As we are now aware, South Africa and the world are facing an unprecedented health emergency. As with the rest of the country, while the Seeff Property Group is in lockdown, it remains business un-usual for the group.
We have triggered our contingency plan to leverage our significant technical and digital capabilities to continue operating where we can, but there are aspects of the property sector which will be subjected to the challenges of the Covid-19 Lockdown.
What can be done digitally will continue, but there are aspects which will be delayed such as the Deeds Offices closing, delays in transfers and delays in occupation. That said, there is no need for sellers to cancel any mandates, expiring mandates should rather just be extended.
Our agents remain fully contactable on their mobile phones, email and other digital means and can provide whatever assistance you require, whether related to current property transactions or enquiries about property listings.
Buyers can use this time to start getting their plans in place in terms of properties that they wish to view. Once the lockdown is lifted, agents can then quickly respond to those needs. With technological advancement, it is easier than ever to remain in contact and to view and gain information about properties online from the safety of your home.
Under these unprecedented circumstances, we welcome the recent 100bps interest rate cut, not just as a stimulus for buyers who might still be sitting on the fence but also for homeowners. The rate cut along with the bank relief programmes will provide some relief over this challenging period for the economy.
While current circumstances are unprecedented, the country has experienced crises before, and the market will bounce back. In the meantime, buyers looking to take advantage of the current buyer's market conditions will find that there are more listings and willing sellers right now.
"Home is our story, so be sure to start your next chapter with us." - Samuel Seeff
|