Rent To Buy

November 27, 2008

Happy Home Owner

For many first time buyers, the idea of buying a home seems like a far and distant dream. With demands of unrealistic deposits on homes, and the increasingly difficulty in getting a mortgage, the thought of buying a property has reached a standstill for many. Yet, does buying a house really need to be so difficult? When you have a decent job and a steady income, buying a home should not pose such a big problem. Increasingly, potential buyers are turning to the rent to buy market, which has proved beneficial for both buyers and sellers in the current market. [Read more]

Auction Houses Make A Comeback

November 3, 2008

With the housing market falling, more and more homes have been repossessed with owners struggling to keep up with payments. The increasing amount of repossessions has given first-time buyers the chance of getting on the property ladder, as auctions are making a comeback.

Auctions used to be a way for home owners to sell a house in need of a lot of renovation and repair work. They slowly declined over the years, as the cost of surveying fees and solicitor fees, as well as research time proved to be unpopular with investors. With the amount of repossessed homes increasing by almost half in the recent months, more and more homes are being sold on the auction table. This is opening many doors for first time buyers who may just be able to get a deal that they can afford.

Auctions are proving to be the answer for both buyers and sellers in the housing market today. Sellers who have been unable to sell homes through real estate agents are turning to auctions houses for help. The auctions are seeing a greater range of prospective buyers including investors and first-time buyers hoping to get a good deal.