It’s generally expected that once you have an offer accepted, it will take 12 to 24 weeks to complete and move in. This can vary depending on how many searches are needed, how long they take to come back and how if any issues arise.

 

The help, here’s our comprehensive guide to help you navigate the process after your offer is accepted:

 

  • Provide Confirmation and Necessary Documents:

After your offer is accepted, your agent will reach out to finalise the offer details. Be prepared to provide proof of funds for the purchase, proof of address and bank statements for the deposit, your mortgage offer or agreement in principle, confirmation of your conveyancing solicitor, and your decision on whether to have a property survey.

 

  • Remove Competition:

To secure your purchase, ask your agent to cancel any scheduled viewings and mark the property as SSTC (Sold Subject To Contract) to remove competition. This prevents the risk of being outbid or gazumped by other buyers.

 

  • Instruct Your Conveyancing Solicitor:

Promptly instruct your conveyancing solicitor after your offer is accepted. Your solicitor will handle legal matters such as searches, contract drafting, and exchange preparations. If you need recommendations, your estate agent can provide trusted options.

 

  • Complete Your Mortgage Application:

Proceed to complete your mortgage application now that your offer has been accepted. Work closely with your mortgage advisor to gather necessary documents and arrange a mortgage valuation survey on the property. Apply for the exact amount required for your purchase.

 

  • Arrange a Survey:

While not mandatory, arranging a property survey is recommended to identify any issues. Coordinate with your estate agent to schedule a survey with the sellers. Explore different survey options to find one that suits your needs and budget.

  • Final Steps:

Once all searches, surveys, and paperwork are complete, the process moves to exchanging contracts. Your solicitor will coordinate with all parties involved, and a completion day will be agreed upon. 

At the stage of completion the mortgage lender releases the funds for the cost of the property and ownership of the house is transferred from the vendor to the buyer.

The house is now legally yours.

If you need to pay Stamp Duty for your house then you have up to 30 days to from completion to pay the charge. This will normally be done through your solicitor, who will also need to be paid after everything else has been sorted out. 

  • Pick up keys:

Following completion, it is now time to arrange a convenient time to pick up the keys to your new home from the vendor’s estate agent.

 

By following these steps diligently, you’ll navigate the post-offer process smoothly and soon be settling into your new home.

 

If you’re considering a move in 2024, Get in touch. 

With over 100 years of combined experience selling homes, start your home-selling journey today with a complimentary appraisal from one of our experts.

Call our dedicated team at Henshaw Fox and schedule your free home appraisal today.

Find out more: https://henshawfox.co.uk/sell/

Call: 01794 521339

Email: homes@henshawfox.co.uk

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