Top 10 property questions first-time buyer should ask

Are you looking forward to purchasing a new property for the very first time? Then you need answer these top 10 property questions first-time buyer should ask and to keep in mind that the process of buying a new home is much complicated than you think. You need to have a clear understanding of the entire process before you spend money.

That’s why you should ask a lot of questions as much as possible. Here is a list of top 10 questions that every first time home buyer should ask to avoid frustration. For those of you who are asking themselves what is the definition of the term first-time property buyer, you might want to check Wikipedia. So if you are ready to start with our 10 property questions first-time buyer should ask before making a step.

1. Can I be happy in my new home?

First of all, you need to see whether there is a possibility for you to be happy at your new home. If favourable conditions are not available for you to be happy, you will have to end up with a lot of frustration at the new home. That’s why it is extremely important to double check whether you can be happy or not.

2. What is the best deal available?

Secondly, you should ask around for the best mortgage deal that you can go for. When you are looking for a mortgage plan, you will come across a large number of options. Out of those options, you should be careful to look for the best possible deal. It should match perfectly well with your budget and plans as well. Without asking for advice, you will find it as a difficult task to locate such a deal.

3. How much can I borrow?

Next, you need to check how much money you are allowed to borrow. You need to have a clear understanding about this when you are filling your first mortgage application. That’s where you should approach independent advisors. These independent advisors will help you to learn how much money you will be able to borrow. There are a number of ways to finance your first-time property and one of them is the Government scheme for first-time home buyers. Here is a useful link you might want to consider checking.

4. How long has the property been on market?

If you notice that the property is a new one, you will have to take necessary steps in order to move quickly as possible. But if you notice that the property has been there on the market for more than three months, you should realize that there is something wrong with the property. You should determine what’s wrong with it. Then you should carefully take your decision.

5. What is the reason behind the sale of a property?

You should also get in touch with the property owner and ask for the exact reason for the sale of the property. If the homeowners are trying to sell the property just because they want to migrate, you will be able to go for a better deal with negotiations. Therefore, you should see whether there is an ability for you to negotiate and go for a better deal at the end of the day.

6. What can I get along with the sale?

You should also check what you can get along with the sale. Without having an idea on it, you are never encouraged to go ahead and invest in a property. Content, fittings and fixtures that you will be able to get along with the deal are often negotiable. Hence, you should try your best to negotiate them. In addition, you need to make sure that everything that you get is written on the contract.

7. What survey should I need?

At the time of purchasing a new home, you will have to do a survey as well. However, you need to see what survey you are going to select. This will depend on the repair and state of your budget a well. Or you might want to consider doing yourself a house-viewing checklist similar to this one here.

8. Can I look around the home?

You need to take a look around the home that you are going to purchase. Hence, you should request from the home seller and see whether there is any possibility for you to look around. When you take a look around the home, you will be able to get a better understanding of what you are getting at the end of the day, so let’s continue with number 9 in our Top 10 property questions first-time buyer should ask.

9. How does the area look like?

You should also look at the neighbourhood of the home that you are willing to invest your money in. You need to take a look at the local amenities available and determine whether you are provided with an environment to enjoy a comfortable stay. In addition, you need to get to know about the neighbours that you have to live as well. It should be a safe surrounding for you as well as your family members.

10. Is my offer fair?

Last but not least, you need to ask whether the offer you get from the home is fair or not. You will be tempted to go for a fair offer, but it is not appealing, you will not be able to get the best out of the amount you spend. Hence, you must carefully see whether the offer you get is fair or not.

If you do enjoy these Top 10 property questions first-time buyer should ask, you might want to check Buy to Let for the first-time buyers in the UK or few Important tips that First-time home buyers should keep in mind.