Your Offer Has Been Accepted! What Happens Next on Your Home Buying Journey?
Congratulations, your offer has been accepted! This is a significant milestone for you as a buyer, but it's just the beginning of your exciting journey to owning your new home. Let's explore the crucial steps that follow, ensuring a smooth path to completion.
At Moreland, we understand that buying your home is one of the most significant decisions you'll make. When that exciting call comes – 'Your offer has been accepted!' – it's natural to feel a mix of relief and anticipation. But what exactly happens next for you, the buyer? As your trusted estate agent, we're here to guide you through every stage, treating you with the care and respect we'd offer our own family.
The Initial Steps: From Acceptance to Solicitors
Once your offer is formally accepted, the first critical step is for you to finalise the details and instruct a solicitor. You will need to appoint a conveyancing solicitor to handle the legal aspects of your purchase. This is where the legal process truly begins. We always recommend choosing a solicitor known for their efficiency and clear communication, as this can significantly impact the speed of your purchase. At Moreland, we've built strong relationships with reputable local solicitors over the years, and we're always happy to provide recommendations based on our experience, helping you find the right legal partner.
Sales Progression: Our Dedicated Support for You
This period, often referred to as 'sales progression', is where our dedicated team truly shines in supporting you. Unlike some agencies that might step back once an offer is accepted, we remain actively involved, working on your behalf. Our role is to:
Liaise with Solicitors: We act as the central point of contact, chasing updates from your solicitor and the seller's solicitor, ensuring all necessary paperwork is progressing for your purchase.
Manage the Chain: If your purchase is part of a property chain, we'll be diligently monitoring its progress, identifying and addressing any potential delays or issues that may arise, keeping you informed every step of the way.
Facilitate Communication: We bridge the gap between all parties – you, the seller, and both sets of solicitors – ensuring everyone is kept informed and any queries you may have are promptly resolved.
Key Milestones in Your Conveyancing Process
The conveyancing process involves several important stages for you as the buyer:
Draft Contracts: The seller's solicitor will prepare and send draft contracts to your solicitor.
Searches: Your solicitor will conduct various searches (local authority, environmental, water, etc.) to uncover any issues affecting the property you are buying.
Enquiries: Based on the searches and contract, your solicitor may raise enquiries, which the seller's solicitor will answer, often requiring input from the seller.
Mortgage Valuation/Survey: You will arrange for a mortgage valuation (if applicable) and may opt for a more detailed survey to assess the property's condition.
Exchange of Contracts: This is a pivotal moment! Once all enquiries are satisfied and your finances are in place, contracts are exchanged. This makes the sale legally binding, and a completion date is set.
Completion: On the completion date, the remaining funds are transferred from your solicitor, and keys are handed over to you.
Congratulations, your new property is officially yours!
Our Promise to You, the Buyer
At Moreland, we pride ourselves on our transparent and supportive approach. We know this period can feel daunting, but with our experienced team by your side, you'll never feel alone. We're not just about 'selling' properties; we're about guiding you home, ensuring your experience is as stress-free and successful as possible.
We're here to answer your questions, provide reassurance, and celebrate every step of the journey with you, just as we would for our own family.
