Prepare to buy

The overall shortage of housing stock in relation to demand could mean that unprepared buyers risk losing out on their dream home.

You can bet your bottom dollar that if you instinctively like a particular property, other buyers will as well. It's therefore extremely important that you are in a well prepared and proceedable position before you start looking.

To save a lot of heartache, missed properties and wasted time. Here are a few suggestions:

• Ensure that you get your finances in order and know exactly how much you can borrow, with an “in principle” agreement from your lender. Always speak to an independent mortgage adviser to find the best rates. We can help with this!
• Before viewing properties understand the difference between your preferred "wants" and absolute "needs".
• Do not make an offer on a property unless you are absolutely serious about making it your home. The seller's expectations will be raised and you could damage your reputation as a genuine purchaser.
• Obtain estimated quotes for the legal work so you are ready to instruct a solicitor once you find a suitable property.

When you do make an offer for a property, having your finances in order and solicitor ready will establish credibility with the estate agent and seller. This will increase your negotiation power and put you in pole position to get the property over other interested parties.

If you would like help obtaining legal quotes and/or to arrange a free meeting with our independent mortgage adviser call us today on 01702 462 455.