Scotland’s leading independent property consultancy CKD Galbraith has outlined some key factors which should be considered by home owners thinking of selling their property, whilst providing ‘top tips’ to allay some existing fears about the Scottish housing market.
Bob Cherry, partner in CKD Galbraith’s Ayr office, offers a selection of ideas to help home owners assess their property whilst steering it through the selling process.
Bob said: “In our experience, homes, the best of their kind in every category from cottages to large country houses, are selling extremely well if placed under competition, with a number of homes still achieving premiums above guide prices.
“The interest levels in all property however are driven by supply and demand. In essence, if your house falls into a sector that looks upon research to be over-supplied in the local market, you definitely need to employ a number of sophisticated tactics to make your house stand out from the crowd and be the one that sells.
“The houses that are in short supply are typically the idyllic cottage, an historic house in the heart of a sought after village, the town house to ‘do up’, the Old Manse located on the edge of the village, and if there is a beat of fishing or pony paddocks even better.
“These homes continue to enjoying huge amounts of interest with a sizeable number of sales being undertaken privately off-market through agents, which is great news for sellers, but which unfortunately feeds the public perception of a lower transactional rate, which is not always true.”
So what should you do to make your home stand out from the crowd?
Bob Cherry advises:
* Look at your house objectively and ask yourself what the outstanding features were that made you buy it. It is more than likely that a potential buyer will be attracted to those features and they need to stand out.
* First impressions do count. Buyers tell us they make up their mind to buy a house within five minutes of arriving; which means you can also lose them within the first five minutes if you don't set about creating the right impression, so do dress the house before viewings.
* If you were a potential buyer, what would you do to improve your house? For example, is there a planning permission that you have always dreamt of getting, if so take advice and see if this adds value?
* Think ahead. If you feel you might be on the move within the next twelve months, talk to a good agent about professional photographs in May or June when the gardens and indeed the weather should be at its best. If something comes up and you have to move in the autumn, your house will be displayed at its best.
* Choose your agent wisely. In a slowly recovering market you will need the best possible advice. How well does your agent know the local and national market and operate in your property segment? An investment made with your agent in the marketing process can reap huge dividends with a dramatic increase in viewers and price.
* Do your research. Find out what other properties have actually sold for and set your guide price competitively. You want to be the one with the most interest not the one that just looks the best but with little chance of selling.
* Keep an eye on the competition. If others are selling around you, while you instruct your agent to be honest with you, they might be frightened of losing the job when really they should be advising you on how to sell.
Bob Cherry concludes: “Try to be as relaxed as you can throughout the process. A house with a happy feel and an owner who does not appear desperate will produce the right type of buyer and a good relationship throughout the sale process.”
For further information: Contact Bob Cherry 01292 268181.
About CKD Galbraith
CKD Galbraith is an independent property consultancy specialising in serving the needs of private clients. It employs over 160 people in offices in Edinburgh, Glasgow, Perth, Cupar, Inverness, Aberfeldy, Castle Douglas, Ayr, Elgin, Galashiels, Kelso and Peebles.
The partnership provides the full range of property consulting services across the commercial, residential and rural sectors throughout Scotland. The company’s rural arm specialises in farm sales and purchases, the management and sale of large estates and woodland, valuations and building surveying work.
The company enjoys a successful relationship with its associate firm in London, CKD Kennedy Macpherson, as well as providing a range of services to the farming community through an association with United Auctions, Scotland’s leading livestock auctioneers and procurement specialists.
CKD Galbraith’s Ayr office is a founder member of the Elite Ayrshire Business Circle.
CKD Galbraith’s Ayr office:
7 Killoch Place
Ayr KA7 2EA