EASE OF PURCHASEThe Buying Process

STEP BY STEP

SELECTION

Select your Development

Buying property can often seem like a daunting process. At Birchmore, we strive to make it as streamline as possible, right from the start. The first step is to request information and take your time to review it. It is important that you read through everything thoroughly and prepare any queries you might have. We encourage you not to rush this stage – there is no time limit and you can ask as many questions as you like. Once we have successfully answered everything you would like to know, you can proceed to the next step with complete confidence and peace of mind…

Select your Specific Apartment/s

As our inventory is constantly changing, you can speak to your consultant to discuss current availability and they will help you find the perfect match. For some, the most important factor is price, for others it will be more focused on aspect and/or size. From there, you will required to confirm the purchasing details and your chosen solicitor so that our Admin Team can prepare the Reservation Forms for you.

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RESERVATION

Reservation Forms

These will be sent through for you to complete, sign and return (via e-sign, so no printing and scanning required) along with copies of your Photo ID as well as Proof of Address during the last 3 months. These are required as part of our required Anti-Money Laundering checks. Once these checks have been passed, we will request a reservation fee.

Reservation Fee

Birchmore do not accept any client payment – all funds are paid directly to developers or their representatives, details of which are included in the reservation forms. Once confirmed, your chosen property will be officially withdrawn from the market and held for you.

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CONTRACTS

Solicitors Instruction

Your solicitor will contact you to confirm that you would like them to act on your behalf for the transaction. They will detail any fees required, as well as their official terms of instruction. In addition to any legal work regarding conveyancing and contract preparation, they will carry out their due diligence on you as the purchaser, including AML and source of fund checks. Once you are happy and all this is complete, you can sign the contract and they will then request the funds for…

Exchange of Contracts

At this stage, once the seller (developer) and purchaser have both signed the terms of sale contracts, the purchase and sale are now legally binding. You will be given a handover date if finished, however if the project is off-plan, an approximate completion date will be given and the developer will keep you fully informed throughout the build. Around one month before completion, you will be contacted to get ready for handover, and 2 weeks before the date, you will be served with a “Notice to Complete.” This will include a final statement detailing any amounts required to complete the purchase.

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COMPLETION

Congratulations!

The property is now finished and you are ready to start earning the income that you have been looking forward to. If the property is managed, then the management company will get in touch to introduce themselves and request information such as your bank details, in order to pay your rental income.

Grow your Portfolio

Our relationship with you does not end here. Birchmore will continue as your trusted resource and we look forward to helping you grow your portfolio, as well as re sell your property should you wish to in the future. Referrals are important to us – we would love you to share your experience with friends and family so that they too can join the Birchmore family.

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CONTACTInterested?

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