offer on property

How to Make an Offer on a Property?

Mortgage Advice in Birmingham

How to make an offer on a property?

Once you have found your ideal property, the next step is to make an offer.  Firstly, this is done on the telephone then once accepted, then usually, you’ll have to confirm this by email.

The estate agent is then obliged (by law) to pass your information and offer to the current owner for their consideration.

When you are ready to make an offer on a property you want to buy it’s important that you put your circumstances (your story) across to the current owner or estate agent.  

Things to remember:

  • Be ready with your mortgage in principle
  • Not being in a chain and will help 
  • If the current sellers are in a hurry, you need to be ready to move fast
  • If the property has just come on the market, you’ll have to be prepared to pay close to/or the asking price 
  • It’s all about negotiation!

You will never beat a cash buyer but if you have a Mortgage Agreement in Principle in place you will definitely be in a better position than other potential buyers (your competitors!) who haven’t taken that step with their Mortgage Broker.

Buying a property is a negotiation process. If your initial offer is rejected then you will be asked whether you want to increase. So don’t be afraid to offer less in the first instance than you really are happy to pay.

If your increased offer is also rejected sometimes it just boils down to whether you are willing to pay the asking price, (especially if the property in question has just been placed on the market) or whether you are prepared to walk away and find somewhere else.

Please feel free to give us a call if you require any help with this or have any further questions, as always, we’ll be happy to help.

Birminghammoneyman.com
Mortgage Broker in Birmingham
Book Your Free Mortgage Consultation
Meet The Birminghammoneyman Team!

Quick Links to Our Services

Open & Honest Mortgage Advisor in Birmingham
Mortgage Advice in Birmingham You Can Trust

Money Man mascot Latest Articles...

News & Opinions

Need More Help?

Contact Us
birminghammoneyman

We Search 1000's of Mortgage Deals For You

Here are some of the lenders we work with...

lenders company logos
Mortgage Advice in Birmingham Open & Honest Mortgage Advice in Birmingham

Birminghammoneyman.com & Birminghammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

Birminghammoneyman – Eleven Brindley Place, 2 Brunswick Square, Birmingham, B1 2LP.
0121 5950187

The Financial Conduct Authority does not regulate most buy to let mortgages.

Your Rights | Privacy Statement