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Things I wish i knew before buying my house

13

Comments

  • TheJP
    TheJP Posts: 1,988 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Part exchange properties are highly inflated and you can negotiate a good reduction, you can also pressure them into the sale quicker as they want to offload.
  • london21
    london21 Posts: 2,196 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    I wish I had been more emotionally prepared to how stressful home purchase can be. 

    I wish I had known that the conveyancing process can drag on and on far longer than I thought.

    viewed the auction property with another person for second pairs of eyes.

    stuck to my budget and not be too emotionally attached. 

    gotten a solicitor to read the terms and condition prior to bidding.

  • TripleH
    TripleH Posts: 3,188 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    When I bought my first house I bought in Wortley, Leeds nothing wrong with the area but I was a bit isolated there. I should have moved to Kirkstall instead as it would have been a better fit for me.
    Financially I did okay but it was 3 years of isolation.
    May you find your sister soon Helli.
    Sleep well.
  • MissRMB
    MissRMB Posts: 15 Forumite
    10 Posts Name Dropper
    Was FTB - wish I had understood the stress more. Wish I hadn't of trusted solicitor and questioned things more. Wish I'd have multiplied my money to use after purchase by 5! So many hidden extras that I now feel so insecure financially. Wish I had understood the market better when getting fixed term and how it can impact when remortgaging. 
  • MsACam
    MsACam Posts: 55 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    MissRMB said:
    Was FTB - wish I had understood the stress more. Wish I hadn't of trusted solicitor and questioned things more. Wish I'd have multiplied my money to use after purchase by 5! So many hidden extras that I now feel so insecure financially. Wish I had understood the market better when getting fixed term and how it can impact when remortgaging. 
    Curious on the last bit - as an FTB! - how does fixed term affect remortgaging? Thank you!
  • TheJP
    TheJP Posts: 1,988 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    MissRMB said:
    Was FTB - wish I had understood the stress more. Wish I hadn't of trusted solicitor and questioned things more. Wish I'd have multiplied my money to use after purchase by 5! So many hidden extras that I now feel so insecure financially. Wish I had understood the market better when getting fixed term and how it can impact when remortgaging. 
    Regarding the fixed term, did your circumstances change meaning you remortgaged before the fixed term ended? Usually you remortgage when the term ends and no early repayment charge payable.
  • Newnoel
    Newnoel Posts: 378 Forumite
    Third Anniversary 100 Posts Name Dropper
    I wish I'd bought my first flat in London five years earlier than I actually did!

     :D 
  • stillwaiting1
    stillwaiting1 Posts: 14 Forumite
    10 Posts
    MissRMB said:
    Was FTB - wish I had understood the stress more. Wish I hadn't of trusted solicitor and questioned things more. Wish I'd have multiplied my money to use after purchase by 5! So many hidden extras that I now feel so insecure financially. Wish I had understood the market better when getting fixed term and how it can impact when remortgaging. 
    What hidden extras? I am hopefully completing this week. We have already paid the solicitors. 
  • anotheruser
    anotheruser Posts: 3,485 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
    Wish we had stuck to our budget.
    We did but at the top end instead of £5000 less.  In fact, the lady wanted to sell, it was the husband that stuck out for the extra but we should have been prepared to walk away.

    Had a really good experience with a solicitor though - we'd use him again.
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