Here’s What To Do To Get Ahead Of Your Competitors And Secure Your Dream Home!
In today’s competitive housing market, it isn’t surprising that those moving home in Northumberland want to know what they can do to get ahead of their competitors.
Beating other buyers is paramount if you want to secure your dream property in Northumberland ! Our team at Elizabeth Humphreys Homes loves to make dreams come true, and we have some expert advice to help you do just that
4 Ways to Secure Your Dream Home
Get Your Finances In Order
When beating all the other interested viewers is crucial, it couldn’t be more important to get your finances in order.
First, you need to have a realistic attitude towards your budget. This is something that often catches prospective purchasers out. It can be so easy to fail to recognise the full scope of the expense of purchasing a property.
The costs rapidly mount up so make sure that you’re well-prepared for the financial side of your purchase. Make a list in advance of all the costs you can expect to pay during the process of buying a property in Northumberland so that you can factor them into your budget.
Once you’ve done this, it’s time to get your mortgage in principle. While you don’t legally need to obtain one before putting an offer on a house, it will certainly bring you some benefits. For a start, it shows sellers you’re in the position to buy and have passed all the basic checks. It also shows that you’re a serious buyer, putting you ahead of others who haven’t yet taken this step.
The third financial aspect to get in place is the largest possible deposit. Purchasers who have more significant deposits will have a better chance of lenders offering them the mortgage required.
Taking Speedy Action
Once you’re in a financial position to buy, you need to be ready to move as quickly as possible to beat your competitors. Register with local estate agents and set up alerts with the property portals like Zoopla and Rightmove so that you’ll be aware as soon as a property matching your chosen criteria is listed.
Being as flexible as you can when arranging viewings is an excellent way to get ahead of other buyers. Be available on evenings and weekdays, and you’ll have a better chance of securing your home before another buyer gets in first! Also, make the effort to complete any documentation and return it immediately.
Make Your Offer Quickly
Many buyers underestimate how powerful a first offer can be in today’s busy market. Often, sellers will accept the first offer they receive, depending on their circumstances. It makes sense, then, to make that first offer before anyone else.
That said, it’s essential that your offer is realistic. Busy markets and low offers don’t go well together. Make sure you’ve researched similar property prices to be taken seriously.
Work With Estate Agents
Working with a highly experienced estate agent in Northumberland like Elizabeth Humphreys Homes is the best way to navigate the busy market.
Thanks to our extensive knowledge of the Northumberland property market, we can give you all the guidance and advice you need during viewings and negotiations so that you can live in your dream home sooner than you imagined.
Visit our website at eh-homes.co.uk and give us a call today on 01665 661170 to learn how we can help you find your dream home.
Frequently Asked Questions About Buying a Home in a Competitive Market
How can I increase my chances of getting a mortgage in a competitive market?
To increase your chances of getting a mortgage, improve your credit score, save a larger deposit, and shop around for the best mortgage deals. Providing evidence of a stable income can also strengthen your application.
What can I do to stand out from other buyers when making an offer?
To stand out, consider offering a higher deposit, being flexible with your moving date, or including a personal letter explaining your interest in the property. Acting quickly and decisively can also give you an advantage.
How can I find out about new properties coming onto the market?
Register with multiple estate agents in your desired area and set up property alerts on online portals like Zoopla and Rightmove. Consider using a property search agent for a more proactive approach.
Should I use a conveyancer or solicitor when buying a house?
While you can handle the legal process yourself, it’s highly recommended to use a conveyancer or solicitor. They have the expertise to guide you through the complex legal aspects of buying a property and protect your interests.