How do I buy my house? Your handy guide…

buy my house

I want to buy my house but don’t know where to start!

Are you always saying ‘I want to buy my house’? If so, take a look through our handy home buyer guide, explaining all the stages of the home buying process and offering some handy tips…

Decide where you want to live

City or country? Near a main road or in a quiet cul-de-sac? Near schools and amenities or off the beaten track? Deciding on all the things you want early on will pinpoint the areas where you should concentrate your search. Rather than picking places to look at at random and then trying to make them fit your criteria, your search will be focussed and all the shorter for it!

Decide what you want to spend

Setting yourself an upper limit before viewing means that you can make a rational decision about it without a beautiful property tugging at your heart strings!

Arrange a mortgage offer in principle

Starting discussions with lenders at this point is advisable. Let them know the amount you wish to borrow and after performing credit checks and other assessments, they will let you know if this is feasible.

Decide where you are prepared to compromise

So, you’ve decided what you want, where you want it and how much you want to spend on it. Usually, these things don’t quite add up and you may need to compromise somewhere along the way. If you have a think about it before going to view properties, it comes as a far less nasty shock, and again, you can make a rational decision as to where you are prepared to compromise. This avoids you falling into the common trap of compromising on too many things as you think you’ve found the house of your dreams in other ways.

Research

Go on the internet and research the areas you are looking at. Look at the prices that properties are going for, and more importantly try to work out how long they have been on the market for. The more research you do on the local market, the stronger the position you are in when talking to estate agents. This is why it pays to narrow down your search area early on!

Arrange viewings

View as many different properties as you can fit in. Although you should definitely pay attention to how you feel in each property, the decision you make should be a rational one. Weigh up the positives and negatives, compromises and benefits and when your heart and head agree, it is time to make that offer!

Make offer

At this point, you must keep in mind that if things don’t work out with this property, there is always another one waiting around the corner. Thinking in this mindset will avoid making rushed or pressured decisions. Using your knowledge of the local market, decide if your offer will be at the asking price or below, and ask your estate agents advice on this, although beware that they will have one eye on increasing their commission!

Get property taken off the market

If the offer is accepted, you usually need to pay a deposit in order to have the property taken off the market.

Legals

The next stage of the proceedings is to formally arrange your mortgage, appoint a solicitor to carry out conveyancing, sort out home insurance and plan your move. This stage is typically fraught with delays, but can be speeded up exponentially by regularly chasing each person involved.

Exchange contracts and move in!

Once contracts are exchanged, you are the legal owner of the property. Only a quick glass of celebratory champagne is allowed though as the hard work isn’t over – now you have to move, unpack, get settled in, redecorate, etc, etc!

Quick Move Now is the UK’s leading home buyer, offering a quick, secure and hassle-free house sale. Our experienced team, efficient processes and substantial cash reserves allow us to make purchases immediately, enabling you to sell your house quickly and move on with your life.

This content was written by Quick Move Now
Published on 31st July 2012
Last updated on 24th April 2017

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