Buying your home can be a complex and lengthy process. This guide is designed to help ease any worries or questions you may have. Buying your home should be an exciting happy time and as an experienced trusted local agent we are here to help every step of the way.
Can you afford to move? Let's get your finances in order.
We recommend you build up savings of at least 5% of the price of the property you want to buy. Any extra will help open up more mortgage options. We advise you speak to a trusted mortgage advisor to give you as many options as possible. You need to have an agreement in principle for any offers to be seriously considered. You will also need a good income and credit score. We work with a trusted whole of the market local company so if you need help just let us know.
Make sure you confirm with your mortgage lender what their valuation fee is for the mortgage.
You normally have to pay stamp duty when buying your new home. The amount depends on your situation and agreed sale price of your new home. Use our Stamp Duty Calculator to check what you may need to pay.
We always recommend you have a home survey on your new home. This survey helps a professional check for anything you may have missed when you viewed and make sure you have no nasty surprises after buying. We work with a local trusted surveyor so please let us know if you require help and advice.
To buy your home you need a solicitor or legal conveyancer. We work closely with trusted local conveyancers who can provide you quotes for selling and buying. Let us know if you would like to use their services.
You may need a removal company to help move your belongings to your new home. Costs will vary depending on the amount you need to move and distance.
Don’t forget ongoing costs after you purchase like Insurance, Council Tax, Utilities, Repairs and Maintenance.
Lets get viewing to find your dream home
This is the exciting part you now know your budget and can start arranging viewings to find your dream home!
We recommend doing this before viewing and at different times of the day to get a good impression of the local area. Parking is always an issue that’s good to check and if the area is noisy. Some homes are close to schools and traffic can be quite busy at drop-off times.
It's always good to take notes about the property when viewing and check with the agent if you can take your own pictures? This means you can go home and reflect. It's also really handy if you view lots of properties on the same day.
Write down any queries for the agent about the property and local area. Keep your eyes peeled for issues like damp, cracks and check the general state of the property and its upkeep. Don’t be afraid to check cupboards and ask questions you need to make sure you're happy with everything you have seen. Ask about fixtures and fittings and be cheeky, ask for things to be left or included in the sale. You never know they may prefer to leave items instead of taking them to their home. If the current home owner is at the property it's good to chat and build a good relationship as this will help the sale go through more smoothly.
Always check out the local area. We recommend you research - local schools, transport links, flood zones, development plans, crime levels and local amenities.
Always register with local agents and build good relationships. Staying in touch means they will be able to keep up with your requirements and normally notify you first if a new house is coming onto the market that may be suitable.
You’ve found your dream home, lets make an offer. It's time to negotiate!
Speak to your agent about any previous offers and what they believe the seller will accept. As agents we are here to help you decide your offer amount. Always make sure your agent is fully aware of your position ie, first-time buyer, no chain, nothing to sell, looking to move quickly? These may all help with negotiations and if they have multiple offers from different parties this may help you get your offer accepted.
Once your offer is accepted you can now formally apply for your mortgage. Your mortgage company will arrange your survey via your agent. You can also book your homebuyers survey if you wish to have one carried out. Your agent will notify your conveyancer of the details and will request you provide proof of funds. This means a copy of your deposit amount and mortgage offer or proof of cash funds. This is kept on record and confidential. Your solicitor will then send you a buyers pack and estate agent will confirm your offer and sale with a memorandum of sale.
After your solicitor is satisfied with all paperwork and information provided by the seller and your searches are back they will look to exchange contracts. You will then pay your deposit and set a date to move into your new home!
You can now relax as the chances of anything falling through are extremely low as your agreement is legally binding.
Completion day is the day your mortgage lender will transfer funds and once confirmed you can collect your keys. This is one of our favourite jobs as an estate agent! Handing you the keys to your future. Our passion for people and properties is all about seeing happy new homeowners!