Buying through Hunters Estate Agents in Barnet
However you found Hunters, be it via the internet and one of the many property portals we are associated with, one of our many for sale or to let boards displayed at one of our clients properties, from a visit to our High Street office or one of our local newspaper adverts with property for sale or to let in Barnet, when you contact us we will recommend that your viewing request is accompanied by an experienced member of our staff.
Our success in selling and renting property in Discover Barnet, and our wealth of knowledge and experience brought about by being established since 1991, holds Hunters in high regard and one of the most recognised estate agents in Barnet.
For many reasons buying a property is one of the most important decisions made in our lifetime. Determining what you value most in a property and the area its located in is a very individual thing. Your search therefore is a learning curve that can be either short or long. You need to feel confident in your purchase. There is no substitute for physically visiting and viewing property for sale and that’s why we recommend your viewing is accompanied by one of our experienced members of staff in order they can listen to your comments and answer any further questions you may have.
We take your enquiry seriously and are happy to commit time listening to your requirements and needs. If you are considering moving into Barnet we would be happy to show you around the area whilst viewing properties, pointing out proximity to schools, transport links, shopping and leisure facilities and restaurants.
Once you have found your ideal home there are further important decisions to make such as which solicitor to appoint to act for you and which mortgage or lender to go to.
Once again our experience and knowledge come into play. We have established many links with trusted property professionals that we have the privilege of being able to recommend to you.
Hunters recognises the fact the purchase of your home is the most important and expensive transaction you are likely to carry out.
Our database features a vast amount of available properties and we are sure that with our local knowledge and expertise, we will be able to find you a property to suit your needs, be it a straightforward move or a ‘Buy to Let’ investment.
Please click on property search to view a list of our current properties, complete with photographs, EPC’s and floorplans.
To enable you to unravel the complexities of buying your home, we have set out below an overview of the various procedures involved:
The first requirement is for you to register your details and property specifications which can be achieved in a number of ways i.e. by email, fax, phone or in person with our office. This will give us an insight into your personal requirements, thereby enabling us to modify the details sent to you.
Once registered, you are then in a position to receive details from us, via mail, e-mail or you can download and print these out from our website. We also offer an SMS text service direct to your mobile phone.
Alternatively you can sign up to email alerts on our website to receive automatic property updates without registering directly with our office.
Our sales team are available to arrange those all important viewings of your selected properties and where possible accompany you in order to build up a real understanding of your tastes, needs and expectations. Our offices are open 6 days a week from 9.00 am to 6.00 pm Monday - Friday and 9 am -5.00 pm Saturdays. Please contact us to arrange a mutually convenient time on 020 8441 3377.
In order to speed up your house buying process, it is advisable wherever possible to get a mortgage agreed in principle before any final decision on your new property is made. This has the advantage of providing you with a clear indication of what is affordable and the fact that you have a mortgage agreed in principle is also attractive to sellers. Should you require assistance we would be happy to recommend Simpson Bowers independent mortgage advisors, please call Gary Simpson or Ian Bowers on 020 8275 8555.
MAKING YOUR OFFER
Once you have located your ideal property, your offer will be submitted by us to the vendor for their consideration. This is done both verbally and in writing.
NB: Please note that all offers are 'subject to contract' and therefore neither party is legally bound until the contract is actually signed and exchanged.
ACCEPTED OFFER/INSTRUCTING SOLICITORS
As soon as your offer has been accepted by the vendor, you should instruct a solicitor to act on your behalf. Your solicitor will handle all legal requirements of your purchase (property conveyancing). Should you require assistance we will be pleased to recommend a number of local firms.
At this point, you also need to formally proceed with your mortgage application and instruct your mortgage consultant/broker accordingly. Should you require assistance we would be happy to recommend Simpson Bowers independent mortgage advisors, please call Gary Simpson or Ian Bowers on 020 8275 8555.
The next step is to obtain the mortgage valuation, as required by law. This will be conducted by a chartered surveyor acting for your lender. The report is to provide a valuation to determine whether the amount to be loaned is secure and also deals with the basic condition of the property. Since you as the buyer are also provided with a copy, it allows both parties to evaluate the findings prior to entering into a commitment to purchase. NB: You may wish to consider a more in-depth survey for peace of mind.
There are two types of survey available:
1. HOMEBUYER SURVEY/VALUATION
This is the mid-range option as it is more expensive than the mortgage valuation but less than the building survey (see below).
It is a basic service and therefore more appropriate to properties in apparently good condition and conventionally constructed. The survey’s purpose is to highlight any pressing or significant defects and problems which are likely to have an overall impact on the value of the property.
The objective of the homebuyer survey is to provide a more in depth report which will assist the buyer in making an informed decision whether to proceed with the purchase and also whether the agreed price reflects the actual value. Moreover, the professional opinion of the surveyor as contained in his report will also set out particular features of the property which may possibly have an affect on the present value and potential future marketability.
2. BUILDING SURVEY
Unlike the homebuyer survey, this is suitable for all types of property whether conventional or unconventional. The term 'unconventional' encompasses properties that have an unusual construction, are historic or listed buildings, have been extensively altered or where major work is planned.
The building survey is comprehensive and lists full technical details of the construction, materials and condition. It highlights the full spectrum of defects from the more serious down to the insignificant and the terms of the survey are therefore tailored to fit the client’s specific needs.
However, it should be noted that this does not include a valuation and is only conducted by prior agreement.
These are conducted by the buyer’s solicitor who submits a local authority search to the local borough council. Its purpose is to ascertain if there is any planning consent previously granted on the property or if there are any other local issues which may have an impact on the purchase. In some instances, the search may also include an environmental and drainage search.
The draft contract is drawn up by the seller’s solicitor and is forwarded to the buyer’s solicitor for consideration. Any additional queries or questions will be asked and answered and the contract amended accordingly, subject to final approval.
The lender is now in possession of the mortgage valuation survey and, subject to the findings of this report, receipt/approval of the mortgage application and provided all references and checks have been conducted satisfactorily, the lender will send a formal mortgage offer to the buyer and their solicitor. The document is then signed and returned and funds requested by the buyer’s solicitor.
EXCHANGE OF CONTRACTS
Once the contract has been signed by both parties, a deposit is paid by either bank transfer or banker’s draft. At this stage, the parties agree on a date for completion.
Completion usually follows a few days or weeks after exchange of contracts. The balance of the purchase price is transferred by the buyer’s solicitor to the seller’s solicitor after which the keys arereleased.