Step-by-step Guide for Buyers
There is so much to think about when either buying your new home or an investment, here’s a step-by-step guide to help you:
1. Assess Finances:
Determine your budget, evaluate your credit score, and secure mortgage pre-approval to understand your purchasing power.
2. Define Criteria:
Clearly outline your preferences for location, size, amenities, and other essential features.
3. Research the Market:
Explore property listings online, attend open houses, and gather information about the neighbourhoods you’re interested in.
4. Find an Estate Agent (look no further!):
Engage a qualified agent to guide you through the process, provide market insights, and assist with negotiations.
5. Property Viewing:
Visit potential properties to assess their condition, features, and whether they align with your criteria.
6. Make an Offer:
Work with your agent to make a reasonable offer. Include any conditions or contingencies you need, such as inspections or financing approval.
7. Negotiate Terms:
Be prepared to negotiate with the seller on price, exchange and completion dates, or other terms. Your agent can assist in this process.
If requiring a mortgage, the lender will instruct for a surveyor to carry out an examination of the property for any issues. The lender may order an appraisal to confirm the property’s value aligns with the loan amount. If buying in cash, you can book a Home Buyers Report.
8. Secure Financing:
Finalise your mortgage loan by providing necessary documentation to the lender. Work closely with your mortgage broker to ensure a smooth process.
9. Legal Representation:
Instruct a solicitor to carry out legal works on your behalf to ensure there are no legal issues with the title of the property, they will review all necessary documents for signing, request payments for costs to help you take ownership of the property.
10. Move-In:
Plan your move and coordinate any necessary utility transfers. Celebrate your new home!
Remember, the specifics can vary based on location and local regulations, so consulting with our team for guidance can help the process run more smoothly.