The 3 Step Homebuying Process

The Homebuying Process

Find a

Property

Check

the House

Buy the

House

Find a

House

Find a Property

Budget

Search

Make an

Offer

How much can I afford?

What do I think the property is worth?

What property do I want?

Find a Property - 1. Budget

Savings

MortgageSale funds

Costs

Budget

Find a Property - 2. Search

Take a look at the

property market

Arrange viewings

from a shortlist

View your favourite

property again

Find a Property - 3. Agreeing an Offer

Offer accepted when both

parties agree on the price

Check the Property

Mortgage

OfferCan I afford

this property?

Legal/

Conveyancing

RICS

Survey

Check the legal factors surrounding the property

Check the condition of the property

Check the Property - 1. Mortgage Offer

Mortgage

Valuation

Mortgage

Offer

Valuation

matches

offer price

Valuation

lower than

offer price

Renegotiate

with seller

Find alternative

mortgage

Check the Property - 2. RICS Survey

Search for a surveyor

at surveyorsnearme.com

Surveyor inspects

property & sends report

Decide on your next

steps

Buy with confidence

Walk away content

Renegotiate with

justification

Check the Property - 3. Conveyancing

Conveyancer

& DrainageWater

Environmental

Contracts checked

Local Author

Searches

ity

Buy the Property

Exchange

of Contracts

Move In!

Completion

Makes the transaction legally binding

Pay the seller and receive the

keys

Tie up loose ends in the first 30 days

Buy the Property - 1. Exchange

Buyer and seller sign

identical contracts

Contracts are read out

in a recorded call

between both parties

conveyancers to

confirm they are

identical

Signed contracts

are sent by post

Buyer pays deposit

Buy the Property - 2. Completion

The buyer sends remaining funds to the seller

and the seller transfers ownership to the buyer

Buy the Property - 3. Move In!

You can move in and

make yourself at home...

...and tie up any

loose ends!