Buying a house is an incredibly exciting experience regardless of whether it will be your first home or the third which you have bought. In order to ensure that the house buying runs smoothly, there are several decisions which you have to make once you actually go out and start looking for the property which you are after.
As someone who has bought 6 homes, I would like to offer you some advice on what you need to be thinking about if you feel that the time is right for you to get a new property.
Solicitors
In order to make sure that the buying of a property runs smoothly, you are going to need to make sure that you have some strong solicitors on your side. I have always used Woodgrange solicitors for my house purchases and without them I could never have completed so many house sales with such ease. There are many aspects which require you to have solicitors on your side who have your best interests at heart so you should make sure that you have considered who you will use for this task.
Budget
Many people make the mistake of thinking that making their budget is about what they have the money for rather than thinking of it as what they can actually afford. You may have $10,000 in the bank but this doesn’t mean that you can go ahead and put $10k down in the deposit for your mortgage. The reason for this is that you are going to need to pay plenty of fees and searches, you need to furnish your property and you need some money for extras which you may not have yet considered. When working out your budget, make sure that you have factored everything in.
Market
Unless you have a pressing rush as to why you need to buy a home, you should always aim to avoid buying property when the market is running high. Make sure that you have spent time on understanding where the market is and where it looks to be heading before you consider buying somewhere. The possibility exists that you may have to hold off on your house purchase until the market picks up.
Surrounding Area
Before investing in a property remember that you are not only looking for a property which fits the criteria that you are searching for, it is also about ensuring that the surrounding area has everything in it that you need. Whatever your family situation is you should be on the look out for local schools, doctors and hospitals and transport links, these are all vitally important aspects of owning a home.
Readiness
It may sound a little strange but you must make sure that you are in the right frame of mind to enter into a new house. Buying a house itself will take up a lot of your time and energy and you ought to make sure that you are in a position in both your personal and private life, to give this the attention that it deserves.