Buying 1st Flat in Glasgow! Any advice?

jennifernil

Yes, have a look on nethouseprices, I think that is correct.

shellybelly_3

CREESLOUGH wrote:

Hiya just about to dip my toe into the housing market in Glasgow and buy my first flat. Has anyone any advice especially on conveyance, finding a good solicitor and explaining what i haved to do. I have to find a FA to see how much I can borrow. Also work out the buying process as it seems to be offers over in Glasgow to buy property. Thanks in advance for any replies :T

we bought our flat in glasgow city centre all i'm saying is try to do as much as you can yourself! We went to a mortgage br :rotfl: oker and paid well over the odds for insurance etc!!!! Shop around and remember offers over usually go for about 20% more

Hintza

So to recap you probably want to look at flats that have an offers over price of under £70,000.


You want to interogate the estate agents to find out what places have gone for in areas you are looking at and the condition they were in.

You do not want to get carried away and be bidding low prices on flats that will go for way over what you are prepared to pay. This will cost you a lot of time and money in fees. You must be realistic to what is in your price range otherwise it can be a heartbreaking experience.

This subject off offers over and estate agents expecting 20%-25% over is my major bugbear just now. I think properties should be marketed at within 10% of the expected price. Rant rant!!!!!!

zappahey

Hintza wrote:

This subject off offers over and estate agents expecting 20%-25% over is my major bugbear just now. I think properties should be marketed at within 10% of the expected price. Rant rant!!!!!!

What the estate agent "expects" is irrelevant, the 20-25% over is what the market is willing to pay and it varies depending upon how strong the market is at any given time. All the estate agent does is provide an assessment of the current state of the market and suggests an asking price pitched at a level low enough to ensure interest and high enough to get the best price for the vendor.

CREESLOUGH

Thanks to everyone who have replied. You have all provided some great points!!!

cannyscot_2

Just to add my tuppence worth -re what jennifernil said about valuations - We bought on the south side 6 months ago -the market was pretty competitive-we ended up getting a valuation -but the price went to £10k over and that was happening for all of them -we tried for about 6 -so we got mortgage based on val but had to fund difference -ie 10k between valuation and accepted sellig price.

paid £500 +vat for sol fee-weren't great but not bad GSPC sol -but re use local good suggestion as they were able on one occassion to call valuers and get valuation without us paying -which basically told us not to bother us it was far too high. Some houses were being pushed to 50% over especially if they had what seemed a low asking price and needed work -two went for 55% over but didn't seem worth it-people seemed to want things that needed work?

CREESLOUGH

That is quite amazing that properties which require upgrading are going for 55% over the asking price in south Glasgow!!

Babylonian_2

Hintza wrote:

This subject off offers over and estate agents expecting 20%-25% over is my major bugbear just now. I think properties should be marketed at within 10% of the expected price. Rant rant!!!!!!

When I last bought we had to go 45% over to get the house

CREESLOUGH

Thanks again for the helpful hints & tips. Im still looking because alot of places viewed are wanting roughly about £85,000 but they look as if they have not be touched in 15 years therefore to modernise then will cost alot more money.