Everything There Is To Know About Buying A House

May 31, 2018

Buying a property is definitely one of those things that is on many people's bucket lists of things they want to do in their lives. At some stage, you may even start planning to do it yourself. But often you need that little push to make it happen and to take that leap of faith of actually buying somewhere. After all, it is one of the most expensive purchases you will ever make in your lifetime, sounds scary when you put it like that doesn't it? But when it is your first time, how do you know exactly the right steps to take or what is needed when it comes to buying a property? There is so much to think about, and in many cases, it can be less than straightforward. So, I wanted to share with you some of the steps involved when buying a property and everything these is to know about it. I hope it helps you in the future.

 *pic source Pixabay*

 

Finding the right house and considering what you want and need


One of the first things you need to think about is finding the right house and considering what you want and need from it. This is when it could be a real good idea to sit there with a pen and paper and writing down everything you need from your new place, everything you would want or like to have, and the non negotiables. This will help you decide on the best course of action and help you to research and search out the right place for you. Looking online will help you figure out some of the other aspects. It isn’t just about the house either, you could also do with considering the area you want to live in, the outside space and other factors like the commute to work, schools, and local shops and other amenities. A house is the main aspect, but everything else has to be right as well in order tom are living there exactly what you imagined it to be.

 

Knowing what your budget is and if extra funding is needed

 

The next thing you need to think about, now that you know exactly what you want and need from a house and location, is to figure out the budget you have. Ian some cases this can be the hardest and more emotional side of the decision making process as the financial side of things will indicate whether or not you can afford what you want. This is when a home loan calculator could help you decipher the exact budget you do have. Once you know this important factor, you will be able to refer back to your wants and needs on your list and hopefully be able to keep things on there or perhaps make some changes to it as your budget dictates what you can afford to spend.  

 

Having a plan on what you want to achieve

 

Having the right plan is so important. You need to make sure you plan every aspect of this house move from start to finish. This is so you are not left with any nasty surprises when it comes to moving. The plan can include everything, from how you plan to find the right property to how you intend on progressing through the process of buying and selling. Searching online is one of the most common ways to find properties these days, and many websites will show you a range of potential properties from different agents, saving you from having to look from one website to another. You might also want to plan for any contingency funds that may need to be spent such as fees for the legal side of things, or agent fees, as well as funds for anything works that might need to take place once the house sale has gone through.

 

Having a solicitor that is good

 

It is also important for you to have a good legal aid on your side when it comes to navigating the home buying process. There is a lot to think about, and there is also a lot of paperwork and checks involved to make sure that a house sale can go through. A good solicitor will be able to highlight these areas and also ensure that all paperwork is in order before the house sale completes. These people will also handle the money transactions and ensure all gets paid, so it is vitally important for you to make sure that you pick the right solicitor to help you with your house purchase. There are also fees involved so as mentioned earlier you may need to factor in these costs so that you are not left stuck at the final hurdle.

 

Allowing for the timescales involved with the process

 

There is a lot involved in buying a home. Once you have put your offer in and had it accepted you signify a chain of events that can take time. Initially, any mortgage company will want certain checks taking place on the property to ensure it is in good condition. This is to identify structure issues, damp or other aspects and tend to be very common on older properties. These checks can take time and some companies may ask for further checks to take place, or even certain works to be done before a full release of a mortgage can be had. A solicitor will handle this for you. You also need to think about other people involved, which brings me on to my final point.

 

Being aware of the chains you can end up in

 

In many home buying processes you are not the only one involved and this can mean that you enter into a chain. The chain needs to complete at the same time in order for one person to move from one place to another. If the person you are buying from can’t move into their home then you can’t move into theirs, if that makes sense. This is when it can get time consuming and the process can last longer than it needs to.

 

I hope that highlighting some of these steps will help you when it comes to buying a property right now or in the future.

 

 

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Hello, I'm Sarah. Part of a family of 5 who can often be found foraging in the woods or camping at a festival. I love anything boho and am rarely without my camera.

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