FIFE’S CKD Galbraith property consultancy based in Cupar has reported an increase in activity in the residential property market since the start of the year.
George Lorimer of CKD Galbraith’s Cupar office, who handles sales throughout Fife and Angus, believes now is a favorable time for those looking to put their property up for sale, with the market beginning to show some encouraging signs of increased activity. Viewing figures for the firm as a whole have more than doubles for the first three months of 2011 against the same period last year.
Good rural lifestyle properties in desirable locations, particularly with a few acres of land, are remaining highly popular – in particular the Ceres, Cupar, Elie, St Andrews and Broughty Ferry areas. There are still a good number of potential buyers in the £375,000 to £500,000 price bracket for the right properties.
Throughout 2010, prices achieved for all properties sold by the firm were on average within 0.5% of the asking price.
George Lorimer said: “Quality properties in good sought-after locations are selling surprisingly well, however it has to be emphasised that the market throughout Scotland is still acutely price sensitive. Sellers need professional straightforward advice as houses that are obviously over priced and poorly presented get very little interest in this very fragile market.
“There is also an increased emphasis on being out of a ‘chain’ when both buying and selling a property. It can be advisable to sell first so that you are not tied up in a ‘chain’ and renting or staying with family or friends is a sensible option for a short period of time, so that you are ready to move and negotiate hard with funds in place, when the right property comes to the market.”
With summer now here, leading to lighter nights for viewings, it’s now the optimum time to get your property ready for the market, says Mr Lorimer