Looking to buy?
Whether you’re selling or buying a home, you can trust our team to keep their finger on the pulse of the changing Edgbaston and Birmingham City Centre market. Always delighted to advise and assist, at Davidson Estates we start work from the moment you spot your dream property and don’t stop until your sale is complete.
Are you about to buy a property?
We’ve listed some rules to consider before searching for a property:
Rule No. 1 – Proof of funds!
You must have the funds required readily available to proceed with a property purchase. If you are buying with a mortgage, then you are required to provide evidence of sufficient funds to cover the deposit your lender has requested. If you are buying with cash and do not require a mortgage or any external lending, then you are required to provide evidence of sufficient funds to cover the entire purchase price.
Rule No. 2 – Mortgage in principle (if required)
If you require a mortgage to purchase a property, then speak to a mortgage broker who can find you the best deal in the market for your needs. Alternatively, your bank can provide you with some options. Either your mortgage broker or bank can then provide you with a mortgage in principle and you will know what your budget is when buying your home. It’s worth noting that this document does not mean you will be successful with your final mortgage application, it is simply a document of intent from the lender. However, it is sufficient for most agencies when making an offer or buying a property.
NB. Davidson Estates work very closely with the best mortgage brokers so, if you require assistance with this, please contact our office and we will be happy to help.
Rule No. 3 – Instruct solicitors
You must instruct solicitors to carry out any legal and conveyancing work for the purchase of the property. If you can show that you have already spoken with a solicitors firm, this will again hold you in good stead.
NB. Davidson Estates work closely with the top firms in the industry who can provide quotations. If you require assistance with this and/or would like a free no obligation quotation, please contact our offices and we will be happy to help.
Rule No. 4 – Know what you are looking for!
It’s important to take some time to make notes of the essential things you want in your next property purchase, whether it be a family home or a buy-to-let investment. Have a secondary list of preferences and then a third list of what you definitely do not want.
Then, register your details with us by calling the office or completing the contact form opposite, and a member of staff will run through some options with you. You can also search through our property listings by selecting ‘View Properties’ from the drop down menu in the Sales tab above.
To summarise, if you have the above rules covered, then you are ready to start searching for you dream home or investment as you will now be considered by most agencies as a serious and, most importantly, proceedable buyer.
If you would like to register your details with us, or require further clarification regarding the your requirements when considering buying a home, please contact the office on 0121 455 7727 and ask for a member of staff in the sales department.
Alternatively, please complete the registration form opposite and a member of staff will be in touch within 24 hours.