Buyers Guide
Make sure to Budget
It doesnt matter whether you are buying and selling or just buying, budgeting your finances is your first step. A financial advisor is your first port of call and Karwoods can help, just call us. If you don’t require a mortgage it is sensible to think through all the potential moving costs you might incur such as Stamp Duty, legal fees, agents fees, removal costs etc as you plan your budget.
Arranging your solicitor
It is advised that you arrange a solicitor early on in the process so a file can be opened in readiness. Karwood can offer a panel of local and national solicitors to help you choose one. Call us now to discuss further on 020 8813 5050.
Agreeing a purchase
When you have found a your dream home we will check a buyer’s ability to proceed. If you are selling it will mean speaking to other agents in your chain. If you don’t need to sell we will ask for proof of funds. Once all the information is collected we will write to all parties to confirm the sale and then the legal process will start.
Arranging a survey
If you require a mortgage then the mortgage company will organise a mortgage valuation. If you are buying without a mortgage you may still require your own personal survey.
Legal work before exchanging contracts
Once instructed the solicitors will start work on progressing the sale. This means arranging searches, raising and answering enquiries, checking through all documents and if mortgage finance is required, dealing with the relevant financial institution. This process can take on average between 4-6 weeks.
Exchanging contracts
No sale is legally binding until this point. At exchange of contracts it does become legally binding and a completion date is set. This is the date to confirm your booking with your removal company and to notify your contacts of your new address.
Completion date
This is the date you get the keys to your new home. We cannot release the keys until we have had confirmation from the solicitors that the monies have arrived. The usually happens in the middle of the working day.