Christmas is almost upon us with only 3/4 weeks to go until, for most, the festivities and over indulgence begins. Those thinking of selling their home will now put this firmly to the back of their minds and will be replaced with thoughts of presents, sleeping in front of the TV and Strictly Come Dancing Christmas Special.
However, this may be the perfect time to consider selling and preparing the house to hit the market after the party season has finished. Traditionally the months of January and February see less properties arrive for sale but is an excellent time to sell as the majority of house sellers will normally wait until Spring to sell. What does this mean for you if you decide to sell sooner?
- Less houses for sale increases your chance of a quicker successful sale and hopefully more than the Home Report value. Giving you peace of mind.
- You will be in a strong position to purchase a property a little later with more choice available.
- More buyers will be inclined to take your offer as you have been pro-active and are less of a risk than a buyer who has yet to sell.
- As you will have more choice, due to the increase in properties for sale, you will be less inclined to make a panic purchase then going through the process again in six months’ time.
If you have decided that you are not going to extend, renew the kitchen or replace the bathroom, but instead sell your home in the New Year, I would urge you to book a free valuation now to prepare for the beginning of 2018 staying ahead of your competitors and make appropriate plans to ensure your house stands out against what little competition you will have.
At Blackadders we offer professional photography, quality brochures with floor-plans, buyers’ bank, social media (Twitter & Facebook), extended opening hours and website portals that suit your individual needs, all as standard.
Enjoy the festive period but don’t let the hangover last until Spring. Be two steps ahead.
Neil Fyall – Estate Agency
Senior Property Branch Manager
The spring market would appear to have started early this year with the number of new properties coming to the market and viewing figures both up considerably compared to 2016 statistics. It’s still a great time to buy with interest rates held at an all-time low and banks offering finance with as little as a 5% deposit. We also have a stable market in Perthshire with no dramatic price swings in recent years with many properties selling for around Home Report valuation.
10 Reasons to use Blackadders to deal with your Estate Agency and Conveyancing:
- Estate Agency and legal teams all under the one roof
- Members of Scotland’s Solicitors Property Centres giving your property maximum exposure
- Efficient and cost effective – one firm dealing with the entire transaction
- Lawyers on hand to answer any technical questions from interested parties regarding title deeds
- Experienced negotiators helping to obtain the best price for your property
- Offices throughout Scotland with local property teams who have local property market knowledge
- Up-to-date buyers’ database
- Full service firm including advice on asset protection, wills, divorce and family law, wealth management plus access to residential and commercial finance
- Highest professional standards
- Trustworthy and accountable as we are regulated by The Law Society of Scotland
Property Valuer – Perth
Two reports today show conflicting messages about the housing market. The Department for Communities and Local Government said prices in April were 10.1% higher than a year ago. This ties in with the increased demand that is starting to filter through in terms of transactions. However, separate figures from the Council of Mortgage Lenders show that mortgage lending this year has been modest. The number of loans granted to homebuyers fell by 9% in April to 40,000. However, lending was still 15% higher than a year ago. The big problem shown by the CML report is that first time buyers are still finding it very difficult to get higher loan to value mortgages. First time buyers traditionally have lower deposits. With question marks over what the Chancellor will do on 22 June in respect of Capital Gains Tax I still expect more mixed messages as far as the property market is concerned. My view is that we are still moving in the right direction with a few bumps on the road to be crossed.
Chancellor – please do something to help the first time buyers in particular and the housing market in general on 22 June.
Scottish Government – please abolish the Home Report.