To update those of you out of the loop, after 9 (nearly 10!) months of searching, 2 failed offers, a million house viewings and many sleepless nights… We have had an offer accepted! Yippeeee! Now the fun begins right? Not quite. As a first time buyer with little knowledge of purchasing a property, I thought it may be useful to put my experience out there into the world. There will be weekly updates plus my ‘keep busy’ projects along the way.
The all important offer
So let us begin! 1 week in from having our offer accepted on a house. Now I’m a fairly optimistic person but I didn’t think we would ever be in this position. But alas, here we are.
The house in question came on the market one unsuspecting Saturday afternoon and at this point I was refreshing Rightmove like a woman possessed so saw it pretty quickly. Oddly, I did not fall in love with it from the pictures and description as I have previously done. After consulting with the other half, we decided it was an interesting property (something we had not viewed in many months) and booked a viewing. For the next three days, my likeness increased – it was growing on me!
When the viewing came around, it was how everyone described it. You just know. I walked into that house and it hit me like a train. This was my house. Logic and sense were left at the door and dreams and emotions took hold. I wandered around in a semi-daze visualising all the colours/designs/furniture filling those rooms. I left with my heart attached to that 3 bedroom semi.
Amusingly, my indecisive boyfriend didn’t think the seller would accept our mid level offer with it being on the market so early. However, I had been watching Million Dollar Listings New York and worked my magic and tah dah! By Friday we had an offer accepted! Queue my excitement and boyf’s horror that I had actually gone and bought a house.
After researching the next stages of the process, my excitement wained ever so slightly at the timescales/costs/paperwork involved in buying a house. Me and my sidekick discussed this at length and mutually agreed that we loved the house and this was our next step in our lives.
The first steps
The first thing to do was to verify our details with the Estate Agent. This involves passports, proof of address and proof of a mortgage offer. Unbeknown to us, you also had to have a solicitor in place who would act as the conveyancer and complete the legal paperwork on your behalf. This caused mass panic as we had 24 hours to find one before our offer was cancelled/invalid/vanished. We kept a level head and chose a reputable Solicitors, which A) posts regular, helpful blogs and B) was trialling an online ‘Live Track’ program where you can login and view documents relating to your case. Very helpful for an impatient girl like me. The link to the blogs can be found here: http://fidler.co.uk/blogs/fidler/
So once Solicitors are in place, they make contact with the Estate Agent who gives them the Seller’s Solicitors details. Then everyone has a chat and paperwork starts flowing. The Seller has to fill in a large document detailing everything he knows about the property. Once this is received, things can start moving. Searches will be carried out on the property (future blog post to follow re this).
We have been to the Bank today to finalise details of the mortgage and all went well. We are ready to pay for the valuation from the Bank. This tells us, and the Bank, whether the house is worth the money and if it is, they will lend the money. I will update when this arrives/happens! We are also instructing a house survey of our own – I will blog about this later on when ours has taken place 🙂
Our next steps
- Organise the bank valuation and survey
- Wait for the seller’s paperwork to come back
- View the house again on Wednesday
- Look at wallpaper (Matt’s favourite bit – notttt)
Thanks for reading this blog post. It isn’t particularly funny or interesting but hopefully you found it informative and easier than me chewing your ear off.