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Scott Mills
 
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Default House buying process


"jah_aaa" wrote in message
om...
Hi,

not sure if the right group, but here goes anyway:

We are first time buyers and have had an offer accepted on a house,
and both ourselves and the vendor are after a "quick" sale. Both are
chain free.

My question is this:

What sort of timetable would be a quick sale? When should I start
hassling solicitors and surveyers and the vendors?


I was in a similar position 2 years ago. Our quick sale lasted about 3mths!
by the time the legal people get involved...

seriously, how it should work...

week 0 - get the cash ready - get an agreement in principle. I was able to
do this before putting in any offers anywhere.


PUT IN THE OFFER, then:

week 1, get the surveyers in if you can or at least asap.

As soon as he has been in call him and get a feel for the report.

If it sounds ok then contact the legal guy and start getting the searches
done. don't be tempted to do this the other way around as if you don't like
the survey then you don't want to waste cash on searches on something you
are not going to buy.

Things to think about: Is it a share of freehold? are there management
companies invloved. Find out who they are and do a search of companies house
to see if they have been doing their filings and who the sectary is.

week 2 leave the laywer to get on with things while you sort out the cash -
chase the mortage company make sure it is all in place. Do another viewing.
Still want it? make sure you do before it is too late...!

week 3 - chase laywer (I did this on an almost daily basis), how are the
searches doing, is everything ok? exchange contracts.

week 4 - goto laywer and get him to arrange cash transfer on completion in
that week. complete

In reality, you will spend weeks 3 - 10 sorting out problems from the
survey, boundry disputes, the mortage company who has lost your paperwork,
the management company who has not filled any companies house returns,
getting it written into the contract that white goods are left in place,
delays in the searches ...it just goes on....

Anyone with a rough timescale for the next few weeks??


you're thinking you can plan this!?!?!?!!!!!



thanks,

J