But at Cavendish Homes we make this process as easy & smooth as possible.
Buying a home in a very fast-moving market, particularly for the first time, can be a daunting experience. Trusting this process in the hands of qualified professionals, who will direct and guide you through this process proves to be a much more efficient approach.
8 Steps to owning a Home
This step-by-step guide has been designed to walk you through the process of buying a property.
STEP 1: Arrange Your Mortgage
Before you begin your property search, it is advisable to arrange your finances and, if possible, have a mortgage agreed in principle. Speak to Cavendish Homes in-house financial advisors for an unbiased advice about the best offers from across the market.
STEP 2: Register Your Interest
Call us on 01535 692311 or email us via the website to register your requirements for the new home. We know the local property market inside out and can assure you that we will help you to find the best property according to your requirements.
STEP 3: Find Your Dream Home
Now the hard work starts. Once we have received your requirements, we will inform you of any property which meets your criteria. We also advise clients to continue looking at our website to make sure that they don’t miss on buying a property to live or to invest.
STEP 4: Make an Offer
You’ve found your dream home and you have fallen love with it – lovely news! We will ask to make an offer for the property and your offer will be forwarded on to the vendor.
STEP 5: Legalities (Conveyancing)
The successful purchase of a property can be reliant on the instruction of an efficient and experienced solicitor. It is a good idea to use a solicitor who knows the area and specialises in conveyancing.
STEP 6: Survey & Mortgage Offer
Once your offer has been accepted and the process of buying your home has kick started. Your mortgage lender will carry out a survey on the property and advise on the value – once they are happy with everything they will write to you and your solicitor with an offer.
STEP 7: Exchange of Contracts
Exchange of contracts occurs when all enquiries have been confirmed and agreed. Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be telegraphically transferred or paid in the form of a banker’s draft from your solicitor to the seller’s solicitor. The completion date is then set by mutual agreement.
STEP 8: The Home is Yours!
Completion is when the residual monies (usually 90%) are transferred from your solicitor to the seller’s solicitor’s account. We will release the keys once the money has cleared in the seller’s account. Congratulations, you are now the legal owner of your new home!
Can’t Find What You’re Looking For?
Just tell us where you’re looking, and we’ll undertake the search for you. We’ll even tout your desired areas to help find the property you want. With our state of art property finder (only available to our agents), we are well placed to help you find your dream home.