Our Guide to the Buying Process
So you want to buy a property in Hemel Hempstead? Luckily, we’ve designed our process to make the buying journey as painless as we can for you. Let us explain how we work…
1. Getting to know you
After you’ve registered as a buyer with Squire Estates, we’ll assign you a sales negotiator who can be with you every step of the way. Our first task on the buying process is to get to the bottom of what you’re in search of – what are your must-haves? What are your nice-to-haves? What’s your budget? We try to get to the bottom of each buyer’s key needs so that we can match them with their perfect property.
2. Kicking off the property search
Now, the search can begin in earnest. We’ll probably already have a property in mind for you after the consultation process, but we’ll check all of our listings to put together a selection of properties for you to consider. As new suitable properties come in, we’ll send them your way as a priority. Feel free to search our properties online to see what’s out there. If you’re going to buy a property in Hemel Hempstead with the help of a mortgage, we recommend that you already have a Mortgage in Principle from a lender by this point to speed up the offer process when you find somewhere you love.
3. Arranging property viewings
Once we find something that piques your interest, let us know and we’ll arrange a viewing at the earliest convenient time. One of our negotiators will be with you during the viewing so you can hear all the details of the property as you have a look around.
4. Fine-tuning your offer
Here’s where it gets really exciting; you’ve found your dream home! We’ll provide all the guidance you need to put in an offer that has a strong chance of being accepted by the seller. We’ll discuss with you all the additional information that would be helpful for us to put forward about your buying circumstances to strengthen what you put on the table. This may include the size of deposit, mortgage agreement in principal, chain or timeframe.
An accepted offer means we’ll draw up a Memorandum of Sale to confirm all the details of the price and any conditions that may have been agreed upon, and we can then begin the legal and financial side of the buying process. To do this, we will need the details of your chosen solicitor. Squire Estates can recommend some fantastic solicitors and financial advisors if you’re not sure where to find one.
5. Guiding you through the legal & financial process
Over the next few weeks, your financial advisor will need to get a mortgage firmly in place, your lender will request a survey of the property and your solicitor will get the ball rolling on the conveyancing process to get all contracts and transactions in order before exchange.
This may sound daunting, but your Squire Estates sales negotiator will be on hand to guide you through everything. We will play a large role in communicating between all parties (you and your solicitor, the vendor and their solicitor, your mortgage broker and any onward chain) to ensure the sale goes as smoothly as possible. We actually have an incredibly low sale fall-through rate of 5% – believe it or not, the industry average is 30%.
6. Completing your Hemel Hempstead property purchase
When all is ready to go and you are ready to exchange, your solicitor will set a completion date with the seller’s solicitor; once you have exchanged you are legally committed to purchasing the property. Your completion day is the most exciting part of all – the day we get confirmation of funds being with your seller’s solicitor, and Squire Estates can hand you the keys to your property!
Ready to begin your property-buying journey?
If you’re interested in buying property in Hemel Hempstead and its surrounding areas, register with us below or call us on 01442 233533 to speak to one of our experienced sales negotiators. You can also check out our available properties to buy in Hemel Hempstead on our online search tool. We look forward to kick-starting your buying journey!