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Top 5 Mistakes Buyers Make- and How to Avoid Them

Top 5 Mistakes Buyers Make- and How to Avoid Them

Welcome back to another episode of Stentons Property blogs! This week we'll be discussing the top 5 mistakes buyers make when buying a property and how these can be avoided!

Buying a property isn't just a financial decision; it's an emotional one too. Whether you're buying your very first home or adding to an investment portfolio, the process can feel overwhelming at times.

Many people seem to fall into the same traps when buying a property. The good news? Most mistakes are completely avoidable once you know what to look out for. In this week's blog I'll share the five most common mistakes buyers make and, more importantly, how you can avoid them!

1. Falling in love too fast – It's natural to get emotional when you find a property that feels right. But letting your heart lead can blind you to real issues. Before making an offer, make a checklist: location, condition, price, and resale value.

2. Skipping the survey – Too many buyers skip a home-buyer's survey to save money, only to discover a costly problem later down the line. Always get an independent survey, even if the property looks great!

3. Underestimating costs – You've budgeted for the deposit, but have you factored in stamp duty, solicitor fees, moving costs, and a possible renovation budget? List every potential cost early on to avoid surprises.

4. Being too fast – It's a tricky balance; move too slowly and you risk losing your property, rush in and you might miss critical issues. Be prepared before you view properties: mortgage in principle, solicitor lined up, and have a surveyor ready.

5. Ignoring the neighbourhood – You can change a house, but you can't change its location. Be sure to visit the area at different times and check public transport links, schools, and future development plans.

Final thoughts

Buying a home is a huge step, and mistakes can be expensive, but a little preparation goes a long way. Remember, it's not only about finding a perfect property; it's about making a smart, informed decision you'll feel good about for years to come!

If you're unsure, don't be afraid to contact us with any questions!

Until next time, happy house hunting!

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