How to handle offers on your property – in Five Steps

When people sell their homes with us at Robinson Reade one of the questions which often comes up is - How do I respond to offers?Below is our five point...

When people sell their homes with us at Robinson Reade one of the questions which often comes up is – How do I respond to offers?

Below is our five point advice on what you need to consider when deciding whether it’s an offer too good to refuse.

An accurately priced property in an excellent location will get offers very quickly.

The ideal scenario is people want your property so much they offer the asking price. If buyers are competing for your property, this will drive the price up yet again.

However there are a number of factors to consider aside from which buyer is willing to pay the most.

1. What’s their situation? Your agent should be able to give you as much information as possible about the people making the offer. Do they have a property to sell? Will they be in a chain if they do?
2. Do they have a mortgage offer already approved? The ideal buyer is a cash one. This scenario often sees the whole process take far less time to complete.
3. As the seller you are often in the strongest position, but always treat the buyer the way you like to be treated.
4. The ‘offer’ part of the property process is where a good estate agent proves their value. So you should have a relationship with them which means you are in constant contact and that you feel totally informed of what’s happening.
5. Remember that accepting an offer is just another part of the process and there are a few more hurdles to overcome in terms of surveys and conveyancing.

Thanks for reading and if you have any property related questions please don’t hesitate to get in touch with us – we’d love to help you.

Jane

PS: Want to get a SOLD or LET sign outside your property quicker? Call Robinson Reade and speak to our sales team on 01489 579009 or email: parkgate@robinsonreade.co.uk for honest, expert and friendly advice.