What is an Online Estate Agent?

A commonly misused term of 21st-century estate agency is ‘online estate agent’. The terms itself is a play on words and in my opinion should be rebranded as ‘online-only estate agent’. Indeed, every estate agent whether it is traditional, online-only or other is almost certainly going to advertise online. With this in mind, the key question any would be Seller needs to ask is NOT whether or not you are an online agent. But WHERE online do you advertise?

It is crucial that Sellers take into account regional variations on this key marketing point. There are significant geographical differences that should be considered. At Blackadders we are well placed to advise clients on where best to advertise online and back up our advice with evidence.

If you are considering selling your home and would like to discuss this in more detail do not hesitate to contact the Blackadders Property Team.

Brian MainBrian Main, Estate Agency
Angus Area Manager
Blackadders LLP

@BlackaddersProperty
@BlackaddersLLP
www.blackadders.co.uk

New build homes the way forward?

With the current lack of availability of residential homes throughout Scotland, there has never been a better time to consider new homes either as a Purchaser or as a Developer.  At Blackadders, we have a proven track record in helping both purchasers and sellers alike within the new build market.  From a Developer’s point of view, the initial identification of a site and subsequent site acquisition is paramount and Blackadders are well placed to give advice on all pre-purchase aspects. As soon as a site is identified we can provide up-to-date sales information on what type of design and size of a house is selling along with a guide to eventual sales yield.

This slideshow requires JavaScript.

From a marketing perspective, we have the proven track record of selling new builds and conversions, the most recent of which being the successful conversion of the Taychreggan Hotel in Broughty Ferry into luxury apartments and also the prestigious development within Trust House, Liff.

From a Developer’s aspect, it is important to ensure that the pricing is correct on every unit. It is not just a simple case of using floor area as the ultimate guide to value.  Every unit is individual and this coupled with the quality of finishes can make an enormous difference along with the location of preferred plots to the eventual sale price.

Trist house liff (martins blog)
Trust House, Liff

Our marketing strategies are usually bespoke to the Developer’s requirements.  However, a basic guide to our service levels would include working with the Architect, preparing brochures, signage, marketing materials and advertising the properties through various portals including Solicitors Property Centres, Rightmove and Zoopla, as appropriate.  We would also distribute the properties throughout our East of Scotland network and through both our national and international mailing list.  Our Sales Staff provide ongoing site appraisal reports and would work hand in hand with the Developer. The initial launch may include newspaper advertising and we would also use our contacts within the media to generate other publicity. We offer a 7-day service and extensive use of social media.

Every development is unique and we would undertake an individual approach to any marketing needs.

Should you have any queries whether as a Purchaser or a potential Developer please contact our New Build Team on 01382 342222.

MJPMartin Paterson
Director of Property Services
Blackadders LLP

@BlackaddersLLP
www.blackadders.co.uk

Increase your kerb appeal and make the best first impressions

Kerb appeal, a prospective viewer’s initial first impressions of your property, can play a huge part in the sale of your home. We all know that a successful sale is normally down to getting viewers over the threshold and if your property is looking its best, you will have a better chance of getting these all-important viewers through the front door.

Selling your property can be stressful so why not take advantage of these seven simple tips to help make the process a little easier:

  1. Fix the obvious
    If the front gate is hanging off its hinges or there are loose paving stones in the front path, have these items fixed.  If the doorbell is hanging off the wall or the front light is not working, these first impressions will be remembered.

    pexels-photo-210881

  2. Keep the garden tidy
    It doesn’t take much to mow the lawn or give those borders a quick weeding and a well cared for garden implies a well cared for home. Also, think about adding some low maintenance pot plants to give instant additional colour to your garden.

    pexels-photo-210531

  3.  Think about freshening up the exterior paintwork
    I’m not suggesting spending a fortune here but if you are able to give the exterior a quick freshen up, this can work wonders with first impressions. Peeling or cracked paintwork is never nice to look at.

    pexels-photo-221027

  4. Keep windows and doors clean
    Bright sparkling windows will give the impression of a fresh and clean home. Also, have those gutters cleared out and get rid of any protruding weeds.

    pexels-photo-109963

  5. Get rid of the clutter
    This applies to the interior as well as the exterior.  No one likes to see a messy garden or untidy rooms.  Clearing the clutter gives an impression of space and order and lets people imagine where they are going to put there own belongings. Remember the old saying of ‘less is more’ works wonders here.

    table-white-home-interior

  6. Keep it neutral
    Shocking pink might be your all-time favourite but it’s not going to be everyone’s cup of tea.  Keep it simple with low-key neutral tones as this gives the impression of a ‘blank canvas’ and lets viewers imagine putting their own stamp on the property.

