10 Top Tips when looking to Buy:

by carter1927




What a difference a year makes! …. At the beginning of 2013 it was still a somewhat nervy post-recession outlook and very much a Buyers’ market. Today it’s the complete opposite, as confidence has soared and multiple buyers are scrambling over the limited housing stock available. Almost everyone who was fortunate enough to buy last year will have seen an instant 5-10% increase in the value of their property.


Well, if you are one of those potential buyers looking to move or get on the property ladder this year, here are 10 Tips to help:



–      Get your finances in place

Make sure you can get a mortgage and you have enough money for a full deposit before you start looking for a home. An estate agent will not take an offer on a property without proof that the prospective buyer has finances in place

–      Don’t dismiss a property before you see it in person

The more homes you visit the better. But act quickly. In the current climate properties are not on the market long.

–      Get a survey

If you are looking for an older, run-down or unusual property it’s worth paying extra for a homebuyer report or building survey.

Your mortgage lender’s valuation is a basic survey for mortgage purposes only and is not a full survey, although they usually include some recommendations for any obvious faults.

–      Budget for the extra costs

Mortgage arrangement fees, solicitors’ fees, surveys: the costs quickly add up.

–      If it’s a leasehold, check the length of the existing lease

The length of the lease will affect the price and your ability to acquire a mortgage.

–      Get independent financial advice

Don’t restrict your mortgage research to the internet or through your bank or building society. Look for an independent financial advisor who has access to the entire lending market.

–      Get to know the area before you buy

A good agent will describe an area honestly, but it’s always wise to revisit a property at different times.  Make a list of what’s important to you. Consider how far you’re willing to live from local shops, schools or public transport.


–      Choose the right solicitor

Make sure you choose a solicitor who has a good track record in the local area.  Ask for recommendations from people you know or trust.


–      Use local estate agents with local knowledge

Don’t just relying on big property websites like Zoopla or Rightmove, Speak to your local agent. They know the area and by building rapport with them, you may get to know about new properties sooner.

–      Have realistic expectations

Identify the type of property you are looking for and understand  its pros and cons…if you are looking for a period or character property don’t expect it to be in new build condition!


If you would like to speak to Carter Estate Agents about any aspect of Buying, Selling or Renting a property, please call us on 01895 832155