OUR PROJECT IN DALLAS, TEXAS
Buying For Yourself or For Investment
The following information is about the home-buying process in UK or USA.
(1) Find your dream home
Now for the exciting bit – choosing a home to live in or buy to let for best return on investment. You can search by location, development, good school or close to major transport links. If you are buying from us, we will invite you for a home tour, where we’ll take you round your new home and show you where things are and how everything works.
(2) Get your finances in order
There are plenty of options to consider when it comes to a mortgage. Once you’ve done your research (or spoken to a mortgage adviser – we can put you in touch if you like) you can select the option that’s best for you.
The very first step for buying a new home is to check how much you can borrow, see how much your deposit will need to be and get a mortgage agreed in principle. This doesn’t tie you into anything – you can always choose a different provider later.
(3) Reserve your home
Now you’ve got your finances in order, it’s time to reserve your dream home. Once your home is reserved, no one else will be able to reserve it.
(4) Get a valuation and survey
Your mortgage lender will want confirmation the home is worth what you’re paying for it. They’ll organise the valuation for you – this might involve a fee. The survey checks the condition of your new home.
(5) Complete legal work
A solicitor takes care of all the legal aspects of the home-buying process. Remember to shop around for the best rate and make sure you find one that specialises in conveyancing (preparing the property transfer documents).
Your solicitor will look after this for you. It’s all about formally transferring ownership from us to you (known as conveyancing), and checking there are no legal obstacles in the way, like local plans that may affect the value of the property.
(6) Exchange contracts
Once the legal work is complete, your solicitor will exchange contracts with us. This is when you pay your deposit and commit to the deal taking place.
(7) Complete and move in
On the date of completion, you become the legal owner of your new home. The full cost of the property is transferred from your solicitor to the seller. Then the keys are yours and you can move in!
