Newberry Tully Estate Agents

Opportunity is knocking for homeowners in Seaford

In this month’s article, we discover why the opportunity clocks are ticking for people in Seaford wanting to make the most of the Stamp Duty holiday.

‘Life is a Game’ is a quote attributed to Mother Teresa, but it could be easily applied to property. And as with all games, there are winners and losers when it comes to selling a home.

With the announcement that Stamp Duty Land Tax (SDLT) for properties under £500,000 is eliminated until 31st March 2021, there’s now plenty of opportunity knocking on the doors of homeowners in Seaford.

Depending on what source you look at, it takes on average (from a cold start) between 176 to 200 days to sell a home. This means the opportunity clock is now ticking if you want to get moved before the March deadline and save thousands.

The Stamp Duty holiday means: • Deals that were dead in the water over a difference in value (especially between £15,000 –£30,000) are now potentially resurrected.

Having more to put down as a deposit is opening more of the mortgage market to buyers.

Stephen Newberry Andrew Tully

If you’re thinking of selling, you’ll also benefit from the Stamp Duty removal if the place you’re moving on to is under the £500,000 bracket.

Plus, if the property you are moving to is over the threshold, you’ll still save money because you won’t pay SDLT on the first £500,000.

Now is probably the best time to sell your home during the past four years.

So, if you are interested to know how we’d help you make the most of the Stamp Duty stampede, we’d love to have a chat with you.

Thanks for reading.

Andrew and Stephen

PS: Find out how much your home is worth with a free, no-obligation valuation. Call us now on the number below.

Newberry Tully Estate Agents 53 Church Street, Seaford (opposite Seaford Health Store) Tel: 01323 490001 www.newberrytully.co.uk