Falling in love with your dream property is something most buyers will experience, but there is always a risk that your offer won’t be accepted and you’ll lose out.
Katie Griffin, President of National Association of Estate
Agents (NAEA Propertymark) says: “Finding your dream property is no mean feat,
but when you do eventually find it, the biggest task is keeping hold of it.
It’s really important to try and connect with the seller or agents involved,
but keep a clear head and make a strong case for why the seller should choose
you. An ideal buyer will show that they have done their homework, are clear
about how quickly they can move and that they are taking the process
seriously.
Here are a few simple tips you can follow to help secure your
perfect property:
Become an
expert
It’s important to do your homework before you place an offer
so you go into the process comfortable and confident. There is so much
information available on the internet about the house buying process and the
local area, so take advantage of this. Look into what similar properties in the
area have sold for so you’re confident the price you’re offering is the right
one.
Get your
finances in place
Confirm you can get a mortgage and
have enough money for a deposit before you start your search a there’s nothing
worse than falling in love with a property you can’t afford. Estate agents will
need to verify your ID before solicitors are instructed so remember to bring in
your passport and utility bill to provide your proof of funds. Estate agents
shouldn’t accept an offer without confirmation that the prospective buyer has
their finances in place.
Stress your position
First-time buyers with no chain make
for attractive buyers. Your seller may be looking to move as soon as possible
and if you’re in good position, you should make that clear as it will make you
more attractive than other potential buyers.
Build relationships
Building a relationship with your
estate agent will help ensure you’re getting the best possible advice about
your purchase. Try and go into their offices rather than having a phone call,
and sit down with them to discuss your requirements so that later down the line
they can put a face to your name
Act quickly
Sellers are busy and don’t want time
wasters. If you like the look of a property, don’t waste time, be the first to
get a viewing. Being proactive is one way to show the seller you’re a serious
contender.
Putting a price on it
While a bit of negotiating is to be
expected, don’t go too low. This can cause tension with the seller and you may
end up losing the property altogether if someone else offers a higher bid. You
should try to avoid round numbers to prevent making the same bid as someone
else.
Protect your purchase
Once your offer has been accepted, ask
for the property to be taken off the market straight away. This can minimise
the chances of additional offers coming in over and above yours and finding
you’ve been trumped.
At
Discount Insurance we offer competitive Home Insurance to help give you peace of mind during the
winter and throughout the year. Give us
a call on 0800 294 4522 for a quick quote!
