When buying a house, a whole range of factors come into play when buying and selling a house. You may be lucky and look at a house that is poorly advertised – in this case you may be the only person interested in this house and you may be able to put in an offer much lower than the asking price. If there is low demand, you are in the driving seat – you pull the punches.
However, if alot of people are interested in the property, things may not work out as well for you. Prices can move up extremely quickly when you get 2 buyers going for the same property. If two people want the same house, the seller is in the driving seat as there will be a bidding war if both parties are serious about buying. They could offer more than the asking price if they think the other buyer will offer the asking price – therefore the seller will make a good deal!
Watchers of Alan Partridge will know that when you are trying to move house you may have to stay in a hotel for a while while things get sorted out. This can be expensive, especially if you live somewhere like London. There are a number of cheap hotels in london that would be good for this – or if you are planning a holiday, equally good to use as your accommodation. There’s heaps of activities you could do in London on holiday so finding a nice hotel is important, but it doesn’t have to break the bank!
So it is worth doing research when you move into your new home – you should expect delays so make allowances for this. Have backup plan – do you have somewhere to stay if things go wrong?
Buying a house is an exciting time but don’t let the occasion get the better of you. Plan effectively and you can keep those stress levels down.
British Real Estate – a truly dynamic market, one which has interested me and millions of others around the world for many years. This blog is all about providing you with information, tips and advice on real estate – whether it be market conditions, what to look for when buying a house, home maintenance, UK house prices…the list could go on and on. If a manage to provide you just an ounce of knowledge that helps inspire you or educate you in British Real Estate, I will be a happy man.
Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!
