Baylis Community Media CIC, Newspaper House,
48 Bell Street, Maidenhead, Berkshire, SL61HX.
Tel: 01628 680680
Buying a property involves many stages and elements which should be researched beforehand. Residents of Maidenhead, Windsor and Slough buying houses or flats for either commercial or residential reasons should take many factors into consideration, from setting out a budget to finding the ideal home. Here is a list of matters to address when buying a property:
Stage one: Investment
The most important decision when buying a house which residents will have to make is how much to spend on the property. The price of the house as well as how much the buying process will cost should be taken into account. For example, VAT, solicitors fees, stamp duty, estate agent's percentage for the sale, removal costs, and valuation and survey expenses - all of which can quickly build up. House buyers should understand all of these outgoings to get a total sum of how much will need to be spent.
Stage two: Choosing a location and needs
Prospective buyers should then make a decision about what they would want for their money. Factors to be taken into consideration include number of bedrooms and other rooms, garden and driveway space, and other specifics such as swimming pools, land and security. Estate agents should be informed ahead of time about areas of Maidenhead, Windsor or Slough buyers would prefer to avoid or particularly desire. Families usually take into consideration education opportunities in the Royal Borough and Slough borough and should do research before committing to an area.
Stage three: Finding an ideal property
There is a variety of ways to find a house or flat, such as searching the internet, the property sections of local and national newspapers, and contacting builders to find out about new developments in Maidenhead, Windsor and Slough. However, the most common and easiest way is to go via an estate agent, who will advise their customers on properties which match their requirements.
Stage four: The ideal home
Home buyers should try to not get carried away with first impressions. They should survey the property inside and out and assess how much works needs doing, and whether it needs simple redecoration or more extensive work. Residents should only view houses which are within their budgets to avoid making rash decisions on spending more than they can afford. Home searchers can return to view a property as many times as they wish before making a decision.
Stage five: Making an offer
When potential buyers find an ideal property, they should then think about the kind of offer they would like to make within their budget. Elements such as extensive work or repairs should be taken into consideration and it is common practice to make an offer less than the asking price. Buyers can make as many offers as they like if a price is rejected by the seller. Estate agents are a vital part of this stage and usually take on the negotiating on the buyer's and seller's behalf.
Stage six: When an offer is accepted
When an offer is accepted the next step is to understand various other elements which have yet to be considered. These include arranging a mortgage, getting a survey carried out, organising legal paperwork and how the deposit payment will work. This needs to be in place before the exchange can happen when buying a house. When the exchange does happen, the property is legally the buyer's and a moving date should be arranged with the current owners. This should be done before exchanging in case the chain is broken and the current owners expect to be able to stay in the house for an unreasonable length of time.
The process of buying a property is quite a complex one, from considering needs and price to arranging mortgages and legal paperwork. Estate agents can often ease the stress of the situation as they can help and understand the whole process.