![]() I was talking with clients of mine who had decided to sell their three bedroomed home and downsize. If you’re a first-time buyer and have a deposit of around 10% and enough money to cover stamp duty, solicitors’ fees, search fees and other associated fees then you should be in a good position to bag a bargain in the current climate. It means that you can negotiate strongly for a remarkable deal as you can probably move fast with the purchase and the mortgage lenders will be more willing to lend to you money due to the size of your deposit. If you have sold your home and have a 15% to 40% deposit to put down on a new property then you are in a wonderful negotiating position – the market is in your favour. The opportunity to bag a bargain has never been better and the bargaining power is firmly In the hands of the buyer. Properties are up for sale for a multitude of reasons from homeowners desperately trying to downsize to control costs to an influx of repossessed homes. The market place is littered with private residential homes, repossessed properties and buy-to-let properties for sale. It’s a daunting time to be selling a home or property but a great time to be a buyer –it’s a buyers market! But you need to consider that first house price are depressed at present, homeowners are struggling to sell their homes, estate agents are not selling many properties, the market is erratic to say the least, Mortgage Lenders just don’t have the stomach to lend money and the mortgage market is stagnant. You may be deciding to trade up or trade down the property ladder at the moment. A typical Standard Variable Mortgage rate has dropped from 7% in September 2008 to 2.50% this month. ![]() ![]() The Bank of England’s Monetary Policy Committee has cut their interest rates from 5% in September 2008 to 0.50% last month. ![]() This means that the average house has lost £30,000 in the last year. The average value of a UK home has fallen by 17.7% during the last year from £194,953 to £160,327 according to the Halifax. Dining Area Bed Sheets Bath Mat Cutlery Small Appliances Cookware/Baking Table Duvet Facial Tissue Flatware Set Coffee Machine Cookware Set Chairs (2-4) Pillow Hair Dryer Chef's Knife Kettle sauce pans Pillow Cases Toilet Paper Paring Knife Hand Mixer omelette pan Office Area Alarm Clock Toilet Brush Slicing Knife Food Processor stockpot Desk Clothing Hangers Toilet Plunger Steak Knives Microwave pot lids Chair Drapery Towels (hand) Utility Knife Toaster/Oven Pyrex Set Lamp Drapery Hangers Towels (bath) Knife Block Blender Cake/Pie Pans Bookcase Blinds Scale Knife Sharpener Loaf & Muffin Pans Under Bed Box Shower Curtain Rolling Pin Living Room Blankets Curtain Rings Miscellaneous Mixing Bowls Sofa Curtain Liner Dining Cork Screw Measuring Cups Chair Shower Caddy Dinnerware Food Containers Measuring Spoons End Table Wastebasket 20 piece set Spatula Cookie Sheet Coffee Table Coffee Mugs Can Opener Floor Lamp Tea Cups Cutting Board Linens Serving Bowl Ladles Dish Rags/Towels Bedroom Serving Platter Tongs Tablecloth Bed/Futon Glassware Colander Oven Mitts Night Table water glasses Veggie Peeler Pot Holders Dresser wine glasses Fire Extinguisher Placemats Table Lamp Curtains/Rods Laundryįirst Apartment Essentials Checklist Basic Furniture Bedroom Bathroom Kitchen 1 Kitchen 2 Kitchen 3ġ First Apartment Essentials Checklist Basic Furniture Bedroom Bathroom Kitchen 1 Kitchen 2 Kitchen 3.The news so far is that some Estate Agents have indicated that the property market looks to be stabilising. Example: bankruptcy Search First Apartment Essentials Checklist - Squawkfoxįirst Apartment Essentials Checklist Basic Furniture Bedroom Bathroom Kitchen 1 Kitchen 2 Kitchen 3. ![]()
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