TPP183: The buying process - Every step mapped out and what you can do to improve it

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 15 September 2016

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Getting an offer accepted on a property is always a great moment – but this week we see that rather than being the finish line, it's actually just the firing of the starter's pistol. The process of doing the legals and getting your mortgage arranged can be a lengthy and arduous one, and it's your job to take control of all the people involved and keep things ticking along. In this episode we go step-by-step through everything you'll encounter, and provide tips for how to boost your chances of coming through unscathed. We discuss: The preparation you can do with your broker and solicitor in advance At what point you'll have to fork over money What your solicitor should be doing behind the scenes (and why you need to check that they are!) How to balance patience with keeping things moving The critical milestones in the process of getting your mortgage agreed What will happen in preparation for exchange And in case it's all a bit much to take in, we've got a resource of the week to help... See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hello everyone it's Rob B here and of course I'm with Rob D and you are listening to the property podcast
0:06.4	We're back with episode one-three and this week even though we've done that many episodes
0:12.2	We're finally looking at the bind process.
0:15.0	We're going to map out every single step and give you our sneaky tips on what you can do to improve that process.
0:25.0	Yes, welcome. This is episode 183 of the Property Podcast.
0:29.0	183 and finally we're talking about buying a property.
0:32.0	This is what it's all about really so you can plan all you like you can have a great strategy you can go out and you can ferret out the deal of the century but if you can't get it through from that stage of finding it to actually having all the
0:45.0	legals done, having it in your name and ready to go, then it's all for nothing.
0:50.4	And there's a lot of deals that fall down at this stage, so it's really important to know what to expect and how you can boost the chances of having it complete successfully.
1:00.0	So that's what we're going to be talking about in our topic of the week this week.
1:03.0	We've also got a handy resource that ties nicely into that.
1:07.0	But first, Rob, this is not the first time that we've been chatting this week.
1:11.0	It's not. Less than 12 hours ago, we're not into sleep that much, we were
1:15.6	doing webinars. And we were doing webinars on Brexit, but more importantly,
1:21.1	what the prices are doing now and going forward in the future as well.
1:26.4	I think they were a little bit popular Rob.
1:28.9	Yeah, we upset a lot of people as is standard because we had over 500 people registering for the open session and only 100 people could get in which is a bit awkward.
1:40.0	We also had a magazine subscribers only session so we could help more people get in and we're going to keep doing quarterly webinars for magazine subscribers.
1:49.0	So yeah, not everyone could get in but do not fear if you were cursing us and couldn't get into the room don't worry
1:57.7	We've recorded them and we're going to be editing it together for a course that will go on the property hub at some point soon once our editor has worked his magic.
2:06.0	So if you were there, thank you for joining us, hope you enjoyed it, but if not, don't worry, we'll announce it when it goes up.
2:12.0	I've got lots of emails.
	...

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