Making an Offer
Making an offer
When you have decided the property is right for you, it is time to make an offer. The most important element is that you have done your homework. Look into the local area, what similar properties in the area have sold for and what current demand is for properties of that type in the area. That way, you will be in the best position to place a reasonable offer that is more likely to be accepted. How long the property has been on the market can also sometime affect how likely the seller is to accept an offer lower than the asking price.
Ensure that you are honest. If you are a first time buyer or chain free, ensure the estate agent and the seller are aware of this. This may mean you can move at a quicker pace and put you in a more favourable position that others that may also be placing offers.
Sealed bids work slightly differently and it is even more important that you make it clear what your bid is and what flexibility you have in terms of dates around completions. It can be very useful to ensure the estate agent selling the property is aware of your full situation, including the details of your solicitor and mortgage broker. If you still need a mortgage broker take a look at Just Mortgages.
Make sure your offer is subject to contract and subject to a satisfactory survey.