Crucial questions to ask before you buy
If you’re looking to buy a property, you’re likely to have a number of thoughts running through your head but don’t worry as we’ve looked into the most common questions a potential homebuyer wants answered…
What is best – renting or buying?
This is one of the most common questions but one that is very personal to you and your journey. Buying is a long-term investment but renting can be the best option for some – depending on circumstances. Before you decide to buy you should ask yourself some questions – how long do you plan on staying there? Are you ready for the responsibility? Are you buying alone or with a partner and if so, is the relationship secure? Whilst it is a great option, buying is not for everyone.
How many homes shall I view before making a decision?
We are very lucky that we can view a number of properties without even moving from the computer so use this to your advantage. There is no right and wrong regarding the amount of properties you should view before making a decision but remember when you do find the one, you’ll know. If you want to streamline the process then why not focus on a particular neighbourhood?
What can I afford?
Again, everybody wants to know the answer to this but it will depend on your situation. Start by looking at your finances and creating budget – you can quickly become deflated when you realise you can’t afford the properties you have been looking at. Take into account your income and outgoings and meet with a mortgage advisor to discover the possibilities.
We work with free of charge mortgage advisors who can check the whole of the market to make sure you are getting the best rate available. To book a telephone or in person appointment, Please just get in touch by calling 01525 713111 or emailing hello@lovehomes.uk
How was the asking price determined?
It is important to look at the market and decipher how much similar properties in the same area have recently sold for. A number of sellers will set the asking price too high so do your research!
What should I look out for?
What you look for in a property will be completely down to you but if you don’t have the budget or time to complete renovations then keep an eye out for possible work needed and make sure you inspect the bathroom and kitchen as these can be very expensive to improve. If you have any questions regarding the condition of the property now is the time to ask.
Should I use a professional negotiator?
How good a negotiator do you think you are? Do you enjoy it or not? Please be honest with yourself. Negotiation is the single most important part of purchasing a property. A well negotiated property purchase could save you thousands of pounds.
The main problem when purchasing your next home is the emotional aspect of it, Normally this means an estate agent will push you to your maximum budget if they are good at their job. A professional negotiator will take all of the emotional side out of the equation, Research similar property sales and formulate a strategy with you to get your new home for the best possible price.
If this is a service you think that could be of use, please call your local property experts on 01525 713111.
If you have any more questions about buying your dream home, then please get in touch today!