For anyone who has ever bought a house, you’ll be familiar with how stressful and life-consuming the process can be. This is especially true if you’re selling your existing home at the same time, and need to sell it before you can buy your next property. The property chain can be complex, and it only takes one person to pull out to leave your hopes and dreams in shreds.

But let’s not be negative. Buyer agents are there to help steer you through the process, and with the right agent as your ally, the potential for mishap will be minimal. However, there are steps you must take before you put in an offer on a property to help ensure the property buying process runs smoothly.

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Check your finances

This may sound obvious, but it’s important you establish how much you can afford to spend, and what your upper limit is. Talk to a financial advisor and the bank to establish how much you have to play with. You will need a certain amount of money for the buying process itself, such as paying a solicitor and surveyor. It’s important to work out what expenses you will incur throughout the process and set this money aside so that you know exactly how much you can afford to spend on a new home.

Approach a mortgage lender if required

You may be a cash buyer, but if you need to borrow any amount of money at all then you will need a mortgage. Research what mortgage deals are available before you approach lenders, then secure an offer from a lender before you start to view properties. Not only will you know exactly how much you can borrow and what your budget is, which makes the property viewing process more targeted, but a vendor will be more likely to sell to someone who already has their finances in place.

Research the neighbourhood

What you’re looking for in a neighbourhood – and a property – will be determined by your personal circumstances. If you’re buying a property for you and your family, then you might want to be near good schools and public parks. An area where there are good schools will always be sought-after by families, and this should reassure you, should you ever decide to sell the property you are about to buy.

Talk to people in the local shops, ask them what the area’s like. If you view a property, ask the neighbours how they like living in the neighbourhood. Check to see what the high street is like, check the amenities and facilities. If you don’t already know the area you plan to buy in, it’s important to form a sense of the neighbourhood in your mind and imagine yourself living there.

Be prepared to compromise

Let’s say you’re a cash buyer and are looking for a high-end property to buy in Wimbledon that ticks all your boxes. Even with a high budget, sometimes you can’t find everything you want in one property. The only way to live in a house that offers everything you want is to build it yourself. So make sure your expectations are realistic. No property is perfect, so when you begin viewing properties it will be as well to keep this in mind.

Viewing potential new homes

Before you view a property, write a list of questions you’d like to ask the vendor about the property. Make sure you look into every corner – don’t be afraid to be thorough when looking round. Ask a lot of questions. If you are interested in a property, make sure you pay for an inspection. This is very important, as the inspection might reveal structural problems, which may impact your buying decisions and the asking price for the property.

Are you looking for property for sale in Wimbledon, Wimbledon Village, Coombe Hill or the surrounding area? We know Wimbledon property, so if you’re a buyer looking in the area, get in touch with us today.

About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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