Buying a property with ONE
With exceptional market knowledge, excellent contacts, and the ability to provide intuitive advice to its clients, the ONE team will work tirelessly to find your ideal home. At ONE, we are often aware of new properties coming onto the market before their official launch, allowing clients a ‘first look’ not available to the general public.
When you have found the property that is right for you, the time has come to make an offer. Although you may have made it verbally it is always a good idea to follow it up in writing.
Inside tip: Making an offer does not bind you legally. There is no legal obligation until contracts are exchanged.
The agreement terms
Once we have negotiated and agreed a price for the property and the fixtures and fittings you wish to include in the purchase, ONE will draw up a memorandum of sale putting your solicitor and the seller’s solicitor in contact with one another. At this point, you may wish to instruct a survey to the property. We are happy to make recommendations.
Once your solicitor has received the contract and supporting documentation, he or she will apply for local authority searches and raise any enquiries they may have.
Inside tip: It’s at the conveyancing stage that experienced estate agents like ONE Select Properties are enormously helpful, providing information in progressing your purchase quickly and efficiently.
Your solicitor will report to you and ask you to sign a contract. You will pay a deposit — normally 10% of the purchase price — and solicitors then exchange contracts. A date for completion will be agreed and confirmed.
The remaining balance will be transferred from your solicitor’s account to the sellers and, and simoultaneously completion takes place. The ONE team will arrange with you the most suitable handover of the property.