00:00 I think it's probably when we're speaking to first-time buyers, one of the main things
00:04 that we think they probably need to do if you're buying a property for the first time
00:07 is just making sure you're doing your homework and your research before you even start looking.
00:12 It's probably also speaking to a good independent mortgage advisor beforehand to work out your
00:16 budget and then within your budget you're looking at what your mortgage payments will
00:19 be. You might find that you can borrow a fantastic amount of money but then when you look at
00:24 the mortgage payments it's not something you'd be intrigued in taking off. So working out
00:28 your budget then looking at what you do in your life, your friends, your family, your hobbies
00:33 and then honing in your areas that you want to live in and then within that area looking at what
00:38 type of property you want, bedrooms, how many of them there needs to be doubles. One of the big
00:43 things we kind of always advise even our clients when they're buying any property is to make sure
00:47 that they write down a list of what the property's got to have, what it can't have and what they'd
00:52 like it to have and I think especially for first-time buyers maybe from people not from
00:57 Sheffield historically that maybe they don't have contacts with builders or trade people is working
01:02 out what level of project you take on if it's just a new bathroom, a new kitchen or like a full
01:07 renovation. When you've honed in then what you know what you're looking for in the budget just
01:12 don't deviate away from that. We do see quite a lot of buyers or first-time buyers especially
01:17 that are viewing houses that just aren't going to be right for them and I always think instead
01:21 of that viewing they could be doing something they enjoy. Viewing houses is always initially
01:26 a very exciting part of the process but it quickly gets boring and quite demoralizing.
01:31 It's realizing that for the house you're after there is going to be competition
01:36 and also understanding if a property's priced correctly in a lot of the areas you're looking at
01:41 it's highly likely it will hit the asking price and probably go above. So just being a bit ready
01:47 for a scrap really. We do hear buyers sometimes say "oh I don't want to get involved in a bidding war"
01:53 why would you not buy your dream house just because you don't want to get involved in a bidding war?
01:57 Chances are if you love it someone else will. So kind of get ready for a bit of a fight on that.
02:02 It's not being afraid of it if it's a bidding war it's because it's a good house at a good price so
02:06 it tends to be kind of a reassuring thing if they're out on the bid-to-own property as well.
02:12 Awesome and just to go back to the point they made about you know seeing
02:18 first-time buyers viewing houses that you know you see it and you think it's not gonna be right
02:22 for them. What kind of, how do you know what kind of house isn't right for a first-time buyer if
02:28 that makes sense? I think it's when we usually it's when they tell us which property they've
02:33 been quiet about with ourselves and then as a company we probably spend a bit more time chatting
02:38 to buyers to ask them what are their requirements what do they need what's it got to have and the
02:43 things I mentioned previously and sometimes and you do generally get it is they'll tell you the
02:47 property they want to view through us and then they describe their dream property and it's their
02:52 opposites and it's kind of that's the kind of thing is it's probably being honest with yourself
02:57 about what you're after and sometimes being honest with yourself that if it's a project house you
03:01 don't the common one is probably a property that needs a lot of work is for some people that's
03:06 their dream property because then you can kind of create your dream house with the exact kitchen
03:10 you want the bathroom you want but for someone else it can be terrifying. That's probably the
03:15 most common thing is when they describe what they're after and that has no comparison to the
03:20 property they want to view. Obviously we'll book the viewing in we're not going to probably refuse
03:24 to do it with you but it's just about using your time efficiently really. And if you were to think
03:31 of a first-time home describe what those homes look like for us based on maybe when in your
03:39 experience what first-time buyers are buying more? The typical first time I mean I think back to my
03:44 first house was a three-bed terrace in Walkley that ironically I thought needed a bit of work
03:50 and needed more than I was expecting but we still did it. Your very typical Sheffield terrace is
03:57 the most common first-time buyer home whether it's Woodseas, Hillsborough, Crookes, Walkley,
04:02 Moorsbrook, wherever but then you do get some people maybe they're not fussed about they want
04:07 low maintenance so sometimes they'll look at apartments instead but like yeah your typical
04:12 Victorian terrace and I think also when you're buying those homes maybe first-time buyers need
04:17 to remember sometimes is that it's probably a house that was built maybe in 1890 1900
04:23 things will come up on the survey it's an old house but that's kind of your typical
04:29 first-time buyer property in Sheffield.
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