guide to buying on property deal store
16th September 2019 by Property Deal Store Administrator in Investors

Your Guide to Buying a Property on Property Deal Store

There’s plenty of deals that will catch the eye of the savvy investor on the PDS website, but once you’ve managed to narrow down your search and make a decision, what next?

Reserving your property

First of all, we’ve made it simple for you to reserve your property quickly so that you don’t miss out on the deal. Complete this step without delay.

Click the reserve button in blue:

You will then be taken to your basket:

Then go ahead and complete the reservation form with your details, you will be asked for your contact and billing information. Please read the terms and conditions and check the box to say you agree to them prior to entering your card details and placing your order:

The follow up

Once you’ve placed your order, we will email you confirmation that your reservation request has been received along with information on what happens next.

Let’s look at these next steps below…

The buying process

If you don’t currently have an NDA in place with us, we will prepare and send you one to sign via email.

Next up, we will ask you to provide:

  • Proof of Funds (POF)
  • ID (certified)
  • Proof of Address

Once we have these from you and the NDA is in place, we will release the full address details to you and any other relevant information that we have.

Viewing and decision time

We will invite you for a viewing within 1 week. After your viewing, you have 24 hours to decide if the property is for you. If you decide that it isn’t for you and providing you have let us know within that timeframe, your reservation fee will be refunded – less any costs associated with the transaction, such as credit or debit card fees through the payment gateway.

If you pull out of the deal after this 24-hour period, the reservation fee is non-refundable.

Completing the purchase

If you are happy to proceed, we will kickstart the legal process.

We will prepare and issue a Heads of Terms (HOTs) which will include all the terms of the deal and send all relevant paperwork to the solicitors of both parties. They will then complete the conveyancing as normal.

As will be stated in the HOTs, the remainder of the sourcing fee is payable upon exchange of contracts and we will send you an invoice for this when the time comes.

Throughout the legal process we will monitor the transaction and work closely with all parties as required to make sure everything progresses as smoothly as possible.

Building a portfolio

Once the transaction completes, or even before, why not take a look at all the new deals that have become available since you began your purchase and see if you can find the next addition to your investment portfolio.

You can find all available deals here!

Whether it’s a below market value property, a HMO, a lease option, or a commercial investment you’re looking for, Property Deal Store and our sourcers have you covered.

To find out more, you can always call us on 01282 711561 or email office@propertydealstore.co.uk, we will be more than happy to help you.

Wishing you all the best with your purchase and all your future investments,

– Janice Minihan, director and co-founder of Property Deal Store