Our Step by Step Guide to Buying a Property...
Step 1 : Register your interest
The first step is to register with us either by telephone, you can visit our office or register by e-mail.
Step 2 : The search begins
Once we have an understanding of your requirements we will go through with you and send you a selection of properties that match your criteria.
Step 3 : Finances/Mortgages
It is important to get your finances secured and arranged as well as your mortgage agreed in principle as early as possible, so you know you can afford what you are looking for without being disappointed. If you need help arranging a mortgage we can recommend an Independent Mortgage Consultant who can offer you free no obligation quotes, for more information please contact us.
Step 4 : Viewing
Once you have identified some properties to view we will arrange viewings to suit your availability and we also aim to accompany you, where possible, to enable us to get honest feedback which will help us find you the right property.
Step 5 : Making an offer
Once you have found a suitable property we will put your offer forward to the seller both verbally and in writing.
We will also need to find our how you intend to find the purchase. There is no legal obligation on either side until contracts are exchanged.
Step 6 : Sale Agreed
Once your offer is accepted you will need to instruct a solicitor. If a mortgage is required you will need to proceed with your application and also consider whether you need a survey.
Step 7 : Legal process
A solicitor will be required to handle the legal paperwork involved and we can recommend one if required. Once a solicitor has been instructed a draft contract is drawn up by the sellers solicitor which is then sent to your solicitor who will raise some enquiries. The solicitor will use the information provided and request further searches if necessary.
Step 8 : Exchange of Contracts
Once the result of the local search are received and also any answers to preliminary enquiries, a draft contract is approved by your solicitor, and if required, a formal mortgage offer will need to be in place.
Once the mortgage offer and the contracts have been signed by you the contract then also needs to be signed by the seller. The deposit is then lodged with your solicitor and is telegraphically transferred or paid by the solicitor in the form of a bank draft. A completion date is then set, which is normally a few days or more after exchange of contracts.
Step 9 : Completion
On the completion day the rest of the monies are transferred from your solicitor to the sellers solicitor. Once the sellers solicitor receives the money, completion has now taken place and we will then release the keys to you when you come into our office - Congratulations!