Taking that first step on the property ladder is simultaneously exciting and terrifying. No matter how old you are, buying your first property will make you feel like a proper grown-up.
Before you even find the right property, there’s lots to learn, so in this quick read, we’ve pulled together our top five tips for first-time buyers.
There are so many different options when buying a first home – whether you’re getting a loan from the bank of mum and dad, wading through the admin of the various government help-to-buy schemes, or going it alone. In every case, a mortgage is the first step you need to take.
For a rough estimate of how much you’ll need to borrow, there are plenty of online tools that can help. You could also speak directly to your bank about their mortgage deals. However, at Liberty Blue, we recommend that you have a chat with an independent mortgage broker. If you’d like us to recommend one please get in touch.
When you first start looking, it’s important to be realistic about your budget. By looking at properties way outside your price range, you could find it harder to see the potential in those that suit your current financial situation. Get yourself a vision board and focus on the things you really need from a new home.
Newsflash: not all properties are on Daft or MyHome. While these sites give you a good idea of what’s available and for how much, by registering with agents such as ourselves, we keep you in mind (and updated) before something even goes online.
There’s nearly always competition for a property, so it’s best to speak to experienced agents and register what you’re looking for instead of just relying on the internet. That being said it’s a good idea to follow agents’ social media to be first in the know about what’s coming soon for sale.
You might have a very specific list of requirements, such as area, parking, outside space, and so on. However, it’s important to be flexible when you view a property. It might not tick every item on your list, but it may also have tonnes of potential. Always view a property before you rule it out.
Once you’ve found a property, stay calm. If you’ve got your mortgage sorted, you’ve got a solicitor, and you’re regularly in touch with your agent, there’s no need to worry. We understand there’s a lot to get done before you close the sale; our job is to help you take any stress away.
We have served many first-time buyers at Liberty Blue over the years, and we’re ready to help you get your feet on the property ladder.
Contact us on 051 85 81 82 today if we can help in any way.
Cormac Finlay on Friday, September 16, 2022 in auctioneers, blog, buying a home in waterford, county waterford, Dungarvan, estate agents, liberty blue, property advice, Property News and Advice
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