Owners urged to put homes on the market
Homeowners in Tayside should not be put off putting their properties on the market despite prices slumping late last year.
- By Stefan Morkis
- Published in the Courier : 14.01.11
- Published online : 14.01.11 @ 08.16am
George Solley, director of property sales at Thorntons, said the market always slows down in the run up to Christmas, which can skew prices.
He added that although buyers are still struggling to acquire mortgages, a new scheme that allows sellers to defer payment for their home reports should see more homes come on to the market.
"Homeowners were really feeling the crunch towards the end of 2010," Mr Solley said.
"On top of that, the withdrawal of close payment services deferred payment scheme for home reports left many homeowners at a loss as to how they might afford both the production of a home report and the marketing costs which are required to get properties on the market."
Mr Solley said he believes this could help kick start the Scottish property market in 2011 by "throwing a potential lifeline to those looking to move house but unable to find the up front cash for the required home report and other fees."
He added, "Although there is still a degree of uncertainty as to the market for 2011, the decline in prices has not been as severe in 2010 than 2008-2009."
Picture used under Creative Commons licence courtesy of Flickr user woodleywonderworks.
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