Buying your own property to live in has a number of advantages over renting, however, it’s not for everyone.
Before deciding whether buying is right for you, make sure you consider the benefits and disadvantages.
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Buying a property at auction is becoming more popular with the growth of live online auction events. More home sellers, working with their local estate agents, are choosing to put their homes on the market in this way, which means a wider variety of auction properties are now getting the attention of not only investors, but also first-time buyers, second steppers, families and downsizers looking to make their next move.
There are lots of advantages to buying at auction. Firstly, there is the potential to get a good deal if you do your homework. You also won’t get gazumped in a busy property market.
However, before you consider buying a home at auction, it is important to know how different methods of auctions work and the timescales associated with your purchase so you can be as prepared as possible as a buyer.
In recent years, the notion of what an estate agent does, or is expected to do, has changed quite dramatically. Now, the range and level of services offered by different estate agents is very broad, depending on the needs of the seller of the property. For example, some agents conduct the viewings on a seller’s behalf, while some sellers choose to carry out their own viewings.
Use our jargon buster of useful terms related to buying a property to help you better understand common words and phrases you are likely to hear throughout the process. Ideal for first-time buyers and anyone looking to purchase a property.