Some handy tips for those about to buy a property
At James Perry we know your search for a new home means so much to you. Weekend after weekend looking for the right home can be both time consuming and stressful. Here are a few tips to make your purchase that little bit easier.
Legal advice
Finding a good solicitor from the outset is important. Recommendations from friends, family, colleagues, is a great way to start. Choosing the cheapest one, does not necessarily mean the right one – it could prove to be more costly. Stay in regular communication with them.
Sorting out your finances
Researching what mortgage deals you can get is vital and could save you money. Jump on the internet where price comparison websites can be a great resource if you have the time to keep checking them. Alternatively, find a good mortgage broker – once again seek recommendations from friends, family and colleagues.
Obtaining a pre-approval in writing from the start can really speed things up once you have an offer accepted. Likewise, you’ll be in a much stronger position if you find yourself in a bidding war with a buyer who doesn’t have their financing in order.
Budgeting
Set a budget for your home or investment and try and stick to it as much possible. There are other costs that should be considered at the time of purchase such as stamp duty, solicitor’s fees, removal costs, any work that may need doing on the property, etc.
Do your research
Make a list of what is important to you and your family and start researching the areas that you might be interested to purchase in. Think carefully about the things you need and the things you would like, such as good local schools, public transport, parks, shops, etc. Research the types of properties that are available in your price range and be realistic about your expectations.
Viewings
Flexibility is key when it comes to viewing times. Evenings and weekends may be best for you, but possibly not the seller. Be on time for all your appointments, otherwise you risk missing your appointment and annoying the seller, who is likely to have gone to some effort to get the property ready for you.
After the viewing, be sure to give us your feedback. That way, we get a better idea of what you will and won’t look at. It is important you keep an open mind though, very often people end up buying something that is quite different to the ‘dream home’ they imagined.
Making an offer
When you make an offer, make sure you let us know your position, including how flexible you can be on settlement dates, and whether or not you have to insert any “subject to” conditions.
If you really love the property, try not to make very low offers that will no doubt be refused. This might make future negotiations that bit harder, as the seller may not see you as a serious buyer.
Offer accepted
Once the offer is accepted, we will provide you, the seller, and your legal representative a copy of all signed sale documents.
Moving in…
All of your searching, frustrations, and lost weekends are over. Time to move in and enjoy the home that you fell in love with.