BUYING? WHAT TO DO?
For those who are on the move and have to purchase or who have made an irrevocable decision to up-or-down-size, you will face a market that in general has fewer properties available in all sectors. You’ll also quickly realise that the better properties are heavily contested by buyers, so you will need to move when you find the one you want.
Of course it is always easier to control that battle if you are ‘cashed up’ and are able to commit quickly to an unconditional position.
The web is a great search tool, but make sure you keep close to your preferred First National sales consultant as they will be able to keep you abreast of the market, advise on the realities of the area you are investigating and the nuances of the properties you prefer.
A big hint? Make sure your bank, this week, is prepared to back you to the value you have previously discussed, because their position changes often and over recent months too many buyers who thought they had approval to invest in a price bracket, return to the bank to find they have had ‘their legs cut off.’
Another issue to deal with is the Building Report. In view of concerns about the ‘leaky house syndrome’ such reports these days are pretty scary documents and often see buyers who would otherwise purchase fairly sound properties, scared off by the terminology in the report. Don’t succumb to this first off. Sit down, work through it with your advisors…solicitor, sales professional and if possible, get the author of the report in to a meeting with this group…you will often find that apparent major issues are not that.
Filed under: REAL ESTATE | Tagged: Real Estate