First-time buyers are having a hard time on the housing market

In a swollen housing market, there are always losers, and those are the newcomers. Homebuyers who, after all, sold their own homes with a vengeance for a record price have deeper pockets than first-time buyers coming from rental situations or from their parents' home.

The starter is trumped

Newcomers, in particular, are experiencing the problem that home financing is subject to increasingly strict conditions. This makes it increasingly difficult for newcomers to secure their own place. A home of their own seems increasingly remote as they are repeatedly outbid or even denied viewings. These situations also entail other risks. Potential buyers sometimes allow themselves to be pressured by the high demand for homes to forget the need for a building inspection. However, you should never make this mistake, as the consequences can be disastrous.

Stricter financing conditions

Current financing requirements are stricter, and that's also something that's hurting many newcomers to the housing market. With a mortgage, homebuyers are increasingly required to put up their own money, which is a problem for many first-time buyers. The income required for a mortgage is also increasing proportionally, and because the group of first-time buyers is generally young, this also poses a barrier. People with middle incomes and the self-employed often struggle as a result.

Tips for beginners

If you're a first-time buyer looking to enter the housing market, it's a good idea to be prepared. If you know exactly how much you can offer and what you need to do to secure financing, you can confidently convey this to the real estate agent, and they'll be more likely to give you a chance than if you hesitate. It's also wise to hire a buyer's agent. They not only have extensive knowledge of the local housing market but can also guide you through the decision-making process, ensuring you make sound decisions. Of course, it's always advisable to keep saving and adjust your needs to your budget.

Building inspection

Buying a home that meets all your needs remains challenging in most cases. A building inspection can provide you with much more information about the condition of your home. This prevents you from discovering things you don't like later and regretting your purchase. By having a Homekeur expert inspect your home, you'll know for sure what you're buying. Feel free to contact us.

Would you like to make an appointment for a building inspection?

The cost of a building inspection (up to 250 m²) is only €489 including VAT. We'll conduct a comprehensive building inspection and you'll receive a building report. Do you have any questions? We're happy to help and can schedule an appointment with an expert inspector right away if you wish!

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