Buying your home is both an exciting and daunting process. As it is probably the biggest investment you will ever make, it is sensible to familiarise yourself with the basics of how the transaction will take place, the key processes and what you can do to help yourself. You are not on your own – Kings will guide you every step of the way and provide you with the valuable support you need in order to find your dream home and complete your purchase smoothly.
The first thing to do is decide on the key requirements for your new home. These include:
Price – It is really handy to know how much you can afford, so that when you find a property you want, you can put in an offer straight away. The best way to do this is to make an appointment with a fully qualified, independent financial adviser and discuss what mortgage products are available and what amount you can borrow. Many lenders will give you an ‘Agreement In Principle’ (AIP), which means that you can start to search for a property with the confidence that you already have a mortgage agreed (subject to certain conditions, for example property survey and credit search)
Property Type – Do you want an apartment or a house? Do you want a garden or off-road parking? Is it important to be near a train station? Take some time and work out exactly what you are looking for in your new home, what you are prepared to compromise on and what would be the absolute ideal. This way, you won’t spend time viewing properties that don’t meet your criteria, and you get to view more homes that may be of potential interest.
Start Looking – Register your requirements with us, explaining clearly your requirements and price range. Another thing to mention is how quickly you are looking to move, as this becomes a primary factor in the moving process. It is also important to mention that you are a First Time Buyer, as this means that many homeowners will see you as an ideal candidate to buy their property, because you don’t have a home to sell (or are a Non Dependent Purchaser)
Keep In Touch – Estate Agents handle hundreds of calls a day. If you want to stay on the top of their list to ensure they contact you first when your ideal property comes onto their books, it pays to call them once a week or drop in their office just to let them know you are still looking. Naturally Kings will also keep you updated once registered,
Make Offers – As a First Time Buyer, you are in a great position as you have no chain and therefore can move quickly, this can be advantageous, but not always when negotiating on price with a Vendor. Don’t be afraid to make an offer on a property – speak to Kings for advice about what would be an appropriate figure to put forward.