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Today I thought i'd do a little bit of an update about our house hunting. To be completely frank so far it has been an emotional roller coaster. We have viewed just over 10 properties now, most have been complete time wasters. Once we saw them in the flesh we realised that there has been a lot of trick photography that makes rooms look much larger or just cuts off a random 'quirky' feature (i.e a window from one bedroom looking into the next bedroom?!?!). I'm sure those houses will be snapped up by someone else, they just weren't for us.
We have had two houses that we instantly loved and ended up putting an offer in. The first house we were outbid, which was disappointing but at the time we didn't want to go any higher.
The second property we ended up matching all other bids. It was nearly perfect for us..we absolutely loved it and REALLY wanted it! We were told by the estate agents that we were in a good position for the vendor as we are first time buyers. They said the vendors kept mentioning us and that we were promising. Everything seemed positive and we actually thought it was going to be ours!
Then the estate agent started being funny.
They started to put pressure on us to get our mortgage through their broker as (according to them) all other bidders were doing the same and we may lose out. We've been warned off doing this so we stood our ground and said no. They basically said that if we do not go through their broker we will likely get turned down.
Unfortunately we didn't get the property. We feel that the estate agents may have pushed for the vendor to go for someone who was going through their broker, and making us look unappealing for choosing not to. Being young and first time buyers we feel like they were trying to take advantage of our naivety. After talking with family and doing a little research we now know what they were doing is illegal. It's okay for them to offer their services but to manipulate a buyer to sign up to it is just not right. As they get commission on mortgages that go through their broker they will push until they get what benefits them.
Sorry for such a rant, I just needed to vent but also share this experience. So now it is onwards and upwards. The house search continues but we just keep on comparing all other houses to the one that was just out of reach : (
What was your experience like as a first time buyer? Do you have any hints and tips for us?