homes we look at every possible way of ensuring that every home we are marketing has the best possible chance of being sold for the highest price in the shortest amount of time.


I read a lot of estate agency and property industry magazines and websites to stay on the ball and hear about new ideas and ways of marketing people’s homes.


An article which caught my eye last week was from America. It said how estate agents (or realtors as they’re known across the pond) were calling in Feng Shui experts in a bid to make homes sell quickly and for the best price.


For those of you who are unaware Feng Shui is an ancient Chinese philosophy based around positioning objects and buildings to maximise a positive flow of energy and, many believe, to create good luck. Feng Shui has been around for 5,000 years, so it’s nothing new. You might think it’s all a bit New Age but some Feng Shui principles are actually just common sense.


Read these five ways Feng Shui can help sell your home and decide for yourself:


1) Arrange your living room so that people who walk in aren’t met with the backs of furniture. i.e. sofas.


2) Keep a lid on it. Yes I’m talking about your loo. Feng Shui experts believe that water is linked to money and the toilet is one place that water (money) ‘escapes’. Even if you don’t buy this theory, keep your lid closed anyway. It just looks better.


3) Place thriving plants or flowers in the corners of rooms. This gives the property energy and life according to Feng Shui.


4) Less is more. Feng Shui experts share estate agents’ beliefs when it comes to clutter. Their view is get rid of it to create a good flow of energy in every room.


5) Let go. This is an interesting one and I’ve seen this before. Sometimes people subconsciously don’t want their homes to sell for whatever reason. In this situation they advise sitting down and thinking about why you want or need to sell and why it’s for the best.


So what do you think? Is FS full of BS? Or can it really change people’s lives and make homes more saleable?


If you would like to more about selling your home, or what’s happening in our local property market, feel free to get in touch – I’m always happy to help!


Alex Doggett – ABODA Fine Homes - Owner



By Alex at Aboda, Feb 21 2020 10:17AM

It’s not just the likes of Gordon Ramsay, Nigella Lawson and Jamie Oliver who love spending time in the kitchen.


During the (many) years I’ve been an estate agent I’ve seen plenty of prospective buyers fall head over heels with a home after laying eyes on a well-designed, stylish kitchen.


If a kitchen has the wow factor buyers often develop the ‘we want it now factor’.


Think about it though for a minute. We spend a lot of time in our kitchens, especially if it is spacious enough to include a breakfast /dining area.


It’s often where we start the day, where families socialise and of course it’s a great spot to hang out at a party. It’s been said that life is often created in bedrooms but lived out in kitchens.


We’re often asked by vendors what’s the most important room from a buyer’s perspective. In my experience I’d have to say it’s usually the kitchen.


If you are going to spend money getting your home ready to market think carefully about how your kitchen looks, feels and if it needs upgrading.


Whatever property questions you might have please don’t hesitate to ask for our expert and always honest opinion.


Alex Doggett – ABODA Fine Homes - Owner







By Alex at Aboda, Feb 10 2020 04:15PM

Take a look at our latest Property Market Report, focusing on our local area and nationally too. With 30% house price growth locally and 67,421 mortgage approvals throughout the UK in December - these were at their highest monthly level since July 2017 and up 4.6% on a year ago according to the Bank of England. It is anticipated momentum will continue into the spring with sales volumes anticipated to rise, so if you're thinking of putting your home on the market - get in touch!


Property prices are rising at their strongest level in a year according to the latest UK House Price Index. At £235,298 the average price of a property in November is 2.2% more expensive than a year ago, the highest rate of annual growth since November 2018.


At 76.3% the UK employment rate was at a record high in the three months to November, while wage growth continues to outpace rises in the cost of living. Adjusting for inflation, wages were 1.6% higher than a year ago (including bonuses) and 1.8% higher (excluding bonuses).


Just 9,000 fewer sales took place during 2019 compared to 2018 according to the HMRC. Provisional estimates show 1.18 million property sales took place in 2019. Sales volumes for December are estimated to be significantly higher than a year ago, but it is likely these will be revised downwards.


The rate of annual rental growth across the UK remained unchanged in December at 1.4% (ONS). A shortage of supply and continued demand continues to underpin prices. Hometrack report a 4% reduction in rental supply across the UK since 2017, while demand has increased 8% over 2019.


If you would like to discuss our local property markets in more detail - please feel free to get in touch - we are always happy to help!


Thanks

Alex Doggett - Owner - ABODA Fine Homes


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