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The buying process after an offer is accepted

Once you have found your ideal property here in Sheffield and had your offer accepted, what happens next?

Once you have found your ideal property here in Sheffield and had your offer accepted, what happens next? Many first time buyers are not sure exactly what the steps are after having an offer accepted, as they have been that focused on finding the ideal home. don’t worry, if you buy with Belvoir! Sheffield then we will take you through the process and manage it for you.

Once the vender has accepted your offer we need to prepare a memorandum of sale. To do this we need both parties solicitors details and proof of funds, including mortgage details if appropriate. Once we have this, we prepare the memo of sales and write to both parties to conform the agreed price.

Then its the conveyancing stage, your solicitor will do the following as part of the conveyancing process:

- Raise any enquiries on receipt of the draft contract from the vendor’s solicitor
- Request their own local searches
- Refer to the information already provided in the seller's Home Information Pack
- Agree on a date for exchange of contracts

Then a surveyor may organise a survey of the property on the behalf of the mortgage provider to confirm the value of the property. You may wish to consider a further survey to identify any structural problems that the mortgage providers survey may not uncover.

If all is well, it is time to formally exchange contracts which agrees the terms of the sale and makes them legally binding on both you and the buyer. You will then proceed to agree a completion date. On your day of completion the money is transferred and the purchase is complete.

Congratulations, you are now the legal owner of the property!

Belvoir! Sheffield Estate Agents are leading Sheffield property experts and professionals, we know and understand this process inside out and if you buy a home through us we will help and advise you in order to keep the process on track and running smoothly.

Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages. Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.

For more information, please visit www.belvoirsheffield.com http://www.belvoir.co.uk/property-sales-sheffield-p4147] or call 0114 331 0033. Alternatively, please email rick@belvoirsheffield.com

For the most uptodate information relevant to landlords, vendors, and buyers of owner occupied and But to let property in Sheffield ensure you follow Belvoir! Sheffield on either Facebook Twitter or visit our website at http://www.belvoir.co.uk/landlord-information or for selling http://www.belvoir.co.uk/property-sales-sheffield-p4147

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