The process of purchasing a house can seem overwhelming and seems to be never-ending. We’ve compiled our top ten suggestions to buy a house.
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. Understanding the essential terms used in the process prior to making an offer will help ensure that the transaction is smooth and swiftly.
Check out our glossary, where you can identify the main terms that are used for purchasing a home, as well as their definitions. This glossary will assist you to comprehend every step in the process.
2. Calculate the cost to buy a house
If you are buying a home the expenses aren’t only limited to the amount of deposit. It is important to take into account all the costs that come with the purchase of a house when the process of determining your budget.
If you’re a First time buyer and are renting a furnished home, there will also be the cost of purchasing new furniture that you need to consider. It may be worth checking sites like Freecycle where you can find furniture at no cost in your area
3. 3.
Looking for a new home is always exciting and with the abundance of online property agents nowadays it’s tempting to search for your ideal home, even though your home isn’t yet available for sale. It is crucial not to get carried away and fall in love with a house before you have an offer from a prospective buyer or you might miss out on the house that you have always wanted to buy to someone with the funds already available.
It’s almost always more lucrative to sell your house before you purchase, however it isn’t without risk. It is often easier to buy a house for first-time buyers, since they only have one transaction.
4. Get a mortgage ‘agreement in principle’
It is essential to get an “agreement of principle” prior to purchasing a house. 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.
This is not all. Knowing how much a mortgage lender will allow you to borrow will provide you with an idea of your maximum budget for home searching.
5. Have a look at the area (at different times).
After a long day of moving, the last thing you’d want to do is settle in for your first night at your new house. It is important to see your prospective property multiple times and at different times throughout the day.
Take a walk around the neighborhood and speak with the locals. Look around for the local parks, shops, and cafes. You should ensure that you are at ease in your new residence. It might be worthwhile to look into the school options in your area, depending on how long you’re planning to remain.
You should also remember to take photos inside properties when you view them, as on your fifteenth house viewing they will likely have begun to blend into one. By taking photos, you can ensure that the spearate properties are clear when you go back over your visits later. You may also be able to review the images in case you do not remember to look over the item. The seller may not be thrilled when you continue to check small items.
Additionally, you should also check the government’s Planning Portal so you can find out whether any major building works are planned for the future which may reduce your enjoyment of the region and increase the cost of your potential future house when you sell on.
6. Find out how much you can offer
Online property searches are a great way for you to discover houses that are worth considering. They also can show you the current market prices of houses in your region. This will provide you with an estimate of the price you can make for the home you are looking at and the highest price it could be sold for in the region. You can start your search by visiting sites such as 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. A valuation can also be included in the survey to make sure that you’re asking for more than what the property is worth.
7. Request the seller to remove it from the market
You can make an offer to purchase the house of your dreams if it is not available for sale. This will eliminate the chance that someone else could come up with a better deal, and it prevents you from being taken advantage of after you’ve completed the transaction.
8. Use only professionals
Once your offer is accepted, you’ll have to employ a conveyancing lawyer to handle the legal paperwork and all other legal issues. Also, you’ll need to schedule an inspection to be conducted and hire a removals company to protect your possessions during the day of the ceremony.
It may seem appealing to think that the mortgage Valuation sufficient. But it is crucial to have an independent survey by a RICS surveyor to assess the state of your home.
It is important to ensure that the businesses that are involved in your move are reliable and professional. We at reallymoving only collaborate with trusted and reputable companies to give you confidence in your choice of experts. We also allow you to view their real customer feedback.
9. Communicate
It is recommended not to go on holiday between the moment you put an offer on a house and the day that the house is finished. Stay updated on the progress and to ask questions about anything you are not sure of or unclear about. It’s crucial that to not ignore anything that you aren’t sure about. There are many factors that affect the amount of length of time required to buy a house. This includes whether you’re in a chain or tied up to rental agreements, or if your budget is a little tight. Keep patience, especially as you near the end, because you’ll almost have all the paperwork done!
10. Plan your move
Be sure to schedule an appointment to move in advance, and find an organization that can take all of your belongings. Be aware of any furniture that needs to be disassembled and put back together, and pack any breakables with care. If you are on a higher floor or if your house has no elevator, make sure that you allow access to your moving company. There’s no need to worry about buying a house. Plan ahead so that you don’t need to.
Why not take a look at and download our moving guides for a comprehensive list of who you should communicate with and what you’ll be required to do and think about when moving. Our
Moving Home Timeline can also keep track of the moving process, checking off each stage you have completed.
Don’t forget to celebrate yourself! Buying a house can be a huge choice that has many consequences. You should celebrate the purchase of your new home with a glass of bubbly and lots of photographs!