Step by step buying guide

Buying a home can be daunting, especially if it is something you’ve never done before. The decisions you make along the way can affect the cost of a property significantly, so Anthony David & Co have created a step by step guide of what to expect when buying a home:

First things first, you need to decide how much you are prepared to spend. Take the time to work out how much of a deposit you have – include any savings, gifts from relatives and the value of your existing home (if applicable).

Also, you’ll need to enquire about getting a mortgage. There are a number of different mortgage products available through a variety of lenders, so to help you make an informed choice, Anthony David & Co will put you in contact with a number of experienced mortgage experts in the local area.

Bear in mind that although you can’t get a mortgage before you buy, you can get a mortgage in principle which will put you in a stronger position when you bid for a property.

This is a very important decision – get it wrong and you will either be unhappy with where you live or face the costs of moving again, so we would advise you to research your chosen location thoroughly.

With unrivalled knowledge of Poole and the surrounding areas, Anthony David & Co can find properties close to local amenities that offer stunning sea views and access to some top local attractions. Our experienced sales team will help identify the perfect property for you using our years of industry expertise.

Once you’ve found your ideal property, it’s time to make an offer. Working alongside our sales team, we will help you decide how much you want to offer, negotiate the price to your advantage and successfully close the deal.

After a price has been agreed with the seller, a solicitor will need to handle the legal documentation that transfers ownership of the property to you. Anthony David & Co will introduce you to one of our local fully qualified solicitors who will take you through the legal transfer of the property step by step.

Before the property is legally in your possession, you are required to pay a percentage of the sale price of the property as a deposit and transfer this to your solicitor.

At the point when contracts have been exchanged with the seller, you will then become legally committed to buying the property. If you pull out after this without a valid reason, your deposit can potentially be forfeited.

Before you exchange contracts, you need to agree a completion date with the seller. Don’t panic though - our sales team at Anthony David & Co will help you decide on a suitable date for exchange as well as ensuring you have adequate buildings insurance for the property, as you are responsible for it from that point onwards.

Completion is the name given to the process of taking ownership of your new property. You are required to pay for the property on the agreed completion date at a specific time (normally midday) and all outstanding funds are transferred along with the deeds to the property also being exchanged.

You are now free to move in - congratulations, you are now a homeowner!

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