Guide to Buying a Property

10 step guide to buying a property

Our number one aim is ensuring that the transition of moving from one property to another is as smooth and stress-free as possible. The first step towards achieving this is to help you understand the process. 

1) Allocate your budget

Before you commence with your search for a new property, it is important to establish exactly how much money you can afford to spend. Your first step should be to use our instant online property valuation tool to find out exactly how much your existing property could sell for, and establish how much money you will be left with.

2) Consider your desired criteria for a new property

With your budget in place, now is the time to start considering the absolute minimum criteria your new property must meet in order for you to be willing to put in an offer. Criteria that people usually consider includes number of bedrooms, garden size, distance from central locations etc.
We have a number of properties on offer that could be perfect for you!

To contact our team of professional, reliable estate agents covering a number of areas near you, call today on 01489 584298.

3) Begin viewing properties

Viewing properties gives you the opportunity to get a feel for them and visualise them as your home. There are a number of things to consider when viewing a property, both internally and externally – it is important to remain headstrong at this stage and not fall in love with a property without fully assessing its every quality and issue.

4) Instruct a solicitor

The efficiency of your solicitor has the power to make or break the purchase of your new home. We offer a round-the-clock solicitors tool to help each of our clients find a solicitor to suit their needs, as and when they need them.

5) Making an offer on your chosen property

Once you have found a property that fits all of your criteria, your next step is to make an offer to the seller’s estate agent. As well as the property price you offer, the buyer will also want to consider other factors of your offer, including whether you have a chain, whether you can provide proof of affordability, whether your desired schedule suits theirs.

6) Your offer is agreed

As soon as your offer has been agreed, the seller’s estate agent will write to all parties involved to confirm the buying price and request solicitors details of both the buyer and seller.

7) Buyer and seller’s solicitors agree the contract

At this stage, both solicitors will take the time to check the contract and ensure that all terms sufficiently protect their client’s interest. It is at this stage in the process of selling your property that every property sale begins to differ, as each and every property comes with its own set of legal requirements.

8) Mortgage agreement and survey

Before the property buying process can continue, the mortgage lender will require you to have a survey carried out on your new property by an approved surveyor. This will help to ensure that the property is worth the amount of money you have offered, and that there are no hidden structural issues with the property. Upon completion of this property survey, you will receive a mortgage offer which you’ll then need to sign.

9) Exchange contracts

As soon as the solicitor’s of property buyer and seller are satisfied with the terms of the sales contract, a final contract is created. This contract will make reference to the following:

  • The agree sale price of the property
  • What is included within the price of the property
  • Agreed property boundaries
  • Property planning and development restrictions
  • The expected date of completion

When both parties have signed the new contract, the deposit will then be transferred from the buyer’s solicitor to the seller’s solicitor. At this stage in the property selling process, the seller is now bound by law to sell the property to the buyer as agreed within the previously signed contract.

10) Completion

On the agreed completion date, the entire balance of the price of the property will be transferred from the buyer’s solicitor to the solicitor of the seller. Once this transaction has been completed, the keys may be released, marking your property purchase as officially complete.

For more information about the process of buying a property, contact our experts today on 01489 584298 or check out our Buying a Property FAQs.

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Online Valuations

We offer instant online valuations, just click on the links below for an indication of what your property is worth. You can also get a lettings valuation to see what rental you can achieve for your rental property.

Sales Valuation Lettings Valuation