Offers on a rural Scottish property?!?

glasgowdan

Have you seen this Jessica? Ok, Lochwinnoch is pretty rough, but this seems to be outside the town.

http://www.rightmove.co.uk/property-for-sale/property-49339323.html

jessicagmail

Hi Dan, Lochwinnoch would be the dream for us, I frequently visit with my children and have never found it to be 'rough'. Unfortunately, our budget doesn't extend to the villages prices! Hence the house outside Beith. They turned down our offer though so it was not to be! ��

Thanks for thinking of us while browsing though! X

glasgowdan

Curious and interested to hear how you get on. You never know, there might be a slow sale on this one.

Crashy_Time

Elsewhere in Scotland many will be hoping for a fast sale.....


https://www.pressandjournal.co.uk/fp/news/aberdeen/1288309/rent-caps-could-be-introduced-in-aberdeen/

Crashy_Time

mubeye wrote: »

As far as I can tell, from lots of failed bids, is that if their is competition and the property goes to closing date, it will go 10% or more over. If the property is unsold after a month however, 'offers over' means less. It is meant to spur on competitive bidding. But if you are the only bidder.... then vendor is much more likely to consider the asking price.

I see property in Edinburgh, Glasgow sell very quickly for 10-20% plus HR value. Very hot markets.

More rural, holiday lets are hot, and anything suitable goes to closing within a few days.

But the more 'everyday' places outside the cities and posher towns, are much slower to sell, and often see reductions. Prices have been stagnent for years.

If there is no closing date set with multiple bidders, I wouldn't rush to bid over.

What postcode in Edinburgh is this?

mubeye

Crashy_Time wrote: »

What postcode in Edinburgh is this?

You can see the ESPC report here:
https://espc.com/media/858657/mth%20201706%20table.pdf

'Properties sold between April and June of 2017 that had been marketed as Offers Over achieved an average of 9.7% over the asking price, up from 7.8% last year.'

Leaders seem to morningside, Leith, Dalry. It states Stockbridge is down YOY, but I think there is lag, as anecdotally I have seen at least 5 properties over last month there go 10% over HR. (either my bids failing or friends buying and selling)

Kinski

Crashy_Time wrote: »

What postcode in Edinburgh is this?

The postcode in Edinburgh that I live in is like that, all four houses near me that were up for sale in the last couple of months sold within a week, that includes the house next door to me, all have gone for way over the offers over price.