There is an air of uncertainty around 2017 property market forecasts. Some reports point to an increase in house prices, due to an ongoing lack of supply and increased demand indicating a sellers market. However there are conflicting reports focussing on the uncertainty surrounding Brexit, tax reforms affecting buy-to-let investors and changes to stamp duty that could mean that buyers will be in a position of strength in 2017.
There are however some top tips that will help buyers bag a property bargain,regardless of the wider economic implications.
In our experience, one of the best ways to bag a bargain is to really get to know the estate agent in the area you are looking to buy in. Go into the estate agent’s offices regularly, call regularly for updates and let them know exactly what you are looking for and your budget.
At Home Truths, we have our ‘hot’ buyers and the closer we are to them and the better we know them, the more likely they are to be front of mind as soon as a new property comes on the market. I will call my ‘hot’ buyers as soon as we have listed a property and before it is advertised on our website or across any property portals. This is definitely an advantage that we have over larger town centre agents as we are a friendly bunch, we are approachable and we have built our reputation on the service we provide.
Essentially, we take the time to get to know our buyers and our sellers and this is why we are consistently in the top three for quick sales within our area, because we are experts at matching our properties to the right buyers. So buyers, get to know your estate agents and the closer you become the more likely you will be the one who gets the first call when the perfect property bargain becomes available.
There are also key times in the year when the property market slows down. If you ensure that your finances are in place, whether you are a cash buyer or have a mortgage at the ready, and you wait until summer or even Christmas , you are more likely to bag yourself a bargain as the market traditionally slows down during these times.