When you decide you would like to buy a particular property, you do not have to offer the price being asked for it by the owners. A property is only worth what someone is willing to pay for it. You can offer less if, for example, you think there are repairs to be done which will cost money, that the property is over valued or that you think there is a possibility of doing a deal.
If the owners do not accept the first offer put to them by you, you can decide to make an increased offer. There is no limit on the number of times you can make offers on a property, and the estate agents selling the property on behalf of the vendors are legally obliged to put through all offers made to them. If you make an offer, it will always be made subject to contract and is not legally binding until exchange. This means that you will not be committed to the purchase before finding out more about the state of the property.
When your offer for the property has been accepted, you will have to consider the following:
Whether a holding deposit is payable
Arranging a mortgage
Whether a survey is necessary
Who will do the necessary legal work
We can recommend expert mortgage advisors, conveyancers and arrange a survey for you.
For more information, please call us today or send us an enquiry.
Sold my house with Arden, very professional service, quick sell and at my asking price. Will definitely use Arden Estates again.
The most professional estate agency in Ward End. I have tried others and will not move from this letting's agent.
Exceptional service at this Estate Agent both in buying and selling properties and invaluable service with their letting service. Very highly recommended and efficient reliable service. Simply the best.
Very helpful and professional estate agents. They will go out of their way to try and help you and they always have the time to explain to you what's happening. Would definitely recommend!
We recently sold our property through Arden Estate Agents, and having failed to sell through another local estate agent we tried Arden's after they were recommended to us, I am so glad we did, as they sold our house within a couple of days and kept us in the loop throughout the entire process. I would genuinely recommend them to anybody who wants to sell or buy a property.
Exceptional. From meeting at the valuation to sales completion, Arden provided an honest, professional service throughout. Tony and Paul kept me updated with progress from finding a genuine purchaser to ensuring we experienced no unnecessary delays. I highly recommend them. My only regret I didn’t knock their door first. Exceptional.
Frequently asked questions...
When should I arrange a mortgage?
We recommend buyers seek financial advice early on and ideally have a mortgage in principal prior to viewing. This reassures the seller that you can finance the purchase and will put you in a stronger position than other buyers without one.
How should I prepare my property for sale?
First impressions count! We will work with you to advise how best to present your property. It is helpful to clean and declutter your property as best you can before sale. Keep pets out of the picture and clean the areas that are often missed such as skirting boards, window frames and doors. Remove any cobwebs. Kerb appeal is very important - tidy up your driveway to improve initial appeal to prospective buyers.
What if I change my mind and want to pull out of my property purchase?
Both parties are allowed to pull out prior to exchange of contracts. However, following exchange of contracts, the opposing party is entitled to 'breach of contract' terms. Therefore, the seller would be able to retain a proportion of your deposit.