terms are used as marketing ploys to generate interest in a property and the more relevant figure for a purchaser is the Home Report valuation. This is usually a better indication of what the seller is hoping to achieve. How Much Should You Offer Depending on the level of interest in a property a lucky purchaser may be able to negotiate a price below the asking price. If the property is new to the market and/or if the market is buoyant then often purchasers are pushed to offer over the valuation. Don’t Be Fooled By The Asking Price 1.
A Viewing Of course, have a good look around the property but we advise asking questions too. An answer to a question, may help you decide whether you wish to buy or not. Useful Questions Finding out why the seller is moving will help you find out if they enjoyed living in the house. They may go on to say how they will miss their neighbours or the local shops. All information that can help you make a decision.
house by the seller, it can be worthwhile to make an effort to explain your situation to the seller. It is amazing how often a seller can be influenced by your circumstances if they are trying to make a decision later. Sellers Can Choose A Buyer For More Reasons Than Just Money Usually money makes the most difference to any offer, but sometimes a seller receives more than one offer that is similar in price and terms. If the seller knows more about you it may help him or her to decide in your favour. 3. Don’t Be Afraid To Talk
When considering a Home Report it is important to bear in mind that surveyors are human beings, who have opinions, prejudices and the occasional bad day! Sometimes a ‘2’ for one surveyor may be a ‘1’ for another or a ‘3’ for someone else! Solicitor Advice Given the lack of detail that is a feature of most Home Reports don’t be afraid to take advice from your property solicitor who may be able to “read between the lines”. It is often where a Home Report is silent that you have to consider making further enquiries and your solicitor will be able to guide you on what areas these might be.
a property, make sure that you visit the property twice before offering, preferably once at night and once during the day. It is surprising how different a property and its surrounding environment can be when you return for a second time! Second Visits A second visit can be useful to reacquaint yourself with the layout of the property, and to give you a chance to check the areas you perhaps didn’t pay much attention to first time round, like the windows, storage or parking. It is worth bearing in mind that, once you have successfully offered for a property, you will generally not be given access again until the contract is concluded and you are legally tied in to going ahead with the purchase. 5. Look Twice
Doubts? If you are trying to buy a new home you will know if it is right for you. If you have any nagging doubts or any uneasy feelings about any aspect of a property, don’t ignore them, no matter how attractive the price may be or how positive some aspects of the property may be. Be Dispassionate & Objective Consider how long the property has been on the market, any repairs required and any potential issues with the surrounding location, eg redevelopment sites, the closeness of any commercial properties, railway or tram lines, or watercourses with the potential for flooding!