Financial benefits for buyers who plan ahead

2009 has been a difficult year for all house-builders with standing stock (finished homes) to sell in a greatly reduced market.

But when these existing finished homes are gone, they are gone, and buyers should be under no illusions that current incentives and prices can be maintained on new build schedules for 2010. The window of opportunity for possibly the best bargains of the decade is short.

The current market however offers two very significant advantages for new home buyers, according to Gladedale in North East England. The very best deals ever are available on the last of the remaining standing stock; backed by continuing, incentives often including part-exchange or shared equity on some plots and free income protection insurance to bulldoze any reasons to hold back.

But as the emphasis changes to an era of fresh build for 2010 entry, other positive opportunities are emerging.

Buyers reserving now for 2010 completions will have a greater degree of choice over the location and finish of their new homes if buying off plan. Richard Jones, Sales Director for Gladedale in North East England: “It’s horses for courses really. Those looking for the best financial deals should definitely check out standing stock as that’s where they will still find the greatest flexibility on price and available incentives. For other buyers, a greater element of choice is their priority so they may choose to buy further ahead.”

For information on all developments in the North East England area, email sales.newcastle@gladedale.com, or visit gladedale.com.