Buying a property can be a complex process, but with careful planning and attention to detail, you can increase your chances of a successful moving process. Here's a comprehensive guide to help you navigate the process.
Whether you are first time buyer or a home mover then we all have to start with the boring stuff first. Get in touch with your mortgage broker so you can establish your affordability. You don’t want to be booking viewings and falling in love with homes that you can’t afford.
We work with mortgage brokers who can get everything in place for you. Once you have your Agreement in Principle (AIP) you can now let the fun commence. Having an AIP will not only allow you to know how much you can lend but it will also show the estate agents that you have done your homework and are ready to buy.
Even if you are buying by yourself, you should know what areas you are searching and what are the must haves for your new home. We all have to make compromises in life so think about the needs that you would like but are more of a treat than a must have. If you don’t know where you would like to live, then do your homework.
You can always check out our area guides and if it’s not there then ask us, being local there is not much that we don’t know about.
Get ahead of the game by registering your details with the property portals, the main 3 are On The Market, Rightmove and Zoopla. It is advisable to register with them all as unlike New Door not all estate agents market their homes for sale on the big 3.
Once you have seen a home that you like you should contact the agent to arrange a viewing and request a copy of the home report. Before viewing you should measure against your current home that way you can see how the home compares to where you are loving now. That way there will be no big surprises with rooms sizes, whether good or bad.
Viewing homes can often feel like Goldilocks in the Three Bears home. This is your opportunity to get to know the home and don’t be afraid to ask questions.
The estate agent should call you to get your feedback on your thoughts of the home. Please be honest, even if it is negative we may have a solution, or it could be we have another home that may be more suitable.
Remember everybody’s taste in décor is not the same.
Once you have found a home and you wish to make an offer you will need to instruct a solicitor to make a formal offer for you. At New Door we will accept a verbal offer from you, and we will negotiate between you and the vendor until an acceptable offer has been agreed. At this time, we will ask you to ask your solicitor to submit a formal offer.
It may be that you are not ready to submit an offer, you could then instruct your solicitor to note your interest. If the agent has several notes of interest the vendor may decide to set a closing date. This is where your solicitor will submit your full and final offer at on a specific day at a set time. The vendor will then decide on the best offer for them. Please note that it is the vendor’s decision on the offer they accept, and it may not always be the highest.
Now that you have had an offer accepted, we will write to you and the vendor to confirm that your offer has been accepted. We will also write to your solicitor to advice of the acceptance of the offer. We will include the sales memorandum and home report so that both solicitors can contact each other.
You should now speak to your mortgage broker so he can fully submit your mortgage application.
This is the stage where are at our quietist as your solicitor will be carrying out the conveyancing through to concluding your missives and agreeing a completion date. Once missives have concluded the sale is legally binding.
We are still here to assist at this stage should it be needed and of course answer any of your questions.
Moving day is fast approaching and you have your move-in date agreed, although this is not guaranteed until solicitors conclude missives, so be aware that dates can change!
The following check list will help you to remember what needs done
It is a good idea to set up a forwarding address with the Post office.
Your solicitor will now also request that you send them your deposit monies in readiness of completion day.
Moving day has finally arrived.
New Door and your solicitor will not be able to advise when the sale will finalise. It is a good idea to have your removal van packed early if you haven’t done it the day before. Once the vendors solicitor has confirmed receipt of your monies, they will let us know that we can release the keys to you. We will then call you to meet you at your new home with your keys.
Congratulations you now own your new home
