Buying a property
Buying a property can be a daunting task, at Natalie Clarke we believe in guiding our customers through every step of the process to make life as simple as possible. Find out just how we can help.
Step 1: Speak to a mortgage advisor to establish your budget.
If you need to sell your current house before being able to buy - speak to one of the agents in our office. There have been a lot of fluctuations in house prices in recent years and a fresh valuation on your own property is key.
Step 2: Let the search begin!
Start researching general areas which would be of interest based on the most important criteria for you, e.g., local schools, parks, shops, public transport, motor way facilities, sports facilities. Also make a note of the aspects of a house that are a must for you, e.g. location, type of house, number of bedrooms, parking provision, private garden, potential for extension, time, and money available for redecoration. Decide what is negotiable and what is non- negotiable, e.g.
"My new property must have a private garden, minimum 3 bedrooms and a garage. I would consider a semi, or a terrace and I would consider renovation".
If possible, take a drive or walk around the areas of interest at various times of the day and evening to confirm the levels of traffic, noise, the position of the sun on the house and garden and other factors that may influence your decision.
View as many properties as possible in your chosen area / areas. Once you have identified a property view it a few times to ensure you take in all the details and features.
Step 3: Making an offer.
You may decide on a smaller property in a highly desirable area or a larger property in a less popular area. Often properties in more desirable areas can prove to be a better investment as they increase in value more relative to properties of the same price in less desirable areas. Note however that your home should not be viewed as an investment, naturally no one wants to lose money on their home, but it is important that the house is right for you and your requirements.
When making an offer make sure you have all the relevant information required. The seller and agent will require confirmation that your own house is sold, or sale agreed; that you have 10-20% or more of the price available as a deposit; that your mortgage arrangements are in place and you have an offer in principle (subject to survey). This will give the agent and the seller confidence in accepting an offer.
Good Luck & Happy Shopping!