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The Buyers Guide

1.The Start You want to buy a property?

2.The Cost of Moving

Remember there are costs to consider when buying a house. It is always sensible to have a contingency

Associated Costs of buying:

3.The Mortgage

Smith Melzack will require proof that you have funds to purchase a property or awaiting a buyer to purchase your property first.
It is a good idea to have a mortgage agreed in principle before deciding on a new property - it will help to speed up the process.

4.Instructing a Solicitor

Need a property solicitor to take care of legal and administrative details?
We work with independent law firms who specialise in the buying and selling of property in the area. Please ask the office for details

5.Finding and Viewing a Property

There are many ways to find a property:

6.Making an Offer

Now you have found the right property speak to us, we will contact the seller verbally and in writing and manage the negotiation.
Note: Until the contract is signed there is no legal obligation by the vendor or purchaser

The Seller will consider the following:

7.Finalise the mortgage

8.Exchange and Completion

The offer is accepted, what next?

In the event of satisfactory responses being received, a local search will be carried out, a copy of the mortgage documents will be handed over and both the buyer and the seller will sign the contract. The buyer will provide a deposit cheque to the buyers solicitor usually between 5-10% of the purchase price.

The completion date can be any time up to 28 days after the date of exchange a date to be agreed by both parties this is the point where funds are transferred from the buyer to the seller.

Prior to Completion remember to organise:

We at Smith Melzack are happy to have helped you find your new home
Has your property's value increased? Call 0208 908 4633