We all know that buying a house is one of the most significant financial commitments that many of us will make during our lifetime. However, it is important especially as a first time buyer to not let this change your mind. We have teamed up with Estate Agents, Greenaway Residential to find out what their top tips are for first time buyers.
Choosing The Right Mortgage
As a first time buyer, the most important thing to bear in mind is whether you can afford the step. Before you even start looking for a property, make sure you have an idea of your budget, this is particularly important for the mortgage as nowadays there are strict checks in place. Make sure you don’t go for the first mortgage company you find, have a look around to see what options you have before making the final decision.
Check Out The Local Area
The location of your new home is one of the most important things that you need to consider, it’s all good falling in love with the house, but if you don’t like the location then you will never be truly happy. A useful tip is to drive around the neighbourhood during the day as well as at night time and during rush hour so you can see what it is like from all aspects. Asking the neighbours can also be beneficial as if they have lived there for a while then they will know quite a lot about the area and they will be honest with you as they don’t have anything to lose.
Find Out Why The House is For Sale
Knowing this is crucial when making your final decision, it is good to know whether the owners are motivated sellers who want to move quickly or whether they are just seeing what interest they can get on their home. If they are looking to sell the house quickly, then it does provide you with the opportunity to offer a lower price.
Is Anything Included Within The Sale
A lot of people get worried about asking this question, but it can be very useful to know, especially for first time buyers. For example, the sellers could be including a dishwasher or a washing machine within their sale, and having these essentials can make the move feel a lot smoother and releases the stress of you having to buy household goods yourself.
Like every situation, there are always areas that you need to consider and look into, but we hope the steps above help with making your decision on your future.