First-Time Buyer? 5 Things You Must Know Before Making an Offer

1. Get Your Mortgage Agreed in Principle

Before you start viewing properties, get an Agreement in Principle (AIP) from a lender. This tells sellers you are a serious, qualified buyer. Most AIPs can be done online in minutes and last 60-90 days.

2. Budget Beyond the Purchase Price

The property price is just the start. Budget for: stamp duty (first-time buyers pay 0% on first £425,000 in England), solicitor fees (£500-£1,500), survey costs (£300-£700), removal costs, and any immediate repairs or furniture. A good rule is to set aside 3-5% of the purchase price for these extras.

3. Research the Area

Don't just view the property — visit the area at different times. Check: flood risk (gov.uk flood map), crime rates (police.uk), school ratings (Ofsted), transport links, and planned developments. These factors significantly affect property values.

4. Never Skip the Survey

A survey can reveal hidden problems that could cost thousands to fix. Choose between: a basic Condition Report (£300), a HomeBuyer Report (£400-500), or a full Building Survey (£500-700+) for older properties. The investment is always worth it.

5. Negotiate with Confidence

Use Shopperden's AI valuation to understand the property's true market value. Check how long it has been listed — properties on the market for over 3 months may have room for negotiation. Don't be afraid to offer below the asking price, especially if the survey reveals issues.

Bonus: Use Shopperden's Tools

Our AI Mortgage Pre-qualification gives you an instant estimate of what you can afford. Our professional directory connects you with mortgage advisors, solicitors, and surveyors. And our 3D property tours let you revisit properties before making your decision.