1. Know what you can spend
This is you first major purchase so make sure you have the financing available. When you are first time buying it is the house you'll look at first before getting finance in place. Rather than be disappointed know exactly what your budget will be.
2. Investigate bank mortgages
Contacting an independent mortgage advisor is a great first step. A good advisor will provide you all the current information based on the criteria of a new or used house or flat and the approximate purchase amount.
3. Don't confuse need and want
First list everything you want from a home and place them in order of importance. Lifestyle could include a garden, offstreet parking etc are all part of the need to feel good about your purchase. If you have minimum standards for your home it will greatly increase your enjoyment and make you feel it was all worth while without regrets.
4. Start searching
Websites are now the first stop for most buyers. Checking out the latest properties online with your partner in the comfort of your surroundings can really focus you decision. The next step is to visit your high street agents in the desired area. Agents are a great source of information about the surrounding areas.
5. Deal or no deal?
When you spot the property of your choice the next step is a buying decision. Is the property right for you? Can you make it a home? Are there any compromises you will have to make?
6. Understand the value of the property
Am I paying the right price? Is the location right for me? Your agent is there to help you answer these questions. Check the internet for comparative prices in the area. A good estate agent should be able to provide some of this information.
7. Make an offer
You may want to move quickly once you have found the home of your dreams. Know what you want and what you can afford. Factor in costs that may include any renovations. Any changes you make won't always add value so do your sums. Your offer must be subject to survey. If all parties are happy then the respective solicitors will draw up a purchase contract to sign.
8. Get a survey
A survey is of prime importance before you make an offer. This will highlight any issues regarding the property.
9. Exchange and completion
Once your solicitor has completed all the legal issues to do with ownership and environmental concerns both parties can then agree terms. At the exchange of contracts the deposit is taken and both parties are now bound by that contract. Completion usually takes about a week after you have exchanged contracts. You are now the official owner of the property.