Remember its quite common to offer less than the asking price so make sure to research similar properties and gage the best offer. It’s worth looking how long the property has been on the market because if it has been a considerable amount of time, they may be more open to accept lower.
You always want to portray yourself in the best light in case there’s a vast amount of interest on the property. We’ll make sure to provide the seller with all your favourable information such you’re just getting onto the property ladder as first-time buyers, not in a chain, have a pre-arranged mortgage or your deposit size if it is considerable.
Getting this done will help you assess the condition of the building and any potential problems. There are different types of surveys which we are happy to discuss with you to explain which would be the most suitable.
If it does turn up problems that are not deal breakers but may cause unexpected costs whilst remembering to be reasonable and realistic, it allows a bit of room to renegotiate with the seller to see if you can bargain a better house price.
Exchange And Completion
First up is exchanging the contracts. Once this is done you are legally obliged to proceed with the purchase and required to pay the initial deposit. If you pull out after this point you will lose this deposit.
Then comes completion day. Your lender will transfer your mortgage money to you solicitor who will then pass it on to the seller’s solicitor. As soon as this money hits their bank, we can release the keys and the house is yours!