Buying a property is one of the biggest financial decisions you will make in your life. A bad buy could have consequences for you and your family for many years to come.You should always contact a solicitor first.
Always remember the auctioneer works for the person selling the property while your solicitor works for you and is there to look out for your interests.Properties are normally sold by private treaty or auction.
If you are considering purchasing a property and are unsure how the process works or what the payment of a booking deposit means please contact our office and we will explain the process to you.
Don’t be afraid to ask questions the only stupid questions are unasked questions. We can explain all the government taxes and charges you will have to pay such as Land Registry fees, Stamp Duty and search fees.
If you are buying a property it is important that you have it checked by an engineer before signing contracts however you don’t need to have it surveyed before you pay the booking deposit. It is not until you have signed contracts that you have to complete the sale.
Until contracts are signed both parties are free to walk away from the sale. You should never sign contracts until such time as your solicitor has had a chance to review the contracts and the title of the person selling the property to make sure they have good marketable title.
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