Property Buying in London – Do’s and Don’ts

 A home of their own is a dream of every person no matter which part of the globe they stay in. Many people save for years together to accumulate the required amount to buy a house of their own. Many others take a loan from the bank and buy a house and then for long years pay that loan in installments. In any case people want to realise the wish of having their own roof over their head.

Buying property in London is not an easy deal considering the fact that it is a cosmopolitan city. The rates are sky high and the supply for the demand in real estate market is very less. Does that mean one cant buy a house at all in London? No, they can but they need to be much more smart, informed and selective in the way they search and make deal. It is a very smart choice to have property solicitors Londonon your side when you are dealing with properties in this city. This will make sure no agent will fool you into paying more or selling a substandard property disguised as a pretty one. Following are the common do’s and don’ts you need to keep in mind when you are searching and finalising the property deal.

Do’s:

1. Search smartly and precisely. This means you should not search in all directions, in all localities and for all kinds of properties. Whether you approach an agent or you are taking the help of your family and friends, be very clear of what you want. Zero in on a few localities and concentrate your search in those areas only. You will save time, energy and money in the search endeavour.
2. Consult your property lawyer: It is very important to keep you property lawyers London to keep in the loop in any kind of paper work you do. The contract prepared by the dealer or the agent needs to be completely checked because what you may miss out seeing, the property lawyer will spot.
3. Do survey the neighborhood: once you select a house or property, visit the neighborhoodand ask around. You should collect information about the facilities and amenities in that area. Also enquire about the builder and how is the feedback regarding after sales response from him.

Don’ts:

1. Do not be lured by pretty looking properties and end up buying something more that you really need. The first thing you should do it list down the musts in your house and the other facilities that are optional. The budget needs to be fixed on this and the search should take place accordingly. You might end up liking a very good looking property but don’t be fooled. Ask yourself do I really need this? Only if you as a family agree on it and think that you can afford it, then go for it.
2. Don’t overbid in an auction: Auctions are  a very good place to buy a property as you really might get good deals. But if you are a first timer then you better be accompanied by your property lawyers London. Don’t every do the mistake of paying more for that property than it is actually worth.
3. Don’t sign a no conditions contract with your agent or the builder. This is the worst mistake you might do in the property market. Instead get all your clauses properly written and phrased by your property solicitors London. This will ensure you will not have any surprises after you purchase the property.

Accomplish your dear of a house by choosing wisely and getting the right advice at the right time.