Get Ahead of the Competition When Buying a New Low Fell Home

Get Ahead of the Competition When Buying a New Low Fell Home

Property Sarah Mains 31st August 2022

If you’re looking for a new home, time is of the essence. The market is competitive, it seems like prices are always going up, and there’s a lot to get organised. But don’t fret – we’re here to help.

 

While buying a property is never stress-free, avoiding some common mistakes can make the process a little easier.

 

In this quick read, we look at ways that buyers can avoid losing the race towards purchasing their dream property.

 

Avoid money melodramas

There’s always a time crunch when you find a good property, as it’s unlikely you’ll be the only one interested in it. To outrun other potential buyers, you need to get your finances sorted. Check out the following pointers to get a head start:

 

• Check your credit score. If it’s low, you may struggle to get a mortgage.

• If you know how much you can afford, make sure you’ve got a large enough deposit saved. There are plenty of online tools to help you work out how much you’ll need.

• Get a mortgage in principle so you know how much you can borrow. This is valid for three to five months and shows that you can move quickly and mean business.

 

Trust the professionals 

From estate agents to builders, conveyancers to mortgage brokers – the people around you matter. Many buyers don’t take advice or ignore what they’re told, which can lead to countless problems.

 

Use a trusted local estate agent (like us!) and ask questions about the property and area you’re interested in. Liaise with a mortgage broker to find the best deal and appoint a conveyancer as soon as possible so that the legal aspects of the purchase can get off to a strong start. Without using professionals, buyers can quickly get swamped in legalities and financial complexities.

 

Don’t underestimate costs 

When buying an older property, get a surveyor round or view the property with a builder before making an offer. Many buyers underestimate the costs of renovations or repairs, so their dream home can quickly feel like a burden rather than the start of a new chapter.

 

Legal fees, commission payments and other associated costs can build up, so it’s essential to ensure enough money is left in the pot to carry out any work.

 

If you’re looking for a new property, Sarah Mains Residential can help, get in touch with us on 0191 487 8855. 

   
 

Newcastle Office
119-121 St George's Terrace
Jesmond
Newcastle upon Tyne
NE2 2DN
0191 240 3333

js@sarahmains.com

Low Fell Office
4 Beaconsfield Road
Low Fell
Gateshead
NE9 5EU
0191 487 8855

lfs@sarahmains.com

Whickham Office
8-10 The Square
Whickham
Newcastle upon Tyne
NE16 4JB 

0191 488 9999
ws@sarahmains.com

About Us

Sarah Mains Residential Estate Agent | Branches throughout Newcastle and Gateshead. 

Open 9am to 5.30pm Monday to Friday and 9am to 1pm Saturdays

2021 © Sarah Mains Residential Sales & Lettings. All rights reserved. Terms and Conditions | Privacy Policy | Cookie Policy | Complaints Procedure | Disclaimer
Sarah Mains Residential Ltd. Registered in England & Wales.  Company No: 04324202.  Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE . 
Sarah Mains Residential (Whickham) Ltd. Registered in England & Wales.  Company No: 05774118.  Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE . 
Sarah Mains Residential (Newcastle) Ltd. Registered in England & Wales.  Company No: 04919065.  Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE .