To satisfy client demand we have buyers waiting for three, four and five bedroom homes in Clarkston, Eaglesham, Giffnock, Newton Mearns and Whitecraigs areas.
Overall the housing market remains buoyant and we believe this will continue throughout 2017. In many areas of East Renfrewshire, we have seen a shortage of property with demand outstripping supply, resulting in more closing dates and premium prices been achieved, and in some cases, the highest prices achieved in many years.
Due to current market conditions, namely record-low interest rates and high mortgage approval numbers, this is an incredibly favourable time for any home owners looking to sell their property in East Renfrewshire. According to a recent press release from Halifax, the number of first-time buyers has reached a 10-year high. Estimated to have totalled 335,750 in 2016, there has been in excess of 300,000 first-time buyers for the third successive year, with the 2016 figure at its highest level in the UK since the start of the financial crisis in 2007.
Registered buyers waiting to move
At Nicol Estate Agents, we have a significant and increasing number of registered buyers who are ready to purchase a property in East Renfrewshire now. Specifically, these active buyers are waiting for three, four and five bedroom family homes in the Clarkston, Eaglesham, Giffnock, Newton Mearns and Whitecraigs areas. If you have a property and you are considering selling in 2017, now is the time to market your home and benefit from current activity levels.
The fact that buyers currently outweigh property availability presents an excellent opportunity for sellers. By putting your home on the market now, you will benefit from higher viewing numbers, a quick turnaround, and competitive offers well excess of your Home Report value – particularly if you’re selling a family home. Furthermore, this current trend could be incredibly valuable for landlords and buy-to-let investors with residential property in East Renfrewshire.
A positive year ahead
Following on from one of the busiest December’s we’ve experienced here at Nicol Estate Agents, 2017 is looking increasingly positive in terms of buyer demand and sales values. Due to the high performance of local schools in the East Renfrewshire area, larger properties in this part of Scotland are incredibly popular with families. Whether you’re planning to sell now or are simply considering moving at some point in the future, we don’t expect this demand to change any time soon.
Whatever your reason for moving; whether it’s for extra space, to downsize or you may simply have found your dream home, Nicol can help. Our knowledge of the local property market helps us develop a marketing plan that’s right for you and your property.
We want our clients to be delighted with the service we provide. Listening to your needs and understanding your requirements is our starting point. To find out more about our approach to selling homes, download our comprehensive Guide to Selling your Property here.
If you are planning on selling your home, contact Nicol Estate Agents today for an appraisal of your property. Our Managing Director Douglas Nicol and Estate Agent and Valuer Daniel Cohen carry out hundreds of market appraisals every year, giving them an intimate and unparalleled knowledge of the property market in Glasgow, from city centre apartments to family homes and building plots. We will talk to you about the property market in your area, compare sales evidence, local demand for similar properties, outline our tailored marketing plan and provide details of our sales support strategy right through to completion.