The Process of Buying a House in 3 Simple Steps

The home buying process is made up of 3 key stages which can be seen in more detail below:

  • Finding the right property
  • Carrying out checks on the property
  • Buying the property

Stage 1: Finding a Property

This is the stage where you work out how much money you have to cover putting down a deposit, paying purchase fees and what value property you can afford. We also look at how to create the best offer that leaves both parties happy to commit rather than accepting whilst hoping something better comes along.

Stage 2: Checking the Property

At this stage your offer has been accepted but it isn’t legally binding until you commit to Buy the Property through the exchange of contracts. So, we’ve coined this limbo period as Checking the Property – what you should do between these two points to make sure you’ve covered all the bases and can feel 100% comfortable to go ahead!

You can speed this stage up by conducting all three parts at the same time. However, you can also do them one stage at a time. This allows you can make a decision as to whether or not you wish to continue further checks once each stage is complete.

Stage 3: Buying the Property

In this stage you make the property purchase legally binding and move through to becoming the new legal owner allowing you to move in, decorate and have that all important house warming.

 

Downloadable guide:

View the full 3 Stages of Buying a House.