Steps To Buying Your First Home

We ve broken it down into 10 simple steps.

Steps to buying your first home. Buying a house requires a lot of time and effort but these 10 steps can help make the home buying process manageable and help you make the best decisions possible. Start your research early as soon as you can start reading web sites newspapers and magazines that have real estate listings. Determine how much house you can afford. To kick start the housing market the uk governments have announced a stamp duty holiday.

First time buyers may find it particularly useful but as the buying process can change even more experienced buyers can benefit from understanding the latest key steps. Buying your first home is a huge commitment and a time consuming process. The first thing to do before buying a home is to make sure it s the right time to do so. Generally speaking owning a home pays off financially if you will live in it for at least five years.

It is focused on freehold. In england and northern ireland stamp duty will only apply if the property you buy is worth over 500 000. Daunted with the thought of buying your first home. The very first step every first time home buyer should tackle is to figure out their finances.

Start gathering a down payment.