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Property Guide: |
Prepare |
Pricing |
Advertising |
Viewing |
Offers |
No Luck |
The Sale |
Moving |
Settling In |
You have an offer. There are three points to find out about the offer:
- How much the offer is for. Is it as much as you would like? Is it for how much you need? Check the calculations on our pricing guide. Do you realistically think you can get more (from this buyer or from someone else)?
- How immediate is the offer? How long is the chain, are they first time buyers, are there any other time dependencies on the sale (holidays, divorced partners etc.)?
- Is the finance settled? If they need a mortgage, have they already applied for one? If not, is there expectation of the amount they can borrow seem reasonable?
The answers to these questions should help answer the question of whether you should leave the house on the market. If you think the offer can be bettered, do not accept the offer and continue marketing the property. If the offer either has a lengthy chain or the finance is not complete, then it may be worth keeping the house on the market. However, it is essential that you are honest with your potential buyers in this situation, otherwise your offer may disappear overnight.
If you are going to reject the offer, always give the opportunity for the buyer to increase their offer.
If you are going to accept the offer, it is time to start looking for a solicitor. The conveyancing market is quite competitive and it is worth considering online solicitors. Get a quote from Easier to Move.
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