Buying a home? Here are the 5 most common pain points and how to deal with them
Rising rents, hiring and pay freezes, and a lack of affordable homes – these are just a handful of barriers prevent prospective homeowners from achieving their home ownership. It’s no secret that the UK is facing a housing crisis, with home prices rising faster than wages. With many locked out of the housing market, it’s easy to give up hope. However, there are several ways to get around this. First, you can find ways to cut unnecessary expenses (and save more towards a deposit). Second, broaden your search to areas you may have not previously considered. Certain geographical areas offer more affordable pathways to homeownership than others. Do your own research and find the most affordable towns to buy a home in the UK.
2. Conveyancing Issues: Worrying about the deal falling through
You’ve found the perfect place and you’re ready to make an offer. Not so fast – your conveyancer will undoubtedly have to confirm everything is in order first. The pre-contract conveyancing stage kicks off with your conveyancer carrying out a series of legal due diligence checks. After all, it’s only prudent to carry out certain conveyancing searches that confirm a variety of crucial factors that will play into your buying decision. Conveyancing searches can not only take time to complete, but their results may also uncover unfavourable circumstances (for example, contaminated soil, significant flood risk, or other discoveries that may put you off from the purchase). Worrying about the transaction is normal to a certain extent. But most factors are outside of your control.
At JP Goldman, our conveyancers are open and transparent about your transaction from start to finish. You’ll stay informed about your deal throughout the life of your transaction with us. To avoid delay, it’s important to work with conveyancers who set the pace and move things along quickly.
3. Balancing work and the home buying process
Going through the buying process is a marathon, not a sprint. As you prepare to embark on your purchase transaction, remember that there will be a substantial amount of hurdles to jump through. Sometimes, you’ll feel there’s little under your control. Luckily, your conveyancer has done this many, many times before and they’ll skillfully guide you through the process, making it easy and painless for you. Whether you work traditional or non-traditional hours – JP Goldman’s conveyancers will work around your schedule and find a time that works for both parties.
4. Waiting for results of your survey, mortgage and other details
In a survey of 1,500 homebuyers, twenty-eight percent reported that the most stressful aspect of buying a home is failing to get a timely response from their solicitor. At JP Goldman, we know that buying a home is incredibly stressful – but chasing your solicitor shouldn’t be. After all, you’ll also be waiting for property surveys, mortgages and other search outcomes and results. Choose your conveyancing solicitor wisely.
5. The paperwork burden
It’s true: there is a sheer amount of paperwork, emails, phone calls and exchanges to get through when buying a home. But if you choose the right conveyancing solicitors, the process will flow smoothly and at pace. Skilled and experienced conveyancers are adept at foreseeing any risks associated with the transaction – so they’ll think ahead and cut out any unnecessary delay. Not only that, they’re prepared, well-resourced and organised, allowing you to sit back and enjoy a personalised home buying experience.
In this blog, we covered the major pain points affecting home buyers. There’s no denying that this is a stressful (and exciting) time. Choosing the right conveyancing solicitors will make a world of a difference as you embark on this journey. If you’re looking to buy or sell your home, please get in touch with an experienced conveyancer at JP Goldman now.