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Want to Buy a Home in 2018?

 

Getting onto the property ladder may seem like a daunting process, but it can all be worth it when you get to move into your new home and truly make it your own. If you’re considering buying your first home in 2018, there will be a lot to think about and sort out, so, to help you prepare, we’ve put together a quick guide to get you started.

House Keys
 

Saving and Budget

If you’re looking to buy a house next year, you probably already have some savings tucked away. A house is almost certainly going to be the biggest investment you ever make, so it may take a while to sensibly save your money for the home you want. However, now would be a good time to start thinking about your budget and how much you are willing to spend on your new home.

You will need to think about what sort of home you would like and how your budget matches with your expectations. The cost of a house will be affected by a range of things, from the area it’s in, to the state of the internal structure and décor. It’s also important that you think about leaving enough money for yourself to furnish the home as well as make mortgage payments and for other bills. Other costs associated with buying a house include:

  • Deposit
  • Surveyor’s fees
  • Solicitor’s fees
  • Mortgage advisor’s fees
  • Home insurance
  • Council tax

The Mortgage

When you are looking to buy your first home, you will need to consider your mortgage options. Mortgages can be confusing, so it is best to consult with a mortgage advisor who will be able to guide you through the process and will advise you on the mortgage plan that is the most suitable for you.

Your mortgage is similar to a loan, as you make monthly payments, slowly paying off the money you owe.

Buying a House
 

Choosing Your Perfect Home

Once you have decided on a budget, you can begin to look at the properties on the market within that range. This is the most exciting part as you can imagine yourself living in each home until you find the one that feels right!

It’s a good idea to make a list of ‘essentials’ and ‘desirables’ to help you stay focused on what you want in your home and exactly what to look for when buying a house. For example, you may consider having a driveway to be an essential, or perhaps you would prefer a home that is detached, but you would be happy to opt for semi-detached. Whatever it is that you want to feature in your home, you can ensure that you find it.

At this point, you can start looking at houses for sale, something we will be more than happy to assist you with, here at Corrie & Co. You can tell us about what you’re looking for and your budget, and we will help you to find your dream home!

Buying the Property

There are a number of things involved at this stage of the process, however, as a first-time buyer, you are in a strong position.

When you put in an offer on the property, you may be able to negotiate on the price. First time buyers are particularly attractive to sellers as you are not a part of a chain, so you may find that the sellers are willing to move on the price. However, if the house is new to the market or they are in no hurry, they may be more likely to wait for a better offer. You may also need to provide proof that you are able to secure a mortgage.

Once the offer has been accepted, you can arrange for surveys to be carried out to ensure that there are no surprises. You can now begin moving forward with all the paperwork and legalities.

When all of this has been agreed, you can agree on a date for completion when you will pick up the keys and you can start the big move!

 

Congratulations, you are now the owner of your first home!

What our customers are saying

Paula and all the team. Thank you for all your support throughout, it’s been really appreciated.…