The expectations & reality of buying your first home

ACG

This is one of those things that can either go like clockwork or can have you not far from having a heart attack.

A lot will depend on the:
Vendor,
Estate Agent,
Lender,
Solicitors,
and the property.

My first house i bought went through within about 4 weeks, vendor was the estate agent and we both wanted a quick job, both had good solicitors easy!

My second house, i was happy to put an offer in having seen it from the outside. Estate agent demanded i see it from the inside and until i had wasnt comfortable proceeding. The vendors solicitor was useless and the vendor himself was acting on behalf of his 92 year old dad - so that was a bit of a ball ache. All in all that took about 8 weeks which i found quite frustrating, managed to pull a favour out of the bag with the lender though otherwise it would have been another week.

Tancred

NervousHomeowner wrote: »

I'm a FTB and buying a house is nothing like what I thought it would be Owning a place has been my dream since I was a child. When my partner and I finally decided to buy a house, I was absolutely elated and couldn't wait to get house hunting.

However, It wasn't exactly what I had expected. The estate agents were lousy, the properties we could afford weren't what I had hoped for and we ended up having to fire our first mortgage broker for holding our purchase up for 4 weeks. Although we have now found a fantastic place to live, we got an electrician out to give it the once over yesterday and it turns out that a lot of the electrics are totally unsafe & need replacing!

I thought I was totally prepared for the process of buying a house and wouldn't be like those naive first time buyers who go in expecting everything to be rosy & easy. I expected it to be hard.. just maybe not this hard

So, I thought I'd ask everyone else in the hope that I'm not alone! How did your expectations of buying your first house compare with the actual reality of it?

Welcome to the club! Buying a house is the most disillusioning experience of one's life. Of course if you can spare a million then you won't need to worry but most people these days are having to stretch just to buy a hovel. This is certainly the case in London and the Home Counties. Good luck.