Buying Guide

Step 1. Planning your move

The first step when buying a new home is planning your finances, so be sure you fully understand all costs associated with the purchase, including stamp duty, conveyancing, legal fees, surveys and valuations. The expert team at LREO has decades of experience helping people just like you purchase prime Central London property, so we will be with you at every step of your journey with us.

Step 2. Viewings

London Real Estate Office will get to know you on a one-to-one basis to find out your requirements and expectations from your new property, before organising viewings on properties in our portfolio that best fulfil your needs. You will be shown around by a skilled Property Consultant who will be happy to answer any questions you may have about the property, and will follow up with you after the appointment to discuss your thoughts and next steps.

Step 3. Make Offer

If you decide to make an offer on a property, LREO can do everything on your behalf – we contact the vendor to discuss your offer, and we will be on-hand at all times to offer our expert guidance, no matter what stage of the buying process you are at. Once your offer is accepted subject to contract, you will need to instruct your solicitor.

Step 4. Surveys

Your lender will insist on a survey for valuation purposes. Other types of survey include a Condition Report, a Homebuyer’s Report and a Building or Structural Survey. These will be invaluable in uncovering any potential issues in the property before you formally proceed with the sale.

Step 5. Exchange of Contracts

When your solicitor is happy, both parties will sign and exchange contracts and you should forward your deposit to your solicitor, which is usually around 10% of the purchase price. From this point forward you and the vendor are committed to the deal, meaning you cannot pull out without losing your deposit.

Step 6. Set the completion date

A date will be set to complete the sale, which will be agreed between all parties. At this stage, the balance of funds will be transferred and any stamp duty and other costs will be payable. During this time between exchange and completion is the ideal time to finalise your move.

Step 7. Collect your keys!

After the legal completion of your purchase, the property is now yours! LREO will contact you as soon as we receive confirmation that the sale has completed, at which point we can then release the keys to you.