Phil Spencer’s Guide To.. Buying Property

If you’re looking to make a property move this year, don’t sign on the dotted line without Phil Spencer’s advice on the buying process:

HAVE CLEAR AND REALISTIC REQUIREMENTS
Knowing exactly what you want and where you want it means you can reach your purchasing decisions quickly and buy with confidence.

AGENT RELATIONSHIPS
Have as many and as strong as possible. To get the earliest information on the best properties you’ll need to stand out from other buyers. Be organised, be on time, be committed, be available, and always be nice!

MARKET VALUE
Up to date price information on the local market is key to successful negotiation. The more you have the better you’ll fare.

MONEY MATTERS
Do not think of your mortgage in terms of a loan: that suggests an act of generosity. You are buying the money. Money is a commodity, and banks and building societies are in the business of lending it. Your task is to focus on getting the best possible terms.

SEAL THE DEAL
Never think no news is good news. Once the price is agreed it’s crucial to inject momentum into the deal. It’s far easier to keep things moving than it is to try and speed them up. Communication is vital. It’s your money and your deal – you need to manage it.

For property search or buying advice call 020 8870 6976, or email phil@philspencer.info

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