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A Guide To Buying A Property With Morris Property

Mortgage

It is best to ensure that you have made necessary arrangements to have finances in place before you start looking for your next property, this will confirm the funds you have available to purchase and will direct you to the properties you have available within your budget.. Having an Agreement in Principle puts you the buyer in a very strong position once you find a property and puts you in the driving seat as far as negotiating goes.

Tell us what you want

The initial stage would be for you to advise on your property requirements with our experienced staff. We can then commence the process of finding you the perfect matched property suited to you.

Find your perfect home

Once we have taken all your requirements as to what you want out of your home we will search to see what we have that matches your criteria. We will keep you informed of all new properties coming to the market matching you requirements via phone, email and sms.

Arranging viewings

The key to successful viewings is to go in with an open mind; not looking at other peoples' decor but imagining how the benefits the property has to offer could suit your needs when you have input your own personalised touch.

The legal process

At this stage we would recommend you to choose a solicitor and it is imperative that a reliant and efficient person be chosen. We can offer help in this process if you wish.

Offer

Once you have found your ideal property you will need to make a suitable offer. On receipt of your offer, we will forward to the vendor. At this stage we may require proof of your funding i.e. Agreement in Principle or proof of cash.

Remember there are no legal obligations to either party until contracts are signed.

Sale

Once the vendor has agreed to accept the offer we will:

  • Prepare a memorandum of sale
  • Write to all parties involved the agreed sale price

The vendor's solicitor will send out a draft contract to your solicitor who will then raise enquiries regarding the contract that the seller's solicitor will reply to. At this stage a date for the survey on the property should have been set after applying and processing your mortgage application. Once your solicitor has everything they need a date will be set for exchange of contracts.

We will guarantee to keep you informed throughout the conveyancing process. There are no legal obligations until the contracts are signed.

Survey and Mortgage

Your lender will instruct a survey on the property to identify any structural problems and also advise on the property's value. Subject to everything on the survey being satisfactory a formal mortgage offer is sent out to you and your solicitor which you will need to sign and return.

Contracts

Exchange of contracts is one of the milestones in the home buying process. The exchange takes place between two solicitors yours the buyer and the sellers after all searches received, satisfactory replies to enquiries, mortgage offer in place and all preliminary work completed. This is the point of no return once contracts have been exchanged the buyer has committed to buy and the seller has committed to sell. Completion date will then be formally agreed between both parties and the date will be put into the contract.

Completion

Completion is when the outstanding balance is transferred from your solicitor to sellers solicitors account. Your solicitor will call you when the money has cleared and will inform us the estate agent to release.

Want to find out more? call 01706 713471 Email your enquiry

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