Buying Guide

To ensure you can secure your dream home and stay ahead of your competition (other buyers), your first point of call should be a financial or mortgage advisor to ensure you have the funds available to purchase. The advisor will supply you with an Agreement in Principal, which you will be asked for if you make an offer on a property. If you require a mortgage, ensure you have the deposit saved. Generally, a minimum of 10% deposit of the purchase price is required. You can save more and there are options to pay less. If you are a cash buyer, ensure the funds are available.

Register with us and sign up for notifications on property portals so you are notified when a new property comes to market which meets your requirements. When speaking to one of the team at Grace Estate Agents, you will be asked for your full contact details as well as your property requirements such as, the number of bedrooms and bathrooms you require, the areas you are looking in, your budget and any other important requirements. It’s good to be as specific as possible but also realistic about what isn’t so important to you. If we have a good idea of what you are looking for we can email you properties before they are publicly advertised; from your feedback we will gain a better understanding of your requirements until we find your dream home.

If you see a property you would like to view call the office to book. Like the property you have viewed? Make an offer through the team at Grace Estate Agents and begin negotiations.

Once you have your offer accepted you will be asked to send in your required identification documents for Anti Money Laundering Regulations. You should also let your mortgage advisor know you have had an offer accepted on a property.

Whilst your solicitor is waiting for draft contracts from the seller’s solicitor, if you are purchasing using a mortgage, a survey will get booked on the property and your formal mortgage application will begin.

During this time your solicitor may raise enquiries on the draft contract. Once all enquiries are answered and your mortgage has been approved an exchange and completion date can be agreed.

Generally, a 10% deposit is required to exchange and enter a legally binding contract to purchase the property.

Your solicitor will liase with your lender, if you are purchasing using a mortgage, and organise for the remainder of the funds to be sent on completion. Once the team at Grace Estate Agents receive confirmation from the sellers solicitor that funds have been received you can come into the office to collect the keys to your new home.