padforsale
  Steps Mortgages Viewings Surveys Exchange Moving Home
       
Buying or selling a home normally takes 2 to 3 months. The process can take longer if you’re part of a chain of buyers and sellers. There are several steps you’ll need to consider and follow, which we have provided below in clear useful steps and provided terminology of the various terms used in selling your property. note - steps & information will be dependent on the service and package selected.

 

 
STEP 1
 
 
Budget & Mortgage
Buying a property is a big step involving a substantial long-term financial commitment with one of the biggest ongoing cost being the mortgage, so think hard about what you can afford. You will need to consider the assets you may have such as savings, your incomine and day-to-day living expenses. more >>
 
 
 
STEP 2
 
 
Register your requirements
The next step is for you to register your details and property specifications which can be achieved in a number of ways i.e. by email, fax, phone, in person. Once we have your details this will enable us to determine which property matches your requirements, which can then be supplied either in person, via mail, email or just viewed and download via our website www.pad-4-sale.co.uk
 
 
 
STEP 3
 
 
Finding your dream PAD
Location, location, location is key!
Use pad-4-sale to find out as much as you can about a property you like using our detailed electronic brochures which include professional photographs, floorplans, and local information. You will also need to consider what aspects of a property are most important to you such as. more >>
 
 
 
STEP 4
 
 
Making an offer
Now you have found your dream pad, the next step is to make an sensible offer. It is important to consider a variety of factors when choosing your price level in order to achieve the right deal for you. Take a step back to logically look at all the things that matter before making your offer. First time buyers, buyers with no chain and buyers who have pre-arranged mortgages can potentially have a head start on most of the competition.
 
 
 
STEP 5
 
 
Offer accepted
Once the seller has accepted your offer, ask them to take it off the market. They don't have to agree to this, but doing so will shut out other potential buyers. Our negotiator will prepare a memorandum of sale, confirming the agreed price to all parties and will keep you updated during every stage of this process.
 
 
 
STEP 6
 
 
Survey & Mortgage
The next step is to obtain the Mortgage Valuation, as required by law and will be conducted by a Chartered Surveyor acting for your Lender. The report is to provide a Valuation to determine whether the amount to be loaned is secure and also deals with the basic condition of the property. Since you as the buyer are also provided with a copy, it allows both parties to evaluate the findings prior to entering into a commitment to purchase. more >>
 
 
 
STEP 7
 
 
Mortgage offer
The Lender is now in possession of the Mortgage Valuation survey and, subject to the findings of this report; receipt/approval of the mortgage application and provided all references and checks have been conducted satisfactorily, the Lender will send a formal mortgage offer to the buyer and their solicitor. The document is then signed and returned and funds requested by the buyer’s solicitor.
 
 
 
STEP 8
 
 
Exchanging Contacts
The exchange happens after searches are received, enquiries answered, mortgages in place and any preliminary work completed Once you have exchanged, you have committed to the sale and a completion date will be agreed. more >>
 
 
 
STEP 9
 
 
Preparing for moving day
It is unusual to hear from someone who didn't have a stressful time moving but being organised is the trick to minimise your stress levels during this time. more >>
 

 

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