Quick tips for first time buyers

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Getting your foot onto the property ladder can be difficult at the best of times, but the below quick tips for first time buyers can help to prepare you for the process of finally getting to purchase your own home!

Research your area

There’s no point wasting time looking in a location where you can’t afford the average property price, so be realistic and save yourself a lot of time by making sure you’re looking for your first home in the right places.

Don’t skimp on checking the property out

It might be tempting to rush into a purchase once you’ve found the dream home, or miss out optional surveys, but there’s nothing more heart-breaking than finding something wrong with a first home after a purchase. Take your time and get expert help if required.

Have your paperwork in order

Buying a home and getting a mortgage can take a lot of paperwork, including employment history, credit checks and more. Research what you need in advance or just ask and we will provide you with a list.

Play up your strengths

As a first time buyer, you could feel vulnerable during any negotiations, but remember that sellers often love first time buyers: you’re unlikely to be in a chain and having your mortgage arranged first can put you in an even stronger position to get the buyer to say ‘yes’ to your offer.

Keep in contact

We will keep you informed on your mortgage progress at every step but you need to make sure surveyors, estate agents and other partners in the process do the same. Don’t be afraid to give them frequent calls for updates!

Take a camera

It’s easy to forget the homes you see and many estate agents’ photography skills still aren’t up to much! Take a camera with you and just fire a few quick snaps of positives and negatives, to help you to track the best and worst properties you view.

Budget!

We can help you with your mortgage budget but there are other costs for first time home buyers. Make sure you factor in everything from utility bills to your travel costs when it comes to getting to work.

Expect problems

It is an unfortunate fact that buying a home often means overcoming problems along the way. Be prepared for counter offers, survey problems or, the big dread amongst first time homebuyer’s, gazumping! Don’t worry: you can and will recover from them all, as homeowners have been doing for years.

Look at what could be there

Remember that even if the house looks a little shabby now, you will make it better. From simple things like changing the curtains to larger projects like extensions – try to see the potential in the houses you view.

Don’t be afraid to ask for help!

We have been helping home buyers for over 40 years and it will be the same with your estate agent, solicitor and other professionals. If you don’t understand any aspect of the process, the paperwork, the house or something else then please feel free to ask: we will be more than happy to help!


Your property may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice.

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