Purchasing your first home is hands down one of the most exciting moments in life. That said, as many people will likely let you know, it can be stressful. Being prepared is key to getting into your new home as quickly and smoothly as possible. Here is our simple checklist for all first time buyers to support you on your journey.
- Do you have finances in place?
Making sure you have the right deposit and funds in place for the purchase of your property is the first place to start. When assessing your finances you must check that you have accounted for stamp duty and ideally have a mortgage in principle agreed. This allows you to put an offer forward in confidence and can help you secure your dream property. Having a qualified, experienced mortgage broker by your side can assist you in getting your finances prepared before you begin your home hunt.
- What are your deal breakers?
Once you have your finances in place – you can start the fun bit. Making a list of exactly what you want in a home helps you start the search in the right place. From location to prices, doing some thorough research is a good idea before booking any viewings. Be sure to look for homes that fall within your budget, and while every property involves some kind of compromise, you want to ensure your main requirements are met. Write down your deal breakers. One bedroom or two? Garden? Sometimes you may have to adjust your search parameters to make sure you really get what you want.
- Get an offer accepted
Finding that perfect home is the best feeling, then it’s the nerve biting part of putting in an offer. A good estate agent can negotiate on your behalf to ensure you get the right price and process. They will be able to put your offer forward and present you as a strong buyer, this can help to ensure the purchase runs as smoothly as possible. Researching local agents in your area and asking friends for recommendations as this is often a great way to find an expert who can help secure the deal.
- Instruct a solicitor
Choosing an experienced conveyancing lawyer to handle your purchase can make a big difference to the speed, cost and ease of the process. At Waterstone Legal we pride ourselves on providing the highest-standard of service to all of our clients. We are by your side to answer any questions and minimise costs and stress from start to finish. Our expert legal team understands the emotion that goes into finding your first home. We work closely with all parties to move from your offer being accepted to completion as quickly and smoothly as possible.
- Move In
Wahoo – relax for a minute, that’s the hard part out of the way. Now it’s time to collect the keys and get on with moving in. Little insiders tip, the purchase of a property can take anything from four to eight weeks. During that time it’s a good idea to start making lists and arrangements for moving in. That way when your lawyer gives you the wonderful call to say – “you’ve completed” you will be all set to celebrate.
