Offer accepted, what order should i do things?

Supreme_2

I've had an offer accepted, and it's in a chain. The sellers have offered on somewhere, but not been accepted yet, and have viewings of other properties booked. My solicitor has been advised. What should be my next step? When should i get the mortgage app going? I don't want to be too out of pocket too early really (mortgage app is ~£1k, then survey/valuation, solicitor search feeds, etc...). I also think an electrical inspection should be done, but am somewhat concerned it will make the sellers nervous (there's an old fuse box... no rcds).

Advice would be helpful. The estate agents are somewhat unhelpful with it all so far.

da_rule

It depends. Are the sellers willing to exchange contracts before they've found somewhere themselves? If they are then get the ball rolling, it might just be the competition date is slightly drawn out.

If they aren't then it depends how confident you are that (a) you definitely want the house (even if it means waiting) and (b) the seller will take the property off of the market to prevent you being gazumped in the meantime.

Personally, I would at least get the searches done (even though this means some cost), as it may be there is a problem with the property which means that a mortgage company won't lend on it anyway.

NewbuyerNE

we offered on a house and our seller initially had a property they were going to buy. That sale has subsequently fell through but my partner and I have continued with proceedings with the view we can hang on later if needs be.

We've applied for our mortgage, which if it comes back ok we will pay our solicitor to crack on with searches, the valuation will get done and then conveyancing. We've given her two months to find somewhere which we think should be ok but it means once she's got her ball rolling with another property we're only waiting for an exchange/competition date which is fine by us.

The house is already off the market, the sold sign is down and I'm confident she definitely wants to move.

We're lucky in that our vendor is not far away and we have exchanged numbers so we can keep each other updated on the progress - I would just keep in touch with the vendor as much as you can (if you're able to) and proceed as normal if you're confident all will go through ok. If you have any reservations they may back out, I'd get your mortgage & solicitor lined up and then proceed once they've had an offer accepted.

McBozo

electrical survey in that situation is a waste of money unless you plan to get the house rewired because that's what it will recommend you do. It should give you costs but in my mind I wouldn't waste the money on a survey and when the house is bought get a quiote for a rewire.

"not up to present standards"

Neil.

brenda10

da_rule wrote: »

It depends. Are the sellers willing to exchange contracts before they've found somewhere themselves? If they are then get the ball rolling, it might just be the competition date is slightly drawn out.

If they aren't then it depends how confident you are that (a) you definitely want the house (even if it means waiting) and (b) the seller will take the property off of the market to prevent you being gazumped in the meantime.

Personally, I would at least get the searches done (even though this means some cost), as it may be there is a problem with the property which means that a mortgage company won't lend on it anyway.

Offer accepted last week.
Owner in 3 chain, first two chains sorted waiting on last one so we get go ahead.
We cannot be 100% sure this won't all fall through as people we bought off are waiting in their own home, until they get go ahead.
Do we wait and common sense says Yes, wait, as it mentions that property searches need to be done to ensure mortgage co loans us the money, sorry for the silly question!
Applied for mortgage 2 days ago so will take a bit of time for reply to that, Thanks in anticipation to all advice & information.