Everyone knows that real estate is a very expensive expense. Everyone hopes to choose a house of their choice, with high quality and a reasonable price.
Therefore, some friends often come to consult real estate agents. When buying a house, in addition to paying attention to the price and floor plan , what else are worth noting?
Today, Lan Shajun is here to share with you what you need to know when buying a house. Pay attention to some small details, they may seem insignificant, but if we don't pay attention, it may lead us into potential"trap ”, pay more money or miss out on your favorite property.
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1, do not negotiate or submit an offer as early as possible
When buying a house in the UK, price negotiation is a relatively common operation, but some buyers may worry about conflicts with other buyers#{56 }"Competition", dare not negotiate.
In fact, There is no need to worry. Since houses are high-priced commodities, a discount of 1% also means saving a lot of money. } Usually the seller will leave room for negotiation to the buyer when asking for the price, especially cash buyers, who may negotiate. Get better discounts If you are worried that you cannot grasp the bargaining scale, you can also You can seek help from your own real estate agent, who is usually more experienced. In addition to daring to negotiate the price, another mistake many buyers often make when purchasing is not to make an offer as early as possible, but to wait until the transaction has been carried out for a period of time before making a very low offer in the hope of getting a big discount . This situation often leads to transaction failure. We still recommend that you accept the real estate agent’s offer. guidance, they will understand the sales situation and whether the seller can accept the low price. Don't be afraid to negotiate a discount, but don't wait until the last minute to make a very low offer. Generally speaking, unless the house is difficult to sell, the seller will not accept an offer that is too low. 2, Ignoring the home inspection In the UK, once the seller accepts the offer, the next step is for the buyer to conduct a home inspection. {17}When buying a house, in order to save money, some buyers usually choose not to do a quality inspection report on the house, or simply rely on the lender’s valuation (Lender valuations ). A so-called lender's appraisal, a property inspection performed as part of a mortgage application, is relatively crude. Buyers are better off asking a professional to issue a homebuyer's report (Homebuyer's Report). They will inspect the condition of the property to see if there are potential For some older properties, it is best to ask a professional to issue a complete certificate. Structure report (Building Survey, sometimes also called Structure Survey), this The report will investigate the structural condition of the entire building. Although it is more expensive, it will also identify whether there are major problems with the home to avoid loss to the buyer. 3. Fear of making a commitment early People often get stuck when looking for a house"Maybe there is a better one# {8}” mentality. After some buyers find a property they like, they often hesitate because they are worried that there may be a better property. #{ 13} Although it is important to shop around, sometimes you have to trust your intuition. Some friends have missed out because of this mentality. I bought my dream home and then spent years trying to find a similar one, only to find that prices had increased and the market had changed. #{ 23} 4, excessive pursuit of perfection #{34 } We all know that almost nothing in the world is absolutely perfect, and houses are no exception. If you always look for the most perfect property when looking for a house, it may be difficult. Find the most suitable one. It is best to make a list of the properties you want most when buying a house. Features, and prioritize them. For example, if you want a good school district and a big garden, be open to less important factors. 5, only watch online With the popularity of the Internet, many buyers are accustomed to online shopping Find properties on.But in fact, friends who know about British real estate know that the supply of housing in the UK is very serious, especially in big cities like London, where there are very few high-quality houses, and good houses may have been booked before they are posted online. So, if you have the conditions, you can go on-site inspections, or ask relatives and friends to help you Pay attention to whether there are houses for sale nearby. If not, it is best to find a reliable agent. They have a relatively large number of houses on hand and can recommend suitable properties according to your needs. 6、Buy a property that needs renovation#{22 } When buying a house, some friends may be attracted by second-hand houses that need to be renovated. Such houses are often more expensive. Low, and there is no shortage of examples in the UK of investors gaining value after renovating properties. But it should be noted that most of these successful people are professionals in this industry For most ordinary people who have no maintenance skills, buying a house that needs renovation may not be a wise move. This is because, in the UK, many jobs need to be carried out and signed off by professionals to Meeting building regulations and codes, and the cost of professional tradespeople in the UK is not cheap. Many friends who want to save money by buying a second-hand house may find that they end up spending much more than buying a new house. 7、Focus on the surface#{8 } Nowadays, we have higher and higher requirements for the quality of our residences. Some friends may be attracted by herringbone floors, Marble countertops are attractive. But it should be noted that these are the icing on the cake. Or should you prioritize more important factors, such as location and layout, because getting these factors wrong will cost the buyer more in the long run In addition, once you get the key and move in, you can always add your favorite decorations, but the layout is difficult to change
8. Failure to improve bad credit score
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Some friends may need to apply for a mortgage loan when buying a house. Before officially applying for a loan, it is best to check your credit rating to ensure that it is in good condition. .
