Our Guide to Buying
Clear Properties recognise that the purchase of your home is one of the most significant transactions you are likely to undertake. We are sure that, with our local knowledge and expertise, we will be able to find a property to suit your needs, be it a straightforward move or a 'Buy to Let' investment.
In order to help you in your search, please find below a short guide to buying.
First of all, you need to know how much you can afford, so that when you see a property you like, you know straight away if it’s within your grasp. You must calculate two things:
1) Size of deposit you can afford
2) Type of mortgage you are likely to be allowed
Contacting the right mortgage adviser is crucial at this stage. Clear Properties have excellent relationships with a number of mortgage advisers from both the independent and building society sectors. It is advisable to talk to us before contacting anyone, so that we can guide you in the right direction dependent upon your requirements.
You will probably have a good idea of where you wish to buy your new property, and location has long been considered paramount when buying.
Remember the old adage,
‘Better to buy the smallest house in the best neighbourhood, rather then the biggest house in the worst neighbourhood!’
Knowing what you want at the outset can save you many hours of wasted time and effort.
The more viewings you do before you decide on your dream property, the better knowledge you will have of the pricing of different types of property in the area. You will see that valuations vary and so you should consider this before you put in an offer on a property.
Putting in an Offer
Once you have considered what you would like to offer, you should make your offer to us and not to the vendor. Our legal obligation is to check that you are a viable purchaser and check your details such as whether you are a first time buyer or have a property to sell etc, and if you have sorted out your mortgage.
Once we have established all of these things, we will then put your offer to the vendor both verbally and in writing.
Post Offer Acceptance
During the purchasing process, your solicitor will check the title deeds of the new property, do an official search with the local authority to see if there are any plans in the pipeline which will affect the property, ensure any items that are to be sold with the property are correctly itemised in the contract, ensure buildings insurance is in place by the time you exchange contracts, draw up the contracts and liaise with your vendor’s solicitor and your lender.
If you are selling, your solicitor will also ask your mortgage lender on your behalf the amount required to settle your mortgage and send you a list of questions regarding the property for you to answer which will form the basis of the contract. These may include details on the boundaries, any changes made to the property, rights of way, and covenants on the property - basically any information that affects the property! Your solicitor will then draw up the contracts for everything to be included in the sale including fixtures and fittings.
The contract then gets sent to the purchaser’s solicitors who will proceed with their own checks.
Throughout this process it is important that you keep in regular contact with your estate agent and they keep you informed of any developments through to exchange and completion.
“It is often the case that solicitors and estate agents don’t always see eye to eye and therefore it is vitally important that the solicitor you choose has a very good working relationship with your agent. We at Clear Properties have excellent relationships with a number of high quality solicitors and conveyancers throughout the Leeds area and can help choose the right one for you.”
We work closely with our partner agent, who is the largest independent removal company in the UK. What makes them different is their local knowledge high levels of customer service and geography of the local area.
Let us take the hassle out of moving….and place you in a safe pair of hands.