How to Find the House of your Dreams

How to Find the House of your Dreams

Nov 30, 2014Auction

Getting the home of your dreams may seem difficult, but the process can be simplified by carrying out careful research of the market.

The way people buy property has been revolutionised over recent years:

The very first thing any modern house hunter should do is to log onto the internet where a wealth of information about the local housing market can be found.

You should look at the property in local newspapers where you are interested in living. This will give you a good idea of house prices in the area.

Next, take a drive around the areas you are considering. Look at the types of properties that are around there. Take a note of what facilities are nearby and how close any train or bus routes are. Work out how long your commute might be. Go for a walk around any areas which you like and look out for any ‘For Sale’ signs, and which estate agents they belong to.

After that, visit the nearest town and have a good look in the estate agents’ windows. Take your time to work out a full picture of the market in the area. When you have a mortgage in principle in place, it is then the time to pay a visit or make a phone call to the agent who you think has the strongest presence in the market for the type of home you are looking for.

Arm yourself with any questions which you cannot answer yourself. Tell the estate agent your guide price range, but be flexible – you can look at houses above your budget in a slowing market, as there may be opportunity for negotiation.

Keep in mind the prime principle of property buying - location, location, location. Many argue that a smaller property in a better location will hold its value better and have a stronger resale value, than a larger home in a less desirable area.

Once you have a clear understanding of the market and what it can offer, you will be in a better position to act quickly when your estate agent, (who should be a member of the NAEA!), shows you the right property. You will also be able to better express to the estate agent exactly what you are looking for, which will save time all round

About NAEA

National Association of Estate Agents (NAEA) is the UK’s leading professional body for estate agency personnel, being part of a group representing 13,000 members who practice across all aspects of property services both in the UK and overseas. These include residential and commercial sales and lettings, property management, business transfer, auctioneering and land. The NAEA is a sister organisation to the Association of Residential Letting Agents (ARLA).

NAEA is dedicated to the goal of professionalism within all aspects of property, estate agency and land. Its aim is to reassure the general public that by appointing an NAEA member to represent them they will receive in return the highest level of integrity and service for all property matters. Both NAEA and ARLA members are bound by a vigorously enforced Code of Practice and adhere to professional Rules of Conduct. Failure to do so can result in heavy financial penalties and possible expulsion from the Associations.