Buying a home, particularly for the first time can be daunting. The decisions you make along the way could save you – or cost you - many thousands of pounds. Here’s our step by step guide to buying a home...
Before you begin your property search, it is advisable to arrange your finances and, if required, have a mortgage agreed in principle. This will confirm how much money you will have to fund the purchase, which will ultimately influence your property search.
At Archer Peers we work closely with reputable financial advisors who have helped our clients over many years. Please contact us to arrange a free no obligation meeting with an experienced financial advisor.
The first step to finding the right property is to register with us either by calling us on 01763 232323 or visiting one of our 2 offices where you can discuss your property requirements with one of our local agents. You can also register your interest about a specific property online if you are short of time.
With a wide range of fantastic properties to choose from across our area you can have confidence in finding a home to suit your needs.
Once we have a clear understanding of your requirements you will receive a selection of properties that match your criteria. We can also keep you constantly up-to-date via email and SMS alerts when the latest properties become available.
We're open at times to suit you, convenient for viewing after work and at weekends:
Our offices are open Monday to Saturday. In addition, our phone lines are open 8am-8pm with no call centres and a full weekend service.
In order to secure a property we recommend an early viewing. We are on hand to answer any questions immediately and advise where necessary.
The successful purchase of a property can be reliant on the instruction of an efficient and experienced solicitor. It is a good idea to use a solicitor who knows the area that you're moving to and specialises in conveyancing. Archers Peers work very closely with a number of highly regarded local solicitors and we are happy to make introductions on your behalf.
Once you have identified a suitable property we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. You may need to demonstrate, if requested, that you are able to proceed such as providing evidence of your mortgage agreed in principle and full chain information where applicable (this can be provided by your estate agent).
There are no legal obligations on either side until contracts are signed.
Once your offer is accepted we will do the following:
As part of the conveyancing process your solicitor will do the following:
We will assist your solicitor and constantly liase with all parties where applicable, keeping you informed every step of the way.
A survey of the property will be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property's value.
After the mortgage valuation report is received, a formal mortgage offer will be sent to you and your solicitor which you will need to sign before it is returned.
There are no legal obligations until contracts are signed.
Exchange of contracts occurs when all enquiries have been confirmed and agreed.
Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be transferred directly from your bank account or paid in the form of a banker's draft from your solicitor to the seller's solicitor.
The completion date is then set by mutual agreement.
Completion is when the remainder of the monies (usually 90%) are transferred from your solicitor to the seller's solicitor's account on the completion date agreed at the exchange of contracts.
We will release the keys once the money has cleared in the seller's account.
Congratulations, you are now the legal owner of your new home!
Before putting your home on the market be sure you are making an informed choice by arranging a FREE MARKETING APPRAISAL.