5 Ways to House Hunt Successfully
House hunting in a hurry can be incredibly overwhelming – you have seen your dream home and really do not want to lose it, but the agent advises there is a LOT of interest in it and many viewings are being arranged. What can you do? How can you take the stress out of this process?
Ideally you would want all the time in the world to land your dream home. The trouble is, your next dream home will probably also be the next dream home of other buyers too. So, what can you do to try and edge the odds of success in your favour?
Here are 5 top tips on ways to house hunt successfully:
- Get your finances in order and get pre-approved
First thing is first: get your deposit finalised and your mortgage-decision-in-principle in place. The best way to do this is by contacting a mortgage advisor who will take the stress out of the process for you. You cannot go house hunting if you do not know what you can afford, plus, many Estate Agents will not even let you through the door of a house if you have not been pre-approved. You need to know your budget!
- Get legally prepared IN ADVANCE of finding your next dream home
Many homeowners only place their home onto the market when they have found their next dream home, then have a ‘fire sale’ to sell it as quickly as possible to the BEST BUYER. The best buyer is the one who is best prepared, who knows what they can offer (subject to contract) and can immediately proceed. It takes time to open a file with a conveyancer and to complete all the various checks.
Proactive buyers do this BEFORE they find their next home, and this could be enough to show the commitment a seller needs in accepting your offer when it is similar to those of other less-prepared buyers.
- Anything else need to happen to be able to buy?
If I were to introduce your next dream home to you right now, is there anything else stopping you from being able to buy it (have an offer accepted) today? Many buyers have a home they need to sell as part of the process but do not wish to place it onto the market until they have found their next dream home. In this current market, that is a recipe for disaster – you will most certainly lose out to a buyer who not only has their home on the market, buy has a buyer in place, are legally and financially prepared and in a position to have an offer accepted the day the next dream home comes to market.
WHY take the risk?
Work with a personal estate agent who understands how to place you in POLE POSITION without the risk of losing your own home if you fail to find a purchase that is suitable.
- Contact all local Estate Agents
Any good, trusted and professional Estate Agent will always be the first in-the-know when it comes to properties that are getting ready to hit the market in their local area before anyone else does. Build a good relationship with them, get added to their mailing list, watch their Social Media channels and call them regularly to make sure you don’t miss out.
It is important to be clear about what you want and what your budget is, so be sure to let the agent know all these essential details when you get in touch.
- Make informed decisions
A highly proactive personal estate agent who achieves a sale for their Clients will also proactively help them find their next dream home. Not only that, but they will also produce highly detailed and comprehensive marketing reports on any potential onwards purchase, highlighting all the KEY FACTS their selling Clients would need to make an informed decision about their proposed purchase. Ensure the agent you instruct to help not only sells homes but has a track record in helping their Clients move.
If you would like help or advice on any of the points raised, please do not hesitate to get in touch.
John Murray, powered by eXp UK.
T: 01233 885180