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  • FIRST POST
    • Nikkinakkinoo2017
    • By Nikkinakkinoo2017 12th Mar 17, 10:16 PM
    • 4Posts
    • 2Thanks
    Nikkinakkinoo2017
    Clueless first time buyer question!!
    • #1
    • 12th Mar 17, 10:16 PM
    Clueless first time buyer question!! 12th Mar 17 at 10:16 PM
    Hi everyone. My husband and I have been saving for so many years and our time is almost here. We have seen a house we LOVE the look of and are going to view it this week hopefully. There is only one problem stopping us, is it ok to go and view when you are a month off having the full deposit ready for the top of your budget? I don't want to waste the sellers time and I don't want to fall in love and then be heartbroken when the reality is we cant have it? Is it ok to go and view and start the ball rolling while we wait for payday?
    Thanks for any replies
    XX
Page 1
    • JP1978
    • By JP1978 12th Mar 17, 10:26 PM
    • 159 Posts
    • 142 Thanks
    JP1978
    • #2
    • 12th Mar 17, 10:26 PM
    • #2
    • 12th Mar 17, 10:26 PM
    No harm in it at all but I would also look at other houses as well, just to give you an idea of what is around and learn how to view houses.

    When we viewed the house we are in now, we hadn't even got our house on the market nor had we got an DIP! - obviously the vendor was a little taken aback but we knew that our house would sell quick (it did, 5 offers within 10 days of been on the market).
    • hazyjo
    • By hazyjo 12th Mar 17, 10:26 PM
    • 8,661 Posts
    • 10,647 Thanks
    hazyjo
    • #3
    • 12th Mar 17, 10:26 PM
    • #3
    • 12th Mar 17, 10:26 PM
    Finances sound way too tight if you need to wait a month. If you think you can manage it, it definitely wouldn't put me off viewing. You will prob need an Agreement In Principle (AIP) though before anyone takes any offer seriously so that might slow you down.

    It's likely to take 3 months from offer to completion - presuming the chain is complete.

    Do you have enough to pay the associated costs with buying a house?! Solicitors, stamp duty, removals, valuation, survey, mortgage product, broker maybe, etc...

    Do you have somewhere to sell?
    2017 wins: Opera tickets; cinema tickets; Ideal Home Show tickets
    • Sjc1973
    • By Sjc1973 12th Mar 17, 10:29 PM
    • 75 Posts
    • 140 Thanks
    Sjc1973
    • #4
    • 12th Mar 17, 10:29 PM
    • #4
    • 12th Mar 17, 10:29 PM
    your not wasting the sellers time, if you make and have a offer accepted, the whole convanying process is likely to take more then1 month I would suggest getting a mortgage in principle if you don't have that already!
    • Nikkinakkinoo2017
    • By Nikkinakkinoo2017 12th Mar 17, 10:46 PM
    • 4 Posts
    • 2 Thanks
    Nikkinakkinoo2017
    • #5
    • 12th Mar 17, 10:46 PM
    • #5
    • 12th Mar 17, 10:46 PM
    Thanks for the replies everyone. We have an agreement in principle and have the fees for solicitors and stamp duty as we have gradually been topping up two accounts. We have nowhere to sell either
    • Sjc1973
    • By Sjc1973 12th Mar 17, 10:50 PM
    • 75 Posts
    • 140 Thanks
    Sjc1973
    • #6
    • 12th Mar 17, 10:50 PM
    • #6
    • 12th Mar 17, 10:50 PM
    You seem in a good position then, Seller will like that you are not having to sell as less of a chain.

    Go see that dream house and good luck
    Last edited by Sjc1973; 12-03-2017 at 10:53 PM.
    • Nikkinakkinoo2017
    • By Nikkinakkinoo2017 12th Mar 17, 10:56 PM
    • 4 Posts
    • 2 Thanks
    Nikkinakkinoo2017
    • #7
    • 12th Mar 17, 10:56 PM
    • #7
    • 12th Mar 17, 10:56 PM
    Ahh thank you xx
    • waamo
    • By waamo 12th Mar 17, 11:52 PM
    • 946 Posts
    • 905 Thanks
    waamo
    • #8
    • 12th Mar 17, 11:52 PM
    • #8
    • 12th Mar 17, 11:52 PM
    The only concern I would have is can you save enough to cushion a blow? This really shouldn't be a biggie but please do bear in mind you may have to pull out or buying a dream home.

    For example the survey might show serious issues or the valuation might be low. It can cost a fair bit with solicitor fees, survey few etc.

    It probably won't happen but if you are prepared then all is good.

    Enjoy your new home.
    This space for hire.
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