If you are thinking of moving house then the first task is to get an affordability check followed by a mortgage in principle. Do some research and find out what local properties are selling for which are similar to your own property.
Formulate A Moving House Checklist
We suggest that you use a moving house checklist and cost out each stage using professionals that will provide a fixed fee price. That way you can add up each cost and establish a budget.
- It is surprising how much a move will cost.
- Be aware the older properties may need a Building Survey which will cost considerably more than a Homebuyer Report.
- The internet has made the task of getting direct pricing so much easier.
- Use Spam Free Comparison Websites To get A Grip on potential Costs
- Watch out for low headline pricing.
- Comparison websites that do not offer a fixed fee
- The annoyance of disclosing your personal details upfront.
- Not being able to compare like for like quotations
If you pull out of the transaction then is there a search pledge in place to provide another set of searches for free. Massive saving should you need it.
Low heading pricing is a hook to get you to engage but then hidden fees suddenly are disclosed and often when you are least expecting it. Websites should be offering full transparency so that you can make an informed decision on who to instruct. Comparing like for like pricing is a prerequisite. Displaying fully itemized direct High Street pricing before you enter your personal details eliminates those unwanted calls and emails.
To give you a head start and you are buying UK property then why not check out the convenient HomebuyerConveyancing.com website. The purchase quotes within the conveyancing quotations include a search pledge. If you pull out of a transaction through no fault of your own your Solicitor can get another set of searches for Free for your replacement property up to a value of £300.
No personal details required. Online 24/7 where you can instantly take a Mortgage lender-approved conveyancing quote away and schedule a callback to discuss your quote. Filter results by price, location, and Lender makes the comparison website one of the best.
Many websites want your details upfront. This can be annoying if you just want to budget your move.
Instruct A Fixed Fee Solicitor Before Offer Acceptance Stage
When you instruct a Solicitor to manage your property sale, purchase or remortgage they will send out a Client Care Pack. Within this pack, you will find the terms of agreement which you will need to sign and either post or scan. Only when this is received back with the conveyance begin. Initially, the Solicitor will carry out ID checks on you. It is not uncommon for this instruction process to take as long as 2 weeks.
If you receive an offer on your property or you are about to make an offer on a property then you need to be firmly in the driving seat.
Get your ducks in a row and instruct a Solicitor when you place your property for sale. When offers are accepted you can confidently pass on the right contact details for your chosen Solicitor. Always check the details that are passed over are correct. You would be amazed how many times Buyers and sellers get the details wrong.
It is a good idea to use the same Solicitor for your sale and purchase. It makes it easier as you have 1 point of contact.
- Forward Planning Will Save You Time And Money
- Forward planning will save you time and money and excellent comparison websites will help you do just that.
- Forward Thinking Helps Conveyancing
Once you have sorted out which Conveyancer to use you can then think about which Surveyor to instruct. Two types of survey, the Homebuyer Report, and the Building Survey. We would suggest that you focus on the earliest availability and then price. Instructing a survey once an offer has been accepted is a priority. If you can get the survey instructed in under 7 days then you have done extremely well. The surveyor will normally take 3 – 4 days after the survey to report back to you.
Some even offer a Video. Great if you’re abroad and buying a UK investment
When the Survey report is done you will understand what needs to be done to the property to bring it up to the RICS standard. You will need to cost out the jobs detailed in the report. You can use the budget repair cost as leverage to get the price down of the property. In some cases, it is better to ask the Seller to carry out the repairs or enquire if the seller is happy for you to instruct repairs between exchange and completion.
Always check with the Mortgage lender regarding the survey report. They may hold monies back on the mortgage loan until repairs have been carried out and a re-inspection may be needed. When a lender holds back monies it is called a retention.
With the Survey findings, you can renegotiate the price, pull out of the deal or swiftly move forward advising the vendor that you are still happy with the offer. Don’t forget you made the offer on the property ‘subject to survey’.
Report back to the Vendor within a few days of the survey report. They will be concerned about what your want to do next. Advise your Solicitor of the findings and what your wishes are.
The majority of people put in a lower offer and hope that the vendor accepts. Just be careful that the deal doesn’t become too good. If it does then you are at risk of being Gazumped. Someone else comes along and puts in a higher offer.
Deals need to be fair for both sides and your determination to be in the driving seat using an experienced Conveyancing Solicitor will pay dividends.
Make your move really happen by having a realistic plan. Once the survey report is done, discuss an exchange of contract dates that can be achieved.
Moving house is an anxious time but forward-thinking will reduce the uncertainty.