It has become pretty clear since the start of 2014 that the property market in East Central Scotland has seen a steady recovery.
Those who are selling property are enjoying greater demand which in turn is driving many areas of the market back to a position where it is common to fix a ‘closing date’
Fixing a closing date means that there is competition for the property and that more than one ‘buyer’ is likely to make an offer.
Competition in some areas of the market has been so fierce recently that we received 11 offers on a property which was suitable for first time buyers.
Why buyers need advice in a competitive market
When closing dates are prevalent, buyers need to ensure that they appoint a solicitor who has experience and knowledge of the market they are buying in.
There is no point in choosing a solicitor who offers the cheapest conveyancing quote if this results in you dealing with someone who lacks the expertise and knowledge to structure the right offer and secure the property you want at the best price.
This can be a complicated matter when there are a number of interested buyers.
Typically (although not always) the seller will accept the highest price on the closing date and there is a considerable amount of skill involved in calculating an Offer at a level which might secure the property without paying over the odds.
This is why you need an experienced solicitor to act on your behalf.
VMH have the expertise you need
The tactics we adopt in calculating and submitting an Offer will be determined by a number of factors and this can be a complicated process which includes detailed research of the market combined with an assessment of your affordability.
Don’t leave it to chance
Getting the offer just right is a key part of the buying process and appointing a solicitor based on a cheap conveyancing quote, which is often handled by a junior member of staff, can often make the difference between securing a property or not.
Why not speak to us and ask about how we can help secure your next property.