Once the booking deposit is paid to Michael Pigott Auctioneer & Valuer we will write to the vendor’s solicitor requesting them to prepare contracts and forward same along with title documents to your solicitor. The contract will normally request that you sign within 14 – 21 days of receipt of same by your solicitor however it may take longer in some situations.
Michael Pigott Auctioneer & Valuer cannot emphasise enough the importance of signing the contract within the specified timeframe as the vendor always retains the right to sell to another party. Formal written loan approval is always sent directly to your solicitor.
At this point the non – refundable 10% of the purchase price is paid (to include booking deposit). When the vendors solicitor is satisfied that the contracts are unconditional, the vendor will then be instructed to countersign. They will then return one contract to your solicitor and retain a copy for your records. This is the point in which the property is deemed to be sold. You will be issued a completion date at this point.
This is the most important and exciting process of the transaction. Once the sale is ready to close and all parties are satisfied, the final monies will be transferred and the sale will then close. Finally you will receive the keys of your new home.
Michael Pigott Auctioneer & Valuer wish all our customers a very pleasant experience while purchasers and hope the above guidelines help you on your journey to your new purchase.