A buoyant property market is great if you’ve got a property to sell, but it’s really tough for house hunters. We provided some statistics on the housing market for Foresters Friendly Society, who have produced a guide for house hunters. The resulting guide is really useful for anyone trying to buy a home in the current market.
What’s going on?
As Foresters says, and as we know all too well, there aren’t enough properties coming on to the market to meet the demand. This is pushing up prices and putting more pressure on buyers – particularly as this situation is resulting in more open house viewings.
“30 couples viewed a property in 20 minutes”
Foresters Friendly Society quotes first-time buyer Kirsty Kelly, who works for a marketing agency in Bristol and has first-hand experience of open house viewings. She said: “Last week, 30 couples viewed a property in the 20 minutes I was there. You make a full and final offer after looking at a house and then wait and see if your bid was successful. We’ve had our hopes raised and now we try not to get too excited when we see a house we like.”
Help available, right here!
For anyone who is looking for a house, or has already found themselves in this situation, the guide has some useful advice about how to get yourself in the best position to get the property you want.
Guide written by the Foresters Friendly Society.