The first step in the process of buying your next home should be preparation, this can be lengthy but it is vital to ensure you’re making the correct decision and most importantly that you can afford to make the move. You should take time to research your desired area, consider your requirements for your next property and most importantly your budget. As well as this we would recommend taking steps to ensure you have finance in place along with engaging the services of a solicitor. If you can demonstrate to a seller that you have undertaken these steps, it will considerably increase your chances of securing your dream property, particularly in a competitive situation.
- Meet the Agents
We would highly recommend visiting a local agent where possible. Local agents who operate in your desired agent should be able to offer advice on factors such as market activity, average selling prices along with more practical advice on matters such as schooling etc. Not only this, but they may well be aware of properties ‘coming soon’ which may meet your requirements.
- Register for property alerts
In order to stay one step ahead, we would strongly recommend registering for property alerts. Most local agents will hold a buyer database and may offer an alert system to keep you appraised of potentially suitably properties brought to market. Registering for alerts will ensure you are one of the first to be notified of any suitable properties and will therefore allow you to act quickly.
- Viewing Properties
When you identify any properties that are potentially suitable for you, arrange a viewing in a timely manner. We would encourage all prospective purchasers to try and be as flexible as possible when it comes to viewings, for instance if you arrange a viewing well in advance it will increase the likelihood of other individuals viewing before you and in certain situations the property may even be under offer before you’ve had a chance to view.
- Ask the right questions
Before viewing a property it is important to do your research, try and obtain the Home Report and sales particulars as far in advance as possible and study them carefully. It may be worthwhile compiling a list of questions regarding the property which you can ask at the viewing.
- Decision Time
It can be confusing viewing several properties, especially in a short space of time. A worthwhile exercise can be comparing the properties including writing a list of pros and cons of each – it is likely you may need to compromise on some of your requirements so it is important to consider which factors are of the greatest importance to you. Arranging a second viewing can also be a very worthwhile exercise.
- Submit your offer
BWhen submitting your offer, it is important you are well informed. Enquire with the agent regarding the level of interest and of course take into consideration your access to finance. You can submit your offer directly to most agents, or having engaged the services of a solicitor they can submit an offer on your behalf. It is also important to consider the maximum price you are willing to pay for the property, as it may be the case that the seller enters into negotiations rather than accepting your offer straight away.
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