Bat, Ball and Cucumber Sandwiches

Nothing beats a long slow sunny afternoon, deckchair at the ready cucumber sandwiches and cup of tea at the ready for a leisurely meander watching the local of cricket team play their skills.

Cricket, a traditional English game comprising two sides of eleven players, similar to the house buying and selling game which is headed by our local state agent David Jordan Estate Agents.

There are two main varieties of cricket, regular cricket and one day cricket as with house buyers you have your cash buyers and your buyers who fund their purchase with a mortgage.

The length of the match can be variable depending on the importance of the match, the important matches usually being longer. The longest matches are international ones and these are called test matches and last five days. 

Each day playing time can be eight to ten hours. The first side has their innings and scores as many runs as they can before all the batsmen are bowled or caught out. The next team then has their first innings.  Like buying and selling property it can be a lengthy process made up of many twist and turns before achieving the winning run.

Under and Over’s

As with the many stages of house buying and selling a cricket innings is divided into over’s. One over comprises of the bowler delivering six balls from the same side of the pitch and the next over a different bowler delivers six balls from the other side of the pitch.

If the batsman hits a fly ball and it is caught he is out just like being gazumped, one minute you are in and the next you are out.

Home Run and the Winning Run!

So in summary cricket is played by two sides of eleven players.

House buying and selling needs two sides one to sell and one to buy unlike cricket you may end up with many innings if things don’t go to plan and buyers pull out or mortgage offers are not forthcoming.

Each side bats or fields twice, known as an innings.

The bowler delivers balls to the batsmen made up of over’s where six balls makes an over.

The batsman attempts to score runs by hitting the ball in any direction and /or defend his wicket. If he hits the balls far enough he may get a boundary.

Like cricket curved balls can come from any direction in the world of house buying and selling that may mean a review of options.

When each team has played two innings the game is over and the team with the most wickets wins.

Unlike the house buying and selling process where there is an eventual winner for both the buyer and the seller. 

Call or email us using the details on our website  www.davidjordan.co.uk

T: 01323 898414

There’s A First Time For Everything !

Are you thinking about making that step, that leap of faith? Are you going to join those who are to become first time buyers and get your footing on the property ladder albeit it feels like a rope ladder at times swinging in the wind?

While there is a large emotional component that goes along with owing your own home and you take on significantly more responsibilities. You can also enjoy all the benefits of making your own decisions and taking pride in the results, so don’t be scared take the plunge.

Just as mum or dad used to say do your homework!

This house buying process requires research, time, dedication and application. As a first time homebuyer it can be life changing because it puts you in charge of home maintenance, repairs and taxes. 

Paying your mortgage each month is a serious obligation.  Paying on time is a big step in establishing credit rating for you to use in acquiring another property in the future.  If you apply the same organisation and determination to house hunting that you would to searching for a job or even shopping for a car you will be successful in your endeavours.

Fact or Fiction

The media continues to suggest that first time buyers get the raw end of the deal with high deposit requirements and shortage of available funds, is this strictly true?  Although the deposit for first time buyers in the main is around 10% when previously it had been 5%, the price of property has dropped and so a smaller loan is needed.

The average mortgage can be around £100,000 but repayments would be lower than those say back in 2007, with new initiatives for first time buyers coming onto the market all the time. Also providing the buying price is not £125,000 or more then there is no stamp duty to pay.

So while a first time buyer may have to find a bigger deposit lower prices and no stamp duty can balance this out, so don’t be deterred.

Jump the hurdles and get to the finish line!

Once a prospective first time buyer has faced the first and most sensitive hurdle their own fears the next hurdle is the down payment.  Be diligent in your saving and consider the following:

·         Don’t be afraid to start small.  Just because you may qualify for a large loan does not mean it is a smart financial decision to buy as large as home as possible.  Take a careful detailed look at your family budget and your housing needs before you decide how much you can really afford.

·         Don’t get caught up in finding your dream house at outset, that is likely to come two or three homes down the road.

·         Be aware as first time buyers and getting on the ladder you make have to sacrifices. Don’t be discouraged if you can’t afford a home like your mum and dad’s when you are buying your first home.

·         Keep your eye on the ball, buying a solid home you can later sell when you want in probably a few years when you may want to trade up is the end goal.

And finally be an educated buyer and do your research, understand the steps necessary before you take the plunge.  

And remember through all this process you will be in the expert hands of an estate agent David Jordan Estate Agents an estate agent that excels in all areas of the house buying process and will take you every step of the way. 

The time is now David Jordan Estate Agents is here to make it a clean run whether buying, selling or letting.

Call or email us using the details on our website  www.davidjordan.co.uk

T: 01323 898414