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The Don’ts of Buying a New Property

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Tue 12 May 2015

The Don’ts of Buying a New Property

Don’t Compromise

You know what you want out of your property and it is important that you get it. Remember that buying a house is going to be amongst the most major investments in the majority of people’s lives so it is important to get it as right as possible. You really need to feel the property has something to offer before you move in. After all, what’s the point in buying a house if you can’t make it a home?

Don’t Overreach

The temper the previous point a little bit it is important to know your limitations as well when deciding on purchasing a house. Budget plays an important part in things so make sure that you’re realistic and that you have things planned out in advance. Of course this doesn’t mean that you need to compromise on your eventual decisions about what you are looking for. Just don’t go into the process expecting chandeliers and swimming pools unless it’s realistically in the budget.

Don’t Be Vague

Now that you know what you want let people know. This is especially the case for your buying agent. After all, their job is to find properties that are going to suit your needs and they can be much more efficient at that job if they know exactly what you are looking for. Speak to you estate agent on a regular basis and let them know what you do like and what you don’t. Provide feedback on the properties that you go to visit and highlight any issues that you find keep occurring. The more you help them the better they can help you.

Don’t Rush

Rushing into a purchase can be the absolute worst thing you can do when buying a property. The process is stressful, especially when it is taking a long time to find what you are looking for, but rushing into a purchase can lead to many problems down the road. Do the research. Make sure the property is near all the local amenities that you need and have somebody examine the house beforehand. This will protect you during the buying process and will also give you an extra negotiating tool should you choose to make the purchase.

 

Of course, there are many other things that you should not do when buying a house. Perhaps highest amongst them is going it alone. Estate agents and other professionals are here to help you so take advantage of that help at every turn.