For Buyers
Thinking of buying?
With property prices continuing to rise in Ireland, a lack of supply and a low level of new builds, it is becoming increasingly challenging to buy. Whether you are trading up, downsizing or buying your first home, being prepared and ready to move on your dream property is the key to success.
Before deciding to shop for your new home the following steps should be taken:
- Start saving early
- Make contact with a mortgage provider or broker
- Find out how much you can afford
- Research additional costs such as stamp duty, solicitor fees, valuation & structural survey costs
- Engage the service of a solicitor
- Obtain pre-approval or offer of loan from your mortgage provider
Since the on-set of Covid-19, sellers are leaning more towards buyers who have funds in place. This puts you in a stronger buying position and gives you an edge over offers from buyers who are not pre-approved or fully approved.
Most sellers will request “proof of funds” to be provided to the selling agent once you have placed a bid on a property. This can be a pre-approval or loan offer letter from your mortgage provider or a letter from your solicitor stating that you are in funds.
House prices are predicted to continue rising well beyond 2021 into 2022 and 2023.
We at Bradley Homes can guide you through the process with professionalism, solid advice and minimum stress.
For advice on purchasing and how to best proceed in an ever changing, increasingly competitive market contact us today on 087 171 3417 or sales@bradleyhomes.ie
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