Essential advice for first time buyers in residential property market

CORMAC SHEEHY, MD, RE/MAX PROPERTY PARTNERS

Starting your first home search can be a daunting endeavour.

In order to get a sense of what is happening out there, it might be helpful to understand what auctioneers and vendors are typically looking for when selling homes in this market.

In a market where there are several buyers also looking at the same property you are looking at it is important to show from an early stage that you are a serious buyer.

All viewings must be preceded with your proof of funds under current guidelines and after you call the auctioneer who is selling the property, (do not email ), request their email and send it over before they ask.

When you view the property bring a professional builder or engineer with you to ascertain the level of work needed if any. This will enable you to establish a budget and free you up to put an offer in that works for you.

As a first time buyer you are in a pretty good position as you do not have an existing property so can move pretty quickly.

Ensure you have a good professional solicitor who is capable of dealing in a fairly straight forward manner with the conveyancing, get a recommendation from someone that has used a solicitor in recent times.

Be open and honest with the auctioneer about any concerns you have about the property at the viewing they may be able to ease your concerns there and then or they can speak to vendors and revert.

 

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