Buying a home is a complicated and sometimes exhaustive exercise. Remember, for many it is the single most important and expensive purchase you will ever make. It is important that you get it right, because changing homes is expensive and time consuming.
The process starts with the search. Today this is made easier with the use of the internet, where the majority of properties for sale are advertised. However, nothing is straightforward and having made a decision about the area you want to buy in LOCAL KNOWLEDGE is the key. It is well worth talking to people who do know an area intimately; this knowledge will make scrolling through the hundreds of properties advertised on the internet that much quicker. There are roads and streets that you may want to avoid completely, others that you really want to concentrate on. It is also a great idea to get familiar with floor plans – they tell you so much more than the ‘lovely’ photographs.
Viewing of suitable properties
Of course, viewing various properties is essential and it makes sense to set aside some time. Concentrated viewing periods are a good idea as one can easily compare one with another whilst still fresh in the mind. However, make sure you know what it is you are going to look – it is endlessly frustrating to be ‘forced’ into viewing properties that are completely irrelevant and often a complete waste of your valuable time. When looking at a property do remember that just because there is a nice smell of freshly baked bread and some pretty furnishings does not mean this is the ‘right one.
Offer Accepted on your property
Once an offer is accepted you and the vendor will be sent a Memorandum of Sale by the selling agent which gives details about the property, how much it is being sold for and who the various solicitors are. This document will also be sent to the two solicitors involved who will communicate with each other and get the process moving.
Surveys and Valuations
Your mortgage lender will arrange for a valuation of the property and very probably a survey as well. The selling agent will provide access to the property and will also assist the valuer in establishing that the price agreed is relevant by providing him with recent comparable sales information. Unless you are paying well over the odds there should not be any great problem with the valuation. Surveys of course are different. They can show up problems with a property which may be of concern to a mortgage lender and any such issues may need to be addressed by all parties.
Exchange date set
Once all queries have been settled, mortgage finance has been agreed the solicitors will set a date for exchange of contracts. At this stage you as the buyer will be required to put down 10% of the purchase price. At this time also a completion date will be agreed which is the date you will pay the rest of the money and the seller will hand over the property to you. It is quite normal for there to be a gap between exchange and completion, often as much as a month.
COMPLETION OF THE PURCHASE OF YOUR NEW HOME – Time to get the paint brushes out!
Lanigan Estates Ltd, run and personally managed by Jessica Sebastian, her father Peter and an excellent team, have managed my property portfolio in London for over 10 years. The service they provide is comprehensive, honourable, fast, fair, accessible, efficient and effective. Bank transfers are made on time without exception. I have never had a problem with a tenant over the years as Lanigan Estates with their hands on, personal approach ensure that Landlords receive a stress free service.
I find dealing with Lanigan Estates Ltd very easy, friendly and professional. I live and work outside the UK and needed to have someone who is efficient in dealing with my queries and is able to respond to my emails promptly. I am extremely happy with the service I receive and the ethical value of honesty in managing my property.
I have had a really good experience with Lanigan Estates Ltd while I was living in Battersea. From the very first moment they have shown me to be really helpful, quick to respond to my emails, answering all questions and providing all information requested in a very accurate and professional manner.
I truly recommend this agency, which has been the best I approached so far in my flat hunting.
I would like to say how impressed I have been with Lanigan Estates – you have been by far the best estate agents I have come across in London. I would not be leaving the house if it wasn’t for the change in my job, and hope that the house continues to be a great place to live for the future tenants.
Many thanks in advance for your help.
I just want to say that your service has been over and above any expectations and you have relaxed me so I can enjoy my weekend
THANK YOU 🙂
Lanigan Estates Ltd have managed the property we have been living in over 4 years. They are thoroughly professional and responsive in all their dealings relating to the property. I highly recommend them.
Jessica and Lanigan Estates have been managing my rental property for the past 5 years and they have been professional, reliable, efficient and friendly. I feel extremely lucky to have been recommended to Jess and her team and have received a far better service than with any other property agent. This includes finding suitable tenants, arranging for reasonably priced trades/service people, attending to problems quickly and contacting me when necessary to discuss any issues. I highly recommend La…