It is advisable to arrange your finances before you start your property search. This will confirm how much money you have to fund the purchase, which will ultimately influence the properties you will view.
We will listen to your individual requirements for buying a house. We can advise you on the local area you are looking at and the housing market conditions.
Once we have a clear understanding of your property requirements, we can present to you all the suitable properties which match your criteria. We can then keep you up to date with any new properties coming onto the market via telephone, email and post; our website is also updated every day with any new instructions.
Once you have found a property you wish to view, call us and we can arrange a viewing for you, at a time to suit your own needs.
After the viewing has taken place we will call you to see what you thought of the property and to see if you are ready to make an offer.
Once you have found a suitable property and feel you are ready to make an offer, just give one of our members of staff a ring, or call into the office and we will handle all the negotiations with the seller for you.
The information required in order for us to put forward an offer to a seller is the amount you want to offer, your buying position, i.e. are you a first time buyer, have you sold subject to contract or are you a cash buyer and your mortgage provider (if required). We must point out that there are no legal obligations on either side until contracts are signed.
Once your offer is accepted you will need to instruct a solicitor. It is a good idea to use a solicitor who knows the area you are moving to and specialises in conveyancing. If you need any help on this advice, we would be happy to give you contact details of experts in property conveyancing.
Bury & Hilton will then prepare a memorandum of sale, write to all parties to confirm the agreed price and ask you to confirm your mortgage details.
As part of the conveyancing process, your solicitor will raise any enquiries on receipt of draft contracts from the seller’s solicitors, request local searches and agree on a date for exchange of contracts.
A surveyor will then be required to survey the property on behalf of your mortgage lender. This survey will help identify any structural problems and advise on the value of the property.
Once your mortgage provider has received the survey report, they will issue a formal mortgage offer to you and your solicitor, which you will need to read, sign and return.
Exchange of contracts will take place when all the enquiries have been confirmed and agreed by yourself and your solicitor.
Once the contracts have been signed by both parties, the deposit will be transferred from your solicitor to the seller’s solicitors, and the completion date will then be set by mutual agreement.
Completion is when all the monies have been transferred from your solicitors to the seller’s solicitors account. Keys can be released once the monies have been cleared and are in the seller’s account.
You are then legal owner of your new home!