Any Tips for First Time Buyer ???

[darren]

Hi all,
first time on this board due to not having been involved in property before. But I am here now for the obvious reason. First time buying.
I am viewing a new build property tomorrow and would like to call on others experience of things I should ask? As its a new build there wont be a lot of anything in there I realize that, but what else should I be looking for and asking about. Sorry the question is a bit vague but any tips or advice greatly received.
Good luck
Darren

[drew]

Hi Darren,
Take a tape measure and measure out the size of a 5' by 6'6 bed in the main bedroom, and see how much space is left.
Sometimes the show homes have 'small' furniture to make the rooms look bigger.
Many Thanks
Drew

[James Glassbrook]

Depends where you 're buying.Some countries regulate such things as insulation.Perhaps a good way to start is to see a solicitor & ask questions.
Jim

[Lysos]

Now is not the time to be buying anywhere.

[jonbyrd]

Hi Darren

I noted you had a reply telling you not to invest now. Although I do understand where that person is coming from I do disagree. Most amateur investors make the biggest mistakes. They buy at the top and sell at the bottom. Its the same with stocks and shares. When the market is rallying buyers pile in, when its falling people sell to get out, losing money every time. Now we have seen a drop in prices now is the time to start looking at getting in. No one will ever buy at the bottom and sell at the top just look for property thats in the right location and looks liek a good price. Think about who would rent it and ultimately would it sell easily in the future when you want to get out.

Good Luck
Jon

[odond]

Darren's original message dates from 2006? Doubt he is still interested?

Dee
The leading French property advisors in Ireland - French Property Ireland

[Dancho]

Hi DARREN

Invest Invest Invest but remember it is a buyers market take you time check out the area and most of all do not pay the asking price if you tell me the area i will check the value
and give you my honest opinon in the correct asking price

Good Luck Buddy

Daniel Glasscoe

Bulgaria

[hartz]

Originally Posted by darren

Hi all,
first time on this board due to not having been involved in property before. But I am here now for the obvious reason. First time buying.
I am viewing a new build property tomorrow and would like to call on others experience of things I should ask? As its a new build there wont be a lot of anything in there I realize that, but what else should I be looking for and asking about. Sorry the question is a bit vague but any tips or advice greatly received.
Good luck
Darren

I have no idea regarding this, I think u must search a gud real estate site for that

[Barkri12]

The purchase of a first home is likely to be the biggest one-time purchase in your life. There is a huge shift from living with family or renting, to owning a home. It can be an overwhelming experience and at times you may feel that you are barely keeping in step with the process. We are now at a point in our lives where our children are buying their first homes and we see the worry and signs of stress that make this FIRST BIG PURCHASE such a momentous event for them. The learning gained from buying a home and selling a house six (6) times - four different cities and two different provinces - has given us experiences that we share here with our children. The tips we can give you when going through the mind-game process of buying a home are insightful and are especially for people just like our children - first time home buyers.

Every step along the way to becoming a property owner brings a new rush of questions.

This first-time home-buying or house move torrent of questions can, at times, feel like you are fighting river rapids in a kayak. Just like novice kayaker, it is fear of the unknown in home-buying that creates the stress.

Can we afford this house?

Did we pay too much for this property?

Will we be able to make the monthly payments?

How will we pay property taxes and still have money for any maintenance and renovation costs?

Will we have a mortgage forever?

Notice most questions and fears are centered around finances. Not surprising then that this big purchase would cause you stress. Finances or Money is the number ONE cause of stress in our lives.

~Wolfe House Building Movers~

[rowlandsbb]

This is a very old thread but the question is very relevant today
For investors: now is just not the time to start the learning curve unless of course you have lots of spare money
If you do then location is paramount and you need to get in at a very low price.This means a lot of hard ground work in the country you like best
In these times the advanced economies are the best as when the buyers return they will buy in the traditional countries-Spain and France being the main ones
Also for renting be close to beach and close to golf...front line if you can
The best locations recover first!
Do not beleive agents investment projections.....that is all they are!.......research and do your own
For experienced dealers there are lots of good deals about in Spain but as you would expect the Spanish dealers get the best!!!..their country

Now for life style buyers the considerations are different

For part/full time living it is a matter of finding where you want to live and a suitable property....not all the best are on the market as owners are only selling if they have to
But with help from a decent agent you will get a good deal for a ready now or re sale

And of course we all want it to be a good long term investment and I think that the general opinion is that, whilst you may not be buying at the bottom, 2009 is a good time to buy

eg in Almeria we have a 2 bed duplex with solarium, gated complex 15 mins walk to beach, price paid by seller, 184.000 € , needs to sell so price is now 134.000 €

And we also have a lot of ready now, all types , where to sell the developer has reduced the price by 25%-3 bed Quad in Mercia down form 187.000 € to 138.000 €...and very nice it is too!

Holiday home buyers have a different outlook:- cost of financing the purchase relative to family holiday costs and convenience of having it available when you want it-for Spain it's a couple of hours so easy access for weekend trips
Again, prices are relatively low making the purchase more cost effective and with a decent deposit good mortgage terms at low interest rates are available

So all in all.....life style buyers have not had such a good selection for a long time and at sensible prices.....and ' all the prices stated on our web site...........are open to offers!'