Looking for a new home is exciting. But it can also be a time of anxiety. There are many different people to deal with and the procedures and negotiations are unfamiliar to most.That’s why it’s important to get it right and to work with an agent that ensures a smooth journey. For most people buying a home is their largest single investment, and one which, unlike most other purchases, is hoped to appreciate in value. Your property plays a significant part in providing for the future security of you and your family. So it’s important you work with the most experienced team out there.Our exceptional property team at Miller Hendry can coordinate your whole move from start to finish. Contact us early and we’ll get the ball rolling for you.
THE STAGES OF A HOUSE PURCHASE
Even before you start house hunting you must ensure you have the funds available to buy it. That means cash or the assurance of a mortgage.If any part of the purchase price is to be realised from the sale of your existing home it’s important to seek professional advice on your current property’s value and saleability – unless of course it is already sold. We can help by offering a free valuation and market appraisal of your present property, without obligation, by one of our very experienced Valuation Managers.If you need a mortgage, we can offer the services of an independent Mortgage Adviser, again without obligation. The Mortgage Adviser will research what’s available for you, matching your individual needs with the best product and terms. By contrast, if you go directly to a bank or building society, they will only offer you their own financial products.
Finding a Home
One of the best sources of properties for sale is the local Solicitors Property Centre (in our area that’s Perthshire Solicitors Property Centre and Tayside Solicitors Property Centre). These list properties for sale from most of the solicitors in your area, all in the one place and on their websites. Visit the centre, look at their website and look at their Property Guide. Study what’s available, look at the Home Reports (a factual record of a property and its condition) and view as many properties as possible. Take your time! Finding the right property is not something that should be rushed.Once you’ve seen a property you like it’s important to contact us immediately. Properties can go quickly and speed can now be of the essence! We can register interest on your behalf and you’ll be under no legal obligation. We can ask the Selling Agent all the right questions to see how to secure the property for you at the best price.Most properties have a Home Report which gives you the Valuation, energy information, Council Tax costs, and survey findings. (Scroll down for more information on Home Reports.)
Making an Offer
If there is no other interest in the property we will try to get things moving quickly for you. If there is other interest the selling agent may set a closing date so that each party has an equal opportunity to make an offer at the same time.We will agree a suitable date of entry and any extras that may be included in the price.
After your offer is accepted it’s time for conveyancing – the process by which the title of the property is transferred to you.We’ll examine the Title Deeds, check there are no outstanding loans secured on the property or unusual restrictions in the Title, and check that there are no planning or road proposals related to the property. We’ll also liaise with your lender to obtain your loan funds.
Settlement of the Purchase
On the agreed date of entry, in exchange for payment of the purchase price, we will receive the Title Deeds and keys for the property and then register the deeds. Once you get the keys, it’s important to make sure the place has been left in good order and that there are no defects. Make sure you have buildings and contents insurance organised, but most of all, enjoy your new home!
Remember that no two transactions are the same. But if unforeseen problems arise, be assured that Miller Hendry will try to resolve these as quickly as possible whilst keeping you fully informed.
Choosing Miller Hendry as your solicitors will ensure that your property purchase goes as smoothly as possible with the minimum inconvenience to you.
Contact us for more information and to discuss your needs.