Buying a Property Advice for First-Time Buyers- Viewing, Putting in an Offer and the Dangers of Gazumping

Getting on a property ladder and buying your first house can be a big accomplishment, but it is also a challenge. There are some risks especially for a first-time buyer that you need to be aware of. When you buy a house, you are making a serious commitment for the next decades so while you might feel anxious or delighted to finally be able to buy your first house, you need to be careful to make sure you don’t make any mistakes in the process.

Here are some useful tips to make sure you avoid some of the most common risks of buying a new house:

1. Don’t trust some of the images you see online

If you are looking for a house online, be a little sceptical on the pictures you see. Especially if you see computer generated images.

There is no replacement to go out and see the house yourself. When you view a house you will be able not only to see the neighbourhood and the surroundings as you will see exactly everything you want to. You will better evaluate the building materials and the construction quality, and no pictures could really show so much about the property.

Pictures are taken at the right angles to show you the best things only. If there is a problem in the house you can be sure you will not see it on a picture.

While you can start your search online, never forget you need to view the house, and if possible you want to go there more than once at different times to get a better insight on the neighbourhood.

2. Meet the neighbours

If possible talk with someone that lives in the same neighbourhood and ask them how it is like. Vendors won’t tell you if the neighbourhood has some problems, so your best option is to speak with locals.

3. Control your emotions and interest

If you are visiting what it looks like your first perfect house, do not show any excitement or interest. Not only you need to see more houses to see if this one is really that great, as the more interest you show the harder it will be to negotiate the price.

4. Negotiate the price

Prices are almost always negotiable. So when you finally found the perfect house to buy, make an offer below the asking price. Do not worry if it gets rejected, that might be even a good sign. If your first offer is accepted instantly, you are probably paying more than the seller was able to sell it for.

5. Avoid gazumping at all costs

Gazumping happens when a buyer outbids another buyer that already made an offer and paid the deposit. Gazumping causes not only frustration for buyers who thought they had secured their perfect house, only to get outbid by someone else overnight.

Gazumping can also leave these same disappointed buyers with legal bills and surveying fees.

6. Plan moving to the new house

When you finally bought your dream house, you need to move all your furniture there. You need to plan it in advance to make sure everything goes smoothly.
Decide whether you need a full home removals or man & van service to assist you and to make sure you will be able to move to the house of your dreams as soon as possible.

Call us on 0203 282 1582 or email for a free no obligation quotation!