The property purchasing process, simplified.
Financial Advice
First, if you require a mortgage speak to an advisor to establish budget and get a mortgage in principle. This puts you in a proceedable position to book viewings and start exploring the market.
Viewing
Take your time, ask questions, get to know the property. This is a big decision, don't rush and make sure it is right for you. Helpful hint: Visit the street/area at different times of day to get a feel for the neighbourhood and traffic levels during busy times. Have a look at our available properties here.
Make an Offer
A property is only worth what someone is willing to pay for it! No matter how much you love a property don't over stretch yourself, there are additional costs to consider not just the purchase price. Remember, an offer is more than just an asking price. Your circumstances and how quickly you can complete will add to the vendor's decision on accepting or rejecting offers.
Instructing Solicitors
Property is usually a persons biggest purchase - so choose solicitors wisely. If you need a mortgage make sure your solicitor is on your mortgage lender's panel. Not all solicitors are approved by all lenders, this could cause delays and extra cost down the line.
Surveys, Searches & Enquiries
Home Buyers/Full Structural surveys are carried out to ensure the property meets the value the bank have offered to lend. Following this searches are carried out, these are what usually take the most time but are as equally necessary as they are frustrating! There are several main searches including local authority searches and land registry searches. From searches come enquiries, these are handled by the solicitors - thankfully! Further information is gathered to confirm the property is saleable and mortgageable.
Exchange
It's time to sign your contracts! At this point the agreement to buy and sell becomes legally binding.
Complete
It's done, we made it! The transaction is complete and the property is yours.
Thanks for reading, Ashlea.
