Tips for 1st time property buyers

Embed Size (px)

Citation preview

1. Tips For 1st Time Property BuyersAs we all know the housing market is a turbulentplace. First time buyers are struggling to get their foot on the ladder and those who own and arelooking to move are put off by estate agent fees. 2. Traditional techniques for becoming a ownerrather than a renter are changing. Buying with a friend or family member is becoming increasingly popularParticipation in shared ownership schemes in on the rise 3. Whilst buying with a friend or family memberfollows the traditional route and applies to anyproperty, participating in a shared scheme tends tobe a feature of new builds. Move & Save,Estate Agents In Mansfield explain, Rent to own new builds are an ever increasingly popularmeans 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 rentalfee 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 thehigh 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 culminatedin 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 outthere and you dont want them beating you to it.Viewings can take place at any time, somaximise your opportunities by going before orafter work and on your lunch.If you are buying with a friend or familymember, designate one as chief looker. They willbe able to weed out the weak properties so you can concentrate on the stronger ones. 8. Bare in mind that new carpets, bathrooms andkitchens can be signs of superficial changes designed to mask bigger problems.Dont be afraid to ask for second and thirdviewings 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 theaccurate for the property then dont try and go intoo low to try and get a bargain. Offer the asking price if fair and youll have more chance ofsuccess. 10. Estate agents fees have been news worthy of late so make sure you do your research to find outhow much they are charging before signing up toan agency who are taking you for a ride. 11. The national average is 1.8% but cheaperalternatives can be found. Move & Save, Estate Agents in Mansfield who have helped contributeto 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 otherestate agents in Mansfield. To see what they offer and the properties they have available now, clickhere: Move & Save