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Just Bought A House: Now What?

Just Bought A House: Now What?

So, you just bought a house - now what? On the whole, there are two different things that have to be done - getting ready to move into a new house and getting everything in order in the old one. Most of these things can be done simultaneously, and the primary aspects you should pay your attention to are as follows:Make sure previous utilities bills have been paid This moment should be negotiated immediately after closing the deal. Make sure all red tape details are in order before you move in. Also, do not forget to pay your own bills before you move out.Consider renovating the house Take a good critical look at your house and think what you would like to change. Most likely, you will have a whole range of ideas but you should not hurry to carry them out –wait a little, as ideas often change. You want to be 100% certain that those are the renovations you want – whether it is new wall colour or an extra window in a living room.Order the furniture you need for your new home Renovation or no renovation, it is quite likely that you will need new furniture for your new...

Frequently Asked Questions When Buying A Home

Frequently Asked Questions When Buying A Home

Buying a house is associated with an entire range of questions. Most frequently asked questions when buying a home could be roughly subdivided into three categories: before looking for property, during the search, and after closing the deal.  Before Do I need an estate agent to represent me? As a rule, estate agents represent sellers, not buyers. However, buyer’s representative may also be a wise choice. Yet, you should note that the represented person is the one paying the fees, so you might want to think twice about this. Should I look for ‘for sale by owner’ property? This can be the option, but it comes with a kick. First of all, there are few real estate properties that are for sale by owner; and, next, it would be quite difficult to find out all the relevant details about the house you are interested in. Estate agents, even if they represent the seller, come up with an objective evaluation of the property, so it is often a safer and more reasonable way to look for houses. When do I talk to the bank? Ideally, you should talk to a bank even before you start looking for houses. They will tell you what mortgage plan you can be...

Buying A House Process – Money Timeline

Buying A House Process – Money Timeline

Everyone knows that buying a house is a long and expensive process. Yet, not everyone realizes that apart from the property cost, there is a set of other expenses. Without them, it would be simply impossible to go through the complete process. The detailed buying a house process – money timeline typically goes as follows:Estimating your budget Even before you start looking for the house of your dreams, you should carefully evaluate your budget and figure out what you can afford. Your savings should be enough to cover the first deposit and the mortgage fees, which may be as high as  £2000. Then, you should check your credit report and talk to your bank representative – he/ she will be able to tell what mortgage plans you are eligible for (the consultation is free). Making your offer After that, you can start looking for houses. If you find something you like, you can make an offer. The offers are typically made via real estate agents. As a rule, agents represent sellers and, consequently, sellers pay the fees. If you want to hire a buyer’s representative, which is not necessary, you will be the one paying for your agent’s services. Hiring a solicitor While hiring a...