The process of purchasing the house may seem daunting and seem to never end. Find our top 10 house buying tips to make purchasing your next home easy.
1. Get to grips with the most important concepts
Many people don't understand the terminology involved in buying a house or the reasons that drive the process. It is crucial to be familiar with the conditions and terms before you send an offer. This will help ensure that the deal goes off without a hitch.
Our glossary can be consulted to learn about the key phrases and definitions that pertain to buying the house. This will make every step of the process easier.
2. Calculate the cost of purchasing a house
When you purchase a home the expenses aren't only limited to the deposit. It is crucial to take into account all the costs that come when purchasing a home when the process of determining your budget.
If you are a First Time Buyer and you are renting a furnished apartment, there will also be the cost of purchasing new furniture to consider. You may want to check out Freecycle that provides furniture for free in your local area.
3. Sell prior to buying
It's exciting to look for a house. With the many online brokers available to choose from, it could be tempting even to search for your ideal home while your home is being sold. You should not be enticed by an item before you've discovered a buyer. If you don't, you might miss the chance to purchase the home of your dreams to someone with the funds.
While it's more lucrative to sell your home before you buy, it could also be costly. In many ways it can actually be more convenient to purchase an apartment as a first Time Buyer, as they only have to deal with one transaction.
4. Get a mortgage 'agreement in principle'
You must get an "agreement of principle" prior to purchasing a house. It is a formal confirmation in writing that outlines the amount your lender is prepared to loan you to purchase a property. Having an 'agreement in principle' may give you an advantage over other potential buyers because sellers will know you are a serious buyer and have the necessary finances, giving you the best chance of securing the house you have made an offer on.
It's not the only thing. Knowing how much a mortgage lender will allow you to take out can give you an idea of the maximum amount you can afford to spend on house looking.
5. Go to the neighborhood (at various times)
After a long day of moving it is not something you'd like to do is settle in for your first night in your new residence. It is important to see your prospective property several times and at different times during the day.
Walk around the neighborhood and chat to the people. Look for local shops, cafes, and parks. You'll be able to feel at ease in your new home. It may be beneficial to research the schools options in your area according to how long you plan to stay.
Remember to take photos inside properties when you view them because by the fifteenth viewing of a house, they will probably have started to all merge into one. Taking photos will ensure the properties you view are in order when you go back over your visits later. It is also possible to examine the pictures in the event that you forget to inspect something. The seller may not be thrilled by the constant checking of minor things.
It is also recommended to visit the government's Planning Portal to see if any major building work is scheduled. This will allow you to see whether there are plans to decrease the value of your home , and the enjoyment you get from it.
6. Research how much to offer
As well as being a great way to search for potential houses, online property searches will show you what houses in the region have sold for or are currently available for. It will give you an estimate of the price you can offer for the house that you're interested in, as well as the highest amount it is likely to be sold at in the region. Sites such as Zoopla and Rightmove can be a great place to start your search.
The findings outlined in the report from your house survey may provide an opportunity to renegotiate on the purchase price, as it will indicate any structural problems and how much it will cost to repair. Additionally, a valuation can be included in the report to make sure that you're not over the value that is currently being offered for the property.
7. Request the seller to remove it from the market
You can offer to buy your dream house even if it's not being offered for sale. This eliminates the possibility that someone else might make a better offer, and prevents you from being gubbed even after you have completed the transaction.
8. Use only professionals
After you've received your offer, you'll need to hire an attorney for conveyancing to deal with the legal and paperwork aspects of the transaction. It is also necessary to schedule a survey to take place and then hire a removals firm to protect your possessions during the day of the wedding.
Although it may be tempting to view the mortgage Valuation as enough, it is important to obtain an independent report by a RICS surveyor for a detailed inspection of the condition of the home.
It is important to ensure that the companies involved in your move are competent and reliable. We at reallymoving only collaborate with reputable and well-established companies to give you confidence in your choice of experts. You can also read their genuine customer feedback through us.
Between the time you put an offer on a home until the day that it is completed the best thing to do is not travel away for vacation. Be aware of the your progress and seek out help when you're not sure or unclear. It is crucial to never ignore any information you don't understand. The time frame for purchasing homes can be different - factors like whether you're in the chain, to a rental contract, or have a limited budget can affect how long it takes to get your house. Be patient, and especially as you approach the finish line, take comfort in the fact that you'll nearly be finished with all of the paperwork!
10. Book your movers
You should book a date in advance and find a team that can handle all your belongings. Be aware of any furniture that needs to be taken apart and then reassembled. Make sure to pack any damaged objects with care. Be sure to allow access for your movers , and be sure to inform them if you're located on a higher floors (and if there's no lift!). There's no reason buying an apartment should be stressful, and by booking in advance, you can ensure your move is stress-free too.
Check out our guides to moving and download the guides. They'll give you the complete list of contacts you should reach out to as well as what you must think about and do during the moving process. Our Moving Home Timeline can also keep track of the moving process, checking off each stage you have completed.
Don't forget to congratulate yourself! Buying a house can be a huge choice that has many consequences. Be sure to celebrate buying your dream home with a glass of bubbly and lots of pictures!