Tips for buying a home in the current property market


Despite a rise in interest rates and cost of living, demand is still going strong in our part of the world. In fact, it is still a sellers’ market according to recent data by property analyst, PropCast, which found the counties of Rutland, Lincolnshire and Northamptonshire all in very hot markets still. Although understandably buyer demand may have dampened slightly over recent weeks, there are still plenty of purchasers keen to find their dream country house in and around Rutland, Stamford, Oundle and Northamptonshire. 

Here are a few of our top tips to ensure you stay ahead of the game when it comes to not only finding a country house, but also securing it…

Keep in touch with estate agents

With a list of eager registered buyers ready to pounce, estate agents will make them aware of what is coming up for sale before properties have hit the open market. This means that something may sell without you even knowing it was for sale in the first place. To maximise your chances of finding out about these homes, register with estate agents in the area you are looking, meet them so they are familiar with your face, and keep in touch regularly. By building a rapport, you will be kept at the top of their minds. We have recently opened a beautifully refurbished office in the heart of the market town of Oundle in the historic building of The Old Town Hall at Market Place, so do pop by and say hello to your local Fine & Country team.

View properties as soon as possible

The really good houses go within days of launching. If there’s something you like the look of, book a viewing at the earliest opportunity. There will be some buyers who will literally do everything in their power to be the very first through the door, which means you could lose out if you wait too long.

Cash is king 

Some vendors are now prioritising proceedable buyers over who is offering the highest price. Cash buyers, or those with a relatively small mortgage, not only offer a vendor a quicker sale, but they also reduce the risk of a sale falling through due to affordability issues. This is because they are not relying on a huge mortgage, which vendors are finding very desirable at the moment. If you have already sold a property and have the funds ready to go in your bank, make the estate agent aware as this should act in your favour.

Moulton Seas End

Have your finances in place

If you are relying on a mortgage, have your finances in place. Also ask an accountant to write a letter confirming proof of funds. If you would like our recommendation for an independent financial advisor, please let us know as we work closely with a small family firm who offer a wide range of products available on the market and able to find you the best and most suitable mortgage deal.

Be flexible on completion date

Vendors are also prioritising buyers who can be flexible on a completion date. This is because they may need time to find something else themselves. 

Secure an excellent lawyer and surveyor

Make sure you are paying for good advice, as this will save you time and money. Also having these appointed as your search begins can put you in good stead in the eyes of a vendor. Cheap is often more expensive in the long run, so choose a solicitor because they have a good reputation and/or are recommended. We are able to send you recommendations of ‘tried and tested’ solicitors who will provide you with a service you desire.

Don’t panic

With multiple buyers looking at a property, you can easily overstretch yourself to beat the competition. However, you should only pay a premium if it’s the right house for you. Don’t panic buy, otherwise you could overspend on the wrong place and regret it. Research the value of the house you want to buy and calculate your maximum budget – then keep to it.

Longthorpe Green

Find Out More

For more information about any of our country houses for sale, or to register with us, contact our Rutland, Stamford & South Lincolnshire office on 01780 750 200 or the Oundle and North Northamptonshire office on 01832 808 008.

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