Whether it’s your very first home, a step up the ladder, or a downsize to something more manageable, buying a property is a big commitment. With so many moving parts, it’s easy to slip into costly mistakes—some of which can slow things down or even scupper the deal altogether.
At JW Woods Estate Agents, we’ve guided thousands of buyers through this process, so here’s our round-up of the most common mistakes—and how you can avoid them.
1. Starting the Search Without Mortgage Clarity
House-hunting before you’ve spoken to a lender (or broker) can be frustrating. Knowing what you can realistically borrow helps focus your search and makes you more credible when making an offer. An Agreement in Principle (AIP) is a simple step that signals to sellers you’re ready to move.
2. Overlooking Your Credit Health
Your credit history matters for mortgage approval. Even small errors—like an old address linked to your name—can cause delays. Review your report early and avoid making changes (like closing accounts or taking out new credit) until after completion.
3. Forgetting About the True Cost of Buying
The price tag on the house isn’t the whole story. You’ll need to factor in:
- Solicitor and survey fees
- Mortgage arrangement and valuation costs
- Stamp duty (where applicable)
- Removal fees and insurance
Having a buffer for these ensures no nasty surprises mid-move.
4. Getting Swept Away at Viewings
It’s easy to be charmed by a stylish kitchen or a sunny garden, but don’t forget the basics:
- Check for damp or cracks in walls
- Test taps, lights, and windows
- Ask about boiler age, service history, and insulation
Little details can mean big expenses later.
5. Neglecting to Research the Area
Your home’s postcode is just as important as its floorplan. Before committing, take time to:
- Visit at different times of day
- Check local transport, shops, and schools
- Review recent sale prices nearby
This helps ensure the property is right not just today, but for your long-term plans.
6. Rushing (or Delaying) Offers
Move too slowly and you risk losing out; move too quickly and you may miss red flags. The key is balance: act decisively once you’re confident in your checks, but don’t let emotion push you into a rushed decision.
7. Settling for the First Mortgage Deal
Not all mortgages are created equal. Rates, terms, and fees vary widely. Shopping around—or working with a broker—can save you thousands over the life of your loan.
8. Skipping the Survey
Waiving a survey to save money can backfire if hidden issues emerge later. A professional survey provides peace of mind, or leverage to renegotiate if significant repairs are needed.
9. Misjudging Deposit and Affordability Options
Even seasoned movers can underestimate the impact of their deposit size. A larger deposit often unlocks better interest rates. Explore your options carefully, whether you’re upsizing, downsizing, or remortgaging as part of the move.
10. Forgetting the Practicalities of Moving In
It’s not just about securing the keys—think ahead about:
- Utilities and broadband setup
- Redirecting post
- Scheduling removals and deliveries
A smooth handover makes those first few days far less stressful.
11. Going It Alone Without Expert Advice
From mortgage brokers to conveyancers and estate agents, the right professionals can save you time, money, and stress. At JW Woods, we pride ourselves on being your local partner—guiding you through negotiations, paperwork, and the practicalities of moving with confidence.
Your Buyer’s Checklist
|
Step |
What to Do |
|
1 |
Secure an Agreement in Principle before viewing |
|
2 |
Check and tidy your credit record |
|
3 |
Budget for extra buying costs |
|
4 |
Inspect properties thoroughly at viewings |
|
5 |
Research the area, not just the house |
|
6 |
Make offers promptly but carefully |
|
7 |
Compare mortgage deals before committing |
|
8 |
Arrange a professional survey |
|
9 |
Plan your deposit and affordability strategy |
|
10 |
Organise move-in essentials early |
|
11 |
Lean on expert advice for peace of mind |
The Bottom Line
Buying a home should feel exciting, not overwhelming. By steering clear of these common mistakes, you’ll not only save money and time, but also enjoy the process more.
At JW Woods, we’re here to help every step of the way—whether it’s your first purchase or your fifth. Ready to start your search? We’d love to guide you towards your next home.
Would you like me to make it more seasonal (late summer/autumn focused) like the last blog, so the two tie together nicely as a series?
Sources from Ideal Home and Which