Date Published 25 July 2017
Taking that first step on the property ladder is likely to be one of the biggest decisions you'll make.
It can all be a little overwhelming.
But if you break it down into stages, things aren't as scary as they seem.
Here's our 10-step guide to buying your first house.
Step 1: Should I buy or rent?
There are pros and cons to each. So before you take the plunge it's worth thinking about which option's best for you. We can give you all the advise at Alexander Lewis Estates to help you.
Step 2: What can I afford?
In case you didn't notice, houses are expensive. Here's some help in figuring out what's within your price range, and how to work out an affordable budget. Call us today and arange an appointment with our mortgage advisor and he will go through the steps to make sure you can afford what you think you can.
Step 3: Saving for a deposit
SAVE, SAVE, SAVE. Having a larger deposit means less money you'll need to owe the bank, which will help with your mortgage payments.
Step 4: Finding the perfect home
Ready to get excited? Let's find that dream home of yours! It's not just about the building itself, but the local area too. Alexander Lewis are on all major sites such as Rightmove and Zoopla.
Step 5: Getting a mortgage – agreement in principle
Time to get serious. Here's how you apply for a mortgage, what types are available, and what pitfalls to avoid. We have a mortgage advisor who can give you the best advise!
Step 6: The viewing
You've seen it on your screen – now it's time to see it in real life. Be thorough when viewing the house and bear these points in mind.
Step 7: Make them an offer they can't refuse
It's time to put your money where your mouth is and make the seller an offer.
Step 8: Surveys and conveyancing
There's a lot of red tape involved in buying a house to make sure everyone's happy. This is where solicitors and conveyancers come in to do the legwork for you.
Step 9: Exchanging contracts and insuring the house
You're almost there! Everyone shakes hands and agrees on the sale. The last important hurdle to jump is making sure that the building is insured against potential damage.
Step 10: The big move
Are you excited? Time to pack up your stuff and move into your new home! You've worked hard for this, so here's how to move house with minimal fuss.
And that's all there is to it.
So are you ready to take your first step?