Spend More Time, Spend Less Money - Advice for First Time Home Owners

A survey taken out by Which? has shown that out of 1,990 home owners from the British Public, those who spent longer looking into their property before buying got a far better deal than those who bought before the first viewing.

It works like this, taking your time and pacing yourself allows you to find any potential problems with the home. A lot of the time, these problems can be dealt with; problems with the windows, scratches on the walls etc. But finding problems and faults with the properties like the above is almost guaranteed to help you get a reduction of the asking price which you can then negotiate in your favour.

The results speak for themselves, 71% of buyers who spent over an hour and a half in a home they have bought paid below the original asking price, for a variety of reasons. Although in competitive areas especially, it can be difficult to get a longer or second viewing, in most of these cases where buyers spent 10 minutes or viewing their homes, 52% paid the full or in some cases, due to competition, above the asking price.

A shocking 9% of buyers across England and Scotland bought their homes without even going for a viewing. It goes without saying that these buyers did not get what they paid for. Mainly younger, first time buyers spend substantially less time viewing their homes before buying and miss out on checks for things such as cracks and damp. Because of this you are more likely to be spending far more on your first home than you should be.

Looking into buying your first home? Get in touch today, or visit our website - http://www.onlineestateagents.org.uk/

Sales from First Time Buyers Goes Up!

According to recent surveys and studies carried out by NAEA (National Association of Estate Agents) 26% of house sales in the UK which is just more then a quarter were to first time home buyers in April. Figures show that sales are in fact up by 22% in March, according to Aprils Housing Market Report from NAEA. However due to increasing prices many estate agents are warning it will become harder for first time buyers in the future.

93% of NAEA agents cannot see the potential for first time buyers having substantial cut through in the market in the next 5 years which is quite disappointing if you are in face a first time buyer. Not only this a further 55% of agents recon house prices will continue to increase making it even more difficult for first time buyers and pushing them out of the market.

The managing Director of NAEA has said "‘The market is notoriously tough for first time buyers. House prices continue to increase and lenders have tight and restrictive lending criteria,’ he also explained that ‘Whilst this month’s figures are positive and a step in the right direction, I’d like to think that with the help of 200,000 new starter homes and the Help to Buy ISA, first time buyers will be given even more help to get their foot on the ladder, however these things may take time to come to fruition,’

With the Conservatives who pledge to build 200,000 new starter homes this has created some great news for the housing market. Also 41% of agents believe that with help from the Help to Buy ISA will be very beneficial to first time buyers, giving them a better opportunity to save up for their home.

All the figures and information provided in this article has been sourced from: http://www.propertywire.com/news/europe/uk-first-time-buyers-2015060410590.html

If you're buying a home for the first time, we would like to recommend visiting Open House Online Estate Agents who provide an excellent service, ensuring they do all the leg work for you to make your buying process as stress-free and smooth as possible.

Open House Estate Agents have network coverage and local expertise which allows them to fully understand all your property requirements, making them a number 1 choice for buyers.

Whether you need advice on buying a home or help arranging a mortgage they are there to help.

www.onlineestateagents.org.uk

Help For First Time Buyers | Open House

Summer is the perfect time to sell your property. Open Housing both give you the chance to buy and sell your property as it aims to offer a site that can cater to all in the property market. Based in the Uk they can cater to all as they can show properties in all different areas as they aim to show property in every area of the UK. Whether you’re an experienced property hunter, relocating, or looking for your first rental home; Open House online estate agents has helped all kinds of tenants to find a property to suit their individual needs and lifestyles. So, why not come and use Open Houses search system and find the perfect property in your area today with their innovative and brilliant property market place today and find the home of your dreams.

From first time buyers to property developers they will aim to cater to all with their service, in order to make sure that everyone is happy with their service overall. Unlike some other high street and online estate agents, providing a high quality service is their top priority; so if you need some advice about buying house or arranging a mortgage, they will be more than happy to help with their vast knowledge about the property market. They will also offer services such as services tailored to your personal requirements including; mortgage advice, insurance, conveyancing and removals. Open House aim to help all sellers, buyers, first time buyers, landlords and many other people to make sure that they can offer their service to all.


Here is a testimony from one of their previous clients:


Sarah Button: '' As a first time buyer me and my husband were worried about buying our first property together. But with the fantastic help from Open House I was able to find the perfect home and at a reasonable price, as they were able to keep me below my original budget. Overall, Open House was able to make me very happy with their service and i would highly recommend them to any first time buyers.''


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