How to Find Your Dream Home and Move in by Christmas: A Step-by-Step Guide
With the festive season fast approaching, many buyers dream of being settled in their new home by Christmas. The good news is that it’s possible—but it requires careful planning, swift decision-making, and a clear understanding of the home-buying process.
At M&M Estate and Letting Agents, we’ve put together this step-by-step guide to help you navigate the journey and get the keys to your new home just in time for the holidays.
1. Get Your Finances in Order
- Set a Budget: Determine how much you can afford, factoring in deposit, mortgage payments, and additional costs like stamp duty, legal fees, and moving expenses.
- Check Your Credit Score: A good credit score can help secure a better mortgage rate. If needed, take steps to improve it quickly.
- Get a Mortgage Agreement in Principle (AIP): An AIP shows sellers you’re a serious buyer. It also gives you a clear idea of how much you can borrow, helping you to focus your property search within your price range.
- Deposit: Ensure you have enough saved for your deposit. Typically, you'll need at least 5-10% of the property’s value.
2. Start Your Property Search
- Research the Market: Look at properties online in the areas you're interested in. Keep an eye on new listings and price trends.
- Register with Local Estate Agents: Let agents know your requirements so they can notify you of suitable properties as soon as they come on the market.
- Be Ready to View: Given your tight timescale, be prepared to view properties at short notice. This will help you to act quickly on homes that meet your criteria.
3. Book Viewings and Ask the Right Questions
- Prepare a Checklist: Create a list of must-haves and deal-breakers for your new home. Consider things like location, size, proximity to schools or work, and potential for future growth.
- Ask Key Questions:
- What is the property’s history? (e.g., How long has it been on the market? Have there been any previous offers?)
- Are there any issues with the property? (e.g., damp, structural concerns, etc.)
- What are the energy costs? (Check the Energy Performance Certificate for an idea of efficiency.)
- Take Notes: Keep track of the pros and cons of each property to help you compare and make a decision.
4. Make an Offer and Start the Legal Process
- Make a Competitive Offer: With the aim of moving by Christmas, don’t delay in making an offer on a property you love. Ensure your offer is competitive but within your budget.
- Instruct a Solicitor: As soon as your offer is accepted, instruct a conveyancer or solicitor to begin the legal process. Quick and clear communication is crucial to avoid delays.
5. Finalise Your Mortgage
- Submit Your Full Mortgage Application: With your offer accepted, submit your mortgage application as soon as possible, including all required documentation.
- Property Valuation: Your lender will arrange a valuation of the property to ensure it’s worth the amount you’re borrowing.
- Receive Your Mortgage Offer: Once approved, you’ll receive a formal mortgage offer, allowing you to move forward with confidence.
6. Exchange Contracts
- Review Contracts: Your solicitor will ensure that all paperwork is in order, including the terms of the sale and any issues raised by the survey.
- Pay Your Deposit: Upon exchanging contracts, you’ll need to pay your deposit, usually 10% of the purchase price.
- Set a Completion Date: Agree on a completion date with the seller, ideally giving yourself a few weeks before Christmas to move in.
7. Prepare for the Move
- Book a Removal Company: Secure your moving date with a reputable removal company. Weekends and pre-Christmas dates get booked up quickly, so don’t delay.
- Start Packing: Begin packing non-essential items, labelling boxes clearly. Consider decluttering to reduce the amount you need to move.
- Notify Relevant Parties: Inform utilities, your bank, and other important contacts of your change of address. Don’t forget to set up mail forwarding.
8. Completion and Moving Day
- Final Checks: On completion day, your solicitor will transfer the remaining funds to the seller’s solicitor, and you’ll receive the keys to your new home.
- Move In: With everything in place, you can finally move into your new home. Unpack the essentials, and start making your new house a home just in time for Christmas.
Final Thoughts
Moving by Christmas is a challenge, but with determination and the right approach, it’s entirely achievable. At M&M Estate and Letting Agents, we’re here to support you every step of the way. If you’re ready to find your dream home, contact us today, and let’s make this Christmas a memorable one in your new home!