We have seen a very different, vastly improved property market for sellers this year. Many of our clients have been surprised at just how good a result we’ve managed to achieve for them.
It is all about supply and demand. The market is underpinned right now by a good demand amongst buyers, this is certainly helped, amongst other things, by the cheap mortgage lending available. However, this is set against an insufficient supply of new properties being made available for sale. Demand is growing, but the supply is not keeping pace.
Clearly this is good for sellers. This year we have been seeing shorter sale times, frequent closing dates off the back of multiple viewings and, as a result, sometimes surprisingly good sale prices. This is especially true for family size homes. So, if you are thinking about moving, now could be the perfect time.
There is no better example of this than our recent marketing of 13, 15, 18 Kemp Avenue, 11 Methuen Road and 50 Clydesdale Avenue in Paisley. These properties are all within 500 yards of each other and are all of a similar type and value. We brought these properties to the market over the last few weeks, but they are all sold now.
What is striking is that none of the properties were on the market for longer than two weeks. In fact, Number 18 Kemp Avenue lasted only two days. Numbers 13 and 15 Kemp Avenue sold at closing dates with multiple offers above valuation. It goes to show, even with multiple properties coming to market in a concentrated location around the same time, the demand is still there for them to be snapped up.
There are still buyers who missed out on these properties. We are working with them now to help them find another home.
The bottom line is this: we are currently experiencing a high demand for family homes. We have serious buyers actively looking for property. We are confident that they would pay a premium price for the right property.
So, if you are thinking about selling contact one of our experienced staff today to arrange a free valuation on 0141 886 5678. We are offering competitive fee packages for any newsletter enquiries.