Helpful Information

Purchasing Process - Briefly explained

A Step by Step Guide:

1. Selecting a property

Once you have looked through our selection of properties for sale and selected one or more to view please contact our office on 626123 to arrange:-

2. Accompanied viewings

We will accompany you around your choice of properties and are there to provide answers to any questions you may have about the property, its construction or any surrounding facilities.

Viewings can be arranged and carried out at times and days, by prior arrangement, in order to suit prospective purchasers - in fact 39% of viewings are carried out after work and at weekends.

Our office is open 9.00am - 5.30pm Monday to Friday and 9.00am - 4.00pm Saturdays

3. Making an offer

Once you make an offer on a particular property, you will be asked what that offer is subject to i.e. Contract, Survey, Mortgage, the sale of your current property, in order for the Agent to report fully your offer to their client.

4. Instructing an advocate

The successful purchase of a property can be reliant on the instruction of an efficient and experienced advocate. It is a good idea to do some research and make a decision as soon as or even before you make an offer, as this will help to avoid delays.

We can offer recommendations if required.

5. Offer agreed

Once an offer has been accepted, Cartermoon will do the following:

Ask you to confirm your advocate's details

Write to all parties to confirm the agreed price

Prepare a memorandum of sale

Your advocate will receive a draft contract from the vendors advocate in order for them to carry out preliminary enquiries. At this stage a survey will normally be arranged on the subject property, by either the purchaser of their lending source. You will be able to arrange dates for exchange of contracts and a proposed date for completion.

We will advise you and negotiate on your behalf throughout this process, keeping you informed every step of the way.

There are no legal obligations until contracts are signed and the deposit paid.

6. Exchange of contracts

Exchange ofcontracts occurs when the following points have been confirmed and agreed:

Preliminary enquiries following receipt of draft contract

Evidence of a good title

Specific issues highlighted in the Lease, if applicable

Local search queries

Fixtures and fittings to be included in the sale

The buyer's mortgage offer

Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be telegraphically transferred or paid in the form of a banker's draft by your advocate to the vendor's advocate. The completion date is then set by mutual agreement

7. Completion

Completion is when the balance of purchase price (usually 90%) is transferred from your advocate to the Vendor's advocate's account.

The vendor's advocate will confirm when completion has taken place and will inform us to release the keys to the new owner.

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