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Hunters Estate Agents in Tenterden

Hunters Tenterden Buyers Guide

It’s of course a truism to say that buying your own home is a long-term financial commitment, but here at Hunters Tenterden we want to try and ensure that you get the best deal possible on your perfect home. We’ve put this Tenterden buyers guide together to furnish you with all the information that you’ll need to head out into the market, including property prices, tips on budgeting for a mortgage, and negotiating the best deal.

Property Prices in Tenterden

Currently, the average value given on all properties in Tenterden over the past 12 months stands at £401,396 (down -1.68%)

By property type, the average values of Tenterden houses break down as follows:

Detached

£515,601 (up 0.53%)

Semi-detached

£299,019 (up 0.55%)

Terraced

£285,182 (down -0.77%)

Flats

£220,413 (down -2.01%)

Understanding Your Budget

House hunting is a riveting experience. As a buyer, you will go from property to property, fantasising about your new life in each, thinking about the neighbours and the neighbourhood, and letting your imagination run wild. As such, it’s not unusual for people to attend viewings of homes which they know are right at the upper end – or even out of – their price range. What’s the harm, right?

Well, there is no harm, just so long as you know exactly what you can and can’t afford – your dream home can very quickly transform into a nightmare if your mortgage commitments suddenly mean that you have to sell your car, go on a half-calorie diet, turn off the heating and shower in the rain just to afford it.

We recommend using a budget calculator to help you work out all of your outgoings over the course of a year. Your mortgage payment will come out of what’s left, so make a decision about what you want to pay, giving yourself some leeway for unexpected expenses that life inevitably throws up.

Choosing A Mortgage

Making sure you’ve secured a mortgage before you start your property hunt is best practice. This is because you want to be able to place a bid as soon as you see something you like so as not to lose out to a more organised buyer.

You also need to consider that if you can’t come up with at least 15% of the property’s value yourself, then you will be charged a Higher Lending Fee from your mortgage provider, essentially meaning that you will be paying more for taking out a higher loan.

Finding The Right Property


 

When going on the property hunt, your budget will of course determine many of your options – and here at Hunters Tenterden it’s our pleasure and our job to ensure that we match you with many properties that suit your budget and requirements. And so, you will need to consider exactly what your requirements are with regards to the following:

  • The number of bedrooms you will require

  • The number of bathrooms

  • Whether you want a separate kitchen and dining room

  • If you need parking

  • Whether you want a garden and/or a conservatory

  • Your budget for redecorating

Negotiating The Best Deal

Once you’ve found your ideal home and have organised a mortgage, the time has come to put in an offer. Consider your budget carefully. Set yourself an upper limit that you can comfortably afford, and stick to it at all costs. If a seller won’t budge on price, then you must be prepared to concede defeat rather than making an offer that might financially cripple you a couple of years down the line.

There are situations, however, where you can gain the upper hand. Firstly, having a mortgage secured puts you in a great position. Second, if you are not caught up in a chain, then you’re also good, as you represent fewer complications to the seller, as you’re essentially ready to buy and move in – you can often negotiate a better deal under these circumstances. Though be aware that if the seller is in no rush to sell, then it’s likely that they will be happy to hold out for longer to get a higher price.

hunters estate agents tenterden
hunters estate agents tenterden

Contact us

Hunters Tenterden
102 High Street,
Tenterden,
Kent,
TN30 6HT
Sales: 01580 763 278
Email: [email protected]

Contact Hunters Tenterden





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Your New Home? Converted Four bedroom schoolhouse on The Moor, Hawkhurst. Call 01580 763278 to view Tenterden £635k https://t.co/TDjQGroXwZ

Tue Jul 05 17:29:13 +0000 2016