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  • Published Date

    July 11, 2021
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PROMOTION Find and deliver Buying property in Norfolk is tough at the moment. Will Heigham from Garrington Property Finders discusses some of the biggest challenges property buyers are facing and suggests how best to tackle them successfully While there has been much talk about the The right team makes all the difference shortage of homes for sale, most buyers, having been through the process recently. have realised that this is only half the battle. The competitiveness of the market, pressures on service providers who support the industry, and rising house prices mean that currently, the buying process is far from plain sailing. Indeed, it is often more Before making an offer, the most successful buyers surround themselves with the best support team possible. Engage an excellent solicitor ideally recommended by someone you know and has personal experience, and similarly have a surveyor lined up. If required, work with an experienced mortgage advisor to obtain a Decision in Principle or have proof of funds from your banker, ensuring that both are aware you are looking for a property and are ready to speak to a selling agent to confirm your position as and when it is needed. In pressurised scenarios, these factors can make the crucial difference between being Will Heigham GARRINGTON precarious after a property has been found and there are many anecdotes locally of disappointed buyers, failed transactions and properties returning to the market due ability to proceed, plans for financing. timescales and, on occasion, personal eireumstances that make them more appealing. The art here is to understand what the seller is trying to achieve and to unforeseen cireumstances, How do you ensure that you purchase successfully? It is very exciting to find the perfect home, but sadly there are many reasons why this may not result in a successful transaction. Most presenting yourselfin the best position to match that ideal. successful or not. Being told that a property's buyer is going to be decided by best and final offers shouldn't really come as as active buyers. In this market, ifa property Finding and delivering Buying agents do more than just find properties for clients. Acting in the market every day, a good professional buying agent looks special then the chances are it will go will have a reassuring reputation to carry out transactions efficiently, problem solve where necessary, and skilfully guide all parties towards a successfulcompletion. Indeed, in some circumstances being represented by a buying agent can make a crucial difference as to whether an offer is accepted in the first place. A Garrington, we have over 25 years experience acting for buyers in the property market, so while the current market is not easy for anyone, whatever the challenge, we will probably have successfully dealt witha similar situation many times before. surprise to people considering reasons for a peoperty purchase to fail will imagine a poor survey and it is true that a major structural issue can this way and the time to start researching and planning an offer could even be before viewing. actas a serious deterrent. However, in the market we find ourselves, there are several other reasons for disappointment to occur. Can you avoid being gazumped? Gazumping remains a real fear for many buyers, but the risk can be mitigated by How to win best and final bids Also known as sealed bids, the competitiveness of the local market means showing commitment, havinga solicitor ready t0 act, asking to have the property removed from the open market, and booking the survey quickly. Also, throughout the diligence and conveyancing process, it is important to have excellent communication between the parties, so both are reassured that the transaction is that many selling agents are relying more and more on this tactical method of identifying a successful purchaser. Increasingly, set against a tight deadline, best and final bids feel very pressurised and difficult to play. The good news is that the successful bid is not necessarily the highest bid. Agents and vendors will consider the whole of a buyer's position including their Garrington's cosultants help buyers find and purchase properties that meet their lifestyle reguirements. Their lecal expertise and in depek keawledge of he property market assiata homehuyers to consider a wider choice of properties and purchase more effectively. progressing as agreed and if problems arise, the other side is made aware of what is being done to overcome the matter. If you are considering your moving options in the coming months and would ike further information on how Garrington can save you time and money making the right decision, contact Will Heigham: 01603 327527 info@garrington.co.uk www.garringtoneast.co.uk PROMOTION Find and deliver Buying property in Norfolk is tough at the moment. Will Heigham from Garrington Property Finders discusses some of the biggest challenges property buyers are facing and suggests how best to tackle them successfully While there has been much talk about the The right team makes all the difference shortage of homes for sale, most buyers, having been through the process recently. have realised that this is only half the battle. The competitiveness of the market, pressures on service providers who support the industry, and rising house prices mean that currently, the buying process is far from plain sailing. Indeed, it is often more Before making an offer, the most successful buyers surround themselves with the best support team possible. Engage an excellent solicitor ideally recommended by someone you know and has personal experience, and similarly have a surveyor lined up. If required, work with an experienced mortgage advisor to obtain a Decision in Principle or have proof of funds from your banker, ensuring that both are aware you are looking for a property and are ready to speak to a selling agent to confirm your position as and when it is needed. In pressurised scenarios, these factors can make the crucial difference between being Will Heigham GARRINGTON precarious after a property has been found and there are many anecdotes locally of disappointed buyers, failed transactions and properties returning to the market due ability to proceed, plans for financing. timescales and, on occasion, personal eireumstances that make them more appealing. The art here is to understand what the seller is trying to achieve and to unforeseen cireumstances, How do you ensure that you purchase successfully? It is very exciting to find the perfect home, but sadly there are many reasons why this may not result in a successful transaction. Most presenting yourselfin the best position to match that ideal. successful or not. Being told that a property's buyer is going to be decided by best and final offers shouldn't really come as as active buyers. In this market, ifa property Finding and delivering Buying agents do more than just find properties for clients. Acting in the market every day, a good professional buying agent looks special then the chances are it will go will have a reassuring reputation to carry out transactions efficiently, problem solve where necessary, and skilfully guide all parties towards a successfulcompletion. Indeed, in some circumstances being represented by a buying agent can make a crucial difference as to whether an offer is accepted in the first place. A Garrington, we have over 25 years experience acting for buyers in the property market, so while the current market is not easy for anyone, whatever the challenge, we will probably have successfully dealt witha similar situation many times before. surprise to people considering reasons for a peoperty purchase to fail will imagine a poor survey and it is true that a major structural issue can this way and the time to start researching and planning an offer could even be before viewing. actas a serious deterrent. However, in the market we find ourselves, there are several other reasons for disappointment to occur. Can you avoid being gazumped? Gazumping remains a real fear for many buyers, but the risk can be mitigated by How to win best and final bids Also known as sealed bids, the competitiveness of the local market means showing commitment, havinga solicitor ready t0 act, asking to have the property removed from the open market, and booking the survey quickly. Also, throughout the diligence and conveyancing process, it is important to have excellent communication between the parties, so both are reassured that the transaction is that many selling agents are relying more and more on this tactical method of identifying a successful purchaser. Increasingly, set against a tight deadline, best and final bids feel very pressurised and difficult to play. The good news is that the successful bid is not necessarily the highest bid. Agents and vendors will consider the whole of a buyer's position including their Garrington's cosultants help buyers find and purchase properties that meet their lifestyle reguirements. Their lecal expertise and in depek keawledge of he property market assiata homehuyers to consider a wider choice of properties and purchase more effectively. progressing as agreed and if problems arise, the other side is made aware of what is being done to overcome the matter. If you are considering your moving options in the coming months and would ike further information on how Garrington can save you time and money making the right decision, contact Will Heigham: 01603 327527 info@garrington.co.uk www.garringtoneast.co.uk