First Time Buying in Manchester?
With the 
election over, will there be a house price boom? Labour’s proposed mansion tax on properties worth more than £2 million has drifted. Estate agents and economist are predicted a renewed interest in the top end of London. What about for the rest of the country? Lucian Cook, head of residential research at Savills predicts prices of prime properties situated outside the capital to surge by 23.9% in the next five years.
We believe properties in South Manchester will continue to rise especially in areas such as Hale, Wimslow and Alderley Edge. Our clients searching in South Manchester are offering over the asking price to secure the property. Certainly lack of supply alongside huge demand. If your in a ‘Last and final offer’ scenario, please call us…
In and around Manchester sales are predicted to pick up generally, with estate agents saying they expect a busy summer ahead as buyers and sellers who had been holding back are entering the market.
As for mortgage rates, we still expect rates to remain low. The bigger the deposit the better the mortgage rate. Best speaking to one of our advisers based in Manchester city centre to go through your options.
Taking all of the above into consideration, you must get your offer right or you will LOSE the property very quickly. The days of offering way below the asking price have gone as demand as picked up. Obviously all depends on location and how long the property has been on the market. We speak to estate agents on your behalf and act as the middle person which will help you. In addition, we may have had previous dealing with the estate agent putting you in a better position.
TIP: Be constructive and fish for as much information as possible. Do your research. Call us for any further advice…