In the autumn edition of the Glasgow Property Times, Andrew Diamond explains why advice from experienced residential property solicitors will help avoid issues when buying your new home. You can read his article here.
Although it’s worth making the most of the opportunities now on offer through information available with digital technology, video, smartphones, apps and the Internet, here are a few tips we would also suggest to homebuyers.
1 Establish a budget
You’ll need to know how much you can afford, and the best starting point is to talk to an Independent Financial Adviser (IFA). They can look at your overall financial picture and search the market for suitable mortgage products.
2 Appoint a solicitor
An experienced residential property lawyer can advise you on how much to offer for a property, liaise with your lender to ensure that funds are in place, examine Title Deeds and other documents, and complete all the legal work.
3 Visit lots of properties
This will give you a clearer idea of what you like and what you don’t. It will also give you a better feel for the market and what represents best value for you.
4 Do your research
Drive or walk around the neighbourhood to check it’s practical for you. What are the transport links like? How far is the local shop? Will your commute be easy? This will help you decide whether a particular area is right for you.
5 Be disciplined
Be open-minded but don’t allow your heart to rule your head. You will almost certainly want to sell the property at some point in the future, so choosing one that appeals to a wider range of people will make for an easier sale.
6 See past bad décor
A poorly presented property is not necessarily a bad purchase, so look beyond dated decoration or ugly carpets. A coat of paint or a new bathroom suite can transform any home.
7 Be patient
You may want to purchase your new home as quickly as possible, but the market changes constantly, with new properties appearing almost every day. Wait for the right one!
If you would like advice on buying property, any of our experienced Residential Property team would be pleased to hear from you.