Welcome to our comprehensive Buyer’s Guide tailored specifically for Hertfordshire, Bedfordshire, and Cambridgeshire. As proactive estate and letting agents, we understand that purchasing a property is one of the most significant investments you’ll make in your lifetime. That’s why we’re here to equip you with all the essential information you need to make informed decisions.
Discovering the Perfect Property
Whether you embark on your property search online or through a local agent, it’s crucial to outline the key criteria your dream property should meet. Besides staying within your budget, carefully consider the property type, location, and transportation links available. Bedroom count, energy efficiency, parking, outdoor space, and overall property condition are also important factors. Gathering as much information as possible about a property you’re interested in, including its material facts, market duration, chain status, and any previous sales that fell through, will work in your favour.
Crafting an Irresistible Offer
Making an offer is a pivotal step, so it’s essential to be certain of your decision before proceeding. Before submitting your offer, fully grasp what’s included in the price, the property’s market value, the seller’s circumstances, and your maximum acceptable price. Once you have all the necessary details, present your offer verbally.
Purchasing a New Build Property with Ease
The process of buying a new build property differs significantly from purchasing an established one. In some cases, you may even be acquiring the property off-plan, with construction yet to commence. There are several important considerations in this scenario. Find out if you need to pay a reservation fee, when the developer expects the deposit, and whether any service charges apply. If you’re investing in an unbuilt property, it’s crucial to understand the contingency plans in case of project delays.
Navigating Stamp Duty Land Tax
Stamp Duty Land Tax (SDLT) comes into play when purchasing properties above specific price thresholds. Currently, these thresholds stand at £125,000 for residential properties and £150,000 for non-residential properties and land. First-time buyers may be eligible for reduced SDLT fees or complete exemptions, depending on personal circumstances. Remember, SDLT must be settled within 14 days of completion, so it’s vital to factor these costs into your budget. Stamp Duty charges are subject to change, please ask for current thresholds at the time of purchase.
At Country Properties, we have the expertise and experience to guide you through every step of your property buying journey. Trust us to be your proactive estate and letting agents, ensuring your decisions are well-informed and successful.
AML Fees
Agents are required by law to conduct anti-money laundering checks on all those buying a property. Our offices may complete these in house or outsource the initial checks to a partner supplier who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks will be advised to you by the office before you commit to their services. These charges cover the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of the office issuing a memorandum of sale on the property you would like to buy.
