Step by step guidance notes for buying a property
Arrange a mortgage
The first step is to work out how much you can realistically afford to borrow along with your deposit. Of course there are associated costs to bear in mind such as stamp duty, solicitors’ fees, home insurance, home furnishings and moving costs. Once you have an idea of figures, you can start shopping around for the best mortgage deal. You’ll soon find that lenders have different criteria for lending so it’s about choosing the best option for you.
Register your interest
The Smeaton Homes team has fantastic local knowledge and some valuable connections. Plus, we can cut through all the jargon and help you focus on what you need and want in a property. We’ll work out factors such as type and age of property, number of bedrooms, location and transport links to pin down your dream home. Then we’ll check our list to see if anything fits the bill. We’ll do everything in our power to find exactly what you need but in return, we ask that you keep an open mind on all viewings. We’re in a market where sometimes compromise is necessary!
Finding the right property
There are plenty of useful websites to keep an eye on. However, they don’t always cover all properties available and some websites aren’t updated often enough. We’ll help you look in all the right places.
Instructing a solicitor / conveyancer
Conveyancing is the legal transfer of a property from one person to another. Smeaton Homes would always suggest using a local solicitor on these matters. Your solicitor or conveyancer will handle all the legal paperwork involved. We suggest letting your solicitor or conveyancer know in advance that you’d like to use their services when you find a property. This can also put you in a much stronger buying position.
Making an offer and negotiating
Smeaton Homes will happily act as a go-between for buyer and seller and, from our neutral position, smooth out any problems that might crop up.
Offer agreed / survey
At Smeaton Homes we always advise that a survey is carried out on the property by a qualified surveyor. It is crucial to check that the property is structurally sound and worth the money you’re investing. Once you are happy to proceed, we will post the notification of sale or memorandum of sale to each party’s solicitor. Smeaton Homes has a full-time sales chaser, once the offer has been accepted we will liaise with everyone involved to make sure the sale goes smoothly through to completion.
Exchange of contract and completion
There is normally a period of 7-10 days between exchange and completion of contracts and we’re on hand with the final preparations. You’ll need to get buildings insurance in place to start on the day of exchange. You’ll also need to re-direct your mail and organise a removal company. On completion, ask us for a list of trusted, local tradespeople. We certainly know a few!