Buying new could be a shrewd move

Buying a brand new home could prove a shrewd move as recovery in the property market heralds the return of gazumping and sealed bids. Estate agents this week claimed gazumping – where buyers lose out at the last minute to a higher bid – is back in some areas of the second hand market. Sealed bids are also being used for some properties where demand is high.

Tim Betts, Regional Sales and Marketing Director for Taylor Wimpey, comments: “Confidence is returning to the property market, but with this comes some uncertainty for buyers as competition for houses hots up. Buying new enables purchasers to secure their home at a guaranteed price with no danger that someone will come in with a higher offer.”

Taylor Wimpey, which builds new homes under the Bryant Homes and George Wimpey brands, has also seen an increase in cash buyers investing in property and a move towards buying ‘off plan’, where purchasers commit to buy sometimes months ahead of homes being completed.

“Both these trends signal confidence in the market and suggest that people feel buying at today’s prices is a sound investment,” says Tim Betts. “This coincides with recent reports from Nationwide that house prices rose in May and data from Hometrack which showed an increase in the number of buyers registering their interest with estate agents.”

Taylor Wimpey is currently building new homes across the West London region including:

Berkshire

Jennett’s Park, Bracknell
Loddon Court, Shinfield
The Parks, Bracknell
Buckinghamshire
Context, High Wycombe

Hampshire

Augusta Park, Andover
Bramley Green, Bramley
Limes Park, Basingstoke
Marnel Park, Basingstoke

Middlesex

Waterside Park, West Drayton
Sandringham, Ruislip

Surrey

Living @ Park 25, Redhill
Pinnacles, Woking

For more information visit bryant.co.uk or georgewimpey.co.uk.