Indigo Estates

Buying Guide

A step-by-step guide to buying property in Jersey

Buying a property can be a complicated process. This step-by-step guide has been designed to walk you through the process of buying property.

Step1 - Arrange your finance

Before you begin your property search, it is advisable to arrange an appointment with your bank or with a mortgage broker to arrange your finances and, if possible have a mortgage agreed in principle. This will confirm how much money you will have to fund the purchase, which will ultimately influence your property search. We have recommended mortgage brokers listed here, available to assist you.

Step 2 - Register your interest

The first step to finding the right property is to register with us either by calling us on 639955 or by visiting us at our offices in Hill Street where you can discuss your property requirements with one of our experienced property negotiators. If you are pushed for time you can register your interest with us online.

Step 3 - Find the right property

Once we have a clear understanding of your requirements you will receive a selection of properties that match your criteria. We can also keep you constantly up-to-date via email when the latest properties become available. Once you have shortlisted the properties that you would like to view, call us or email us and we will endeavour to arrange a viewing at a time that suits you. If you have difficulty in getting yourself to any viewings, please let us know and we will, when we can, come and collect you! Start your search here for your new home.

Step 4 - Make an offer

Once you have identified a suitable property we will put your offer forward to the seller both verbally and in writing stating any special conditions of the offer. You may need to demonstrate, if requested, that you are able to proceed (e.g. provide evidence of your mortgage agreed in principle). There are no legal obligations for yourself or the seller until contracts are signed (please note: whilst making an offer on share transfer properties, this can become a legal binding contract)

Step 5 - Offer accepted!

Once your offer is accepted we will commence with the following:
• Write to both parties to confirm the agreed price and proposed completion date.
• Ask you to confirm your lawyers and mortgage providers details (see Step 6).
• Ask to see a copy of your registration card and a copy of your identification
• Write to both parties lawyers advising them of the agreed sale and to give them all the information they need to commence with the sales process.

Step 6 - Instruct a Lawyer

The successful purchase of a property can be reliant on the instruction of an efficient and experienced lawyer.

It is a good idea to use an experienced lawyer and one who specialises in conveyancing. You can now obtain a quote from lawyers on their fees for the purchase of your home, however from experience we recommend that the cheapest quote is not always the best quote, it is advisable to choose a law firm with a sound and proved reputation. We have a selection of tried and tested lawyers that are experts in Jersey property who we would be happy to recommend

As part of the conveyancing process your lawyers will do the following:
• Raise any enquiries on receipt of the draft contract from the seller's lawyers
• Request their own searches
• Agree on a date for exchange of contracts

We will assist your lawyers and negotiate throughout the process, keeping you informed every step of the way.

Step 7 - Survey

Once you have advised your mortgage lenders that your offer has been accepted  a survey of the property will be booked by a surveyor on behalf of the mortgage lender to identify any structural problems and advise on the property's value. There are different levels of survey reports, your lenders will discuss these options with you as they can vary in cost.

Step 8 - Completion

Completion for Freehold and flying freehold property in Jersey is taken place in the Royal Court on a Friday afternoon, Share transfer properties can complete any working day as contracts are signed in lawyers offices. We will release the keys of your new property to your Lawyers once completion has taken place.

Congratulations, you are now the legal owner of your new home!

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