A Backpacker’s Guide To Buying a Home in Leicester, England

Our crew at Leicester Train Station, a wee guide to moving there.

Our crew at Leicester Train Station, a wee guide to moving there.

Exactly nine years ago this week, life took me to Leicester! It was a crazy journey from Warsaw to Loughborough and really early backpacking days for me. I was there attending a function as a University Student. Not just any function though – it was the National Student TV Awards and I collected 2 trophies for Bournemouth University. I was there without a suit as a cheap backpacker and had to find a suit in a matter of hours (got it for under 50 quid!). Story for another day…

Collecting our awards in Leicestershire, England.

Collecting our awards in Leicestershire, England.

Life has gone full circle today, exactly 9 years on as I introduce a cool article from a travel buddy who shares his tips on moving to Leicester, England. While I was merely backpacking and taking a free room, this is a cool spot to live in the UK. Central, cheaper than the likes of London and Birmingham and now offering Premier League football.

Backpacking at Leicester - hanging around waiting for a train with my University buddy Rachael Ward.

Backpacking at Leicester – hanging around waiting for a train with my University buddy Rachael Ward.

Some locals reckon you have made probably one of the biggest decisions you will make in your life to buy a home in Leicester. This purchase represents a major milestone in the life of most individuals. It is an accomplishment and a commitment that shouldn’t be taken lightly. What Leicester? Yes!

Happy times in Leicestershire, England.

Happy times in Leicestershire, England.

There are many individuals thinking of purchasing a home but are not sure about the process of buying a home in Leicester. For them, it can seem a jungle of legal terms and paperwork. Those who have already started the process of buying a home are sometimes confused and bogged down by the process.

Here are a few tips that can guide you and provide you with a road map so you can have an idea what to expect when purchasing a home.

leicestershire 2005

My backpacker’s bedroom in Leicestershire in 2005.

Budget

The first step is to set up a budget in order to determine just how much you can afford to pay for a mortgage. You need to factor in all the costs. This includes your deposit, realtor, legal fees, and closing costs.

You also need to consider other associated costs such as any renovation that may be needed as well as relocation expenses. It is also a good idea to have a little extra allocation in the budget for unexpected incidentals.

Your realtor should have a list and provide you with any assistance you need to figure out how much you can afford to spend.

Get professional help

The process of finding and buying a home is twice as difficult without professional, qualified help. The buying process has many pitfalls that can befall buyers. Not all sellers are honest and trustworthy.

Professionals with many years of experience in real estate are better equipped to quickly identify scams and fraudulent operators who seek to defraud innocent buyers. A real estate service and a solicitor are two of the professionals who can make the process of buying a home go a lot quicker and smoother.

Finding a home

Finding the perfect home can be quick and easy. Unfortunately, it can also take a very long time. Especially when there are budgetary constraints. It can be difficult to find a home that you can afford that meets all your requirements. Very often compromise is needed in order to conclude the process of finding the perfect home.

Make an offer

After you find the home of your dreams you must immediately make an offer. You can make one verbally to be followed as soon as possible by the written offer.

Due diligence

Make sure that the necessary checks and investigations are done to protect your investment. Arrange to have an evaluation, survey, and home investigation done.

How long does the process take?

It can take anywhere from twelve to fourteen weeks to submit an offer and have it accepted by the seller and the sales process completed.

There is no need to feel any trepidation or hesitation when buying a home. This is one of the reasons why first time homeowners and busy individuals choose to use experienced professional realtors. They can guide them easily through the process of buying a home.

To buy a home Leicester visit the Netmovers website.

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