If you’ve bought a property in the past, you’ll know it’s pretty stressful. Not that I want to put you off if you’re new to the process. Because, on the flip side, it can also be an exciting and enjoyable experience.
Of course, if you don’t understand the process, you can be left a little in the dark. So, it’s always useful to be aware of every step of the process to buying a house. It’s always useful to have a list of questions to ask your agent during the house buying process and you should keep your agent close by your side to avoid some of the most common errors that are made.
Because, if you fall foul of any of these, they could cost you time and, worse still, money, and that’s something you definitely want to avoid when you’re already parting with plenty of hard-earned cash.
Unfortunately, a lot of people jump into buying a house without understanding at least a little about the property market and how it works. And this could negatively affect you and your property purchase.
In a nutshell, the housing market picks up from spring and gains momentum as we head into summer.
So, if you’ve found your dream home and your offer was accepted in late winter or early spring, make sure you book a survey early, otherwise you could be in for a long wait.
Surveyors are generally super busy during the summer months, so it’s important to do some leg work and get in there early so you can gauge lead times.
Forgetting to contact your solicitor
I’ve seen it happen all to often…. Buyers assume everything is going fine with the conveyancing process but then things come to a standstill because a couple of weeks or more have passed with no word from their solicitor.
Most folk assume we should wait to hear from them. But, at the end of the day, you are paying them to do a job, so don’t be afraid to get in touch and remind them that you are working to a deadline.
It’s only fair that they act in a timely and responsive manner.
Delays to paperwork
Paperwork is a nightmare, there’s no doubt about it.
And it’s even harder if you’re new to the house buying process, because inexperience can really hinder momentum.
It’s understandable that signing on the dotted line for the first time can bring you out in a cold sweat.
But it’s also important to complete and send off all the crucial paperwork. If you don’t, you may delay getting the keys to your dream home. Or, if you’re really unlucky, you might miss out on the property altogether.
Exchanges are only signed, sealed and delivered when you give your solicitor verbal consent to do so, so don’t be afraid to sign and return those contracts… you may regret it if you don’t.
Sellers make mistakes too!
If you’re selling a property, I hope you’re not sitting hear reading this and heaving a sigh of relief that it’s just buyers that make errors.
Of course, you want the process to run as smoothly as possible and, without doubt, being stuck in a chain can offer many stresses.
So, don’t rest on your laurels waiting for the buyers to do all the legwork. There is plenty you can do as a seller to, to help speed things up. Though, unfortunately, many don’t.
The main thing to consider is that, once an offer has been accepted on your property, you should get valid gas and electrical safety tests carried out. More and more buyers and solicitors than ever are asking for them, so get it done at the outset to save time, rather than waiting for them to be requested. If you don’t have these already on hand when a surveyors’ Homebuyer Report is carried out, your property will be marked as high concern.
So, it’s important to be on the ball.
Give us a call at Bluestone Sales & Lettings if you are looking to buy or sell a house for sale in Newport and we can help you try and avoid the pitfalls.