What do you need to buy a house? An estate agent and a mortgage! WRONG!
You don’t actually need an estate agent these days, not with the Internet. Relationships have moved online and so has shopping. We’ve actually got a lot to thank Facebook for as Facebook insists on real identities and this has resulted in people thinking that the Internet is actually quite a safe place to be. No jokey pictures or pseudonyms are allowed on Facebook and given that over 1 billion people on the planet – that’s one in every 7 people – use Facebook, it is responsible for changing a lot of attitudes. 21st Century thinking on what you need to buy a house includes:
Working with an online estate agents, such as Zevizo Properties. This is because we are connected up to all the top UK housing portals and that means our marketing reach is phenomenally powerful. You can be part of that. Sellers no longer have to put money into the pockets of traditional estate agents with their snappy suits and fancy cars any more (well not unless they want to!). As sellers save thousands of pounds by working with us, it means we can invest more into powerful online marketing tools – laying everything you need before you so you can browse 24×7 from the comfort of your armchair or sun lounger or while you are in the pub!
Like most people, unless you’ve recently won the lottery or have inherited some money, you’ll need a mortgage.There are plenty of places to go for independent financial advice on what mortgage will be best and prices will vary in terms of the cost of the arrangement fees (which are usually a couple of hundred pounds) so it’s worth shopping around. Some mortgage brokers or banks will try to “upsell” you with other associated packages such as insisting you use their solicitors, or that you take out insurance policies with them. Be careful as these can be expensive and take your time. See if you can do some research before you start your round of property viewings as once you’ve found the property you want, you will need to take action quickly as it’s likely that other people will be interested in the same property so it will come down to a question of who is in a chain, who is a cash buyer, and who can get their finances in place first.
You will need to draw up a list of what you want in the house you are seeking, as this will help you refine your online searches in the property portals.Does it need to be near a school? Does it need to have a garden? Are you happy to extend the radius of the search up to 5 miles? 10 miles or more? What type of property is it that you are looking for? An apartment? A ground floor flat? A semi detached house? A detached house with outbuildings.
You will also need to ask for advice regarding the potential chain that you are in. Ask about how quickly the vendors want to move and other practicalities as all these factors can affect your final decision and sometimes will make all the difference to the house purchase going through or falling through. Did you know that on average one in three property purchases fall through? When you see “Under Offer” it means that there are still quite a lot of details to be sorted and it is during this stage that things can often fall apart – may be because the chain has fallen through, or the surveyor finds a major structural defect which puts you off, or the local authority searches return results which show the field opposite the property in question has outline planning permission for a new housing estate.
Whatever the reason, it pays to ask yourself, “What do you need to buy a house?” before you go out looking for your new home. Fulfilling certain criteria and making sure you meet all the necessary criteria that’s down to you will enable you to be in as strong a position as possible to help you secure the property of your dreams and that’s when your new life can truly begin.
Contact Zevizo Properties for a confidential, informal chat about your property needs, make it part of your “must do” on your list of things to do when looking at what you need to buy a house when buying a house. We’ll help you get off to the best start possible so that your new life can begin.
We hope you enjoyed our blog on “What do you need to buy a house?”