A Strong Start to 2025?
By Carl Warden, Head of Estate Agency
While enquiries have increased, a number of factors – such as cautious sentiment, interest rates, political uncertainty, and others – continue to present challenges in the market.
I am surprised that some potential buyers still believe they can make an offer on a property while making it contingent upon selling their own home. Typically, these buyers have not even begun marketing their property, and we often hear comments like, “My house will sell quickly” or “My neighbour’s house sold quickly… last year.”
You must question why a seller, who has already committed to the time and cost of marketing their property, would agree to take their home off the market to wait for a potential buyer to sell theirs. This arrangement places the seller in a vulnerable position, losing control and becoming part of an increasingly extended chain.
Additionally, there seems to be a tendency for potential buyers to request price reductions, despite not being in a strong position to negotiate. Meanwhile, when it comes to selling their own property, they expect to achieve the highest possible price.
This chain of events needs to shift back toward a more balanced, normal market. Prospective buyers should be expected to make a commitment to selling their homes and actively begin marketing their properties before entering into negotiations.
Carl heads up the Residential Estate Agency division for the company and has a proven track record within the Scottish property sector. He has been marketing property in the Perth and Kinross area for over 35 years and has vast and detailed practical experience and knowledge of selling prime residential property: from period homes to contemporary developments.
For more information on our residential property services in Perthshire click here. Or contact Carl Warden on 01738 621 121, or email carl.warden@bellingram.co.uk.
Our people
Carl Warden
Partner
Estate Agency
Tel: 01738 621 121
About: Carl heads up the Residential Estate Agency division for the company and has a proven track record within the Scottish property sector. He has been marketing property in the Perth and Kinross area for over 35 years and has vast and detailed practical experience and knowledge of selling prime residential property: from period homes to contemporary developments. Carl is well known in the local area, having developed excellent relationships with buyers and sellers. His wider role involves looking after and supporting our Agency teams and colleagues in Oban, Beauly, Ayr and Forfar. Interests: Estate Agency, Market Valuation, Negotiation.