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Buying a Home

Buying

Buying a home can be a daunting experience, even if you have done it before. It can be stressful but also one of the most exciting and memorable events in life.

Over the long term few investments have kept pace with the capital appreciation that residential property has experienced. The bonus is that you can live and enjoy an investment in property. So how can you get the most out of your property purchase?

Advice on buying

You could be forgiven for thinking it's all doom and gloom for today's first-time buyers. But there are ways to make it more affordable, such as buying with a partner or friends.

The obvious advantage of buying with someone else is that it allows you to buy a bigger and possibly better home in the area of your choice.

Viewing properties

It's important that the estate agents regard you as a serious applicant. Show willing and be eager to view, and you'll be top of the list when something new comes on the books. Call them regularly - they'll think of you first when a property comes on the market.

Useful tips to keep in mind when looking for the house of your dreams:

View the properties as soon as possible. Leave it too long and you could lose the house. If two of you are buying and you have children, decide which one of you will be the chief viewer, whose job it is to weed out all but the strongest candidates.

If you're tempted to buy a run-down property to renovate and sell on, check how long it's been on the market. If it's been there a long time, it suggests there isn't a lot of profit to be made.

Putting in an offer

It's human nature to try to strike a deal, but if you find your ideal home and it seems to be priced correctly, consider offering the full asking price. This means you'll be taken seriously, there won't be any time-wasting and it will lessen the possibility of another party stepping in.

All offers should be made with the stipulation of taking the property off the market. Getting a 'Sold' board outside is a good way to dissuade others from looking.

Chains

Most houses are sold as links in a chain but, unfortunately, one in three property chains fall apart. This can happen for numerous reasons, from one party not having their finances in order, to an unpleasant surprise in the survey. The best way to ensure a chain progresses smoothly is through good communication. Stay in regular contact with your solicitor and estate agent to make sure everything possible is being done to speed things along.

It can also help to stay flexible. Be prepared to move in with your family or rent as a short-term measure if it means you can keep the chain going.

Above all – follow the advice offered by your estate agent. Thurman Rye are committed to offer the best advice and to communicate all offers and events to all parties.

Ensuring Peace of Mind Throughout the Buying and Selling Process

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