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Buying a home in 2020

As always the steps to buying your dream home are never as simple as made out but you must begin the process to get further ahead so the best advice is to start now to buy your new home in 2020. Kinsella Estates understand the property journey so we want to share some tips on buying your home in 2020 to make the process a little bit easier. 

The all important mortgage approval is still as important as ever when you are buying a property. The Central Banks decision to not relax the mortgage lending rules for 2020 was met with some criticism but it is not going to change so the best advice is to keep working towards the mortgage deposit. Looking at properties online is a great way to determine how the market is performing and what sort of budget you will need. Local and online web portals are the best place to look for an idea of what price (the type of property you are hoping to buy) is advertised for. Remember the asking price is only a guide price and it could go up (due to bidding) so you need to be aware of this and when you have the mortgage approval talk to your local estate agent about prices and they’ll be happy to advise. 

If you are buying a new home in the south east we recommend (obviously) going online to kinsellaestates.ie where you will be met with plenty of properties to fall in love with.  Keep track of the properties you like and invest in a good quality notebook and folder to place leaflets into and print off information yourself. When you begin to view properties this will help you take notes as a lot of viewings can cause confusion – note what you liked about the property or worries you may have and then chat to the estate agent dealing with the sale. Buying a home in 2020 means it is a lot easier to view homes without having to be at the house itself as Kinsella Estates accommodates virtual reality tours, after hours appointments and weekend viewings. 

When you do view properties ensure you get a good feel for the property and if you are ever confused you can ask for a second viewing to go over things or more for that matter! It is a big purchase and obviously, a huge decision so take time to think about it but don’t take too long that the property is whipped from under your feet. While property deals may close slowly others can go through quickly and leave prospective buyers on the verge of bidding before being told the property has gone sale agreed.  

Remember bidding doesn’t guarantee you’ll get the keys to your dream home and it may take a few bids to get the deal closed and if it doesn’t go your way, you may find yourself viewing other properties again.  This is one of the most frustrating parts of the buying process but at Kinsella Estates, we understand this, so we operate a transparent bidding process to help make this process easier. Everyone is delighted when a property goes sale agreed but there is still lots of work to do with solicitors and paperwork which is totally worth it – in the end but at the time is a lot of work! Then relax (or prepare for moving) as closing takes up to 12 weeks (on average) and you’ll need to be patient! 

If you are thinking about buying a home in 2020, get in touch with us and we’ll help you in your dream home hunt. 

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718