My House Will Sell in Days, No Problem

Is that what you’re thinking, or perhaps you’ve heard it said?

We have, and even solicitors submitting offers for their clients often say: “This offer is subject to our clients selling their own property.”

Several years ago, such offers wouldn’t be accepted, and the market seems to be reverting to that norm. The market is saturated with chain sales that frequently fall apart, wasting significant marketing time.

Have you noticed more properties available on the market? We have. This is because sales are taking longer, and buyers are starting to realise that offering on a property subject to their own sale and expecting the seller to wait is no longer feasible.

While a buyer can offer “subject to their sale”, the seller should continue marketing their property, ensuring regular communication between the agent, seller, and potential buyer.

What has changed in the property market?

Many subtle changes have occurred over recent months, driven by factors such as the cost of living, food, fuel, energy prices, wars, politics, and interest rates. While these issues are not new, they have collectively contributed to a shift in the market.

We’ve adjusted to most of these changes, and that’s the point – the market we experienced was exceptional, but we are now transitioning back to a more typical property market.

Get a Genuine Feel of the Market

Sellers need an accurate understanding of the market from their agent, not just what they want to hear. Our professional agents will provide you with a genuine guide through the current property market.

If you are thinking of selling, contact your local Bell Ingram office for a no obligation market appraisal for your property.

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.”

Bell Ingram latest sold properties…

Another busy month of sales concluding for our Estate Agents in Perth and Kinross, Highland and Argyll and Bute.  Have a look below at some of our latest sold properties.

Sold by our Perth and Kinross Estate Agents

Balarchibald Steading, Ballechin, Pitlochry

Perth Office

Mains of Craichie Farmhouse, Craichie, Forfar, Angus

Perth Office

Kirklands, High Street, Kinross

Perth Office

Sold by our Argyll & Bute Estate Agents

Penmore House, Tobermory, Isle of Mull, Argyll and Bute

Oban Office

Hynish House, Isle of Tiree, Argyll and Bute

Oban Office

Balmacara, Dervaig, Isle of Mull, Argyll and Bute

Oban Office

Are you looking for a market appraisal on your own property? Get in touch with our Estate Agents to book your market appraisal by clicking here.

Spring Awakening: A Look into Scotland’s Highlands and Islands Property Market in 2024

As the early Easter passed by, so did the rush to list properties in Scotland’s Highlands and Islands. With the early holiday dampening the desire to showcase homes amidst chilly weather and barren gardens, many clients opted to wait until spring truly sprung.

Now, as April unfolds, the landscape is changing. Colourful blooms adorn once-dormant gardens, and the weather turns milder, signaling the perfect time for homeowners to unveil their properties to eager buyers. The delay has only heightened anticipation, and the market is abuzz with newfound activity.

In recent weeks, there has been a noticeable surge in properties hitting the market, accompanied by an increase in viewing requests. This uptick in interest is promising as we transition into the warmer months.

Particularly noteworthy is the heightened attention surrounding high-end island properties nestled along the picturesque coastal regions. These gems have captured the imagination of prospective buyers with the allure of coastal living, combined with the impending summer ferry timetable contributing to this burgeoning interest.

The current sentiment among industry insiders is one of optimism and anticipation. With the stage set for a bustling selling season, stakeholders are gearing up for what promises to be a dynamic period in the region’s property market. The delayed onset of Spring has only served to amplify excitement, with sellers and buyers alike eager to capitalise on the newfound momentum.

As we navigate through the Spring months, all signs point to a flourishing market in Scotland’s Highlands and Islands. With properties blossoming onto the scene and interest steadily mounting, the stage is set for an exciting and rewarding market ahead.

If you are looking to buy or sell in the Scottish Highlands, contact our local property expert Joanne Stennett on 01463 717799 or email joanne.stennett@bellingram.co.uk.

Scotland’s West Coast property market witnesses the joy of spring

Spring is the time of year for new life. As the days become longer, the landscape here on the West Scotland changes, from flat brown hues to a palette of vibrant greens, a vivid backdrop where fields come alive with the arrival of newborn lambs and calves. Spring is a season of hope.

