Second thoughts for homehunters
Shared ownership expert ALAN BRADLEY offers timely advice as
surveys highlight some superfast decisions by buyers and
HOMEHUNTING this weekend? It's an exciting time − and the
stakes are high since buying a home is likely to be the biggest
investment you'll ever make.
So you will probably be surprised to know that, according to at
least one new survey, homebuyers spend an average of just over 25
minutes on viewing a house or apartment before deciding to make an
And it's not just buyers. Renters are equally quick off the
mark, it seems. Half of would-be tenants will agree to a lease
after less than 20 minutes of viewing, according to another survey highlighted by the same national
newspaper, and an amazing 14% will sign up without even seeing the
Wow. That's less, we're told, than the 31 minutes that buyers
spend on looking over a car before putting down a deposit − and
only slightly more than the typical 18 minutes spent on checking
out a pair of jeans!
Those statistics probably say something about today's housing
market and the pressure on everyone who is looking for a home at a
time when prices keep going up and many ordinary people are feeling
the effects of a long-term pay squeeze.
Despite these much-reported problems, the desire to own a home
you can call your own remains as strong as ever. Survey after
survey says as much and so do the hundreds of average earners who
come to us looking for an affordable route onto the property ladder
because they're priced out of the open market.
We love to see you at our showhomes, special open days and
one-to-one visits organised with our expert sales
consultants − and to help you, wherever possible, to make your
dream of home ownership come true.
Showing you a lovely new house or apartment in the place where
you want to live is the easy part, although watching some of you
fall in love with what will become your new home is surely one of
the best bits of our job.
As part of the conversation, we'll highlight the people-friendly
room layouts, stylish kitchens and many energy-saving features in
every new home we sell − features like great insulation and
fuel-efficient boilers that will save you a small fortune in the
Affordability is a key factor for all of our buyers, of course,
and that's why we spend time talking through how the part-buy,
part-rent deal works and how the share you can buy reflects what
you can afford. And we explain how, when you're ready at some time
in the future, you can increase the share you own.
It's a lot of information to take in and that's why it's often a
good idea to go away, think about it and come back again if you
want to. We encourage all of you to do your own research, to ask
questions − lots of questions − and to take a sensible
amount of time when it comes to what, for many of you, will be a
life-changer as well as a really major investment.
We want you, the buyer, to be 100% happy and confident in your
decision − and to be equally happy and confident living in
your new Bromford home. So come and talk to us this weekend or
another time that suits you and start the conversation now.
17 October 2014