Leonards Estate Agents › Buyer's Guide

1 – Arrange Your Finance

The first step if you are already a property owner would be to contact us to carry out a free market appraisal to give you an idea of the value of your own home, which in turn will give you an idea of the level of finance available for you to purchase your next home. By contacting Leonards our financial adviser can offer independent mortgage advice to find you the most suitable deals and rates across the entire market.

2 – Join Our Mailing List

Register your interest with either of our offices where staff will be pleased to discuss and take details of your property requirements, or where you are short of time complete our online registration.  Once registered we will keep you constantly updated on listing which match your property requirements.

3 – Viewing The Property

It is advisable for you to research the area to ensure the property is located in an area that matches your criteria, such as schooling, transport links etc details of which are displayed on the map section of our web property search.  It is important that having made a viewing for a property, that you arrive on time.  You may meet the owner(s) of the property or our accompanied viewer who will show you round.  When viewing it is important to be objective based on all the aspects of the property and any queries ideally should be directed to us as the selling agent.

4 – Making An Offer

Once you have found a suitable property do not rule out offering the full asking price having researched the market to secure your purchase.  An offer should be directed through us the selling agent and you should detail and specific conditions upon which it is made.  In addition to your name and present address you will be asked to provide details of any finance and whether your proposed purchase is subject to the sale of any other property.  Details of your offer will forwarded for our clients consideration.  A member of our sales team will revert to you once we have received a response from our client vendor.

5 – Offer Agreed

Upon your offer being accepted we will ask you to confirm your solicitors details, or recommend a conveyancing solicitor to act on your behalf.  You will also be asked to provide proof of identification in order for us to comply with anti-money laundering regulations.  We will then prepare a memorandum of sale and write to all parties to confirm the agreed price and any special conditions relating to the sale.  A draft sale contract will be issued by the vendors solicitor to the your solicitor who may raise some preliminary enquiries about the property on your behalf.  You may arrange a survey or mortgage valuation to be carried out on the property.  Following this stage you will be able to agree dates for exchange of contracts and completion of your purchase.

6 – Exchange Of Contracts

Following preliminary enquiries, your survey and confirmation of your mortgage offer where required, you will be asked by your solicitor to sign the contract, which will also be signed by the vendor.  Once this occurs the sale transaction becomes legally binding and you will pay a deposit (usually 10% of the purchase price) to your solicitor.  A mutually agreed completion date is then set.

7 - Completion

You will need to make arrangements for moving to the property on completion or shortly thereafter.  Completion occurs when the outstanding monies are transferred from your solicitors to those of the seller.  The keys will be handed over to you once this has been confirmed to us.