A house purchase can feel like a huge task, and sometimes the process may seem like it’s never going to be over. Take a look at our top ten home buying tips to help make buying your next home easy.
1. Get to grips with the essential concepts
If you are considering stepping up onto the ladder of property many people don’t understand what some of the house buying terminology means, or if it exists at all. It is important to be familiar with the conditions and terms prior to when you send an offer. This will ensure the transaction goes smoothly.
You can view our glossary to discover the most important terms and definitions for buying houses. This glossary will assist you to learn about each step of the process.
2. Determine the cost of buying a home.
The expenses you incur when purchasing a house aren’t limited to the deposit. It is crucial to take into consideration the other costs involved in the purchase of a house when deciding your budget.
It is also worth considering the expense of buying new furniture if you’re a new buyer and have previously rented a furnished room. It is worth looking at sites such as Freecycle which allows you to find furniture at no cost within your region.
3. 3.
It is exciting to search for a house. With the many online agents available and a variety of options, it is tempting even to search for your ideal home while your home is being sold. It is essential not to lose focus and fall in love with the property before you’ve found buyers, or else you could lose out on the house of your dreams to someone who has the funds already in place.
It’s almost always more lucrative selling your house prior to when you buy, but it’s not without difficulty. It’s often much simpler to purchase a house the first time buyer, since they have only one transaction.
4. 4.Obtain a mortgage agreement in principle
When you are buying a home you must sign an “agreement in principle”. It’s a statement in writing that states how much your lender is willing to lend you to buy 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.
But that’s not all. Knowing the amount a mortgage lender will allow you to borrow will provide you with an idea of the most affordable budget to spend on house hunting.
5. Go to the neighborhood (at various times)
After a long day of moving it is not something you want is to get settled for the first night at your new residence. A home that is perfect at 10am isn’t as attractive during the evenings, so it is recommended to look at your potential property at least once and at various times of the day.
Take a 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. Depending on how long you’re planning to stay in the new house It could be worthwhile to look into schools in the area.
Also, remember to take photos of the houses you’re interested in. They may have all merged into one by the time you go to your 15th house viewing. You should ensure that the properties you see are clearly visible at the time you go back to your visits. You may also be able to review the images in case you do not remember to look over the item. The seller might not be pleased if you keep checking on tiny items.
You should also visit the government’s Planning Portal to see if any major construction projects are scheduled. This will enable you to find out whether any plans are in place to reduce the value of your future home and your enjoyment of it.
6. Determine how much to give
Online property searches can be a fantastic way for you to locate potential homes. They can also show the current prices of homes in your neighborhood. This can give you an idea of a reasonable offer for the property you have an eye on as well as the ceiling price for the region that it is situated. Websites like Zoopla and Rightmove are a good starting point for such searches.
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 added to the survey to make sure that you’re not offering more than the value that is currently being offered for the property.
7. Ask the seller for it to be removed from the market
You can offer to buy the house of your dreams even if it’s not being offered for sale. This eliminates the chance of someone else making a higher price and then you getting a gazump after you have signed the sale.
8. Use only professionals
Once you have received your offer, you’ll need to hire an attorney to handle the conveyancing process. with the legal and paperwork aspects of the transaction. To ensure your security on the day of the wedding, you will need to engage a removals firm and schedule a survey.
Although it may be tempting to view the Mortgage Valuation as sufficient but it is crucial to get an independent survey by a RICS surveyor for a detailed inspection of the condition of the property.
It is vital that you ensure that the firms you choose to work with your move are professional and trustworthy. Reallymoving only partners with experienced and respected companies to ensure that you feel confident about your decision. We also allow you to view their real customer feedback.
9. Communicate
Between the time you place an offer on a property, and the day it is completed, it is best to not go on vacation. Stay updated on the developments and ask questions about things you’re not certain of or aren’t sure about – it is important you don’t ignore something that you aren’t sure about. There are a myriad of factors that affect the amount of duration of the process to purchase a house. This includes whether you’re in the chain of homes or to rental agreements, or if your budget is limited. Be patient, particularly as you near the final date, as you’ll be close to having all of the paperwork in place!
10. Book your movers
Make sure to book in the date for moving prior to the date, and locate an expert who will be able to accommodate all of your belongings. Be aware of furniture that has to be removed and then put back together. Pack any broken items with care. Make sure you allow access for your movers and warn them if you’re on higher floors (and in the event that there’s no lift!). Don’t stress about purchasing a home. Make reservations in advance so that you don’t need to.
Have an online look and download our moving guides to get an extensive list of the people you should contact and what you will need to do and consider during your moving process. Our Moving Home Timeline can also keep track of the moving process, checking off each stage you have completed.
Don’t forget about congratulating yourself! Buying a house can be a huge choice that has multiple repercussions. Enjoy the purchase of your new home with a glass of bubbly and taking lots of pictures!