How Do You Find A Property In A Red-Hot Market?
There is already a severe shortage in the UK, but this is different…
The number of new listings is also at an all-time low.
There is currently a perfect storm for purchasers, with too few houses available in general — and even fewer up for sale than normal.
This means that for every home sold in the United Kingdom, there are now more people eager to pay top dollar and close the deal swiftly than ever before.
Such high levels of competition can discourage some buyers (whether they be owner-occupiers or investors).
However, there are things you can do to boost your chances:
🎯 Concentrate on 1–2 estate agents who specialize in the type of house you’re looking for.
🎯 Obtain pre-approval from a reputable mortgage broker.
🎯 Consider buying with cash (if possible) and then refinancing.
🎯 Work with someone like myself (it doesn’t have to be me!) who can locate properties from a variety of sources, including off-market properties.
AND…
🎯 Be patient; if you are consistently outbid, walk away and continue your search.
