The most recent set of statistics from the Royal Institute of Chartered Surveyors (RICS) suggest that there is a real demand for property in Scotland at the moment.
Even though demand for homes is currently falling slightly in the South East and London area, the property market in Scotland remains healthy and prices are still increasing. In fact, they’ve risen 6.2% since February last year, outpacing the UK price increase average of 4.4% (source). According to findings from the latest survey, they are expected to increase even more in the coming months, making the current period a great one to consider selling your home.
The number of current properties available for sale is still low at the moment, making it very much a seller’s market. Demand for property currently outstrips supply, so this means that you could get a much better profit in a shorter space of time than usual. If you’re thinking about climbing the property ladder in East Renfrewshire, here’s what you need to know.
- Be prepared
It’s really important to be prepared and have as many things sorted as possible when you’re making an offer. This means getting your finances in order, having a mortgage in principle and getting all the required documentation and information ready before you put your offer down. This will ensure that the actual buying process goes as smoothly and as quickly as possible.
- Know your budget
Understanding your available budget is also really important when it comes to making a successful offer on a property. The high competition between prospective buyers when it comes to bidding on a property means that you need to know your budget like the back of your hand, so you can sure of the exact limit you can afford to stretch to. After all, you might need to make quick decisions at this stage, thinking on your feet. Knowing the specifics of your available budget will make sure that you won’t overstretch yourself.
- Keep an eye on the market
Perhaps one of the most important things to do when it comes to buying the perfect property in East Renfrewshire is to stay constantly updated with the available homes in your area. The best way to do this is to sign up for updates from a local estate agent in the area you’re looking for. If you’re targeting East Renfrewshire for instance, you might want to stay updated with our property updates. Simply register to keep up to date with the latest properties from Nicol Estate Agents via email here.
The same advice of keeping an eye on the market can be applied if you’re thinking of selling your property too— keeping an eye on what prices the homes around you sell for can help to inform your own sale and give you a rough estimate of what your home could reach too.
Still, nothing really beats the level of service you’ll get from speaking to a real-life estate agent though. With over 100 years’ combined experience of selling properties, the Nicol team have been helping couples and families find their dream homes in the East Renfrewshire area since 2012.
To find out how we can help you on your property journey, get in touch with our team today.