First-Time Buyer? Here’s What You Need to Know!

First-Time Buyer? Here’s What You Need to Know!

                                     First-Time Buyer? Here’s What You Need to Know!

The answers every newbie needs. Preparing to buy your first home may be a task in its own, but in the present pandemic situation, it may seem trickier than ever. But, let’s not worry. We have the answers you need. Are house prices going to drop? While homeowners are tensed that house prices will drop, first-time buyers wish that they would. So far, there hasn’t been a significant change in property prices. However, we can only get a clear picture once the lockdown ends, and new properties get time to come to the market. We predict that there will be a flat period for a while. Then as homeowners restart normal life, the rising demand will increase the prices like before. While we expect pent-up demand to come into effect soon after lockdown, exactly how that will affect the prices will rely on the number of properties that come to the market.

                                                         How’s the market for buyers right now?

Over the past few years, political instability has been affecting the people’s decisions about selling or buying homes. This changed when Boris Johnson was elected in December 2019. Then freely available mortgages and low-interest rates were introduced. This led to pent-up demand that caused the market to be active at the beginning of this year., leading to an 11% increase in agreed sales. We saw record-breaking traffic at One4Property.com With demand being more than supply, a 2-3% increase was observed in Preparing to buy your first home may be a task in its own, but in the present pandemic situation, it may seem trickier than ever. But, let’s not worry. We have the answers you need.

                                                               Are house prices going to drop?

While homeowners are tensed that house prices will drop, first-time buyers wish that they would. So far, there hasn’t been a significant change in property prices. However, we can only get a clear picture once the lockdown ends, and new properties get time to come to the market. We predict that there will be a flat period for a while. Then as homeowners restart normal life, the rising demand will increase the prices like before. While we expect pent-up demand to come into effect soon after lockdown, exactly how that will affect the prices will rely on the number of properties that come to the market. How’s the market for buyers right now? Over the past few years, political instability has been affecting the people’s decisions about selling or buying homes. This changed when Boris Johnson was elected in December 2019. Then freely available mortgages and low-interest rates were introduced. This led to pent-up demand that caused the market to be active at the beginning of this year., leading to an 11% increase in agreed sales. We saw record-breaking traffic at One4Property. With demand being more than supply, a 2-3% increase was observed in the asking prices. Nevertheless, despite the presence of demand and supply, sales during the lockdown, many people are still searching on One4Property and sending queries to estate agents. Should I keep looking for my first home during the lockdown? Some people want to know if it is worth searching or Listing Properties on One4Property at present and if estate agents are available right now. The answer to both these questions is yes. Since most people who were planning to sell their homes before lockdown have not taken their properties off the market, there is plenty of supply. There has only been a 3% decrease in the number of available properties after lockdown. As for the agents they are still operating, although in a limited way showing people around properties right now. You can get their assistance in sorting out things and preparing for the time when the lockdown ends. Majority of the agents are operating from home and may be a little less responsive than usual. However, if you are interested in Listing your property For Sale, To Let on One4property.com, you should definitely List to Day, Properties sell and Let faster with us. Is it better to buy now or wait until the end of the year? While it ultimately depends on your personal circumstances, we would recommend you to take your time before you start searching again. If your financial situation has altered after the lockdown, you may find it better to let the dust settle. If it is stable, you can use your spare time to continue with your plans. The government has advised us to pause all deals instead of cancelling them. Buy a Property Today www.one4Property.com is a great place to Buy or List your properties because it is a 100% reliable property listing website. If you are interested in listing your property, you can do it on One4Property.com for as low as £ 29.99 a month. What’s more, we are offering free listings untill Noveber 2021, so make sure that you make the best of it! Nevertheless, despite the presence of demand and supply, sales during the lockdown, many people are still searching on One4Property.com and sending queries to our Property Advertising Portal. Should I keep looking for my first home during the lockdown? Some people want to know if it is worth searching or Listing Properties on One4Property at present and if estate agents are available right now. The answer to both these questions is yes. Since most people who were planning to sell their homes before lockdown have not taken their properties off the market, there is plenty of supply. There has only been a 3% decrease in the number of available properties after lockdown.

As for the agents they are still operating, although in a limited way showing people around properties right now. You can get their assistance in sorting out things and preparing for the time when the lockdown ends. Majority of the agents are operating from home and may be a little less responsive than usual. However, if you are interested in Listing your property For Sale, To Let on One4property, you should definitely List to Day, Properties sell and Let faster with us. Is it better to buy now or wait until the end of the year? While it ultimately depends on your personal circumstances, we would recommend you to take your time before you start searching again. If your financial situation has altered after the lockdown, you may find it better to let the dust settle. If it is stable, you can use your spare time to continue with your plans. The government has advised us to pause all deals instead of cancelling them. Sell or Buy a Property Today www.one4Property.com is a great place to Buy or List your properties because it is a 100% reliable property listing website. If you are interested in listing your property, you can do it on One4Propertycom for as low as £ 29.99 a month. What’s more, we are offering free listings until November 2020, so make sure that you make the best of it! Contact: admin@one4property.com Tele:01782366455. Mob:07950795074.