 |
|
|
Making an offer on a house is the process of advising a seller what you are willing to pay for the property, the offer will then be either accepted or declined. The MonkeyMove.com agent will negotiate between you and the seller to reach a final agreed price.
|
|
|
|
|
Before you put in your initial offer here are a few points that you may wish to consider first:
|
|
|
- Check the fixtures and fittings included with the property, if possible try to get a list from the agent.
- Check if the property is freehold or leasehold.
- How many other parties are interested in the property?
- Is the seller part of a chain and requires an offer to be accepted on their next property before they accept offers on their current property?
- Is the purchase of a new property dependant on you selling your existing home first?
- Have you had a mortgage agreed in principle? The seller may request a letter from your lender to this effect.
|
|
|
|
|
Rely on your judgement to gauge how strong your position is. If you remain cautious when you are not in a strong position then you may lose the sale for holding back on what could be a relatively small sum of money. By the same token don’t let yourself be played off against another prospective buyer in order to raise your offer. Remember the budget that you set yourself and stick to it.
|
|
Once a price has been agreed then your offer must be made formally in writing. This offer is made subject to a number of terms and conditions often referred to as ‘subject to contract’. You are not legally bound to proceed with the sale until a survey has been completed and contracts have been exchanged. When your offer has been accepted then the next step is to instruct a solicitor to carry out the conveyancing work and obtain an official notice of the fixtures and fittings that will come with the property.
|
