Buying a house for the first time
When you think of big life events, buying a house is definitely one of them. Especially for first-time buyers.
With rising house prices and a lack of growth in our pay packets, it can seem like an impossible task for many of us.
The good news is that despite these challenges, research has shown that the number of first-time buyers successfully buying a house has been steadily increasing over the last 5 years.
If you are thinking about buying a house especially if it’s the first time, you have probably started to talk to friends and family about their experiences. It’s a useful first step.
From friends and family to online research
The next step for most buyers is to start doing some online research. This can be useful as today there are lots of great help articles available.
The typical article covers the most common steps to buying a house:
• Arranging your finances
• Finding a property
• Making an offer
• Hiring a solicitor
• Getting a survey
• Completing paperwork and finalising the deal
• Moving in
Whilst every buyer should learn about these steps it is only half the story.
“For most of us buying a house is not just a logical decision but also an emotional one. It’s a dream or aspiration.”
Add into the mix many first-time buyers are buying at a time in their life where other significant changes are happening such as jobs, relationships and starting a family.
It is no wonder this can be a daunting decision and can take several years to make happen. But it doesn’t have to be that way.
What it really takes to buy a house
The good news is we have helped many first-time buyers like you. Through our knowledge and experience, we have been able to create a formula that helps you complete not only the steps everyone is talking about but the harder more personal steps too.
We have outlined the start of the Move Engine success formula below. Master this and you will be well on your way to owning your first home:
The first stage is to get in the right mindset. This stage is all about exploring what is motivating you to buy a house. Also, exploring if there are any things holding you back from getting started and working out if these are justified or not.
Once this is out of the way, it’s about making time to think about your short-term plans. What will your life look like in the next 3-5 years from now? Next, it’s time to set some goals and motivate yourself to make it happen.
Finances are something that should be taught at school but for some reason, they are not. Buying a house for most of us means saving for a fairly large deposit to secure a mortgage. This takes commitment and effort to save each month and make progress.
Then when you come to buy, you need to have set the right budget to make sure you buy a property you can afford, both today and in the future. Getting clear on your finances will help ease the stress and could save time and money in the long run
Deciding what property is right for you is often not as straight forward as it first seems. The balance between what you want, need and can afford means it can take several months to get it right. Then there is making sure you have carried out sufficient research on the local area.
And finally, before buying have you checked the property for any potential future issues? The good news is for many people finding the right property is the most exciting part.
Buying a house is much easier with the right team to support you. Making sure you get good financial advice early on in the process can help you plan and save. Later, consider building a relationship with a local estate agent who can send you the best properties first.
As you get closer to buying, make sure you hire a good solicitor who can help you get the deal completed. Learning who can help you and when you need them is a really important part of buying a house successfully.
Keeping it simple
All that sounds a lot, right? If you are still reading by this point chances are you are serious about learning what it takes to buy a house. Not just the steps, but what it means for you. That’s why we created Move Engine to help you. It’s a simple mobile-friendly website which helps you navigate all the steps above in an easy stress-free approach. Let us help you get there!