Property is one of the biggest purchases you’ll ever make, and it can seem incredibly intimidating, especially for the first time. However, there is no need to panic, buying a property can be efficient and seamless. By being organised, choosing the right people and making sure you’ve done the adequate research, you can have a seamless property transaction. Just follow these tips and make sure you know what you’re doing.
- Answer Communications Promptly
When it comes to a property transaction, there will be a lot of phone calls and emails between you and your solicitor and estate agent. The best thing you can do is reply promptly, so everything can go through as quickly as possible. Save important numbers in your phone as contacts so you know who is calling and can accept them. If you respond to communications quickly you can expect the other side to do the same. If you need to sign documents do so as soon as you can and make sure you read through everything.
- Get All of Your Information in One Place
Before starting out, it’s a really good idea to get all the information you will possibly need in one place. Get a large folder or filing box and establish a place where everything important is. Go through this essential house purchase documents list and make sure you have everything you might use. You will need bank statements, payslips, proof of ID, utility bills, letters and more and if you can find these straight away when required, you will save a lot of time and hassle.
- Check Reviews and Recommendations
There are a number of different people and companies you will have to work with during a property purchase and they can vary greatly in their quality. When looking for a solicitor or mortgage advisor, you can learn from other people’s experience by reading their online reviews and feedback. Trustpilot is a great source for looking into the reputation of someone you are looking to hire. Reviews are a great way to gauge how reliable and trustworthy a firm is, if you see a lot of complaints about delays and issues it’s worth giving them a wide berth.
- Be Aware of All the Costs
It is important to factor in all of the costs involved in your property transaction and be aware of any additional payments you might need to make. Some potential costs you should be aware of include stamp duty land tax, legal fees and many more. Some apartment buildings have maintenance costs, some houses may need damp treating and these extra costs can all affect your finances. Make sure you have a clear idea of the total cost of the property and extras and that you have the sufficient funds.
- Go with an Expert
Dependent on what type of property transaction you are embarking on, it might be worth choosing an expert in that area. Some estate agents specialise in city centre properties, some might focus more on auctions – make sure they are knowledgeable on your property. Investment properties can be slightly different to a standard property transaction so going with trusted experts like RW Invest is the best way to ensure any problems are dealt with promptly, and you have a dedicated team to help.