Buying new with confidence

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.

Kelly French, 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 Kelly. “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.”

But according to Taylor Wimpey, those looking to move are still concerned about getting the right mortgage and want to minimise the hassle and cost of selling their property.

“Savvy buyers are looking for a competitive deal,” Kelly continues: “We’ve recently launched an initiative designed to save buyers time and money by tailoring a package of measures to individual circumstances. First time buyers can receive a free mortgage broker service, free removals service and get a competitive mortgage quote within just 72 hours. For those with a house to sell, Taylor Wimpey will also provide a fast valuation on their current property, market their existing home, pay estate agents fees, provide help with legal fees and take care of their Home Information Pack.”

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

DERBYSHIRE

Bryant At Hilton, Derby
Highfields, Derby
Q, Chester Green
The Park, Leabrooks

LEICESTERSHIRE

Ascot Priory, Stoneygate
Bryant At Humberstone, Leicester
Peartree View, Loughborough
The Place, Groby

LINCOLNSHIRE

Larks Meadow, Witham St Hughs

NORTHAMPTONSHIRE

Appleton Gate, Oakley Hay
Doddington Grange, Wellingborough
Mawsley Village, Northampton
Poppyfields, Corby
Seagrave Manor, Barton Seagrave
South Wood, Stanion
St Crispin, Duston
The Saddlers, Raunds

NOTTINGHAMSHIRE

Bailiwicks Court, Linby
Brackens Court, Nottingham
Bryant At Long Eaton, Long Eaton
Chaworth Gardens, Ravenshead
Chestnut Grove, Nottingham
The Avenue, Nottingham

For more information on the range of new properties currently being offered by Bryant Homes and George Wimpey across the East Midlands, visit bryant.co.uk or georgewimpey.co.uk.