Monday, 7 April 2014

Want the perfect property? Prepare to wait...

With our three offices in Leicester, Loughborough and Market Harborough, if you looking for an estate agent in Leicestershire we're well placed to consider challenges of buying property in this buoyant market.

Andrew Granger & Co in Leicester, Loughborough and Market Harborough

The big challenge with this property market is that there is less time to make a decision to buy. The fewer properties on the market the more pressure there is for buyers to make a choice quickly.

In London alone there are sixty buyers for every property for sale!

Sadly, gone are the days of casually inspecting property after property over a number of months and then taking weeks to make up your mind. In this market blink and you will miss the good ones.

But what do you do?

The trick in this market is to know what you want and be in a position to move rapidly having a mortgage offer in principle and any property you need to sell sold or at least under offer. The curse of the home buyer is when the first property seen ticks all the boxes but there is the temptation to pass in the hope that something better turns up. Very often it doesn't and all that will remain is regret.

The thing about choosing a property (and finding an estate agent to help you look) is that because all our individual needs are unique to us alone, no property will be faultless, a ten out of ten, and few will be a nine. So seven or eight out of ten is all most can expect at best. That is why so many buyers go on to improve, extend and alter. If you demand the ten out of ten property from the start you are in for a long wait.

Need some help navigating the market? Get in touch.

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