Harmony Homes Estate & Letting Agents Isle of Man - The Buying Process

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Douglas 01624 616200
Port Erin 01624 835252

The buying process

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Your search begins

Firstly, make sure you register with us! You will be notified of any suitable properties currently available. You will also be informed of any new listings that meet your needs.

Mortgage

It is advisable to get a mortgage agreed in principle as early as possible, as this will speed up your mortgage application. Contact a financial advisor or mortgage provider to assist with this.

Arrange a viewing

The next exciting step is to arrange viewings of suitable properties. Contact us to arrange a viewing on the property of your choice.

Make an offer

Once you’ve found a suitable property, we'll put your offer forward to the seller. Any offer is subject to a contract being signed. There are no legal obligations on either side until the contract is signed.

Sale agreed

Once your offer is accepted, you will need to choose an advocate and forward their details to us as soon as possible, so that we can draw up the Memorandum of Sale for all parties. This is also the time to contact your financial advisor/mortgage provider to inform them of the agreed price and property address, and to instruct them to proceed with your mortgage application. The mortgage provider will then instruct their surveyor and make arrangements for a survey.

Draft contract

This will be drawn up by the seller's advocate and sent to your advocate, who will raise some preliminary enquiries and make a Land Registry search.

Planning searches

Contact your advocate and pay for the searches. This will reveal, for example, planning consents granted for the property and any local issues.

Survey

A survey is carried out on the property by a surveyor on behalf of the mortgage provider to identify property condition and advise on the property's value. Within 3 days the survey should be retuned to the mortgage provider and hopefully your mortgage will be approved.

Contract approval

Once results of the local search and answers to the preliminary enquiries are received, the draft contract is approved by your advocate providing there are no further enquiries.

Formal mortgage offer

This document will be sent to your advocate for you to sign. Once signed and returned your mortgage is in place and you are ready to agree dates for exchange of contracts and completion of the property. Exchange and completion dates are normally 2 weeks apart.

Exchange of contracts

The contract is signed by you and the seller. The deposit (usually 10% of the purchase price) is telegraphically transferred or paid by the buyer's advocate in the form of a banker's draft.

Completion

This is generally set a few days to a few weeks after exchange of contracts, depending on each parties' personal requirements. Residual monies (usually 90%) are now transferred from your advocate to the seller's advocates account.

You are now the legal owner of your new home. Congratulations!

Testimonials View all testimonials

Don't just take our word for it.

Diane and the team at Harmony Homes were fantastic from start to finish. They sold our house straight away and found us our perfect home to purchase. I would highly recommend anyone to list their property with Harmony Homes.

Mr & Mrs Looker, Vendor/Purchaser

My family and I recently sold our property through Harmony Homes. And we received a totally professional service from the start till completion. And it was during the pandemic so lockdowns which caused delays. However, contact continued throughout so there was never a break down in communication from Harmony Homes during a very challenging time to be selling a house. I would recommend them 100%. Great service from approachable dedicated staff.

Jayne B, Vendor

We have been very impressed with the service we’ve received from everyone at Harmony Homes. Friendly and professional and very knowledgeable about the local market, with prompt and reliable communication. A breath of fresh air in terms of our previous experiences of dealing with the property market. I would highly recommend them for one’s house sale or purchase.

Karen S, Vendor

Would like to recommend Harmony Homes Estate agents, the staff are so lovely everyone that we have spoken to is polite and helpful, all feedback is swift and constructive. Selling a house is a stressful time but at least dealing with pleasant staff makes it easier.

Frances B, Vendor

I have used Harmony Homes on several occasions and have always found them to be friendly and helpful. I have used them for rentals as a landlord and have recently used them to sell a house. At each time they have been able to carry out the sale or let quickly and without  trouble.

Peter H, Landlord/Vendor

Our experience with Harmony Homes has been overwhelmingly positive. Prompt and courteous attention coupled with useful insights and clear advice on local property market trends have helped us get to where we want to be with our property and rental portfolio.

Chris M, Vendor

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