As we all know the housing market is a turbulent place. First time buyers are struggling to get their foot on the ladder and those who own and are looking to move are put off by estate agent fees. This presentation from Move And Save will explain the situation and how we can help.
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Tips for 1st time property buyers
1. Tips For 1st Time Property Buyers
As we all know the housing market is a turbulent
place. First time buyers are struggling to get their
foot on the ladder and those who own and are
looking to move are put off by estate agent fees.
2. Traditional techniques for becoming a owner
rather than a renter are changing.
● Buying with a friend or family member is
becoming increasingly popular
● Participation in shared ownership schemes in
on the rise
3. Whilst buying with a friend or family member
follows the traditional route and applies to any
property, participating in a shared scheme tends to
be a feature of new builds. Move & Save,
Estate Agents In Mansfield explain, “ Rent to
own new builds are an ever increasingly popular
means of getting on the property ladder.
4. They work on the basis of you buying 25% of the
house outright and then paying a monthly rental
fee until you can afford to pay off another
percentage amount. Eventually you will own the
whole property and no longer have to pay rent.
5. Finding a property no longer involves trawling the
high street looking in estate agent windows in the
hope of stumbling upon your dream home.
Instead the internet is a fantastic resource of
searching for properties based on your own
specified criteria.
6. A survey of estate agents in Mansfield culminated
in this list of tips for finding a property.
7. ● Book to see a property as soon as you see it.
There are plenty of hungry house hunters out
there and you don’t want them beating you to it.
●Viewings can take place at any time, so
maximise your opportunities by going before or
after work and on your lunch.
If you are buying with a friend or family
●
member, designate one as chief looker. They will
be able to weed out the weak properties so you
can concentrate on the stronger ones.
8. ● Bare in mind that new carpets, bathrooms and
kitchens can be signs of superficial changes
designed to mask bigger problems.
Don’t be afraid to ask for second and third
●
viewings and feel free to take tradesmen with you
if you are looking at making alterations.
9. ● Making an offer is a the next step in securing
your property. If the price is good and the
accurate for the property then don’t try and go in
too low to try and get a bargain. Offer the asking
price if fair and you’ll have more chance of
success.
10. Estate agents fees have been news worthy of late
so make sure you do your research to find out
how much they are charging before signing up to
an agency who are taking you for a ride.
11. The national average is 1.8% but cheaper
alternatives can be found. Move & Save, Estate
Agents in Mansfield who have helped contribute
to this article start their charges at £299 plus VAT.
12. By significantly reducing their fee they save there
customers up to £8000 in comparison to other
estate agents in Mansfield. To see what they offer
and the properties they have available now, click
here: Move & Save