    Processed with VSCOcam with n1 preset

  7. Keep it clean
    This one might sound rather obvious but it’s often a point that many sellers overlook. An unclean home can be very off-putting and leave a lasting impression.  It can be such an easy thing to fix and all it will cost is a bit of elbow grease.

    cleaning-washing-cleanup-the-ilo-48889

Taking control of the simple things can work wonders. It can help to increase your viewings which in turn will generate more interest in your property and hopefully achieve a quicker sale.  For more information or assistance with ideas, please contact our Property Department to arrange an appointment with one of our Property Managers.

euan stewart
Euan Stewart, Property Manager
Estate Agency
Blackadders LLP

www.blackadders.co.uk

 

BLACKADDERS – CAMPAIGNING FOR THE SCOTTISH HOUSING MARKET

As part of our campaign to support the Scottish housing market and assist in overcoming the barriers to housing delivery, I am pleased to advise that we have renewed our membership once again for the organisation – Homes for Scotland.

Homes for Scotland plays an important role in ensuring that Scotland is building enough homes of all tenures to meet the diverse housing needs and aspirations of its growing population.  Homes for Scotland is involved with planning, developer contributions, housing policy, building standards, low carbon agenda and many other issues that impact on the Scottish housing market.

LDDLindsay Darroch
Partner
Blackadders LLP
@LindsayDarroch
www.blackadders.co.uk

Properties being sought in East Neuk, Fife

Blackadders are delighted to announce a new property display window within the popular East Neuk village of Anstruther – pictured above is Neil Fyall our Senior Property Manager, outside the new display within Rodger Street, Anstruther.

Blackadders’ Property Services Director Martin Paterson (who lives in Anstruther) comments:  “Over many years we have had many successful sales within the East Neuk of Fife and this display further enhances our commitment to offering property services within the East Neuk of Fife and St Andrews.  Having lived in Anstruther for over 30 years and being involved in the local property market for that time also there is no shortage of expertise in providing free no obligation valuations to all properties within the area.  Buyers traditionally are a mixture of families wishing an excellent family home and a safe and comfortable environment along with people looking for a first time buy or second home.  In years gone by second homes were particularly prevalent in Elie and Earlsferry but this has extended now to all villages throughout the East Neuk of Fife with particular interest recently in properties being sought in both Anstruther and Cellardyke.  Crail has always proved popular particularly with its easy access to some excellent links courses with Pittenweem and St Monans always proving popular due to the many historic and fine features”.

If you would like to arrange a Free, No Obligation, Marketing Appraisal of your home please give our Property Sales Team a call on 01334 800600 (7 days), and either Martin Paterson or Neil Fyall will call out to have an informal chat.

Blackadders LLP
@BlackaddersProperty

www.blackadders.co.uk

Are Legal Standards for Minimum Energy Efficiency for Properties the same North & South of Hadrian’s Wall? 

 

In short the answer is NO.

In England and Wales, regulations which are due to come into force on 1 April 2018 will potentially affect the ability to let out properties and the market value (and marketability) of those properties. The regulations will prevent private Landlords from letting either residential or commercial properties with an Energy Performance Asset Rating (EPAR) lower than E (unless they can point to a specific exemption).

The equivalent regulations for buildings in Scotland do not impose a minimum EPC rating requirement but other measures apply that are already in force for commercial properties.

Landlords, investors, developers and lenders should take note of the differences and not assume energy efficiency policies are the same throughout the UK.

table 1

JM table 2

jm table 3.png

jm table 4.png

*Non Domestic EPC Register for England and Wales
*EPC Register for Scotland

Registers can be searched using the property’s postcode so the easiest way to determine whether or not a valid EPC exists for your property is to check online: Non Domestic EPC Register for England and Wales or EPC Register for Scotland.

