You've searched the market for months, weeks or even years, and finally you've found it. The home of your dreams! How do you approach making an offer?

When it comes time to submit your proposal for an agent to be considered, it can be done either verbally via phone, in person, or written. If you decide to submit your offer verbally you may be asked to sign off on the offer by writing. This is usually done via email, and is only to keep the records of the agent.

The offer you make has to be approved in Kingdom valley Islamabad noc through the agents to the owner of the property for them to take into consideration.

THINGS TO CONSIDER

We've listed a few items you need to be aware of when buying:

Preparation If you have an agreement to mortgage in the main, you'll be more attractive to sellers. It indicates that you are organized, reliable and committed to buying their home. It is also a good idea to get your solicitor on board to allow the agent to get their contact information when they make an offer.

ConfidenceThe property market is only that, a market. You're offering a price based on the amount you're willing and able to pay and you have the right to make. So, be confident in your offer and don't apologize if it's not what you've been told the seller is seeking.

Chains Buyers who do not have chains enjoy advantages over buyers who have chains. This is great news if you're an aspiring buyer, a buyer without a chain, or a buyer with an already-arranged mortgage.

Speed If you're well prepared and chain-free, you will be able to finish the purchase faster that could be beneficial for the vendor.

Price Some sellers don't want speed. They may be more inclined to sit and wait for a more value, maximizing their profit.

NEGOTIATION

As mentioned earlier it is a market. So, it is likely that there will be negotiations between you as well as the vendor, therefore prepare for it.

Set an upper limit prior to beginning the discussions, you should set an upper limit you're not willing to compromise and adhere to it.

Research Look at similar properties and see what they were sold at. Also, look at properties that are currently up for auction. The more knowledge you have, the more confident you will make your decision.

Learn about the property If you know how much the house will cost to operate and how much will need to be put into repairs and the cost to own it and then you'll find yourself in an ideal place. It's because you'll know how much you can afford before negotiations begin.

Additionally agents are also required to keep their information open. In turn, they will inform you whether there are any other individuals who are interested in the identical property. However, be cautious that this does not lead you to make unwise choices.

MAKING THE OFFER

When you offer a deal, be sure to specify that it is:

Subject to Contract (STC) - only after lawyers exchanged contracts can the sale be completed.

subject to survey This allows for costs for any defects or problems to be assessed after your surveyor has had a time to examine the property.