Most house purchases in the UK are part of a chain. You can look at property chains as a necessary evil. They’re frustrating, delay-causing and sometimes cause the transaction to fall through – but most of us wouldn’t be able to move house without one.
When buying a property, ensure that you factor in the cost of Stamp Duty before purchasing. Believe me! After our offer had been accepted and we'd instructed the conveyancers to oversee the purchase process, we were sent a breakdown of their costs. Legal fees, transaction fees, drainage and water searches were all there. Honestly, they don't miss a trick! Yet, the figure that jumped out at us was our Stamp Duty costs. Let me explain why.
Before you exchange contracts on that dream home, the local authority searches must be carried out. These are a necessary part of home buying, and woe betide anyone who skips them. But do they really have to take so long?
When you're just starting out on your homebuying journey, it's common to be a little naïve about the process. You might think that so long as you play by the rules and get an offer accepted, you should be able to secure your dream home.
When it comes to home buying, the wheels of progress don't always turn as quickly as we'd like. But can you blame it all on a slow solicitor? Before you fire off another angry email, let's meet the real culprit behind all those mysterious delays – the chain.
A property sale falling through can elicit some pretty strong emotions from the most level-headed among us. These can range from disappointment to downright rage. But the worst part? You've probably lost around £2,500 in the failed transaction – the average amount that sellers lose on a house sale that falls through.
So, how long does it really take to move house? If you’re the efficient type, you might think you can get it done and dusted within a month. After all, how long can it really take to arrange a few surveys and get some documents approved?
With our Rightmove filter down to anything that had been added in the last 24 hours, our constant searching of estate agent's Facebook pages for the very latest properties brought to market and our daily bombardment of email bulletins about houses that we might be interested in, it's safe to say that our potential new home was on our minds 24/7. Eat. Sleep. Drink. Properties.
It all seems very real when you've gone from viewing properties online, to seeing them in person to actually offering hundreds of thousands of pounds for a place! Here are some of our experiences, and lessons we've learned along the way...
Viewing a property almost feels as if you've graduated from Rightmove! You've gone from looking at houses on the screen to seeing them in person and, much like if you ever come across a celebrity out in the real world, they usually appear smaller than you'd imagined!