The Housebuying Process
2.
Once you have your Agreement In Principle has been estabilished,it is
time for the fun part (and I am sure many women will agree with me on
this!) - the house shopping process.For first time buyers who do not
wish to take advantage of the Homebuy options available and instead opt
for the more traditional purchasing method,it is advisable to meet with
the different estate agents in the areas you wish to live as they can
cater to your requirements and faciliate an overall smoother
transaction.
3.
When you have been to the viewings and feel ready to make an offer seek
the help of a solicitor who specialises in property law preferabbly
(i.e Hodders) or a licensed conveyancer.They can help you to make a
conditional offer for the property that is all importantly 'subject to
contract'.The 'subject to contract' clause means that your offer is not
legally binding (this is an area where the process differs in Scotland)
can be retracted subject to the problems in property coming to light
after more due diligence.In practise you are formally bidding your
price to the seller.The moment they formally accept your offer and
reply to your solicitor you can then proceed to the next step,however
it is not as simple as that because neccesary checks - all payed for by
you by the way - now must carried out to ensure the accuracy and
integrity of the sellers asset.One neccesary check to undertake is to
dig up the land title register records.Your solicitor will do this to
ensure that the seller is who he claims to be and actually owns the
land
or property they are selling.
