Are you ready to make an offer?
Just like marriage: everything starts with a proposal. Once you find your ideal home it is time to make an offer. Like any other proposals you’ll ever make in life, your main objective is to be accepted. It is, however, all too easy to get carried away by your emotions when making an offer on a property. You’ve found the perfect home and you can already envisage yourself living there. You know exactly where everything will go…your books, your sofa, your TV…they have all been mentally placed in the perfect spots. Although there is nothing wrong with making plans, it is important to keep your feet firmly on the ground at all times. Remember that purchasing a house is a business transaction involving contracts and money and as such, you need to be prepared for a variety of potential outcomes and situations. For instance, what would you do if the seller rejects your offer? What can you do to reduce the risk of being outbid by another buyer? Here are a few tips that might help.
If your offer is accepted
It is important to remember that oral promises and agreements are not usually legally enforceable in real estate. This means that if your offer is accepted you need to have it in writing. A professional real estate agent such as Nor Estates will always provide you with a standard reservation deposit form for both parties to sign. Upon signing this document, you will also be required to pay a deposit which is usually refundable at this initial stage. Additionally, you should also ensure that the seller takes the property off the market. At Nor Estates we will do all negotiations on your behalf. All our property consultants are trained to ensure they know how to make an offer on a property or deal with any potential objections and problems. We do our best to provide professional service to all our clients. Contact us if you are thinking of buying or selling a property.