The Property Stop! - Find your ideal home

www.propertystop.co.uk Find your ideal home on-line

Our offices are located 14 Park Circus, Glasgow. Click on the map below for more details

Buying

Welcome to the property stop - find your ideal home and the right mortgage deal for you!

One of the most important things you can do is to make yourself a checklist as you search for, find and buy a home. By keeping on top of your game-plan at all times you will greatly increase your chances of success. Bookmark this page and refer to the following checklist frequently. Follow the links, print it out and let it increase your house buying effectiveness.

Obtain your credit report. Check it for accuracy and correct any errors.After evaluating your credit report, determine how much house you can afford to buy. Use our mortgage calculator to figure out this amount.Shop around for a good mortgage rate and reputable lender.Consider the option of going to that respected lender and getting a pre-qualification loan certificate. Documents necessary for this are the same documents needed for the loan itself Loan Application Documents Checklist.Once you have the pre-qualification loan certificate, you can visit as many real estate offices as you like without being tied down to a contract. This also gives you greater negotiation power.If you choose to select an agent, find one that you are comfortable with and ask for references.Never agree to buy a home without a detailed inspection by a Professional Engineer (P.E.). Home inspectors are not licensed, so if you go with a home inspector instead of a P.E. make sure they are part of an Inspectors Association. Make sure you also get a separate termite and roof inspection. Ensure that your home sales contract makes the sale contingent upon a satisfactory termite inspection.Always offer less than the asking price and expect to negotiate. Have your agent determine the true value of the home.When price is established, an escrow is opened. Special instructions on your part must be included with this document at this point or they will not count. These instructions should include repairs and any damages as identified by the P.E., roof and termite inspectors.Insist that the seller buys a homeowners warranty - make sure this is noted in the sales contract (binder).Ensure your offer contains the language that the "sale is contingent upon the buyer being able to obtain financing". If you are also trying to sell your current home, ensure the binder states "purchase is contingent upon the sale of (your) first home".Make sure your binder specifies your desired move-in date.Before you sign the binder and ensure it with your earnest money, make sure your agent goes over each section with you. Get a receipt for your money.If your real estate agent's offer on the home is accepted, your earnest money will be held by the Title Company until closing.Complete your mortgage loan process, which should be quick if you obtained a pre-qualification loan certificate.Determine your homeowners insurance company. This is required by the lender.Expect the Title Company to draw up papers for the closing and prepare an accounting of all funds on the closing statement.Enjoy your new home!

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