News
New property site launched focussing on incentives for first time buyers
16 January 2009
Property specialist movewithus has relaunched their acclaimed ‘whitehot property’ website, consisting solely of properties without sales chains which are being sold on behalf of home builders and lenders.
movewithus say that they have introduced a number of features that are unique among property portals. One such feature is the ability to search properties by ‘buyer incentives’ such as cash towards a deposit or stamp duty paid. movewithus say one in five properties on the site include at least one buyer incentive, making them ideal for first time buyers needing help with the cost of moving.
The site was originally launched in mid-2008 to sell repossessed and part-exchange properties. This type of property is one of the few that has retained its popularity during the market downturn due to the urgency of the sellers to sell. This is reflected in the prices of the properties and the number of incentives included to attract buyers.
Robin King, movewithus founding director, said: “We truly believe that whitehot properties are the very best deals for home buyers in the current market. By setting strict parameters on the type of property we include, buyers know that they’re getting the very best deals available.”
Robin King believes that this type of property represents a route back to the property market for first-time buyers who may want to take advantage of low prices but are apprehensive about securing a deposit.
Robin King said: “Home builders and lenders are feeling the pinch at the moment, which is why they're pricing their properties to sell to maintain a steady income. Many also have additional incentives, such as deposits paid, which makes them perfect for first time buyers. attract buyers."
However, Robin King believes that buyers need to take advantage of the affordability of this type of property in the next few months to avoid missing out.
Robin King explained: "The first quarter of 2009 is the optimum time for cautious buyers to return to the market and take advantage of low prices. By late spring next year, home builders will have sold most of their part-exchange stock. Also, the number of repossessed properties for sale will have fallen dramatically as the Government implements measures to reduce repossessions. For the next six months, it's going to be a buyer's market. After that, the pendulum will swing back to sellers."
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