Saturday, 11 December 2010

Tips for First-Time Buyers in the 2011 | Property Mentor

Tips for First-Time Buyers in the 2011 | Property Mentor

Buying a property for the first time in the New Year? You are not alone.

Almost 40% of first-time or amateur buyers will return to the rejuvenated property market come 2011. Rightmove.com has put the involvement of first-time buyers in the property transactions of 2011 at 25%, which is a major improvement from last year’s dull 22%.

However, buying a property is no mean feat. Real estate sharks, rogue property agents and the chance of slipping up to higher purchase offers are even more dominant in the resurgent property market than before. And relying on an inexpensive mortgage plan can be foolhardy, as the 2008 financial crisis proved.

Below are some tips that will help you stop making a bad investment and channel the right resources and finances to the ideal property purchase for any first-time buyer.

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