Home Buying Advice
How do I start?
Contact your nearest Marsh & Parsons office, who will put you in touch with the most suitable agent for the area you are looking in. They will want to meet you and get to know all about you, so invest some time and think about the following:
- Which areas would you consider buying in?
- Are there other areas you would consider but don't know so well?
- What kind of property are you looking for?
- What are the "must-haves" and "don't wants"?
- How much are you prepared to spend to get what you want?
- When do you want to have moved by?
- Do you need to sell, and if so, is your property on the market yet?
- Do you know how much you can borrow, and if so, is your finance organised?
I want to see a property
- Once your agent has a good idea of your needs, it's time to get out there and see a good range of properties so that you can familiarise yourself with what’s achievable in your area and price range.
- The sooner you become confident about value, the sooner you will be in a position to buy with conviction.
- See as much as you can, however if you find the perfect property early on in your search, don't delay. If you like it, the probability is that someone else will as well!
- Give detailed feedback to your agent; it will help to guide them in assisting you.
I've found it!
When you find a suitable property, consult your agent about how to proceed. An offer is about more than just money; you will be asked to provide details of:
- Your buying position
- Proposed timeframes
- Any inclusions (curtains, carpets, etc)
- How you propose to fund the purchase
- The seller will expect us to obtain all of this information as it will aid them in their decision making.
What happens now ?
After a sale has been agreed, your agent will be the main point of communication between all parties involved in the transaction and will be with you every step of the way to assist where at all possible. Your immediate priorities are:
- Instructing a London-based solicitor with recent experience in your chosen area.
- Instructing and paying your IFA/ Mortgage Broker (if applicable) to submit your mortgage application and organise a mortgage valuation.
Once the legal (or 'conveyancing') work has been carried out and your finances are in order, you will be in a position to 'exchange contracts' prior to the agreed 'completion', at which point you can take possession of the property.
Any other advice?
- Invest time in your agent; the better they understand your needs, the more they can help.
- Make sure everybody who needs to see the property has seen it before you offer.
- Get your ducks in a row; there are thousands of mortgage products on the market. Consult an independent mortgage advisor who can tailor the product to your needs.
- Don't judge a book by its cover – no property will look like home until you have moved in!