A Step By Step Guide To Buying A House! 3 Easy Steps!

A Step By Step Guide To Buying A House: In a recent video, I take you through the complete process of buying a house in the UK, from finding a property to completion day. Whether you're a first-time buyer or an aspiring investor looking to build your portfolio, this guide will give you the knowledge and confidence to make smart property decisions.

You can find the full step by step guide to buying a house in the video at the top of this page, or on my YouTube channel. I highly recommend watching the full video until the end, as it contains some top tips from my 17+ years of experience as a property investor!

Buying a house can be a daunting task if you don’t know exactly what you are doing. That’s why the video walks you through everything you need to know in order to buy a property! Once you watch the video, you will know what to say to the estate agent, the lawyers and mortgage brokers! This will make the process simple, demystifying the entire procedure!

If you want a shorter overview of buying a property, then this article is for you! In this article, I will summarise the step by step guide to buying a house. Here, I will consolidate everything into 3 easy steps! This will give you a general understanding of how the house buying process works.

I want everyone to be confident enough to buy a property, and this information could help many people to gain that confidence. However, I need your help reaching them! Please consider sharing this article on social media. With your help, we can get property education in to the hands of everyone!

1. A Step By Step Guide To Buying A House: Booking A Viewing!

Find a property you want to buy. This could be: via a property portal such as Rightmove; with a property sourcer; or at a property training event. Next, call the agent to book a viewing.

They will ask you for five things:

1. Your name.

2. Your email address.

3. Your phone number.

4. Your position.

5. Whether you are going to buy with cash or a mortgage.

Your position means what type of buyer you are, i.e. an investor or buying the property to live in.

2. A Step By Step Guide To Buying A House: Making An Offer!

If you view the property, and you like it, it is time to put in an offer! The agent’s job is to sell the property for as much as possible, so they won’t tell you much about what the seller will be willing to accept. Instead, the agent will simply take whatever you offer to the seller for their consideration.

If the seller accepts your offer, the agent will contact you and let you know. They will then need the following from you:

1. The name of the person buying the property (this will be you in most cases).

2. Photo ID.

3. Recent proof of address (such as a Utility bill).

4. Your solicitor’s details.

5. If you are buying with a mortgage, a Decision in Principle, or your mortgage broker’s details.

Once they have this, they can take the property off the market.

3. A Step By Step Guide To Buying A House: The Sales Progression!

Next, you will receive a Memorandum of Sale which you can pass to your solicitor, so that they can do the relevant checks on the property. Then, your mortgage broker will find a suitable lender for you. The lender will then go and value the property. Generally speaking, it is smart to also get an independent building survey done as well.

Once all these steps are finalised, you will exchange contracts. At this point you will normally pay 10% of the purchase price to the seller.

Once you complete on the property, you will pay the rest. This is paid to your solicitor. Your mortgage will also be paid to your solicitor by your lender. Your solicitor will then send that money to the seller’s solicitor, who will pass it to the seller. Congratulations, you’ve bought a property!

From A Step By Step Guide To Buying A House To Learning To Profit From Property!

Now that you have watched a step by step guide to buying a house, it's time to learn how to make a profit while doing so! Join me at my next £1 training event!

We have different courses throughout the year, each teaching different things. Here is a sample of what you could learn on one of our popular £1 courses:

Become a property investor using other people’s money so that you can get started straight away
Utilise the 5 different types of raised finance so that you know exactly what to offer and when
Find the perfect properties for the BRRR strategy
Recycle your money so that you can ‘rinse and repeat’
Build a power team you can trust, so that you can save time and money
And much more!