10 steps for buying a home with Lang Town & Country
Whether you are a first-time buyer, or you’re thinking about selling your current home and moving, we’ve put together this handy guide to buying a property in Plymouth.
If you’re thinking about moving, your first step should be to register your interest with Lang Town & Country.
Decide what you want in a home – whether that’s number of bedrooms, location or a garden – and we’ll send you details of properties which suit your requirements.
It also means we’ll already have your details when the time comes to booking a viewing.
We understand that it’s tempting to hold off selling your home until you find another. However, that is the last thing you should do.
If you need to sell your current property to buy your next, secure a buyer first.
This way, when the right one comes to the market, you’ll be in a prime position to make an offer.
We find the majority of sellers prefer to deal with buyers who have, at the very least, got their home up for sale.
If you fail to act first, another house-hunter with a buyer already in place will likely be in a far better position, no matter what your offer is.
If you need a mortgage to start your search for a property, it’s important to know how much you are able to borrow.
Perhaps the most important thing to have in place when buying a property is your Agreement in Principle (AIP).
The AIP is confirmation from a mortgage lender which states how much money they are prepared to pay towards your new home.
Even if you have finance in place, you may still have to compete in a best and final offer situation with other buyers.
Lang Town & Country has dedicated mortgage experts – so get in touch and we can help you take the next step.
If you think you’ve found ‘the one’ get in touch with our teams to book a viewing.
Make sure to plan ahead, though – particularly if you are travelling out of the area (weekends are often our busiest days).
If you’re unable to attend a viewing in person, don’t worry. We put virtual tours of all our properties on our YouTube channel here.
Signing up to our channel is the best way to watch our videos, and we now have more than 1,400 subscribers. You’ll even receive a notification the moment we upload a new video.
Congratulations – you’ve found a property you want to buy. Your next step is to reach an agreement.
Many house-hunters miss out on their dream home because they don’t take the right steps when it comes to making an offer.
With so many people looking for properties, how can YOU stand out when the time comes to make an offer?
Here’s more info on how to get your offer accepted when buying your next home.
If you are buying or selling a property, you will need to appoint a solicitor to act on your behalf.
Don’t be afraid to ‘shop around’. Like most sectors, it’s a good idea to contact a couple at this stage to get some quotes.
Then, when you find your ‘dream home’, you’ll be in a great position to get the buying process moving.
If you want any advice, we have links with excellent local solicitors and can put you in touch.
There are three main types of survey. If you require a mortgage, your bank will usually insist on a Mortgage Valuation to establish that the property is good security for the loan.
A Homebuyer Report is for more conventional residential property built within the past 100 years and includes a detailed visual inspection of all aspects of the property that are available for inspection.
And a Building Survey (also referred to as a full or structural survey) is suited to older properties, or properties which may have different forms of construction or undergone major changes.
Often a professional survey can help you avoid expenses in the future by highlighting defects you may not have spotted, but as a minimum it should reassure you that everything is okay with the property.
If you need any help, please do get in touch here.
Conveyancing is the process by which the legal transfer of property from one person to another is made.
The buyer or their solicitor/conveyancer will examine the legal documentation for the property and raise questions in order to approve the contract of the sale.
We can recommend good solicitors who have valuable experience with property transactions in our local marketplace.
After your offer has been accepted, we will write to you and the seller of the property exchanging details of your solicitors/conveyancers who will then contact each other to start the next part of the process.
We know that this stage of the purchase can be stressful – so please don’t be afraid to ask our team if you have concerns or questions.
The exchange of contracts is the legally binding part of the process. This is when you hand over a deposit.
Contracts are exchanged once both you and the seller and your respective solicitors/conveyancers are satisfied that everything is in order, a date for completion is agreed.
From this point, both parties are legally bound to go through with the transaction.
Congratulations – you’re ready to move into your new home.
On the day, the balance of monies is transferred via the banking system. Your solicitors will then inform you that you’ve completed, and will tell us so that we can release the keys to you.
With all the excitement of collecting your keys, don’t forget to read the utility meters when you arrive.
And remember to re-direct your post!
This buying guide is intended to serve as a guide and help you through the process.
We understand that buying a house, though exciting, can be extremely daunting. If you would like to arrange a time to speak with one of our experienced estate agents, please contact your local office and we’ll be happy to get you started.
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