Buying a property is a serious matter. For most people it is the single biggest purchase in life. At Oak Estate we don’t take the matter lightly, and we know you won’t either. Our Professional team will guide you through the whole process, and make sure you are informed every step of the way with the mission of you walking away with the home of your dreams.
Here is our step by step guide to make sure the process is run smoothly and within a good time scale:
1. Set out the budget
Review your financial Circumstance in detail to make sure you won’t be out of pocket once you have paid for the deposit of your property. Our in-house mortgage advisor can help calculate your budget, source a great deal from the most suitable lender and at the same time you will also find out how much Stamp Duty you will need to pay. At this first stage of the process you must be very realistic about what you can buy to avoid wasting time and being sad about what you can’t afford.
2. Finances, Mortgage and Legal Advice/Representation
Working closely with mortgage brokers, banks means that you get the best advice to find the right mortgage with the best rate and scheme to suit you. You will also need advice from a solicitor to make sure all legal paperwork, contracts and the exchange of the property is actioned correctly.
3. Dream Home, Dream Investment
Whether you are buying your dream home or buying a property as an investment, you must make sure to research within more than one source to find the right property for you. We would suggest that when you have chosen an area then you should also look at surrounding areas to see what your money could also get in those areas. You would be surprised what a difference the postcode makes. Whether you want your property with good transport links or good schools, or you want to know the crime rate in the area, then research it extensively. Know what you are buying.
4. Manage the purchase process and exchange
Once you find a property and make an offer which is accepted then you will be in contact with you agent and solicitor to start the purchase process. Your deposit must be ready on the day of the exchange. You will then be ready to sign contracts and get your keys!