Contact our offices
Main office
COLBURN
5 & 6 BAILEY COURT
COLBURN BUSINESS PARK
RICHMOND
NORTH YORKSHIRE
DL9 4QL
Estate Agency Offices are located in
BARNARD CASTLE, BOROUGHBRIDGE & RICHMOND
Residential Management Team
Our Offices
Research has revealed that many first time buyers do not know enough about the core buying matters in the current tough housing market, where competition for homes in popular areas is fierce.
Buying a Home – A “Step by Step” guide
The RICS have developed a ‘Buying a Home’ Guide which offers clear impartial advice and support on all of the issues associated with the buying process, including what to expect when instructing a conveyancer / solicitor, the mortgage process – including the strict lending requirements – and what financial support is available and where. Plus, why it’s important to commission a Home Buyer Survey before purchasing a property as this can reveal if a home has any faults or urgent defects that may affect its value.
The guide highlights the different types and most appropriate Home Buyer Surveys, based on the type of property being purchased. If the survey report discovers any issues such as structural problems, damp or decay, it allows for an informed decision on the next steps, which could include negotiating a reduction in the asking price, or even withdrawing an offer if the seller refuses to lower the price or pay for the repairs.
Do Your Research & Get Saving
It is vital to carry out plenty of research and look around sufficient properties to get a feel for the local market and what is going to be a realistic price, should an offer be placed.
Saving up as large a deposit as possible is also worthwhile, as this will not only help to secure a purchase, but also the best mortgage deal, with a lower interest rate. It’s worth noting that mortgages are now available again up to 95% loan to value (LTV) and the most popular for first time buyers is a 30 year term rather than the historical 25.
If you are thinking of purchasing your first home, visit your local GSC Grays office. Our friendly agency team will take the time to understand your criteria and have a wealth of local knowledge and experience to advise you and guide you through the buying process.
We also work closely with local independent financial advisors Parnaby Evans, who search the whole of the UK mortgage market to find the right deal for you and meet your individual needs.
As part of our General Professional team we offer a Homebuyer Report service, providing extensive information including advice on repairs and ongoing maintenance, issues that need to be investigated to prevent serious damage or dangerous conditions, a professional opinion on the ‘Market Value’ of the property, as well as a list of problems that the surveyor considers may affect the value of the property.
[team-member name=”Rachel Morris”]