Tips for buyers

Tips for buyers
Tips for Buyers

Buying property in Notting Hill and Kensington is likely to be of the most significant purchases of your life and there is no escaping that the process can be complicated, convoluted and if not handled right, stressful.

Whether you’re a local buyer or international, our team is on hand to successfully guide you through the experience with expert advice and support throughout.

The best way to look at the buying process is by taking it step-by-step:

1. Budget

Before you start your property search, you should have your finances in place. It will save time and stress further down the line. If required, you should have a mortgage agreed in principle indicating how much money you have to fund the purchase.

2. Register your interest

Once you know your budget, register with us so we can help you with your property search. You should give some thought to the following elements before we speak:

Location – think carefully about the areas you want to search in and what criteria are important to you. How close to a tube station or a park do you want to be? How important is it to have good restaurants and shops nearby? Are you willing to consider areas you don’t know so well to get more for your money?

Property Features – it can be helpful to draw up a “wish list” to establish the most important considerations for your needs. Does each bedroom need to be en-suite? Will a communal garden suffice for outside space? There will undoubtedly be some compromises to make along the way so putting your desires in order of importance can be a good sanity check.

Timescale – when do you want to move by? Do you need to sell your property and is it on the market yet?

How much is my property worth?

3. View properties

Once we have a good idea of your needs, we’ll show you the relevant properties. We will keep you up to date with any properties that we think meet your criteria and arrange viewings at a time to suit you. We will accompany you at all times to answer any questions you may have.

If you find something you like early on, don’t be afraid to act. We hear from so many buyers that the first property they see is their favourite. If you like it, other buyers probably will too and good properties don’t tend to hang around!

4. Put in an offer

When you’ve found the right property, we can advise you on how to proceed. The vendor will want to know more about you as a buyer before they can make a decision such as your buying position, timescales, what you want included as part of the purchase and how you intend to fund the purchase.

Once a sale is agreed, we will be the main point of communication between all parties involved and will keep you updated every step of the way. There are no legal obligations on either side until contracts are signed.

5. Instruct a solicitor and arrange a survey

The successful purchase of a property can be reliant on the use of a good solicitor. At the very least, you should ensure that they have good experience in the area you have chosen to buy, as knowledge of local market history and planning precedents can be invaluable. Your solicitor will undertake all conveyancing work on your behalf such as requesting searches and agreeing on a date for exchange of contracts.

A survey of the property will normally be arranged by your mortgage lender to identify any structural problems and advise on the property’s market value. If you’re not undertaking a mortgage you will be responsible for organising your own survey. We can advise you on which type of survey would be most suitable and recommend some reputable local surveyors if required.

6. Exchange contracts

When all enquiries have been satisfied, you can exchange contracts. Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be transferred from your solicitor to the seller’s solicitor. The completion date is then set by mutual agreement.

7. Completion and move

Completion is when the rest of the funds clear from your solicitor’s account to the vendor’s solicitor’s account. This is when the keys are released and the property is all yours!

Arrow  Search property for sale in Kensington
Arrow  Search property for sale in Notting Hill