In a property market as lively as ours, it’s often a race against the clock to secure your dream home. That’s why it’s important to be ready to pounce as soon as the perfect property becomes available.
In this blog, we’re going to explore just three ways first-time buyers and home movers can get ahead of the competition.
Be ‘mortgage-ready’
By securing a mortgage in principle, you’re proving to vendors that you can afford the property. You’ll also save a significant amount of time – time which can now be spent arranging additional viewings, negotiating with agents or arranging specialist services, such as conveyancers and surveyors.
Remember, a mortgage in principle doesn’t necessarily mean that a bank or building society will lend you the money. Once an offer has been accepted, the lender may need to make adjustments.
Cash buyers get ahead of the rest
First-time buyers are more attractive to vendors as they come with no baggage. That is, they don’t come as part of a property chain – where home sales and purchases are dependent on the success of other transactions.
If you are a cash buyer, make your advantageous situation known to both the property agent and vendor.
In a chain? Ensure your link is taken care of first
If you’re not in a chain, great. But if you are, this tip will help you move forward faster.
According to the HomeOwners Alliance (HOA), vendors are more likely to take your offer seriously if your own property is under offer.
That means getting your home valued, placed on the market, and securing a buyer all before searching for a property of your own.
By taking care of your own link, you are strengthening your position and potentially speeding up the process – all while avoiding a dreaded collapse in the property chain.
Get advice today
For more help and advice on buying your dream property, get in touch with our property agents today.
