6 ‘Must-Dos’ Before Making An Offer On A Property

Thought you might be interested in the article 6 ‘Must-Dos’ Before Making An Offer On A Property and thought I’d share a few points with you here. I’ve found some relevant information here so if I find more, I’ll be sure to pass it on.

Here are the six essential things to do before placing an offer on a property. 

Will the Vendor Accept Offers?

First off, it’s important to check if the vendor is even in a position to field and accept offers.

Some agents won’t take any offers until a contract is available and others aren’t permitted to sell the property (for legal reasons) any other way than by auction.

Find out this information straight away so you know where you stand from the offset.

Get Your Finances In Order

You should be certain that you have pre-approval in place and a satisfactory deposit on hand.

Without finance approval, you can’t be certain that you qualify for a loan and the implication of entering into a contract and not being able to source the necessary finance is dire – ranging from merely losing the deposit to being sued for losses.

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Thanks,

Alex