Viewings and Making an Offer
If it’s the first time viewing a property, it can be a little daunting. How do you make the most of your 15/20 minutes inside what could be your next property? This could be one of your largest purchases you’ve ever made so it’s important you maximise on your time so you are in a good place to either make an offer, or reject the idea of buying that particular place.
What to look for when viewing a house
First impressions are really important so don’t ignore your first thoughts, even before you get to the property. From the outside alone, and the surrounding area, you often already know in your guy, if the property is going to be for you. Drive around prior to the viewing if you can, what local amenities are there? Can you see yourself living in the area? It’s worth doing this at a few times of day.
Every buyer is different. What is important to you will be different to others viewing the same property so make a list of the things you know are important so you can ask the relevant questions on the viewing. It’s very easy when you’re walking around the rooms to forget about the key things you wanted to ask the agent. This is a key reason we recommend viewings with the estate agent rather than the vendor – any difficult questions, we know you’re more likely to ask the agent. Check when booking who is doing the viewing.
It’s time to make your offer
When you've found the property for you, it's time to make your offer. Take your time when making your first offer. Some buyers are actually in a more favourable position so make sure any of the below are made clear, if you meet any criteria – it could be the difference!
You are a first time buyer
You are not in a chain
(you haven't got anything to sell before you buy)
You have a pre-arranged mortgage offer
Before you make an offer, also find out the seller’s position. If they have had the property on the market for a long time they may be willing to accept a lower offer. On the other hand, a seller who is in no hurry to move may be more prepared to hold out for a higher price. Balance this with your needs and make the best offer you can to secure you the purchase.
If more than one party offers on the property, you may get taken to best and final where you will have to put down your maximum bid. The highest then will be accepted.