For our Vendors and Purchasers..
As it is probably your most important and expensive purchase, when it comes to buying your new or next home, it’s so important to choose a local estate agent who you can trust, feel that you are in a safe pair of knowledgeable hands and a team to help you to find exactly what you are after.
As such, mint homes are fully committed to providing you with an open and honest professional service and we have compiled a guide on how the buying process works.
Decide on your budget and do you require a mortgage?
If you are in the fortunate position of purchasing a property with cash or savings, you will not require a mortgage and this can simplify and speed up the process of buying. If you do require a mortgage, our advice is to begin the process sooner rather than later to ensure credibility with any sellers and smooth the process once you have found your ideal property to purchase. Are you looking for sound financial advice? We do have a recommended financial advisor who can help you – whether it’s a straight forward upsize, you are self employed, or looking for a fantastic rate. Give us a call to discuss further. At mint homes we are here to help in any way we can.
Deciding on the property and location..
Having made the decision on what you are looking for in a property, consider the area and what you may wish for out of the location. Is it a garden and parking that is essential and are the local schools or shops important or a priority for you? Remember, there are compromises with any home, and the more properties you view, the more you will understand what is most important to you. We also would suggest viewing a property, even if on photos it doesn’t look like the right fit. Buying a property is all about a feeling and when you walk in to a property, even if you may not think it would be right, it may give you the lifestyle you fully require. You will not be wasting our time, or yours!!
Making an offer and getting it accepted!
As we work together to fulfil your requirements of your search, and together, we find your ideal property to buy, we will help and advise you on making an offer that is realistic based on your assessment of the property and our knowledge of our Vendor’s position and desires. Nicole and Sally at mint homes are here to help the negotiations come to a successful outcome for all.
Appoint a Conveyancing Solicitor and organise a survey..
Congratulations, your offer has been accepted and you will require a conveyancing solicitor to work for you. Navigating your way through the purchase of a new home can be incredibly stressful and at mint homes we are fortunate to be able to offer the conveyancing services with our fantastic conveyancing team who works and communicates with us, understands and acts on your behalf throughout the whole process. We can guide you through the whole process and will keep communications open the whole way. Looking for a quote? Get in touch!
If the home you are purchasing was built more than 20 years ago, we advise that you organise a survey and the options are a ‘home buyers survey’ or a ‘full structural survey’. Please refer to our ‘survey’ blog for more information on which survey you will require, or speak to us further for advice.
Exchange of contracts!!
Once all legal and financial work is complete, and all are satisfied within the chain it is then wise to talk through exchange and completion dates and book your removal company. Once agreed, an exchange of contracts via the Solicitors takes place and it is usual to have to pay a deposit, which typically is around 10% of the sale price. Once signed and exchanged, the contracts mean that you, the buyer and seller are committed to the sale. Pulling out at this stage means you would be likely to lose your deposit.
Congratulations!! You now own your dream home!! This is where the balance of money is transferred from your solicitor – at this point the fees, stamp duty and any other costs are paid to complete the process. The day of completion is usually the earliest you can move in. Congratulations, the property becomes yours and the team at mint homes will arrange to meet you at your new home with the all important set of keys.