9 Tips For Buying And Selling Property

1.The Buyers Agent 2.The Budget 3.Lenders Mortgage Insurance 4.Recurring Payments 5.Joint Ownership 6.Valuations 7.Bridging Loans 8.The Real Estate Agent 9.Auctions

- Julia Newbould, Susan Hely And Nicola Field

SPRING IS traditionally the time for buying and selling property. This year we’ve experienced rocketing real estate prices with a scarcity of available properties but perhaps with the arrival of spring, change is in the air.

Successfully buying and selling property entails becoming familiar with aspects of the process you might not have considered before. We asked around the office and came up with nine buying and selling tips you most need to know more about. Here’s one example: is it better to hold property as tenants in common or as joint tenants?

And buyers agents – the popular UK TV show Location, Location, Location for aspiring home buyers has brought these industry experts into the limelight, but who can most benefit from their knowledge and what are the costs involved?

There are also costs involved in entering the property market that you might not have considered, yet they could very well tip the scales to making a property unaffordable. This is where a comprehensive budget comes in. We also look at lenders mortgage insurance, and what it means for you.

If you’re selling a property, there are other factors to consider: choosing a real estate agent, valuing your property, and – a big one – should you go to auction?

Good luck to those who are about to enter the property market, whether you’re buying or selling. The valuable tips in our cover story and this spring property issue as a whole are designed to make the process easier to navigate for a successful outcome.

1 THE BUYERS AGENT

Call in a specialist to do the groundwork