We have found that there are five important things to feeling like buying is real and giving you a great foundation to start from. You need to be able to confidently answer the following five quesitons:
- Have you confirmed at a high level that you can afford to buy and it is possible for you?
- Do you understand what different ways there are for you to buy and how they relate to each other?
- Have you got a clear idea of what you need to save and ideally set yourself some sort of a goal?
- Are you aware of all the options to help you buy sooner and started to decide which are right for you?
- And do you know about the 3 stages of buying and have turned them into your own plan / timeline?
Once you complete these steps you will start to feel much happier.
Everything will seem clearer for you, not only because you will have completed the important steps but also because you understand them.
You will start to feel like you are moving forwards and ready to start making a plan for the future.
If you want help to complete all of these steps in the right way, then start our quick five-lesson video course for first-time buyers called “making buying real”.
We take you through the most important first steps and help you understand them so that you can reach the point where buying feels real for you.
If you are the type of person who likes to feel prepared then this is just the first step towards feeling ready to buy.
You can then move forwards happier and starting to think about the next stages of getting prepared and hopefully being closer to buying.
How to use this course
Before we begin...
Introducing the 3 stages of buying
Where to start - Your first steps explained
Challenge Lesson 1 - How are you going to buy?
Challenge Lesson 2 - Can you boost your deposit?
Challenge Lesson 3 - Exploring help to buy and other schemes to buy sooner
Bringing it all together
Most first-time buyers want to feel prepared before going into buying their first home. For many of us, it's a large amount of money and we want to get it right.
Right now you are probably saving hard and looking forward to when you will be ready to buy.
Often a question we get asked is where do I start and what is my first step?
It's common to want to know what you should be doing to feel prepared.
The best place to start is to build up your knowledge about the process and work out what is possible for you.
This will then give you the confidence to keep saving because you know what you are working towards and you know what your main options are.
But the problem is it is not enough just to know the steps.
Often without building up at least a basic understanding of how things work you will be left confused. And in some cases we even hear of people giving up at this stage and that makes us sad.
Make it real
To really start believing that buying is possible and real for you, you need to not only complete the steps but start building your knowledge to give you confidence to keep saving and move forwards
Another problem is feeling confused or overwhelmed by the number of steps and amount of information you are trying to learn. After all this is the first time you have purchased a house and there is a lot to learn
Get clear on what you need to do next
If you want to avoid this happening there are some simple things you can do.
First, understand that at this early stage you should focus on three things:
- Get clear on what stage you are at in the buying process and have a high-level plan of where you are going that is personal to you
- Start taking small actions instead of just reading to start to feel like you are making progress
- Build your knowledge up beyond the basics so feel less confused by the choices you have and know what you need to look into next.
When you know these three things you will start to feel that buying your first home is achievable and something you can believe in. It starts to become real and you can start looking forward to it.
Over the 4 simple video lessons you will:
- Learn what are the 3 stages of buying and what your buying journey looks like so you know what to expect next
- Figure out the basics of what you can borrow from a lender and how much you might need for a deposit, helping you understand what is possible and making it more real for you.
- Get an introduction to the schemes designed to help you buy your first home including Help to buy and Shared ownership, meaning you are clear on all your main options to potentially buy sooner.
- And get familiar with some of the alternatives to having to save the full deposit yourself.
Once you complete these 4 lessons you will have a much clearer idea of where you stand and what you need to do next. And we even have a follow on course if you want help after that.