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Don’t lose your way in the property market minefield

Whether you are buying or selling, picking your way through the property market can be a challenge – particularly if you are doing it for the first time.

There are so many things to consider from the outset that it is tricky to know where to start.

Stepping back and thinking clearly – and taking some expert tips on board – can help to make your journey a lot easier, not to mention less stressful.

Independent estate agents and valuers Harrison Murray work with first time buyers and sellers on a daily basis – and are able to offer professional and practical advice.

Harrison Murray’s Top 5 tips:

– Plan your sale. If you have a home to sell, it is important to try and find a buyer for your property while you are looking for your next home. So often people miss out on their dream home because they have fallen in love with a property but have not been in a position to buy – losing out to someone who has a buyer for their property and already has funds in place.

– Be realistic about your pricing. Listen to the advice of a NAEA (National Association of Estate Agents) member agent – like Harrison Murray – who should value your home at a realistic price. At the end of the day you want to sell your home – so the highest asking price isn’t always going to be the right price.

– Show off your home. Preparing your home to be photographed for estate agent’s details is as important as getting it ready for potential viewing. Good photos will initially attract potential buyers starting their search, and once they walk through your door they will expect to see a de-cluttered, tidy and loved property. Simple ways of improving the aesthetics of your home, with a lick of paint and a general spruce up, can make the world of difference.

– Do your homework. Have an idea in your head of what kind of property you are looking for and in what location. What are your reasons for moving? For example, if good schooling is important, visit the local schools and source their performance results. Take a drive around the area you are considering moving to to find out about road links, local amenities and what the surrounding area has to offer.

– Keep your finances in order. It is essential to know how much you have to spend and to be realistic about what you can afford. Speak to an independent mortgage advisor to find out about the current deals available. Also take into account any additional expense you may incur, including fees, removal costs and any subsequent changes you may want to make to your new home.

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