First Time Buyer Guide
Making an offer
When you are sure you have found the right place, it’s time to make an offer. This is a big step and you want to make sure you are ready. Having answers to the following questions will make it easier got you.
Key Steps:
1. Checklist
- What is the maximum amount you can spend?
- What percentage mortgage is required?
- Is the mortgage pre-arranged?
- What is your timespan for the move?
- Do you have any other outstanding offers?
- How much are you willing to offer and how much you are willing to negotiate?
- Which fixtures and fittings are included in the sale?
Tips:
- Talk to the estate agent to find out as much as possible, for example whether the seller want to move quickly.
- Remember, estate agents work for the seller and is often trying to get the best deal for them rather than you.
2. Making the offer
- Get in touch with the seller’s estate agent and tell them how much you would like to offer.
- If they don’t accept, you can increase the offer, but make sure it’s within your budget.
Tips:
- Consider getting a survey done.
- Consider finalising your mortgage details.
Next step: The legal process
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