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How to handle offers on your property – in Five Steps

Whenever people sell their homes with us at Forbes Estate Agents one of the questions which nearly always comes up from them is – How do I respond to offers?

Below is our five-point advice on what you need to consider when deciding whether it’s an offer too good to refuse.

An accurately priced and marketed property in an excellent location will attract viewings and offers very quickly.

The ideal scenario is people want your property so much that they offer the asking price. If buyers are competing for your property, this will drive the price up yet again.

However, there are a number of factors to consider aside from which buyer is willing to pay the most.

  1. 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? Are they Cash Buyers? Would they be in a chain if they did?
  2. Do they have a mortgage offer already approved? Have they a solicitor? The ideal buyer is a cash one. This scenario often sees the whole process take far less time to complete.
  3. As the seller, you are often in the strongest position, but always treat the buyer the way you like to be treated.
  4. 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.
  5. 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, searches and conveyancing. Make sure you instruct a good solicitor not the cheapest solicitor as this can be a timely process and most good local solicitors seem to work swifter than others. If you would like a list of our recommended solicitors please message us at Forbes Estate Agents directly.

Thanks for reading and if you have any property related questions or are thinking of Selling or Letting your home, please don’t hesitate to get in touch with us, tel 01257 273 324, email info@forbesestates.com or message us below – we’d love to help and advise you on the local property market.

Best regards

Paul Forbes