Buying
Simple guide to purchasing a property
Whether you are a property investor or first-time buyer, we know you will have questions and that is why we are here to help; always going the extra mile to ensure our clients are informed and comfortable throughout the process
To speak with our purchasing department please call 0131 225 5567 or email purchase@ralphsayer.com
Viewings
- Using our search tool, or other resources such as ESPC or Rightmove, narrow down your search to find properties which match up with what you desire.
- Attend viewings of properties
Offering
- Download the Home Report and read the full survey on the property so you know the condition of the property.
- Decide what you can comfortably afford to offer, although do bear in mind Closing Dates are very much a guessing game and you will most likely need to offer above the value of the property (our team can give you advice with this)
- Once your offer has been decided, our purchasing team will submit the offer on your behalf and do all of the negotiating for you
Financing
- When it comes to financing the purchase, most people will obtain a mortgage which is a loan secured against the property.
- If you would like us to put you in touch with our network of mortgage advisors, just let us know and we would be more than happy to do so.
- You may be taking advantage of Government schemes such as Help to Buy, LIFT, or Golden Share – our solicitors and your mortgage advisor will be able to guide you through any additional steps required with these. Please be aware these schemes often come with additional costs.
- Expect to be asked where any source of funds have been obtained from. It is entirely normal, and every client is required to adhere to this. This is Law Society of Scotland Anti-Money Laundering Regulations and we must be able to provide evidence in case of inspection.
Conveyancing
- After your offer has been agreed, the selling solicitor will issue a Qualified Acceptance and your solicitor will talk you through this, taking your instructions to progress the Missives.
- Your solicitor will check the title highlighting any relevant information.
- Once your Missives are concluded, you are in a legally binding contract and cannot withdraw from the purchase.
- On the day of settlement you will collect your keys and have 5 working days to intimate any defects for us to relay to the seller.
- Our post-settlement team will submit the paperwork to the Registers of Scotland to legally change the title into your name.
- Registers of Scotland will process the title (in some cases this can take several months) and send us a copy which we will forward onto you showing you are the owner of the property.
