Robert Adam
Estate Agents
Big Enough to Cope, Small Enough To Care
Discover the advantages of working with us:
A guide for property buyers
When you choose our team to guide you through the property purchasing process, you can rest assured that you will receive expert guidance and valuable insights every step of the way. With our extensive experience and knowledge of the real estate market, we are well-equipped to provide valuable assistance to buyers as they navigate the complex process of purchasing a property. Our team has a proven track record of successfully negotiating and closing deals, and we are committed to delivering exceptional customer service to all of our clients.
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Furthermore, our extensive network and strong reputation in the industry grant us access to a wide range of properties. This allows us to help buyers find the perfect property that meets their needs and budget. In addition, we have connections with industry professionals such as property conveyancers to help with purchases and sales of property, and mortgage advisors to assist with financing. Our in-depth knowledge of the local real estate market also enables us to provide buyers with the information they need to make informed decisions about which property to purchase.
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At our agency, we are dedicated to helping buyers achieve their real estate goals and make the process of purchasing a property as seamless as possible. Trust us to be your partners in the home buying journey.
The Home Buying Process
1. Mortgage
Getting a mortgage agreed in principle before deciding on a new property can help speed up the house buying process. It also lets you know what you can afford and can make you a more attractive buyer to sellers.
4. Accepted Offer/Instructing Solicitors
Once your offer has been accepted, it's important to instruct a solicitor to handle the legal requirements of the purchase, also known as property conveyancing. You should also formally proceed with your mortgage application and inform your mortgage consultant/broker. Your solicitor will take care of all the necessary legal steps on your behalf.
7. Mortgage Survey
The next step is to get a Mortgage Valuation. This will be conducted by a Chartered Surveyor working for your lender. The report provides a valuation and both you and the lender will receive a copy, so you can review the findings before committing to the purchase.
2. Viewing
We are here to help you see the properties you're interested in, and can arrange viewing appointments.
5. Draft Contracts
The seller's solicitor prepares a draft contract which is sent to the buyer's solicitor for review. Any questions or concerns will be addressed and the contract will be amended as needed, subject to final approval. This is the time for both parties to clarify any enquiries and make sure that all necessary details are included in the contract.
8. Mortgage offer
Assuming the Mortgage Valuation survey, mortgage application, and references have all been approved, the lender will send a formal mortgage offer to the buyer and their solicitor. Once the document is signed and returned, the buyer's solicitor will request the necessary funds. The lender will release these funds once they have received all the necessary documentation.
3. Making an offer
Once you have found your ideal property, you make an offer that will be submitted by us to the vendor. This is done both verbally and in writing.
6. Searches
The local authority search is conducted by the buyer's solicitor and submitted to the local borough council. Its purpose is to determine if there are any previous planning permissions or local issues that could affect the purchase of the property. This search is essential in helping to protect the interests of the buyer.
9. Exchange of Contracts
After the contract has been signed by both parties, a deposit (usually a small percentage of the purchase price) is paid via bank transfer or banker's draft. At this point a property transaction becomes legally binding. The parties will also agree on a date for the completion of the sale.
10. Completion
Completion usually occurs a few days or weeks after the exchange of contracts. On the day of completion, the balance of the purchase price is transferred from the buyer's solicitor to the seller's solicitor and the keys are released. Congratulations on becoming the new owner of your home!
Get in Touch
Are you in the market for a new property?
Let us assist you in your property search. Our experienced real estate professionals are here to guide you through the buying process. To contact one of the team or to receive updates on properties that match your criteria, please complete the contact form and one of our agents will be in touch with you. We look forward to working with you and helping you find a property that ticks your boxes.
Tel: 01707 873126