If you have any queries regarding energy efficiency requirements for properties, please get in touch with your usual contact in the Property team at Blackadders.


JWMJohn McKie,
Partner

Commercial Property
Blackadders LLP

@LawyerJohnMcKie 
www.blackadders.co.uk

 

IS THIS THE WINTER OF OUR DISCONTENT – PROPERTY MATTERS

Welcome to the first property blog of 2018!  Rest assured that this year will see more property blogs. I predict that 2018 will be a very interesting year for the property market. Before I give you my predictions for 2018 though, how did I get on with my predictions for 2017?

Looking at my blog on the 9th of January last year I predicted a 5% decrease in market activity with a slight increase in house prices averaging around the 2% to 4% mark.  Whilst I think I was correct in relation to the general road of travel, the decrease in activity in the property market (especially in the second half of the year) appears to have been steeper than even I had predicted. As yet, I have not seen the final stats for 2017 and obviously there are geographical differences to take into account, but I would predict that Scotland overall would show a decrease of between 10% and 15% in relation to properties coming on to the market, with a perhaps more significant increase in average house prices, probably around 5%. There have been recent reports advising that November saw the sharpest drop in mortgage approvals for a number of years and as different areas start issuing their stats, I think this general downward trend will be repeated. Dundee flats - LDD blogOn to 2018 and I am actually looking at this year with more optimism than the last year. What is the reason for the optimism? Like a bottle of champagne being constantly shaken, the housing market, with its links to lifestyle choices, will eventually not be contained no matter what the economic background. I suspect that 2018 particularly the second half of the year will show this and although uncertainty around Brexit will continue it will become something that we live with. As economic uncertainty fades and as general lifestyle requirements kick in, I think we will see an increase in activity in the housing market.   I also think that developers sensing the lack of supply and price inflation, have now started to increase their build output. I believe that this will be the oil that greases the wheels of the property market especially if the developers offer part exchange and other incentives.

In relation to specific areas, I would comment as follows:-

1. ABERDEEN & ABERDEENSHIRE – I am starting to see green shoots of activity coming through the Aberdeen property market and whilst it will take some time for the extra stock to clear, I do believe that Aberdeen is on the cusp of recovery. Although we will not get back to the highs of pre 2010, we will over the next 18 months move very quickly towards some form of normality and a free flowing market.

2. DUNDEE – As the V&A moves towards its opening and Dundee Council carry on with their exciting plans for the development of the waterfront area and the city in general, I do think that Dundee is on the cusp of very exciting times in relation to the property market. In particular watch this space in relation to flats down at the waterfront which are looking very reasonably priced and very attractive for investors and also residents.

3. ANGUS – The Angus market continues to prove robust and as Aberdeen continues to improve expect more of this heat to work its way down the coast, in particular Montrose, Brechin, Arbroath, etc.

4. PERTH & PERTHSHIRE – This market is proving very difficult as its driver in the early 2000s was the heat from the Edinburgh market. Unfortunately, I cannot see a big increase in the Perth property market, although I do predict more stability and a slight increase in activity.

5. FIFE – This also appears to be a difficult market, however with some hot spots, St Andrews in particular proving very popular and prices continuing to exceed expectations. Again, I predict a degree of stability in the Fife market.

6. EDINBURGH – I see potential for further growth in the Edinburgh market. I think that the developers will continue to produce stock for this market and as such, I am anticipating some significant growth, both in terms of activity and prices in 2018.

7. GLASGOW & the WEST – Again, I am seeing positive signs and think that in particular the second half of 2018 will show significant increases in activity in the Glasgow market fuelled by a mixture of newbuild development.

Overall, I am predicting a slightly quiet first three months for 2018 with a steady increase in activity for the remainder of the year culminating in activity levels being up by 10% and prices increasing by 5%.  As always, watch out for the first quarter figures as this will be a good indication. The phrase “more optimistic than last year” probably sums up my feelings.

I will continue to provide blogs on aspects of the property market and also watch out for some interesting additions, including “dinners for winners” – my take on the late, Michael Winner’s weekly column in the Sunday Times.

Finally, I would wish all readers a happy and prosperous 2018.

LDDLindsay Darroch
Partner
Blackadders LLP
@LindsayDarroch

www.blackadders.co.uk