As I travel the length and breadth of Argyll carrying out property appraisals, I am also witnessing new life in the residential property market. After a relatively steady winter period, Spring has brought a steady rise in the level of enquiries across most property search locations. Clients are now beginning to make plans for the year ahead with many new buyers excited to relocate to this beautiful part of Scotland.

We have achieved several ‘off market’ sales in recent months – matching purchasers with properties without the need for listing the property on the open market. This works well over the traditionally quieter months, and we would advise buyers to register with us at an early stage to receive early information on new and upcoming property listings, especially those with specific requirements, such as island locations, properties with direct coastal frontage or crofts and amenity farms.

The market remains somewhat challenging for those seeking financing, but we anticipate that conditions will stabilise as the year unfolds. A recent decline in inflation, combined with the possibility of additional interest rate reductions should hopefully instil greater confidence in the market and make conditions easier for buyers.

I’ve recently been invited to carry out appraisals for several new crofts, farms and smallholdings, properties which present a captivating opportunity for those looking to embrace an outdoor lifestyle.

Bell Ingram prides itself on rural land sales and has expertise for both farm and estate management. As agents for AMC, we have specialists who can offer key advice on long term finance for rural businesses across Argyll.

There is no denying that Scotland’s property market still presents some ongoing challenges, but as we progress through the year we are optimistic that the market will continue to flourish.   

Find out more about the services are Oban Estate Agents offer here.

Bell Ingram latest properties…

Despite the weather April has seen a bright start to the property market, have a look at our latest properties from our Agents in Perthshire, Highland and Oban.

For Sale

Old Auchnaguie, Tulliemet, Pitlochry, PH9 0PA

Perth Office

3 Grayburn Gardens, Dundee, Angus, DD2 5FF

Perth Office

Traigh Mhor, Kirkapol, Isle of Tiree, PA77 6TW

Oban Office

Burnside Cottage, Prison Brae, Tobermory, Isle of Mull, PA75 6PB

Oban Office

Druim Beag, 6 Drumindorsair, Broallan, Beauly, IV4 7AH

Highland Office

Atlantic Longhouse & SEApods, Aird, Uig, Isle of Lewis, HS2 9JA

Highland Office

Can’t find what you are looking for? Have a look at more of our properties here.

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

Last month’s outlook in the property market showed a glimmer of positivity, but one significant issue continues to linger: prospective buyers are hesitating to list their properties. Despite signs of inflation aligning with the Bank of England’s forecasts and the potential stabilisation or even decrease of interest rates in the near future, caution remains the dominant sentiment among buyers.

The primary concerns revolve around two key areas:

Buyer Hesitation: Many potential buyers are delaying putting their properties on the market until they find the perfect fit. This reluctance contributes to a stagnant market, where properties remain unsold for extended periods.

Seller Caution: Understandably, sellers are wary of negotiating or accepting offers from buyers who haven’t yet sold their own properties or begun marketing them. This cautious approach often leads to ‘chain-linked’ sales, where deals fall through and chains break down.

The question arises: why accept an offer contingent on another sale? Sellers find themselves in a precarious position when they accept such offers, only to withdraw their property from the market and become vulnerable to circumstances beyond their control. The market’s stability hinges on the return of committed buyers and sellers, ensuring confidence and continuity.

Contrary to popular belief, properties don’t always sell quickly in the current market. While it’s true for some, others may languish for months, necessitating price adjustments to maintain interest.

Professional guidance remains crucial in navigating this complex market. Estate agents are well-equipped to offer support and expertise, assisting both buyers and sellers in negotiating the uncertainties of the market.

Looking ahead, despite the challenges, optimism prevails for 2024. Confidence stems from firsthand experiences within the current market dynamics.

In conclusion, while challenges persist in the property market, opportunities abound for those willing to adapt and seek professional guidance. Let’s strive for a market characterised by confidence and stability as we move forward.