Hello
I am in the process of bidding on a property, and it is down to final bidding. If my bid is accepted, what is the process & timeline after this?
I understand that I have to pay the estate agent a refundable deposit within ?1 week. I assume the next step is that I get a surveyor to survey it within a further ?1-2 weeks, and then the vendor and the purchasers solicitors then exchange contracts simultaneously, with the deal only becoming final when both have signed in about 4 weeks time?
I am in the process of bidding on a property, and it is down to final bidding. If my bid is accepted, what is the process & timeline after this?
I understand that I have to pay the estate agent a refundable deposit within ?1 week. I assume the next step is that I get a surveyor to survey it within a further ?1-2 weeks, and then the vendor and the purchasers solicitors then exchange contracts simultaneously, with the deal only becoming final when both have signed in about 4 weeks time?