Should I accept this offer? A question we often get asked

There are many things to consider when you do receive an offer on your property and depending on how close to the asking price is the offer is can make our answer to you vary.

At Orchards Estates, we pride ourselves on having a dedicated Sales Progressor who is always working to get you the best deal for your property.  Yes, a large part of that is a decent financial offer, but part of that is also a buyer in the right situation to be able to meet your timescales without delays or any hitches.

Financially, we will consider the state of the current local property market, the length of time the property has been up for sale, and - if properties in your road have sold recently- what price did they achieve?  This will help us guide the potential buyer into making what we consider a realistic offer in the first place.  We will look at affordability and what you need to achieve to move into your next home (deposits, mortgages etc.) which will allow us to work out if the offer is good enough for your specific financial circumstances.

We will then consider your situation; do you need to sell the property quickly?  Are you relying on this offer to purchase your next home?  Are you at risk of losing your next home if there are delays in selling yours?  Whilst, we hope that all sales go through without any hitches, we consider more than just the financial elements of any offer and advise you to do the same.

You also need to know how serious the people making the offer are about purchasing your property. Do they already have a mortgage offer in place? If they say they do, we will ask for proof.  Are they relying on selling a property so they can purchase yours? If so, have they accepted an offer on their home?  And what about their buyers…..  Their potential to proceed with the purchase of your property can make the overall offer far more attractive and the following transactions far easier.

Don’t forget that whilst we are helping you through these negotiations, we have an expert Financial Adviser on hand to look at ways that we can balance your financial needs with the more practical ones.  Please ask us for details and trust that we will be acting in your best interests throughout the whole process.