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Saturday May 19 2012




BUY SELL RENT MORTGAGES LIFE, PENSIONS & INVESTMENTS My OBG CONTACT US ABOUT US


Did you know?
We are the only auctioneers in Sligo Town offering a virtual tour of your property.

OBG

Buying Process


OBG

Our step by step guide to buying property

Step 1 Register your interest
The first step is to register with us either by calling us on +353 719140404 or visit our office on JFK Parade, Sligo. You can even register online if you are short of time.

Step 2 The search begins
With a clear understanding of your requirements you will receive a selection of properties that match your criteria.

In order to secure a property, we recommend an early viewing.

Step 3 Mortgage
It is advisable to get your finances, including your mortgage, agreed in principle as early as possible, as having to organise finances after you have found a property can result in losing out to another person who is ready to go.

Oates Breheny Mortgages Services (+353 719194194) has access to every mortgage on the market and can search the entire market to find you the best mortgage deals and rates.

Step 4 Viewings
Most viewings are carried out between 9am to 5.30pm Monday to Friday.

Step 5 Making an offer
Once you've found a suitable property, we'll put your offer forward to the seller, both verbally and in writing. Any offer is subject to contracts being signed.

There are no legal obligations on either side until contracts are signed.

Step 6 Legal
A solicitor will be required to handle the legal paperwork involved.

We have a selection of tried and tested solicitors that are experts in property transactions who we would be happy to recommend.

Step 7 Sale agreed
Once your offer is accepted, you will need to instruct your solicitor to proceed immediately, and a deposit must be paid to our office.

At this stage it is a good idea to discuss exchange and completion dates.

This is also the time to instruct your mortgage broker to proceed with your mortgage application and make arrangements for a survey.

Step 8 Searches and Surveys
A draft contract is drawn up by the seller's solicitor and sent to your solicitor, who will raise some preliminary enquiries.

Your solicitor will request their own necessary searches.

A survey of the property will also be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property's value.

Step 9 Contract approval and mortgage offer
Contract approval
Once results of the local search and answers to the preliminary enquiries are received, the draft contract is approved by your solicitor, providing there are no further enquiries.

Formal mortgage offer

This document will be sent to your solicitor for you to sign. Once signed and returned, your mortgage is in place and you are ready to exchange contracts.

Step 10 Exchange of contracts
The contract then needs to be signed by you and the seller.

The deposit (usually 10% of the purchase price) is telegraphically transferred or paid by the buyer's solicitor in the form of a banker's draft.

The completion date is then set.

Step 11 Completion
This is generally set a few days to a few weeks after exchange of contracts, depending on each party's personal requirements.

Residual monies (usually 90%) are now transferred from your solicitor to the seller's solicitor's account.

Congratulations, you are now the legal owner of your new home!

Thinking of selling?
You can get a FREE market appraisal on your property with one of our professional property advisors.

Contact us today on +353 71 9140404 or
email us