Buying a new home is the single largest investment that most of us will ever make. With so much money at stake, it’s not surprising that house buying is one of life’s most stressful processes. Whether you are a first-time buyer or this is your third time around, you will probably find yourself worrying about all manner of things. However, don’t forget that it should also be an exciting and enjoyable process.
If you are looking at houses for sale in the Wandsworth area, Trust Milo Ltd is here to help deal with the stress surrounding buying a house.
On this blog page, we look at some of the most common concerns that most prospective buyers share. We also offer some advice on how to overcome these fears or put them to bed altogether.
Some of these concerns include:
Being Refused a Mortgage
This is perhaps the biggest concern for most people looking at houses for sale. Especially first-time buyers. If you’re worried that a lender may not accept you for a mortgage, the best thing to do is seek professional advice from a reputable financial consultant. They will inform you of everything you need to do to improve your chances of getting that mortgage to buy your new home in Wandsworth.
This may include looking at a wider variety of available mortgage rates, or even advice on how to increase your current credit score.
Ending up with neighbours from hell is another big worry for those interested in houses for sale in the Wandsworth area. This is particularly true for those who get along perfectly well with their current neighbours, or if you are looking to move away from a rough neighbourhood. If this is a concern for you, there are several things you could do to dismiss these fears:
• Take a walk in the local area, or drive around, to get a feel for the neighbourhood
• Don’t just visit the area at a quiet period when there’s nobody around. Consider going back in the evening, once everyone’s home from work. This will give you a better idea of what everyday life would be like at your new Wandsworth home
• Once the vendor accepts your offer, don’t be afraid to knock on doors and introduce yourself. Not only will this put to rest whatever fears you may have, but it’s a great opportunity to build up a good rapport with the neighbours
Affording a Home in Your Preferred Area
With so many houses for sale throughout the Wandsworth area, there’s a good chance you’ll find the ideal property for you and your family. However, what if you can’t afford it or someone else snaps it up before you even have a chance? Would you be willing to compromise and look in a different location?
It is always worth exploring the local surrounds to see if you can find an equally promising property in a slightly cheaper area.
Alternatively, if you have already fallen in love with the area, you could just wait until you’ve saved up a bigger deposit. You could even look into a Help to Buy scheme.
Another option is to go for a property in need of a little more work. While major renovation work isn’t cheap, the cost of the property will probably be a lot less.