PROMOTION Find and deliver Buying property in Essex is tough at the moment. Toby Ridge 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 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 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 Successful or not. Toby Ridge GARRINGTON 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 presenting yourselfin the best position to 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 match that ideal. Being told that a property's buyer is going to be decided by best and final offers Buying agents do more than just find shouldn't really come as as active buyers. In this market, ifa property looks special then the chances are it will go will have a reassuring reputation to carry out this way and the time to start researching and planning an offer could even be before viewing. Finding and delivering properties for elients. Acting in the market every day, a good professional buying agent 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 transactions efficiently, problem solve where necessary, and skilfully guide all parties Dowards a successful completion. Indeed, in some circumstances being represented by a buying agent can make a crucial difference as to whether an offer is accepted in the fiest place. At Garringson, we have over 25 years' 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 showing commitment, having a solicitor ready experience acting for beyers in the property How to win best and final bids Also known as sealed bids, the competitiveness of the local market means that many selling agents are relying more and more on this tactical method t0 act, asking to have the property removed from the open market, and booking the survey easy for anyone, whatever the challenge, we 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 market, so while the current market is not 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 will probably have successfully dealt witha similar situation many times before. progressing as agreed and if problems arise, the other side is made aware of what is being done to overcome the matter. Garringron's coiultants help buyes find and parchare praperties har meer hir ijestyle reqairements. Their local expertiae and in idepth knowledger of the property marker asist homebayers to consider a wider cholce of properties and parchase more effeetively. 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 Toby Ridge: 01245 905377 + info@garrington.co.uk www.garringtonsoutheast.co.uk PROMOTION Find and deliver Buying property in Essex is tough at the moment. Toby Ridge 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 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 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 Successful or not. Toby Ridge GARRINGTON 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 presenting yourselfin the best position to 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 match that ideal. Being told that a property's buyer is going to be decided by best and final offers Buying agents do more than just find shouldn't really come as as active buyers. In this market, ifa property looks special then the chances are it will go will have a reassuring reputation to carry out this way and the time to start researching and planning an offer could even be before viewing. Finding and delivering properties for elients. Acting in the market every day, a good professional buying agent 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 transactions efficiently, problem solve where necessary, and skilfully guide all parties Dowards a successful completion. Indeed, in some circumstances being represented by a buying agent can make a crucial difference as to whether an offer is accepted in the fiest place. At Garringson, we have over 25 years' 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 showing commitment, having a solicitor ready experience acting for beyers in the property How to win best and final bids Also known as sealed bids, the competitiveness of the local market means that many selling agents are relying more and more on this tactical method t0 act, asking to have the property removed from the open market, and booking the survey easy for anyone, whatever the challenge, we 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 market, so while the current market is not 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 will probably have successfully dealt witha similar situation many times before. progressing as agreed and if problems arise, the other side is made aware of what is being done to overcome the matter. Garringron's coiultants help buyes find and parchare praperties har meer hir ijestyle reqairements. Their local expertiae and in idepth knowledger of the property marker asist homebayers to consider a wider cholce of properties and parchase more effeetively. 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 Toby Ridge: 01245 905377 + info@garrington.co.uk www.garringtonsoutheast.co.uk