News
First time buyer commends white hot property
28 July 2008
One of the many advantages of white hot properties is their ability to attract first-time buyers back to the market. Realistically priced and with no sales chains, they’re perfect for new buyers who have been put off due to the current market uncertainty.
Robin King, movewithus founding director, said: “Many first-time buyers have the financial ability to purchase a property but with vendors taking a long time to adjust their asking prices to the slowing market, the prospect of paying over the odds is a real concern and is putting many off the process altogether.”
One of the main selling features of white hot properties is the transparency of the process. We make as much information available to the buyer as possible. We publish all valuation reports online so prospective buyers can see for themselves what a great deal they’re getting. This open approach is designed to instil confidence into the buying process - a vital element if first-time buyers are going to be attracted back to the market.
Stuart Costello, a first time buyer, had been put off buying a property since the market started to turn. After finding a white hot property in his home town of Peterborough, he made an enquiry with movewithus.
Mr. Costello commented: “I was particularly impressed with how easy the process was. All timescales were achieved and I even received some great additional incentives including £250 cash-back, conveyancing paid and 5% of my deposit paid. As a first time buyer, I’d definitely say that the property I purchased addressed all of the concerns that had been putting me off buying previously – namely getting bogged down in a long, drawn-out sales chain and overpaying.”
Robin King added: “Mr Costello’s experience is extremely encouraging. It shows that white hot properties have the ability to change the attitude of buyers who are sceptical about the moving process – especially first time buyers. We believe that, if their benefits are clearly explained to customers, white hot properties have the unique ability to attract this disenfranchised demographic back to the market.”
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