The secret to successful home buying is in the timing

Buying a new home remains a sensible investment choice, especially with the housing market now showing genuine signs of recovery. But the critical issue of knowing exactly when to buy is still the fundamental key to getting a maximum return.

With new home prices at their most affordable for years and builders offering special incentives designed to help home-owners sell their current property in as little as four weeks, increasing numbers of househunters are now realising that buying conditions are perfect.

Marie-Claire Travis, Regional Sales and Marketing Director for Taylor Wimpey South West Thames, comments: “It’s important that buyers don’t allow themselves to get confused by the almost constant stream of data and news surrounding house prices.

“The bottom line is that house prices have reached their lowest for years and are now showing signs of growth again.

“This means that for almost all types of movers – whether first-time buyers or those with a current home – this is a prime time to grab a foothold on the property ladder or upgrade to a bigger home.”

Taylor Wimpey, which also builds new homes under the Bryant Homes, Laing Homes and George Wimpey brands, has seen a steady increase in buyers investing in property, particularly parents securing first homes for their children, and more ‘off-plan’ purchases for homes months ahead of them being completed.

Adds Marie-Claire Travis: “There is growing confidence in the market, so those who are serious about buying new should take the plunge.

“According to the Land Registry, average house prices in England and Wales are around 11.7% lower than they were a year ago, but rose 1.7% in July – the biggest increase in five years.

“The number of mortgages approved by banks also rose in July to the highest level since February 2008 according to the British Bankers’ Association. These are very telling signs that savvy homebuyers recognise the time to buy is now, rather than waiting to see what may develop over the coming months.”

Taylor Wimpey is helping to encourage homebuyers to take advantage of the market by offering a range of incentive schemes to suit all types of purchaser.

For example, Taylor Wimpey can arrange valuations and market the customer’s existing home; pay their estate agency fees; assist with Stamp Duty and legal fees; provide a Home Information Pack (HIP) or free removals.

First-time buyer initiatives are also available on selected homes, offering a range of ways to help customers step onto the property ladder with ease, including assisting with a deposit, helping them to arrange a mortgage, and contributing towards legal fees.

Says Marie-Claire: “As builders we are getting more and more creative with the incentives we offer and in many cases we can effectively tailor-make a package to meet very specific individual requirements.

“This summer we have helped increasing numbers of second-time buyers to sell their existing home in as little as a month, as well as offering quick and simple part-exchange deals on selected new properties.

“Whatever circumstances people are in, the situation is very positive and those who haven’t yet taken advantage of the lower cost of purchasing a home should make sure they don’t miss out.”

Taylor Wimpey offers a range of apartments and family homes at George Wimpey and Bryant developments located as follows:

BERKSHIRE
Regis Park (George Wimpey), Reading

EAST SUSSEX
Chailey (Bryant Homes), North Chailey
Egerton Place (Laing Homes), Bexhill-On-Sea
The Grange (Taylor Wimpey), Hailsham

KENT
Cricketer’s View (Bryant), Beckenham

LONDON
Axis (George Wimpey), Lewisham
St George’s Quarter (George Wimpey), Tooting

SURREY
Hinchley Wood (Taylor Wimpey), Esher
793 London Road (Bryant), Croydon
Grayshott Place (George Wimpey), Lightwater
The Copse (George Wimpey), Guildford
Wey Place (George Wimpey), Woking

WEST SUSSEX
Stone Court, (Bryant) Crawley
Wentworth Place (Taylor Wimpey), Crawley

For further information visit taylorwimpey.co.uk .