Confused first time sellers and anyone getting back into the housing market for the first time in years are to be helped out at a special property event in Edinburgh.
Boyd Legal Solicitors have arranged their ‘Boyd BBQ night’ on September 2 to offer an informal ‘crash course’ on how to sell a house for the first time, as well as providing key advice and information on the selling process to home owners.
Property Manager Kerry Wells said the process of selling a house is always a daunting task, and if the seller hasn’t sold in a long time they perhaps are not aware the process has changed greatly over the years, becoming more complex with the addition of Home Reports.
She added: “Likewise, there will be a whole raft of young couples in Edinburgh – particularly who either work or live in the city centre, who have never bought before and will likely be confused and unsure of how to progress a sale.
“Although it is predominately an informal event, but we do hope we can give expert help to sellers who may have not have used an estate agent for some time on how to present their property to the market. The goal is to give them the confidence to get their property listed for sale while the market is in their favour.
“I’m aware of a house that sat derelict for two years as the owners didn’t have the confidence or knowledge to sell. When they finally decided to sell they hoped to get £90k, but the house actually sold for £130k in the strong market. We want to give sellers that confidence and knowledge so they don’t miss a great opportunity.”
Currently there is a shortage of properties entering the market – which in turn is spiking demand and causing prices to rise. The ESPC’s July report found that the number of properties being sold across east central Scotland has decreased by 8.4%, because of the shortage of homes on sale. Average selling prices have increased by 7% in the last three months.
The BBQ event will feature impartial advice from Boyd’s property team, ESPC, VistaBee, J&E Shepherd (surveyors) and a mortgage advisor.
Paul Hilton, CEO of ESPC, said: “Average selling prices have been driven up by the lower volumes of properties on the market, with all the indicators of a seller’s market still in place. 83.7% of properties listed between May and July 2016 were marketed as ‘offers over’, compared with 70.9% in 2015, while the median time to sell is now 21 days.
“These are all positive signs, but if you are planning on selling your property there are a lot of things to consider.
“Expert advice, great marketing and setting the right asking price from the outset will help you secure a sale for your property – that’s why the Boyd Legal event should be a must-attend for anyone looking to sell.”
Boyd Legal originally started as West End-based Boyd Property, where it developed an impressive reputation, and the BBQ event is part of its drive to see a resurgence of its residential property team.
What: Boyd BBQ – #GetaMoveOnWithBoydProperty
Where: 21/22 QUEENSFERRY ST EDINBURGH. EH2 4RD
When: Friday 2 September FROM 4PM | DRINKS AND BBQ