With vast knowledge and experience at our fingertips, people rely on us for thoughtful and sensible advice when they have to make major life decisions. Our business is long established and we know Edinburgh’s property market inside out. Here’s the simple ten-step plan we’ve developed for when you’re buying a home.
Buying a property is one of the most important decisions you’ll make, so the first thing to do is find a solicitor. It’s vital to have a company like Sturrock Armstrong & Thomson – experienced professionals you can trust.
When you come across a property you like you can ask us to ‘note interest’. This lets the seller’s agent know you’re interested. It also means we’ll be kept informed about any developments, such as the setting of a closing date – and we’ll pass those details on to you.
If others are interested in the property, a closing date will be set by which everyone submits their best offer through their solicitors. If you’re the only person interested or the property is ‘Fixed Price’ you may be able to submit an offer straight away. But talk to us first – we’ll advise you on how much your offer should be.
Before the date of entry we:
On the Date of Entry we exchange the purchase price for Title Deeds, signed Disposition and keys. Now, you’re ready to move in.
Before you start your search, it’s good to know how much you can borrow. We can recommend an independent mortgage advisor or mortgage lender who will calculate the figure. Now, you’re ready to look for a home.
We can help you get a copy of the Home Report for the property. This includes:
Usually you hear within a few hours of the closing date if your offer has been accepted. If you’re successful, we receive an acceptance from the seller’s solicitor. We’ll go over that with you. When you’re happy, we send a formal response to the seller’s solicitor. There’s a process of exchanging these responses (“Missives”) until all terms are agreed.
There are numerous ways to find a home:
As part of the process it might be necessary to get an independent report. This can be a simple mortgage valuation, a more detailed survey report, or a lengthy building survey (this is rare).
We can advise on this and instruct it for you. If a survey is needed you can make an offer ‘subject to survey’.
When everything has been agreed in writing, neither party can withdraw from the contract without facing a penalty.
Buying a property is one of the most important decisions you’ll make, so the first thing to do is find a solicitor. It’s vital to have a company like Sturrock Armstrong & Thomson – experienced professionals you can trust.
Before you start your search, it’s good to know how much you can borrow. We can recommend an independent mortgage advisor or mortgage lender who will calculate the figure. Now, you’re ready to look for a home.
There are numerous ways to find a home:
When you come across a property you like you can ask us to ‘note interest’. This lets the seller’s agent know you’re interested. It also means we’ll be kept informed about any developments, such as the setting of a closing date – and we’ll pass those details on to you.
We can help you get a copy of the Home Report for the property. This includes:
As part of the process it might be necessary to get an independent report. This can be a simple mortgage valuation, a more detailed survey report, or a lengthy building survey (this is rare).
We can advise on this and instruct it for you. If a survey is needed you can make an offer ‘subject to survey’.
If others are interested in the property, a closing date will be set by which everyone submits their best offer through their solicitors. If you’re the only person interested or the property is ‘Fixed Price’ you may be able to submit an offer straight away. But talk to us first – we’ll advise you on how much your offer should be.
Usually you hear within a few hours of the closing date if your offer has been accepted. If you’re successful, we receive an acceptance from the seller’s solicitor. We’ll go over that with you. When you’re happy, we send a formal response to the seller’s solicitor. There’s a process of exchanging these responses (“Missives”) until all terms are agreed.
When everything has been agreed in writing, neither party can withdraw from the contract without facing a penalty.
Before the date of entry we:
On the Date of Entry we exchange the purchase price for Title Deeds, signed Disposition and keys. Now, you’re ready to move in.
Contact us today for a no-obligation quotation or to talk to one of our solicitors.
How can we help?