Why December is a Great Time to Buy a Property (and Why the Snow Might be Your Secret Weapon to Picking Up a Bargain!)

If you look at any major property website at the moment, it is clear that there are a lot of adverts for properties with reduced prices or prices well below Home Report valuation. December is usually a great time to be buying a property. However, this year property buyers have another tool up their sleeve to help them pick up a bargain: the snow!

As the winter holidays draw closer, some property sellers start to panic. Most solicitor firms will close for the Christmas and New Year holidays, a period of two full weeks. This means that property buyers can’t even submit an offer during this time, a genuine concern for property sellers. Many sellers also believe that the property market only starts moving in early spring. This isn’t really true but this perception persists.

At this time of year therefore, many property sellers will feel that they have a choice of accepting your offer now or of waiting several weeks until another offer comes along.  This worry might persuade some sellers to accept a lower offer than they otherwise were looking for.

However, this December we can add another factor that further tips the balance of power in favour of property buyers: the snow! If property sellers perceive that December is usually a quiet month, the fact that nobody can physically get to their properties certainly won’t help to ease their worries.

December is definitely a good time to be getting an offer in on a property. Timing and hard bargaining are always useful tools for picking up a great buy.  However this year it might be that a warm coat, snow boots and a 4×4 are the real key to picking up a property bargain!

Is the Scottish Property Market Tightening Its Belt?

There are signs, just an inkling of a feeling, that confidence is dropping in the property market.

Not from buyers. We have sold more this month already than last month. The more concerning factor is that supply seems to be weakening. Statistics that I saw today suggest that the number of properties coming to the market in September was lower than the number in August and by a full 10 percent. Our own experience almost exactly mirrors this. More concerning from our point of view is that so far in October we have seen the number take a small nosedive. Our stats are usually pretty representative of what’s happening in the wider market at least in Edinburgh and the Lothians.

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Monthly Scottish Property Market Update – August 2010

What’s Happening in the Property Market in August aka Did Anyone Actually Go on Holiday This Year?

I’m not going to write a huge amount this month as, property-wise, it’s been a bit of a slow news month.  Nothing particularly shocking has been published or indeed happened, I could have my regular rant about inconsistent property-related reporting in the Press but that’s going to be becoming pretty old hat pretty quickly, so there’s not really a huge amount to report.

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The Guardian Reports House Prices Won’t Recover for Years – True or Not?

Saw this article yesterday and thought it worthy of comment:

http://www.guardian.co.uk/business/2010/jul/13/house-prices-no-recovery-five-years

As a bit of a lefty liberal I do quite like the Guardian and tend to be quite sympathetic to its take on things.  I saw this though and thought it was a bit alarmist in a way that the Daily Mail tends to specialise in.Your Read More Link Text

Monthly Scottish Property Market Update – June 2010

Apologies for the slightly late posting of this month’s property market update.  The only excuse I have is that, as business goes from strength to strength, our head valuer has been off on holiday this past week and a half and I am filling in for him in his absence and, quite honestly, I’ve got some idea of just how much he gets through in a day now: kudos indeed!

Anyway, this month’s Property Market Update is overwhelmingly positive.  We all like good news so here goes…

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10 Reasons Why iPads Are Great News for Estate Agents

I have to confess that I am a gadget freak.  Pretty much every bit of tech that has come out in the past few years, I’ve wanted to be an early adopter.  Usually being an early adopter ends up being a bad move: the first Blackberry email devices were pretty clunky and the first iPhones weren’t anything like as good as the second generation ones that were released quite shortly afterwards.  So, with that in mind what on earth was I doing buying not one but two iPads for my business within a few days of their launch in the UK?Your Read More Link Text

Monthly Scottish Property Market Update – May 2010

My last monthly property market update went out just before the General Election.  The big question for this monthly market update is: what is happening in the property market today and how will the result of the General Election affect the property market in Scotland?  I’ve also put some tips in here about how to help your property stand out and sell in what continues to be a very challenging market in most areas.Your Read More Link Text

HIPs Are to be Scrapped in England and Wales. Are Home Reports in Scotland Therefore Doomed?

One of the first acts of the new coalition government in the UK was to scrap HIPs (Home Information Packs) in England and Wales.  This had been a pre-election pledge and therefore came as no huge surprise.  This has led to a lot of clients and prospective property sellers in Scotland either (a) telling me they’re delighted that HIPs have been scrapped (when they actually mean ‘Home Reports’ and think that they are one and the same thing) or (b) asking me whether this means that Home Reports in Scotland will be scrapped too.Your Read More Link Text

Property Market Update – April 2010 – General Election Special!

Property Market Update – April 2010 – General Election Special!

It’s been understated, dignified throughout and in no way resembled children chucking mud at each other in a playground: yes, I’m talking about the General Election.  Mercifully we are almost at the end of the campaign and in less than a week it will be all over.  At that point we can finally resume focus on some of the things that have been getting less column inches than they deserve in the past few weeks, most notably Inter Milan reaching the Champions League final, my band’s gig at the Bongo Club last Friday and, of course, property market news.Your Read More Link Text