Buying Property in St Ives
Buying a property can be a very exciting but also an overwhelming task for even the most experienced buyer. If you’re looking to buy a property in St Ives the talented team at Harding Laity will always go the extra mile to guide you through this process. We’ve tried to summarise a few useful areas to consider before taking the plunge. If you want to search our properties click here.
Which areas would you consider buying in?
Are there other areas you would consider but don't know so well?
What kind of property are you looking for?
What are the "must-haves" and "don't wants"?
How much are you prepared to spend to get what you want?
When do you want to move?
Do you need to sell, and if so, is your property on the market yet?
Do you know how much you can borrow, and if so, is your finance organised?
There are normally quite a few extra costs that need to be considered including, Solicitor Fees , Search Fees, Stamp Duty. Mortgage Fees and Survey costs.
There are no guaranteed timescales for purchasing a property, however the average sale is between 8-12 weeks. This might seem a long time but there are quite a few hoops to jump through including getting your mortgage offer, commissioning a survey, applying for searches and your solicitor getting all the answers to the queries they raise.
The next milestone is to get to the exchange of contracts. When both you and your solicitor are happy with the contract you will then sign the contract and agree a date for completion. You will transfer money to your solicitor for the deposit (normally 10% of the sale price) and your solicitor will then exchange contracts with the vendor's solicitor. It is at this point that the contract is binding on both you and the seller to complete.
Completion day can happen on the same day of the ‘exchange’ or more normally a week or two later. This is the day your final payment and/or your mortgage monies are transferred to the vendor's solicitor and the property becomes yours. You can then start moving into your new home.
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