If the buyer has a poor credit score, Banks will refuse to lend, which will further worsen the buyer's credit score and limit their options.
Sometimes, a buyer may just have 1# If you forget to repay the unpaid {10}, 2, your credit rating will deteriorate. If you check it as early as possible, you can leave some time for improvement. Problems that exist, restore credit score.
9, underestimate the overall cost# {27}
When buying a house, some friends may only focus on the down payment, thinking that they can buy a house if they collect enough, but they often underestimate the overall price. cost.
In fact, in addition to the down payment, there are some other major expenses when buying a house, including deposit, Stamp duty, home survey or inspection fees, conveyancing fees, insurance premiums, mortgage arrangement fees, legal fees and more.
It is best to ask the agent in advance how much these fees will be and set aside a certain budget. .Don’t wait until the transaction starts only to find out that you don’t have enough funds.
10, Not using a mortgage broker#{ 60}
Everyone Everyone hopes to save money when buying a house. Some friends also think that it is not cost-effective to find a mortgage broker, so it is better to do your own research online.But we recommend that you find a professional mortgage broker when applying for a loan.
They can usually help buyers save time and recommend more suitable products, which Meaning, buyers end up saving money in the long run with lower interest rates.
In addition, in order to protect the rights and interests of customers, the UK’s loan rules are very detailed and professional mortgage loans An experienced agent will explain the rules to buyers in detail and avoid any traps.
11, find unreliable agents or lawyers
When buying a house, we also recommend that you look for reliable agents and lawyers who can With your professional knowledge, buyers can avoid many pitfalls.
The fees of some agents and lawyers may be ridiculously cheap, so you need to be vigilant. .When choosing, it is best not to just focus on the fees. It is best to choose an organization with a good reputation in the industry and a more responsible organization.
12, do not pay attention to freehold and leasehold property rights
As we all know, there are two mainstream forms of property rights in the UK: freehold properties (Freehold# {17}) and leasehold housing (Leasehold). 27} When buying a house, you should also pay attention to whether you are buying a freehold property or a leasehold property. #{ 35} For houses with leasehold property rights, the buyer only owns the property rights of the house itself, but does not own the land on which the house is located. The land belongs to the landowner (landowner). The buyer needs Pay rent to the landlord and renew the lease when it expires Although, The ownership period of most new houses is very long, which can reach 999 years. However, for some second-hand houses on the market, the leases are usually shorter, and those leases only have a few years left. For ten-year properties, extension fees are usually high. The fewer years of ownership, the higher the extension fee will be. }13、Purchase non-standard real estate Some friends may consider non-standard residences such as commercial houses and warehouse converted houses. , but these houses are not as easy to obtain mortgage loans as other ordinary residences because, some. Lenders are reluctant to lend to commercial buildings or apartments above shops because, from the lender's perspective, they face greater risks that are beyond the owner's control, such as security breaches. } 14, resale is not considered When most people buy a home, they get so caught up in the process that they forget that they will most likely sell their home at some point. . Therefore, it is best for everyone to consider future resale issues when buying a house. , is it located in a popular location for buyers? 15#{ 47}. Don’t consider the neighborhood relationship When we buy a house we... We often move to a new area. Therefore, if you have the conditions, it is best to spend extra time to get to know the area and see if you like it, what is the relationship with the surrounding neighbors, and what is the community atmosphere like. Buying a house is the top priority in life.Finding a property you like is not an easy thing. Therefore, when buying a house, in addition to paying attention to the location, price, and floor plan of the property, Don’t ignore these small details in the article. Of course, in addition to doing your own homework, the most convenient thing is to find a reliable intermediary. Let professionals handle professional matters. If British real estate investment buyers are worried about buying a house, please feel free to contact Lansha Real Estate at any time Consult a professional consultant. 
