Advice on buying a property

Home for saleFinding a property

There is a growing trend that has been moving from prospective buyers looking in estate agents’ windows to looking for property on line. The problems is that there are so many property websites on the internet to choose from that offer property for sale adverts from various agents. This is where Placebuzz can help. The search engine aggregates properties found on other property websites so that you can search them all from a single place. When you search for property, you also get up to date average prices in the area  you are looking based on what’s currently on the market. Finding the right property may take a while, so do ensure that you register on the site so that you start receiving instant alerts of properties matching your search as soon as they are advertised.

It’s all about location

When looking for a property to buy, it’s becoming increasingly more important for buyers to try and find a property near work.This makes absolute sense as for a lot of people, most of the time is going to be spent at work. You may be unaware of areas within your budget that have decent transport links which are going to get you to your work in a reasonable time. Placebuzz is your friend here offering an excellent research tool for finding the right property. If you live in London,  try out the commute search. You simply enter the location of you work and your budget and it suggests areas where you can live. It will also provide you with up to date area and transport information. For more information about this feature, read our previous blog around discovering new areas to live.

Viewing properties

Here are some useful tips to keep in mind when looking for the house of your dreams:

  • Don’t loose out, make appointments and view the properties as soon as possible. If you leave it too long the property may get snapped up.
  • Try to arrange for viewings on your lunch hours or on the way to and from work.
  • Make as many visits as you need and bring a builder with you if needed to find out what you may be letting yourself in for.
  • Check the history of the property. If it’s been rented for a long time, it may have had many landlords who may have done the minimum in repair and maintenance.
  • Be careful for signs of a superficial renovation that is hiding more serious work to be done.
  • If you’re thinking about buying a property to renovate and sell on, check how long it’s been on the market first. If it’s been on the market for a very long time, this may indicate that there isn’t a lot of profit to be made. Placebuzzz provides you with the date the property was first instructed.

Making an offer

You may be very tempted to put a low offer but be careful if you find the ideal home. If it seems to be priced right, consider offering near or the full asking price as you’ll be taken  more seriously. This will also make it less likely for another party to step in. You probably also want to ensure that all internet adverts for the property have been removed once your offer has been accepted.

Chains

One in three property chains fall apart for various reasons so communication is the key here. Under current British house-buying and selling practice, little can be done to change this. Some welcome improvements have been introduced by the  Government that require Home Information Pack (HIP) to be provided to prospective buyers on request. Stay in touch regularly with your solicitor and estate agent to make sure everything is on track and bear in mind that you need to be flexible if you want to keep the chain going.