The 10 Steps In Buying A Home With Queenan Properties
- Register your interest in buying aproperty
- The search begins
- Mortgage
- Viewings
- Making an offer
- Legal
- Sale agreed
- Searches and Surveys
- Contract approval and mortgage offer
- Exchange of contracts
About this guide:
At Queenan Properties we try to make sure that all our clients understand the process involved. Although it may seem allot to take in, its a simplle enough process and we are always on hand to help you in making the right desision.
Below we go into a little more detail about each step, if you have any questions please feel free to contact us.
- Step1: Register your interest in buying a property
The first step is to register with Queenan Properties either by calling us on +353 (0)96 37793 or Joe on +353 (0)87 6214422. You can also call into the office, which is situated in Enniscrone, were we can discuss your property requirements.
- Step2: View suitable properties
When we have a clear understanding of your requirements we will suggest a selection of properties that match your criteria.
We advise clients to get finances, including your mortgage, agreed in principle as early as possible, so when you find a house or property that is suitable, you are ready to move on it. As having delays after you have found a property can result in losing out to another person who is ready to go.
Queenan Properties are open at times to suit you, convenient for viewing after work and at weekends, We are available by phone 8am-9pm, 7 days a week.
Once you've found a suitable property, we'll put your offer forward to the seller, both verbally and in writing. Any offer is subject to contracts being signed.
There are no legal obligations on either side until contracts are signed.
A solicitor will be required to handle the legal paperwork involved (known as conveyancing).
It is preferable to use a solicitor who knows the area that you're moving to and specialises in conveyancing. We have a selection of tried and tested solicitors that are experts in property transactions who we would be happy to recommend.
Once your offer is accepted, you will need to instruct your solicitor to proceed immediately. At this stage it is a good idea to discuss exchange and completion dates. This is also the time to instruct your mortgage broker to proceed with your mortgage application and make arrangements for a survey.
- Step8: Searches and Surveys
A draft contract is drawn up by the seller's solicitor and sent to your solicitor, who will raise some preliminary enquiries. Your solicitor will either request their own necessary searches or will use the information already provided in the seller's Home Information Pack. A survey of the property will also be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property's value.
Once results of the local search and answers to the preliminary enquiries are received, the draft contract is approved by your solicitor, providing there are no further enquiries.
Formal mortgage offer
This document will be sent to your solicitor for you to sign. Once signed and returned, your mortgage is in place and you are ready to exchange contracts.
- Step10: Exchange of contracts
The contract then needs to be signed by you and the seller.
The deposit (usually 10% of the purchase price) is telegraphically transferred or paid by the buyer's solicitor in the form of a banker's draft. The completion date is then set. generally set a few days to a few weeks after exchange of contracts, depending on each party's personal requirements.
Residual monies (usually 90%) are now transferred from your solicitor to the seller's solicitor's account.
Congratulations, you are now the legal owner of your new home!
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