The First Steps When Buying a House
Check that you are eligible and able to obtain a mortgage. There are numerous deals on the market so speak with a Bank, Building Society or Insurance Broker to find the deal which best suits your financial circumstances. In general a minimum deposit of 8% is required, you will also have to pay a valuation fee and solicitor.s fee .
When you see a property that you are interested in arrange a viewing as soon as possible. Treat the viewing as a job not a hobby and invest both time and effort. Take your time looking round the property, don.t let yourself be rushed by the owner or the selling agent. Do not be put off by furnishings or shabby décor that is not to your taste , focus instead instead on the condition of the property and the layout of the rooms. Do not think of the property in isolation, check out the surrounding area and nearby amenities at different times of the day and different days of the week.
Making the offer
If the price is reasonable and the property is what you want, you could consider paying the full asking price. This means that you will be taken seriously and lessen the possibility of someone else stepping in. Alternatively you can offer a lower amount than the asking price and negotiate via the selling agent until you reach a price at which both you and the vendors are happy. All offers should be made with the stipulation of taking the property off the market.
Acceptance of your offer
Contact your preferred mortgage lender or the insurance broker, where appropriate, to firm up on the financial arrangements. Contact your solicitor to confirm details of the property you are purchasing, the vendors and their solicitors.