McQueen Legal tell The Edinburgh Reporter that there is no time like the present.
Partner Mary McQueen explained: “Now IS a brilliant time to sell!”
She continued: “Let’s grab the bull by the horns and debunk a few myths. As a seller, now IS a fantastic time to sell. In this ‘Seller’s market’, there is a shortage of good property for the number of potential purchasers who are out there looking.
So how do you get started? And about those myths. The danger is that myths are powerful: they can feel true even when they’re not.
Myth no 1: It’s better to wait and sell your house in the Spring.
Spring is when the amount of properties on the market increases. When there is a greater number of properties available, the law of supply and demand dictates that there is less interest in every property. This results in less notes of interest, less closing dates and lower prices achieved.
The truth: Autumn/winter is every bit as good especially when demand outstrips supply as a present.
Myth no 2: If you want to hit the market in Spring, wait till Easter.
Not true. January is much better than April. People have time to discuss possible house moves, or they fall out and split up over the so called Festive Season and they are all fired up to make that move. When there are less properties available, your property attracts more attention.
The truth: Spring should mean January/February.
Myth no 3: I need to buy before I sell.
Dangerous. You could end up with two properties on your hands – at least for a period – and that puts pressure on you to sell at a less advantageous price. Further, when you try to purchase, the first question from the selling agent will be about your financial position to buy and conclude missives. If you have still to sell and you have still to arrange your mortgage, they are much less likely to recommend to their clients that they sell to you. Clients do not often end up having to rent because they can’t find a new property in time – but it does happen occasionally.
The truth: You should sell first iso that you do not severely damage your financial position..
Go along and chat with McQueen Legal on 0131 226 1926.
All of their properties can be viewed on their website. Click the image below to have a look at what they have on sale right now.
Founding Editor of The Edinburgh Reporter.
Edinburgh-born multimedia journalist and iPhoneographer.
