Buying Property with Lillicrap Chilcott
Whether you’re looking at your first or last, buying a home is a seminal moment in the lives of many. With over one-hundred years of experience in the property industry between us, we’re confident in the way we conduct business. We understand that the process of buying a home is a personal one, and by tailoring the experience to our clients, we hope to make it an enjoyable one too.
We believe in the diversity of our portfolio and that we can offer a home to everyone, regardless of valuation, size, or location. Our portfolio is reflected in the creativity of our team; we take pride in identifying what others may not, whether it’s a cosy coastal gem or a renovation with infinite potential. With Lillicrap Chilcott being the Cornwall Estate Agent, our knowledge of the South West is unsurpassed, and will be invaluable to you in the search for your next home.
The process of buying a house, from initial financing to the final exchanging of contracts, needn’t be difficult and Lillicrap Chilcott will be with from start to finish.
For the majority of people, buying a home will be the most significant purchase they make in their lifetime. Before seriously committing to buying a property, it is important to identify your financial position. If you are thinking about taking out a mortgage, you should liaise with a mortgage provider to find out how much you can borrow in accordance with the house deposit. Deposits typically fall between 5%-15%, but they are dictated by the mortgage provider.
Knowing your financial position is important as it allows us to help you identify the houses best suited to you and your family that are in your price range.
The next step in the process is to identify homes that pique your interest. The Cornish property market can often seem like it moves at a breakneck speed, with property entering and leaving the market in a matter of weeks if not days. Thus, it is important that once you have chosen homes to view, we move ahead briskly with the enquiries.
Viewing homes can be a stressful experience, particularly if you have identified more than a few to have a look at. Here at Lillicrap Chilcott, we believe that houses are more than where they are located or how many bedrooms they have, rather, we can identify the quirks and characteristics that make a house unique, and our expertise allows us to show them off in the best possible way.
Making an Offer
Once you have had a chance to view all the properties on your list, you will be in a position to know whether you would like to make an offer on one of them. If you do want to move ahead by making an offer, we will help you negotiate the best price, and make sure that both you and the seller can agree on terms.
At this point, it is worth having a preliminary agreement in place with the mortgage lender. This will help speed up the process before the conveyancing stage and shows the buyer that you are making a serious commitment and that you are in a position to purchase their home from them.
Conveyancing and Surveying
Once an offer has been accepted, it is time to start the conveyancing process and to have the property surveyed.
Conveyancing involves the legal transfer of property from one party to another and involves substantial amounts of paperwork. Done properly, conveyancing will allow the purchase of property to be completed quickly and problem-free. Although it can be completed by the buyer, it is recommended that you instruct a solicitor or licensed conveyor to ensure that it is done as efficiently as possible. Please visit our post on conveyancing to see what you should be looking out for
At this step, the surveying of the property can also be carried out. Surveying a property means undertaking a detailed inspection of its structural integrity and identifying whether any repairs or renovations need to be made. A lot of Cornish property is rural, meaning that further checks on land quality and the proximity of the home to old mines is crucial to prevent any unwelcome surprises in the future. Read more about surveying here.
Conveyancing and surveying can often take between 8-12 weeks but can be completed either side of this estimate depending on the complexity of the purchase.
Completion of the Purchase
The most anticipated step of the process. Once the deposit money has been paid, the exchanging and subsequent signing of contracts will take place. Your solicitor will help you with any outstanding paperwork or payments such as land registry and stamp duty before you officially receive the title deeds to your new house.
Exceptional service is paramount at Lillicrap Chilcott. Our reputation is a result of years of hard work and success in the Cornish property market and the bond we form with our clients through the house buying experience. We understand that buying a home is one of the most important experiences in anyone’s life, and we will be there through the whole process to ensure that your experience will be enjoyable.