Whenever people sell their homes with Ashworths, one of the questions they nearly always ask us is - How do I respond to offers?
Below is our five point guide on what you need to consider when deciding whether it’s an offer too good to refuse.
An accurately priced property in an excellent location will get offers very quickly.
The ideal scenario is people want your property so much they offer the asking price. If buyers are competing for your property, this will drive the price up yet again.
However, there are several factors to consider aside from which buyer is willing to pay the most.
What’s their situation? Your agent needs to give you as much information as possible about the people making the offer. Do they have a property to sell? Would they be in a chain if they did?
Do they have a mortgage offer already approved? The ideal buyer is a cash one. This scenario often sees the whole process take far less time to complete.
As the seller you may be in the stronger position, but always treat the buyer the way you like to be treated.
The ‘offer’ part of the property process is where a good estate agent proves their value. So, you should have a relationship with them which means you are in constant contact and that you feel totally informed of what’s happening.
Remember that accepting an offer is just another part of the process and there are a few more hurdles to overcome in terms of surveys and conveyancing.
Part of our service for customers selling with us but buying elsewhere is the promise of free advice on making an offer when they’ve found a property they are interested in. We recently helped one of our sellers negotiate £15,000 off the house they were buying with another agent. It’s just what we do.
If you have any property related questions please don’t hesitate to get in touch with us – we’d love to help you.
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Want a SOLD sign outside your property quicker? Call us now on 01277 545 065 or email us at firstname.lastname@example.org for honest, expert and friendly advice.