The key steps involved with buying a property are summarised below. If you need any further information or advice, please do not hesitate to contact us
If you have a property to sell, the first step you should take is to put it up for sale.
Why? Because, if you see a property you want to buy you may not be able to buy it without the money from your existing property. Also, many estate agents consider you a ānon-proceedableā buyer ā which means, you are a potential buyer but you canāt actually proceed because you need to sell your existing property first. So, if there is another buyer who is able to proceed they may well see the house of your dreams and buy it first!
We can help you in the sale of your home. Click here to arrange a free, no-obligation valuation of your home or contact us.
On top of the cost of the house itself, there are many other one-off expenses involved in buying a home and moving.
These costs include:
Getting a mortgage and buying a house are usually very much intertwined.
When you find a property, youāll probably have to move fast to secure it. To prevent being delayed while sorting out a mortgage we highly recommend you first get a āMortgage In Principleā agreed. Having this in place means you should be able get the actual mortgage quicker when the race to buy your chosen home begins. You can get this offer in writing to show to Estate Agents and sellers ā who will then see you as a serious prospect and not a timewaster.
A āMortgage In Principleā is a conditional offer made by a mortgage lender that ā provided the information you give them is correct ā they will āin principleā give you the loan you have discussed with them. Knowing what you can afford will also help you narrow your search and give you a considerable degree of confidence.
Our partners, a firm of professional, independent financial advisors, would be pleased to provide you with a free, no obligation consultation on what mortgage options are available to you, and the associated costs. Contact us to find out more.
Once you have worked out how much you can afford the next stage is to start looking for a property.
To find your ideal property, we need to know as much as possible about your requirements. You can register with us either online, by phone or by visiting our offices, where one of our consultants can assist you with your search.
Once we have a clear understanding of your requirements we will access all properties that match your criteria. When you have registered, details of suitable properties can be sent to you by SMS, email or in the post ā depending on your preferences.
Itās always good to have a good brainstorm about what exactly you will be looking for in your new home. After all, you canāt ask for a refund if you decide you donāt like it after four weeks! You may well have to make some compromises in the house you buy so decide now what your āMUST HAVESā and āNICE TO HAVESā are. For instance: is an en-suite bathroom a MUST HAVE or a NICE TO HAVE? Remember: Consult your husband/wife/partner and children ā so that you are all clear and agreed on whatās really important to you.
Viewings can be conducted between 9am ā 6:30pm Monday to Friday and 10:00am ā 3:30pm on Saturdays. You can also book a viewing on-line through the āBook a Viewingā link presented against each property you find on our property search engine.
We usually accompany all property viewings as the Vendor may not always be present. Sometimes, a vendor gives us specific times for viewings, although we do ask them to be as flexible as possible.
After the viewing we will answer any immediate questions and usually contact you the next day for your thoughts and general feedback.
Please be on time for viewings. We will arrange to meet you at the property, or if it is more convenient, at our offices from where we can take you by car.
How exciting! ā Youāve found the property of your dreams and you want to make an offer. Letās hope weāve found it for you.
As soon as youāve found a suitable property, weāll put your offer to the vendor, verbally and in writing. We always aim to communicate your offer on the same day. The offer will be subject to a contract being signed and there are no legal obligations on either side until this is done.
Sometimes there may be a process of price negotiation and by working with us, both vendor and buyer can benefit from the expertise of our consultants, who will work hard to facilitate an agreeable outcome that delivers the best result for all.
When your offer is accepted, the vendorās solicitor/conveyancer will prepare a Contract of Sale. You will also need to appoint a solicitor/conveyancer to examine the contract, and raise any queries based on the title deeds and related property matters.
When your Solicitor has replies to their enquiries, a completed satisfactory local search, a copy of a mortgage offer, a signed contract and a deposit cheque, they can then proceed to Exchange of Contracts. A deposit is normally required for between 5-10% of the purchase value of the property.
Contract completion can be on the date of exchange or can be anything up to 28 days later, depending on your requirements. On Completion your solicitor hands over the remainder of the purchase money to the vendorās solicitor and you can then move into your new home. Keys will be handed over to you by us, along with a āwelcome packā that includes various items of information that we expect will be of help to you ā including final meter readings for electricity/gas, location of water stopcocks, meters, and so forth.
Please contact us for any further information, advice or help you may need to help you with buying your next home.
From first viewings to final keys, we connect you with the right property, whether buying or renting.
