W2 Estates - Corporate Brochure

14 A Fresh Perspective On Property Step 5. Considering and qualifying offers: When you receive an offer for your property it can be quite an exciting time. With this in mind it is our responsibility to ensure we qualify all offers, ensuring you are in receipt of the very best information possible to help you make the right choice. We will look into the buyers financial circumstances such as; Do they need a mortgage? Are they selling another property? How long is the chain beneath them and how advanced is it? What is their desired timeframe and so on! Many questions need to be answered before an offer can be considered for acceptance and we will make sure that when we present an offer to you, it will be accompanied by all the necessary information for you to consider it fully. Step 6. The conveyancing process & Surveys: Choosing the right solicitor or conveyancing executive is perhaps as important as choosing the right estate agent for your property. We will always be happy to make recommendations and we are proud to have great relations and work with some of the very best, top performing legal firms in the area. When you have selected your solicitor/conveyancer and we have secured details of your buyers representatives we write to all parties involved outlining the sale details. This is often called the ‘Memorandum of Sale’ and will enable your solicitor/ conveyancer to make contact with the buyers solicitor/conveyancer and start the process. Your solicitor/conveyancer will send you a contract to confirm you are happy for them to act on your behalf along with a selection of papers including a property sale information form and a fixtures and fittings form, amongst others. These should be completed and returned to your solicitor/conveyancer as soon as possible. However, if you have any problems filling these out then let us know and we will point you in the right direction. Your buyer will probably want a survey of your property. Especially if the buyer requires a mortgage. There are three main types of survey: Mortgage Valuation, Homebuyers Report and a Full Structural Survey. While the latter is less common most buyers will have one of the first two. The Mortgage Valuation is for the banks/ lenders benefit to ensure that the property they are lending on is not only suitable but actually exists. The homebuyers report is more in depth and will make recommendations surrounding any defects observed such a damp, decorative order, roof condition and so on. We are always on hand to discuss and negotiate any situations that might arise following the survey and have a long list of building professionals that can offer advice, quotes and suggestions to both yourself and your buyers if required. After your buyers mortgage offer has been received following a successful survey and their solicitor/conveyancer has completed their investigations into the title of the property with any questions raised having been satisfactorily answered we will reach the point of exchange of contracts. Step 7. Exchange and completion: Exchanging contracts is the point at which your buyer commits under law to the terms of the contract between you both for the purchase of your property. They will be required to provide their deposit (usually around 10%) to your solicitor/conveyancer and both yourself and your buyer will need to agree upon a date for completion. The exchange of contracts cannot take place without a mutually agreed completion date. We will liaise between all parties in your chain to ensure a mutual agreement can be reached. The completion date is the date at which your buyer will then provide the remaining balance of funds for the purchase and take legal possession of the property – moving day! Finally: Remember, we are here for you at every step of the process to guide, steer and advise ensuring you have the smoothest, most successful sale possible. This is why past clients return to W2 Estates!