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If you own property, you might not think the plight of the first-time buyer (or FTB) is of great concern to you. However, the market is closely linked, and if these buyers are unable to engage the market in the way they should, there will likely be problems in the property market.
It wasn’t so long ago that the property market was focused on people moving out of the city to rural areas. It seems as though that trend is changing, with buyers drawn to a metropolitan lifestyle again.
How long does it take to move house?
There are lots of things to consider when moving house. Find out more about each stage of the house buying process and things you can do to help it move smoothly.
At Thomas Morris, we are delighted to say we work closely with many buyers and vendors. We know what people are looking for in a property, and we know what constitutes a dream home for many people.
With the stamp duty holiday over, it is likely first-time buyers (FTBs) will come back to prominence in the housing market. With so many existing homeowners engaging the housing market in the past year, the proportion of FTBs buying property was lower.
The importance of researching online shouldn’t be overlooked, and this is likely to be a key factor in the figures which follow. With good property listings, high-quality images, video content, and as much information as you feel is relevant, vendors can present their property in the most effective way.
Space is vital, and it is fair to say many people are looking for additional room at home. If this sounds like you, you’ll likely have been looking at the cost involved with moving to a home with an additional bedroom.
In the long-term, it is easy to see why many people and households are keen to buy property. Paying money each month to a landlord, as opposed to placing it towards an asset of your own, isn’t ideal for many people.
The design and layout of a home has a massive role to play in reaching out to buyers in a competitive marketplace. At Thomas Morris, we are pleased to say we are experienced in staging homes, and we have connected many buyers and vendors in the industry.
If you’re planning a wedding and a property purchase, you are likely very busy, and enduring an expensive time. Thomas Morris is here to help on the property side, and if you would like to arrange an appointment, please get in touch.