Finding a home can be a daunting experience, especially for those buying for the first time. But at Bayleys Marlborough we’re here to help.
Our team of agents have a wealth of combined experience, and we don’t just look after our vendors. We’re here to offer tips and advice to buyers too. For this article, we thought we’d share three questions you should consider when you’re buying for the first time.
Three questions to ask when you’re buying for the first time:
Can I afford this property?
It’s no secret that finding a foothold on the property ladder is an expensive business. But it’s more than just about the asking price. You’ll need to consider ongoing costs such as maintenance and utilities. So ask your vendors what their monthly energy costs are. Find out what the local council rates are. Commission a Builder’s Report to determine whether there are likely to be any imminent maintenance issues. Then put everything into the melting pot to work out whether you can afford the property.
Why is the seller selling?
This is always a good question to ask. Whether you’re buying for the first time, or have been through the house purchase process before. Your vendor may be upsizing, downsizing or relocating. But their reasons for selling may be valid to a future situation you find yourself in.
So, you’ve decided this is the property for you! But if you’re new to this, it helps to know what happens now. Ask your agent more about the next steps of the process. This will vary dependant on the sale method. But if the property is to be sold by advertised price, deadline sale or negotiation, ask when exactly your offer will be put in front of the owner. Discuss reasonable deadline timeframes with your agent and legal team and add these to your offer.
At Bayleys Marlborough we love helping people buying for the first time find their dream home! Contact us when you’re ready to find yours.