The process of buying houses can be overwhelming and seemingly never-ending. Take a look at our top ten home buying tips to make buying your dream home a breeze.
1. Learn the essential concepts
A lot of people aren’t aware of the terms used to purchase a house or the reasons for the process. It is essential to understand the conditions and terms prior to when you submit an offer. This will ensure the process goes smoothly.
Take a look at our glossary, where you can discover the most important terms used when buying a house and their definitions. The glossary will help you understand each step of the process.
2. Calculate the cost to buy a house
The expenses you incur when purchasing a house aren’t limited to the deposit. It is essential to consider the other costs involved when buying a home in determining your budget.
Also, you should consider the cost of purchasing new furniture if you’re a new buyer and have previously rented a furnished space. You might want to check out Freecycle, which offers furniture at no cost in your local area.
3. Sell prior to buying
It’s thrilling to search for a house. With all the online brokers available, it can be tempting to even look for your dream home when your current residence is in the market. You should not be enticed by the property until you’ve found buyers. If you don’t, you might be unable to buy the house of your dreams to someone with the money.
Although it’s more profitable to sell your house prior to you buy it, it can also be expensive. It’s often much simpler to purchase a home for first-time buyers, since they only have one transaction.
4. You can get a mortgage agreement ‘in principle’
You must have an “agreement of principle” before you buy an apartment. It is a written confirmation that your lender is willing to lend you money 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.
Not only this, getting an idea of how much a mortgage company is willing to lend you will give you an indication of the amount you’ll need for your home look.
5. Look at the area (at various times).
The last thing you want to hear when you are settling down for your first evening at your new home after a tiring day of moving is the sound of blaring music from your neighbour’s house until midnight. A perfect house at 10am may not seem as good during the evenings, so it is recommended to look at the property you are considering at more than one time and at various times of the day.
Have a wander around the neighborhood and chat with the local residents. Visit the local parks, shops and cafes. You’ll be able to feel at ease in your new residence. It may be beneficial to look into the school options available in your neighborhood, depending on how long you plan to stay.
Remember to take pictures inside the properties when you view them, as on your fifteenth house viewing they will probably have started to all blend into one. Photographs will ensure that the spearate properties are clear in the event that you revisit your visits later. This will also mean that in the event that you discover you forgot to check something, you might be able to take a look at the images and the seller may not be best pleased in the event that you return to look up little things!
Furthermore it is also advisable to check the government’s Planning Portal so you can find out whether any massive building projects are planned for the future which may reduce your enjoyment of the region and increase the cost of your potential future house in the event of a sale.
6. Determine how much to give
Property search websites can be a fantastic way for you to discover houses that are worth considering. They will also give the current prices of properties in your area. This can give you an indication of an acceptable price for the house you have an eye on as well as the maximum price for the area within which it is situated. These searches can be started through websites like Rightmove and Zoopla.
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. In addition, a valuation could be included in the survey to make sure that you’re not over the value that is currently being offered for the property.
7. Request the seller to take it off the market
You may offer to purchase your dream home if it is not on the market. This removes the possibility of an offer from someone else that is higher than your offer and you being snubbed until you’ve agreed to the deal.
8. Only use professionals
Once you have been accepted as a buyer, you’ll need to hire a conveyancing solicitor to deal with the paperwork and legal aspects of the deal. Also, you’ll need to schedule an inspection to be conducted and also hire a removals service to ensure the security of your possessions during the day of the wedding.
While it is tempting to view the mortgage Valuation as enough however, it is essential to get an independent survey by an RICS surveyor for a detailed examination of the condition of the home.
It is essential to ensure the firms involved with your move are professional and reliable. We at Reallymoving only work with respected and experienced firms that will give you confidence in the choice of professionals. You can also review their genuine customer feedback through us.
It is not recommended to go on holiday between putting an offer on a house and the day of completion. Keep track of progress and ask questions when you’re not sure or unclear. It is essential to never ignore any information you don’t understand. There are many variables which can affect the time it takes to buy an apartment. It is important to consider whether you’re in a chain or tied up in rental agreements or whether your budget is tight. Take your time, especially as you get closer to the end, because you’ll have almost all of the paperwork in place!
10. Make sure you book your movers
Be sure to schedule a date to move prior to the date, and locate an expert who will be able to accommodate everything you need. Keep in mind furniture that has to be disassembled and reassembled and ensure that you pack broken objects carefully. It is important to provide access to your movers and inform them that you’re on a higher floor flat (and when there’s no elevator!). You don’t have to stress about purchasing a home. Make reservations in advance so you don’t have to.
Have a look at our moving guides and download the guides. They’ll give you a complete list of people you should contact in addition to the things you should 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.
Remember to congratulate yourself on your purchase – buying a house is a big decision with plenty of things to think about. You should celebrate the purchase of your home with a bottle of bubbly, and lots of pictures!