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!