Selling and buying your home is a huge event, made all the more complex when markets are more volatile and understanding the nuances of the local property market is essential. Today, we will analyse the current climate of the West Lothian property market, how it presents inherent challenges, and give you more information on why Property Webb is the solution for buyers and sellers alike.
The West Lothian property market is still active, with data from Rightmove indicating 60 property sales agreed across 24 estate agents during the week ending 10th of July 2023. Most of these sales (28) involved properties priced up to £150k, appealing to first-time buyers or sellers looking to downsize. However, the market from £250,000 is experiencing a squeeze, with increased interest rates resulting in doubled monthly mortgage payments for some.
It is also worth noting we are experiencing the peak of the Summer market. This is a time when we typically witness a decline in property viewings and sales. The reason behind this drop is mainly due to potential buyers shifting their focus towards holidays and managing childcare during the school break with less focus on house hunting.
Approaching this market requires realistic pricing, excellent marketing, managing sellers’ expectations, and patience. For some properties, sales can occur quickly if these steps are taken, but it’s important to avoid panic if your property isn’t sold within the first few weeks. Understanding the market dynamics is crucial, and being realistic about longer-than-expected timeframes for closing a sale will ensure you don’t experience additional stress.
At Property Webb, we provide a realistic appraisal of how the market is performing and work closely with our sellers to craft effective marketing strategies that get homes sold. Our team is committed to honest communication and delivering results that meet our client’s expectations.
Furthermore, we believe in proactive promotion. Our innovative marketing techniques ensure your property reaches potential buyers effectively, and we work hard to understand buyers’ needs to match them with suitable properties efficiently.
Choosing Property Webb to sell your home in the West Lothian property market has numerous benefits. Our local market knowledge, tailored marketing strategies, and commitment to transparent communication yield quicker sales and satisfied clients. We are proud that so many of our homes successfully move to completion; since June, we have helped 16 new buyers move into their new homes, with a further 9 happening in the next 2 weeks. Our mission is to progress every house sale to completion and have happy sellers and buyers along the way – these recent testimonials tell us that we are still on the right track!
Some advice for our buyers – if you’re considering buying a home in West Lothian, it’s crucial to assess your needs and financial capabilities first. Consulting with an independent broker can provide valuable insight into what you can afford and what properties suit your needs best.
Whether you’re planning to buy or sell a home in West Lothian, Property Webb can provide essential guidance and support. Our experience is not gained from just selling properties; it’s also grounded in helping people make informed decisions that lead to successful real estate transactions. Feel free to reach out for any advice or queries. You’ll find us ready and eager to assist!
Although not every home sale goes smoothly, and sometimes things happen out of anyone’s control, at Property Webb, we always do what we can to resolve an issue or, if we have to, pull out all the stops to get the home sold again. Don’t hesitate to contact our experienced team for advice or assistance – we’re here to help you confidently navigate the local property market.