SELL your PROPERTY in N8
BUY a PROPERTY
STEP ONE – THE OFFER
You will need to confirm your offer in writing, and we can help you to do this. We recommend that you include the following:
- confirmation of the sum agreed
- an estimated timescale for exchange and completion
- your survey requirements
- details of how you will purchase the property (whether or not you will be taking out a mortgage and whether the purchase is dependent on the sale of your existing property)
STEP TWO – ENGAGING PROFESSIONALS
You will need to instruct a solicitor or licensed conveyancer and agree on terms with them accordingly.
If you are applying for a mortgage, you will need to liaise with your financial advisor or mortgage provider to arrange the mortgage survey and to confirm the exact amount you intend to borrow.
STEP THREE – CONFIRMATION & PAPERWORK
Once your offer has been accepted we will send all parties written confirmation and the Memorandum of Sale outlining all the details of the sale.
At this stage, you will need to communicate with your solicitor on a regular basis to ensure that the sale is running smoothly and that everything is in place for the exchange of contracts.
STEP 4 – EXCHANGE AND COMPLETION
Before you can exchange contracts you will need to transfer the funds for your deposit to your solicitor – make sure you allow enough time for this as banks can be slow at transferring money.
Make sure your home insurance is in place from the date of exchanging contracts.
Once contracts are exchanged, make sure arrangements are in place to transfer the final completion funds to your solicitor.
On the day of completion, you will be able to collect the keys to your new home as soon as the vendor’s solicitor has received the monies. Now all you have to do is move in and enjoy your new home!