2021 was a year where the rural market was dominated by a huge demand which outstripped a restricted supply of properties available on the market. D&R’s dedicated Rural & Agency team handled 40 transactions with a combined value of over £25m during 2021. These ranged from 1 bedroom derelict cottages to large prime arable farms and just about everything in between. The average premium over asking paid was 33% which goes to show quite how much demand there was out there during the year.
Land for planting: There has been a marked increase in the number of investors in the marketplace looking to buy land for tree planting and peatland restoration.
D&R sales last year were predominately handled on an on-market basis with a small number of private off-market deals being agreed. Acting on behalf of clients our Sales Team sold properties from South West to North East of Scotland and North West of England. Should you be considering a farm sale or purchase, our dedicated sales team is on hand to provide the expert advice that will help you achieve your objectives.
Top tips for buying & selling:
In a highly competitive market where property is in short supply and there is high demand, there are some key factors which stand you in good stead and speed up the process:
Top tips for Buyers:
■ Have your funds secured before submitting an offer- mortgage in place/principal or cash
■ Instruct a solicitor familiar with your type of property
■ Keep open communication with your selling agent
■ Clean offers with as few conditions as possible are the most attractive – e.g., surveys ahead of offers.
Top tips for sellers:
■ Instruct a good firm of agents with breadth of knowledge and a dedicated sales team
■ Instruct a solicitor at the outset to sort any early issues
■ Talk to an accountant about tax liabilities
■ Are there grazing rights or occupiers? Formalise agreements to help guarantee vacant possession
■ Before marketing, residential properties in Scotland need a Scottish Home Report, in England, you need an EPC – Energy Performance Certificate.