TEN TIPS FOR FIRST-TIME BUYERS
Read the papers these days and you may believe that getting on the property ladder is almost impossible. After all, the average house price is NOW close to the £200,000 mark and, apparently, saving up for a deposit is well beyond most people’s budgets. Our options are either to scrimp for years and deny ourselves the luxuries in life or to ask mum and dad to cash in their savings or even “downsize” themselves to raise capital which they can hand over.
And it’s true; if you’ve got your heart set on starting out in a comfortable and reasonably modern three-bedroom semi with a garage and garden in a nice part of town or in the suburbs, then you probably will need to have some serious finance behind you, even if the Government’s Help To Buy initiative remains available for another 12 months.
But, if you’re a regular reader of the property press or if you keep a weather eye on the relevant hashtags on social media, you may sometimes spot a comment or two about how talk of a “housing crisis” is overblown and, if you’re prepared to do the legwork and be flexible about location, then it is still possible to find a reasonable home for £100k or maybe even less.
Some will give a derisory snort and suggest that anything for that sort of money is likely to come with its own raft of problems. But even a glance at our own property list – or those of any other agent – will demonstrate that there really are some cheaper homes around which aren’t riddled with damp or slap bang in the middle of a sink estate.
So, if you are a first-time buyer, you’ve looked at Rightmove & Zoopla, and you’ve come up with a list of half a dozen homes for £80k or under – and they ARE out there – here’s a list of 10 things we recommend you do next:
1/ Don’t rush. One of the oldest sales tricks in the book is to lead you to believe you’re one of dozens of possible buyers and, if you don’t agree a deal quickly, you’re going to miss out. Far better to move on than find out later that your first house is actually a home from hell.