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Top Tips For Buying Your Dream Home

published on 04/01/2019  

It’s more than likely going to be the most expensive purchase you’re ever going to make, so why not try to guarantee you are making the most informed decision you can. When buying your dream home, you can be led by the heart, but with the amount of money at stake use your head to cover all basis before putting in that all important offer.

Below is a list of our top 10 hints and tips to help you find your perfect property in 2019!

1. Location, Location, Location:

Location is key. You can make many changes to how the property looks, but you can’t change its area so do your research. Don’t just have a walk around places you like, take special note of local schools, transport links and amenities. This will also help you narrow down which part of a neighbourhood or which streets you may want to buy property.

2. Research:

Make sure that you don’t rush into anything, do your research. Speak to us at here at Alexanders or have a look online at properties on the market. Find out what’s on the market, how fast stock is moving and what current sold prices sit at.

3. Finances:

Sit down and work out how much you can afford, take into account monthly repayments next to additional costs, such as transport and household bills. You will need to understand mortgage options and work out how much money you will roughly be offered before you start hunting for properties at a specific price.

4. Get in Quick:

Sign up with us here at Alexanders along with the property portals. That way you will receive instant email alerts to make sure you’re in the know as soon as new properties come onto the market. This way you can get ahead of the game and get your viewings in before others.

5. List of Pros and Cons:

Before you view any properties, make yourself a pro and con list of issues which are most important to you in your property choice. This way after your viewing, your decision will be based on logic and practicalities over emotions and feeling towards the property you just saw.

6. Prepare for Viewings:

There are lots of questions to consider, such as how many years are left on the lease, the age of in-built appliances and what comes with the property. Write all your questions down before you arrive at the property.

7. Take photos:

It’s easy to do, but try not to get caught up in the rush of the moment, you’ll forget to look at many little details so take photos of rooms to look back at when you get home. When you inevitably remember all the questions you forgot to ask, you can check the photos for reference.

8. Double Check the Area:

You’ll have already visited the property now but visit the area again with more specific focus on what it would be like to live here. Some things to think about are whether it feels safe in the evening and whether the amenities nearby are right for what you need.

9. Negotiate on Price:

Check out nearby selling prices of properties, then consider whether there’s any work that will be needed to be done to the property. This will help you work out what price it’s worth and whether you’ve got room to negotiate the price with the seller before you put in an offer.

10. Place your Offer:

So you love the property and there are no further questions left in your mind, you’re good to go! Work out the highest price you’re willing to pay and put in a first offer. If your offer doesn’t get accepted, don’t panic and go above your budget – there’s plenty more fish in the sea and it’ll be worth it when you find the right one!

Tags: New Home, Property, Buying, Top Tips