In an active market you’ll need to be quick in snapping up the property you want, and be ready to move quicker than you imagined. So here are 5 tips to enable you to move fast.
Get a Mortgage in Principle
A mortgage in principle is also known as a Decision in Principle (DIP), Agreement in Principle (AIP) or mortgage promise.
This is a statement from a lender saying that they’ll lend a certain amount to you before you’ve finalised the purchase of your home.
Know who will represent you
Finding a solicitor ahead of finding the home will help save time & you will be in a position to give contact details to move the conveyancing process along without delay.
Estate Agents & Realtors usually work with retained solicitors or attorneys & will offer you access to theirs.
They will earn a retainer if you use theirs but they may be more expensive than one you have sourced yourself. Always ask the solicitor or attorney for a quotation of the fees so you can make an informed decision.
Sign up to property search websites
Whichever website you choose, enable email alerts so that you will be the first to know when a property that fits your criteria comes onto the market
Sign up with Estate Agents / Realtors
Find professionals in your ideal location & give them the criteria you are looking for. They will call you whenever they are instructed on a new property ahead of putting on their websites usually
Check social media
Many social media websites have property sections so check several times a week
