Buying Advice
So you're considering buying a property? These are just some of the steps you need to think about
Step 1: Decide on the basics
Step 2: Get your finances in order
Step 3: Find the right property
Step 4: Found it!
Step 5: Sale agreed
Step 6: Finalise your mortgage
Step 6: It's yours!
Decide on the basics
Make a list and work out what type of properties interest you.
1. What are the 'must haves' and 'must not's'?
2. How many bedrooms?
3. Do you need a garage or off street parking?
4. Your budget?
5. When do you need to move?
Work out what's important for you.
Get your finances in order
When the perfect property comes your way then you will need to act fast, so it's best to get your finances in place first. You can contact us and we
will arrange an independent mortgage advisor to discuss your finances with you.
Find the right property
Once your finances are set and you know exactly what you are looking for, it's time to start looking. By keeping an eye on our website, dropping into
our offices, telephoning us or creating an account within the 'my midcornwall' area on our website, you can be assured that you will be one of the
first to see new property as it comes on to the market. Once you register with us we will help you find the perfect property and inform you of any that
match your criteria.
Once you've found a property that you wish to view, we will set up an appointment as soon as possible for you. If you decide after viewing to make an
offer, please contact us.
Found it!
Once you've found your perfect property, and wish to make an offer, then you will be asked a further set of questions to provide the seller with
information for them to make an informed decision on whether or not to accept. These will include
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Are you in a chain? Do you have a buyer for your property? Are you a first-time buyer?
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When would you like to move by?
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Are there any items at the property that you require, for example, carpets or curtains?
- Is it a cash purchase or is a mortgage company involved? Are you able to prove that you can afford the property? (Your mortgage lender can give you
a written conformation in principle of this).
If the seller accepts your offer then we will confirm to you in writing the acceptance with the terms and conditions still to be negotiated.
Sale Agreed
This is the point at which to instruct a solicitor. If you are unsure who to use, we can recommend you one in your area if required. Just contact us.
The property now needs to be legally transferred from its current owners to you. This process is known as conveyancing. Here are just
some of the steps involved.
The seller's solicitor will
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Get copies of the property's title deeds and other relevant documentation e.g. lease
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Prepare a draft contract of sale
Your solicitor will
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Check the title documentation and lease for any problems or inconsistencies
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Check the contracts
Finalise your mortgage
Before your mortgage lender makes you an offer, they'll need a mortgage valuation to check that you're not borrowing more money than
the property is actually worth.
Buying a home is a massive investment, so you might also want a homebuyer survey or building survey. This provides a
far more detailed assessment of the condition of the property.
Once your mortgage lender is happy, they'll send your mortgage offer, including details of the terms, to you and to
your solicitor.
We, as your agents will be the main point of contact between all the parties involved, until the final contracts are 'exchanged' and then finally
'completed.'
It's Yours!
This is it. It's finally the time when you get the call to confirm that you can pick up the keys! Welcome to your new home!
If you require any further information on any aspect of the buying process then contact us. We will be happy to help!