When should I view a property for sale?
Properties can sell very quickly so if something catches your eye you should contact us to arrange a viewing as soon as possible preferably during daylight hours, but even the same evening if you think it is just what you are looking for. Remember, Next Home are open till late, 7 days a week.
Do I need a solicitor?
Yes. In theory it is possible to buy or sell a property without a solicitor or conveyancer but if a mortgage is involved this becomes even more difficult. We can recommend a good solicitor, Beveridge & Kellas Solictiors, 52 Leith Walk, Edinburgh, EH6 5HW who we work very closely with and will speed the transaction by keeping everything under one roof.
Will the estate agent help with viewings?
We are happy to accompany viewers to properties for sale via us (subject to appointment) if the vendor in residence would prefer this. When we hold keys this makes our job of showing people round much easier.
What happens if an agreed sale is cancelled?
At any point prior to exchange of contracts both buyer and seller can pull out for whatever reason or change of circumstances. If the property has been surveyed or had a mortgage valuation carried out this fee will have been committed. Solicitors may make a charge (some work on a no sale no fee basis) as disbursement fees may be incurred. Nect Home work on a No Sale - No Fee basis.
How much can I borrow?
Most mortgage lenders will work on a multiple of your income. This will take into account joint incomes if you are buying with a partner. Lenders vary depending on your circumstances. The amount of deposit you put down also can have a radical effect on the amount you can borrow. We have our own qualified independent mortgage advisors who aim to get you the best deal for your circumstances from over 1000 schemes on the market.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Our typical fee for arranging your mortgage is £495. However, depending on your circumstances some or all of this fee may be waived.
How long does it take to buy or sell a property?
Because buying and selling property is a legal, as well as financial transaction, there are a number of different parts to the process. If one or more of the buyers is taking a mortgage then appropriate applications must be made, and solicitors must arrange the legal transfer of ownership. For these reasons, the average sale and purchase will take around 10 weeks, but it could be longer if there is a chain of transactions involved. Fortunately, Next Home provide you with your personal 'Sales Progressor' to speed up the transaction.
When should I put my house on the market?
The sooner you can ask for a FREE valuation, the better. It will help you decide how much you can spend on your new home, and if you need to move by a certain date, (e.g. for schools or a job) then the longer time you allow, the greater the chances of success.
Who decides the asking price?
Our experienced valuers will give a good indication of a selling price, based on other properties in the area and current market conditions. Ultimately however, the decision as to asking price (and the eventual price accepted) rests with the owner of the property (the vendor).
