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Buyers Guide

 

 

 

 

 

 

 

 

 

 

 

 

Village Estates are pleased to present one of the area’s largest stock of available properties. By registering your requirements with us we can keep you informed of all new properties that become available and also ensure you do not miss out on any instructions we take on discreetly.

If you are a new buyer or somebody not familiar with the process when it comes to purchasing a property, see our step by step guide below which will get you on your way to a successful purchase.

 

 

Step by Step Guide

Step 1: What’s my budget?

Buying a property is a big step involving a substantial long-term financial commitment, so think hard about what you can afford. You will need to consider the assets you have awell as your incomings and outgoings. Also don’t forget to take into how much stamp duty you will have to pay and your solicitor fees.

Step 2: Getting in a Position

If you’re getting a mortgage it is best to secure this with a lender before starting the searching process. This way, when you find the right property, you will avoid being beaten to it by another buyer and you will also be in a much stronger negotiating position. If you are a cash buyer, then make sure your funds are accessible and finally if you have a property to sell we recommend getting yourself under offer as soon as possible to enhance your position when negotiating offers.

Step 3: Finding your ideal property

Easier said than done but don’t worry Village Estates are here to help. If you’re looking in and around the area, then the best thing you can do is register with us. Not only will we provide you with updates as soon as new properties are available (before they go to the mass market of Rightmove and Zoopla) but there are often discreet instructions which do not come to the market and can easily be missed. We do a lot of business discreetly as many of our vendors wish to keep their sale as private as possible. If you register with us, you become a member of our exclusive database and will be given the opportunity to see properties that other buyers can’t, giving you an advantage is the hunt for your ideal home. We recommend you consider some of the below factors when searching for your new home; - number of bedrooms / bathrooms. - parking provisions. - Garden space - How much work the property requires - Transport Links - Location

Step 4: Viewings

Viewings can often be over before you know it. So it's essential you make the most of the time you have in the house and come prepared with any questions or queries you may have. It is important you come away with a clear picture of what the property has to offer. We value your feedback and ask you to be as open and honest with us as possible. This allows us to firstly tackle any issues you have head on but most importantly gives us an idea of what exactly you are looking for. With this information we can then match you to a more suitable property if required.

Step 5: Making an offer

Once you have found the property for you, the next step is to make an offer. First time buyers, buyers with no chain and buyers who have pre-arranged mortgages have a head start on most of the competition. If this is you, then make the agent and seller aware of this, as this can put you in a favourable negotiating position, especially if the seller is in a chain. We will keep you updated throughout the entire negotiation process as we work with both parties to agree a sale.

Step 6: The Legal Process

Once an offer has been accepted you will need to instruct a solicitor. We have solicitors we can recommend that meet the same high standards of service we expect you to receive at Village Estates. Once your offer is accepted we will prepare a Memorandum of Sale which confirms the sale price and any agreed terms/conditions. This is sent to all parties involved and most notably introduces the both parties’ solicitors which in turn gets the legal process started. It’s at this stage you should then look to get any relevant surveys booked in whether it be a home buyers survey or mortgage survey. The vendors solicitor sends a draft contract to your solicitor which in turn allows your solicitor to commence any required checks and searches. Unlike some agents Village Estates are not of the view that our hard work stops once the deal is in lawyer’s hands. We work with all parties to push the deal to exchange keeping you fully informed every step of the way.

Step 7: Exchanging contracts

Once exchanged, there is a legally binding contract between seller and buyer for the sale and purchase of a property. One of the terms of the contract will be the completion date.

Step 8: Completion

On the date agreed at exchange monies are transferred between the solicitors and completion takes place. You will then be able to collect the keys for your new home and begin your next chapter. Congratulations!

 

 

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