VIDEO: Making the right purchase for you
Posted on: Tuesday, April 9, 2019
Research has revealed that around 80% of homeowners have at least one noteworthy regret regarding their home buying decision.
Here are our five top tips to ensure you make the right choice while on the hunt for your next home:
1. Focus is key
A property may appeal in terms of your wants, but not necessarily tick the must-haves boxes. Make sure that the property meets your main objectives otherwise it can’t be the right home for you.
2. Find the right solicitor for you
It is imperative that you choose and work with a solicitor that you not only trust but feel comfortable with too. A good solicitor will keep you well-informed and will guide you through the buying process. The service your solicitor provides can dramatically alter your home buying experience.
3. Get a second opinion
Whether you have a close friend or trusted family member, it always helps to get a second, unbiased opinion. Better yet, hire someone to look at the property to give you an idea of the work that will need doing once you move in.
4. Check your finances
There are various unexpected costs of owning a home. Make sure you calculate what is within your budget, taking costs such as council tax, insurance and service charge into consideration.
5. Don’t engage in a bidding war
Focus on finding the right home for you, and don’t get caught up in a bidding contest. Walk away from the deal if it gets out of hand to ensure you don’t overpay. Remember, a higher price will mean a larger deposit, higher fees and thousands in additional interest on a larger mortgage.
Are you looking to sell your home? Contact your local Guild Member for help through the moving process.