May Property Market Insight from Carl Warden, Bell Ingram’s Head of Estate Agency

As the weather begins to improve and the rain starts to taper off, there’s a palpable sense of relief among the farming community. But interestingly, it’s not just farmers who are benefiting from this change – the property market is also experiencing a surge in activity.

According to Carl Warden, Bell Ingram’s Head of Estate Agency, there has been a noticeable uptick in interest in the property market recently. Competitive closing dates and premium prices are becoming more common, indicating a heightened level of competition among buyers. Properties that were listed in the final quarter of 2023 are now quickly going under offer, highlighting the importance of timing in satisfying the current demand.

Says Carl: “Sellers are becoming increasingly aware of the need to stay ahead of the curve in this fast-paced market. More property appraisals are being requested as sellers recognise the importance of being well-prepared before making an offer on a new property.”

However, Carl advises against complacency, emphasising the importance of realistic expectations, explaining: “Despite the buoyant market, it’s crucial for both buyers and sellers to approach transactions with a clear understanding of what is achievable. With the right guidance, though, I believe that everyone can reach their desired outcome.”

One area that Carl highlights as particularly crucial is conveyancing – the legal process of transferring property ownership. He stresses the importance of having a competent solicitor who can navigate the complexities of this process. Regular communication with your solicitor, including requesting progress reports, is essential to ensuring a smooth transaction.

But Carl wants to make it clear that the job of an estate agent doesn’t end once an offer is accepted. Agents play a vital role in facilitating communication between buyers, sellers, and solicitors, helping to resolve any issues that may arise during the transaction.

He concludes: “Looking ahead, I predicts that the Scottish property market will continue to flourish throughout the summer as demand remains high and availability remains limited. So, whether you’re buying or selling, now could be the perfect time to make your move in the market.”