7 Must Checks for First Time Property Buyers

February 21, 2018

Over the last 6 months, we are being overwhelmed by the requests from first time property buyers in Luton. Most of them are new age adult population who started running about 10 to 15 years back and I have saved enough to actually buy their home at a prime location. These young couples are ready to take risks and explore the hidden areas to get the maximum return of money. Most of them are cash ready and are looking for ready to move in homes and start the new lives. So if you are one of those people, here are the 7 pointers that we tell these new property buyers.
Don't go for under construction properties: First time buyers often find it easy to invest in the properties/ apartments that are under construction as it offers in ease of payment plan. However, we suggest always to go for finished properties and undue delays in project execution often sidetracks there plans. All the finished properties may cost a little higher, it is always worth spending because you will get to live in a new home instantly.
Calculate the closing costs: The upfront cost of buying a property must always be thoroughly calculated. It includes origination fees, title in settlement fees, insurance expenditure and related expenses.
 

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All offers made via this website will be at a discount to the open market value of your home and are subject to survey and searches.

Important: Whilst we make every effort to complete in a reasonable and quick timescale, there are sometimes circumstances that might affect the actual completion date and in extreme circumstances our ability to purchase. Our initial offer is provisional and will only be confirmed once we are in receipt of a survey and the searches and contracts are deemed satisfactory by our legal team. Other factors may affect our decision to purchase or effect the price we eventually agree. Over recent years financial turbulence and market forces from both inside the UK, Europe and the rest of the world have caused extreme price fluctuations in the UK property market. Property law is as such that until exchange of contracts takes place with the legal representatives, the transaction is not legally binding. Prior to a legal exchange of contracts we can rescind the agreement at any time if we have any knowledge or we are advised that the property is not as initially described and/or anything comes to light that may have effected its value. Alternatively, the purchase price may be renegotiated by mutual consent. In the event we rescind the agreement then all legal aborted costs and disbursements and survey fees in the transaction will be met by us. We strongly advise not to commit to any expenditure or completion dates until legal exchange has taken place