Property, Buying, Selling and
Maintaining Tips and Hints - A Short Article Packed with
Useful Information
Property: Making an Offer
Before jumping in and making an offer check out these useful hints on making
an offer.
Viewing again
It is wise to always view a house for a second time if you are interested in
making an offer. You notice things that you didn't notice before. Take a long
any children that you have or a partner that you are buying with. You could
also take a long a friend or family member for their point of view. By the end
of this visit you will know for sure if you want to by the home or not. Get
to know the neighbours and get a better feel for the neighbourhood.
Making an Offer
If you are 100% certain that you still want to buy the house after your second
viewing then you should start talking to your Estate Agent as soon as possible.
Even if you leave it for a day you may be a day to late. Familiarize yourself
with how offers become contracts. An offer is not legally binding except in
Scotland.
What is the right price to pay?
Is it really worth the asking price? Have a look at other properties in the
area that are similar and check out their prices. If there is a lot of houses
for sale in the area that are of similarity this is good for business as you
have more choice to choose from and the seller will also know this if they have
done their home work. If they haven't point it out to them that there are plenty
of other houses on the market. Buyers never pay the asking price and nor should
you. If the price is £75,000 put in an offer for £72,500. Remember
only pay what you can afford to borrow.
Take into consideration what additional work (& costs) may
be needed.
Find out how long the house has been on the market by asking the
estate agent. A house that has been for sale for a while puts the buyer in a
much stronger bargaining position.
It is often worth offering a lower price anyway to judge the sellers
reaction.
Make sure your offer is "subject to survey and contract"
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