Buying a home is stressful, but help is available. Nathan Andrews Estates has helped many buyers find their new home, and we are here to assist you. However, for now, please enjoy our buyer guide to develop an understanding of what is required when buying property.
One of the most important parts of the process when buying property is knowing what you can afford. Make sure you know what your budget is and then make decisions based on this budget as opposed to house-hunting first, falling in love with a home and then being left disappointed when you cannot afford it.
You’ll also find that it makes sense to save as much money as you can when buying property, as the larger the deposit you can offer the better mortgage you will receive, so review your finances and start putting money away.
Once you have your budget set, you can narrow down your search and the next important issue is location. You may be looking for a home in a particular area (perhaps to be close to work or family members) or you may have some flexibility.
It is important to know what is important to you. For some households, schools are the most vital component in choosing an area while other people may be more interested in transport links. Detail the location features that are most important to you and then focus on these matters.
With your budget and location set, it is time to focus on the right home. Again, create a list of features that you must have and what features are nice to have. You may need to have a set amount of bedrooms, you may need a garden or there could be any style of room or appliance that matters to you.
The right home for you is often a matter of personal taste and requirements so make sure you know what you need and then use this as the basis for your choice.
When you find a home that ticks all or as many of your boxes as possible, it is time to make an offer. You will know what your budget is, and you can always call on Nathan Andrews Estates for help in determining what a suitable offer is. Knowing average prices and having local market knowledge will give you a good guide on what to offer but only you know what represents value to you.
After your offer has been accepted, it is important to enlist a conveyancer or solicitor to undertake the legal work involved with transferring ownership of the property. The right professional will have your interests at heart, will work to get you the best deal and will be focused on concluding the deal as quickly as possible.
It is advisable to have a survey undertaken of the property with a Homebuyer survey or Full Survey being informative. The information contained within a survey informs you of the condition of the property, any work that may need carried out and what sort of price you should be happy to pay for the property.
When contracts are exchanged, there is a legal obligation for the property deal to be concluded, creating a legally binding deal. After this stage, it is rare for either party to pull out.
At this stage, the money is transferred, deeds are exchanged between legal representative and as a buyer, you can pick up the keys to your new home. This is a very exciting moment and one to be enjoyed.
Once you have keys to your new home, you can begin the moving process. You may hire professionals to assist you or enlist friends and/or family members to help, but the moving process is important. Once this has been concluded, you can begin the process of settling in to your new home.
Buying a home is a huge activity and it makes sense for buyers to get as much help as possible. At Nathan Andrews Estates, we are on hand to provide you with as much support as you can, so contact us for help.
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