In this video I give you a step by step guide on how to buy your first property. I explain each step along the way in detail such as how to find a property, book a viewing, what to look out for, making an offer, getting it accepted and the legal process. Theres also a top tip at the end so keep watching.
Step 1 - Finding the property
Online portals such as Rightmove, Zoopla and OnTheMarket are the best websites to find a property as all estate agents list properties on these portals. You should also consider the distance from you, price, number of beds and property types.
Step 2 - Booking a viewing
Just call the estate agent listed at the bottom of the ad on the property portal. It's always best to be polite during this stage.
Step 3 - What to look out for
It's always best to bring a property viewing checklist for this stage and look out for any signs of damage, damp & noisy surroundings.
Step 4 - Calculate what the property is worth to you
There are a number of ways to calculate what the property is worth to you such as using recently sold comparables, £/sqm or yield calcs etc. It's also worth considering if any costs of renovation are required to be included.
Step 5 - Placing the offer
This is usually done via email or letter and can be less than, equal to or more than list value.
Step 6 - Instructing a conveyancer
A solicitor/conveyancer will need to be instructed, it's always worth instructing one local to you and not necessarily the cheapest because these can have too much work on their plate.
Step 7 - Behind the scenes
Behind the scenes, the solicitor/conveyancer will do a lot of work behind the scenes and complete a number of searches.
Step 8 - Your requirements
A survey should always be considered but is not always necessary and there are a number of different levels/tiers of survey.
Step 9 - Exchange and completion! Congratulations!
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more property related content - https://youtube.com/channel/UCRTndpz_fpcVcoVe0QF1IgA
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
#RealEstate #BuyAProperty #FirstTimeBuyer
Step 1 - Finding the property
Online portals such as Rightmove, Zoopla and OnTheMarket are the best websites to find a property as all estate agents list properties on these portals. You should also consider the distance from you, price, number of beds and property types.
Step 2 - Booking a viewing
Just call the estate agent listed at the bottom of the ad on the property portal. It's always best to be polite during this stage.
Step 3 - What to look out for
It's always best to bring a property viewing checklist for this stage and look out for any signs of damage, damp & noisy surroundings.
Step 4 - Calculate what the property is worth to you
There are a number of ways to calculate what the property is worth to you such as using recently sold comparables, £/sqm or yield calcs etc. It's also worth considering if any costs of renovation are required to be included.
Step 5 - Placing the offer
This is usually done via email or letter and can be less than, equal to or more than list value.
Step 6 - Instructing a conveyancer
A solicitor/conveyancer will need to be instructed, it's always worth instructing one local to you and not necessarily the cheapest because these can have too much work on their plate.
Step 7 - Behind the scenes
Behind the scenes, the solicitor/conveyancer will do a lot of work behind the scenes and complete a number of searches.
Step 8 - Your requirements
A survey should always be considered but is not always necessary and there are a number of different levels/tiers of survey.
Step 9 - Exchange and completion! Congratulations!
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more property related content - https://youtube.com/channel/UCRTndpz_fpcVcoVe0QF1IgA
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
#RealEstate #BuyAProperty #FirstTimeBuyer
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Hi how do you know if the property has had a previous survey?
Hey Thomas,
Would like a video on the pros and cons of buying a buy-to-let in your own name or in a company.
Also, do you buy your investments in areas you don't know very well (as in, never actually lived there yourself)?
Hi there! Sweet video, excellent looking channel! Couldn’t help but give you a sub, I really hope if you get a couple of spare minutes you could check my channel out! We are in the same or similar subject matter
All the best for your future investing/finance endeavours
Let me know if these steps make sense and what other kind of videos you'd like in the future