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Home | Edinburgh First Time Buyers | Buyers Guide | Finding out what the market is like
Once you know what your budget is, then obviously you will want to know just what you can buy for your budget. And this is where it is important to know what the property market is like in and around Edinburgh.
It is obvious, but still worth pointing out that a one bedroom flat in Edinburgh’s New Town can cost considerably more than a one bedroom flat in Leith. So, it is going to always be a trade-off between want you want in an ideal world and what you can in fact afford.
In 2018 property prices in Edinburgh rose quite steeply. It was not unusual for properties to achieve 10 to 15 per cent over Home report value and often more than that for properties within the usual price range of first time buyers like you. It was certainly tough as a first time buyer in 2018.
We are seeing the same thing in 2019.
But whatever time you are buying it is important to know what the property market in Edinburgh is like. And remember, your mortgage will be based as a percentage of the home report value rather than the price you will probably pay.
We are experts in helping First Time Buyers in Edinburgh.
It’s a tough market for First Time Buyers in Edinburgh at the moment but we are sure we will be able to get you your first home. And we offer a great value fixed fee to give you a little extra help.
Since we buy and sell properties all the time, we can give you the advice you need to make sure you are looking in the right areas of Edinburgh and for the right type of properties in the right price range.
We will also be able to find out more about the properties you are interested in and advise on the right time to make an offer, and if you have to offer at a closing date, we can give you our opinion of what we think the property will achieve so that you have all the information you need to help you decide what price to offer.