The sellers (also known as vendors) will arrange times with the real-estate agent – usually at weekends – when the home can be available to be viewed.
Spending a day visiting open homes is an excellent way of acquainting yourself with the property market in areas you are interested in. It is also a good idea to first get pre-approved for any loan that you might need so you can feel confident when you do find the home you love and are ready to move forward.
If you and vendor do agree on a price, then it’s time to take the first sip of champagne. Things are moving in the right direction, but there is still a lot to do. Including:
- Take the contract of sale to your solicitor and get legal advice.
- Order a pest and building report and be comfortable with its contents.
- Get your lender to unconditionally approve you (they may need to do a valuation at this point). Don’t rely on your pre-approval as this is not water tight.
Once you have satisfied yourself on these points, then your solicitor can guide you through the formal exchange of contracts. With most of the hard work done and you can feel more relaxed about finishing off that bottle of champagne.