Purchasing a property is financially one of life’s biggest decisions. The process in regards to making an offer is the start of achieving your property goals. A lot of people assume that it is a very simple and straight-forward process. It’s all about putting an offer in writing, paying some sort of deposit and negotiating to buy the property – this is purely a misconception. This is the first impression of you as the buyer to the agent, the vendor and the property market. Governed by law, a Real Estate Agent must always forward any offer to the vendor for their consideration.
You don’t want to be jumping in the deep end without knowing what you are legally about to get yourself into. It’s amazing how many clients I have met over the years that are looking at purchasing that have either not appointed a solicitor/conveyancer or even discussed finance options with their broker/bank. Like anything you still need to do some research in order of putting yourself in the front seat when it comes to formally making your offer.
Depending on your financial situation seek how much you will require to borrow from the bank, have your solicitor/conveyancer lined up and more so have access to a full 10% deposit when signing a contract and putting your offer forward.
When making the offer have all the above ready to go. This will only increase your chances and show confidence in you with not only the agent, who will be forwarding your offer to the vendor, but more so the vendor who will visually be able to see the signed contract, 10% deposit and know you have a solicitor/conveyancer lined up and ready to complete the relevant paperwork.
Remember making your offer can be the difference from purchasing and missing out on your dream home or future investment property. Put your best foot forward and give yourself every opportunity of turning that offer into buying your property!