If you’re buying a house, you’re more than likely going through a stressful time. There’s so much to think about, so forgetting important things that could make the process simpler is common. You don’t want to miss out on a fantastic deal or your dream house, so read on for 7 useful tips for house buyers:
1. Research Shared Ownership and Shared Equity Schemes
Many people don’t have the cash they need to purchase a house upfront. In cases like these, a shared ownership or equity scheme could be just the thing for you! Schemes like these want to help people from all backgrounds put roots down and start a family, so research them.
2. Bag a Bargain if You’re a First Time Buyer
If you’re a first time buyer, some estate agents will hold you in high esteem. This is because they don’t associate you with the hassle of selling a house as well as searching for your own, so take advantage of this and you may be able to bag your dream home for a bargain!
3. Find a Buyer Before You Begin Your Search
Before you begin hunting for your dream house, find a buyer for your own house first. This will stop you from being upset and disappointed if you don’t have the funds to put down on your dream home.
4. Arrange Your Mortgage and Know How Much You Can Borrow
If you can arrange a mortgage, and know exactly how much you can borrow (use a mortgage calculator online), an estate agent will take you much more seriously than a buyer with no idea if they can get accepted! Just ask this estate agents in Halifax if you don’t believe me.
5. Use a Recommended Solicitor
Solicitors can actually slow down the process of buying a house, so I recommend you ask people for recommendations and use somebody that they thought did a great job.
6. Don’t Scrimp on Your Bids
If you try to be too aggressive and lower the price of the house substantially, you might end up missing out to a high bidder. You may even suffer resentment from the seller – you could offend them by bidding too low, and they may not accept a higher offer out of spite!
7. Communication is Everything
Communication is the key to everything – love, war, friendships, customer relationships…you get the picture. You need to communicate with the estate agents, your solicitor, the seller, and anybody else involved clearly. You can’t expect to swan off on holiday for a week or two without informing anybody, and then expect your dream home to be waiting for you. Make sure everybody knows where you’re at, what page you’re on, and if you have any queries get them sorted out pronto. This will make the buying process much more bearable!
I think you’ll find these tips a great help when selling your home, and hunting for a new one. Have these house buying tips worked for you? Let us know in the comments!