You’ve received the long-awaited Agreement in Principle, and now it’s time to make an offer on a house in the UK! Understanding how to make an offer on a house can significantly improve your chances of getting it accepted. Here’s a step-by-step guide to help you navigate this crucial stage of the home-buying process.
Start Searching for Homes That Fit Your Budget
Before you make an offer on a house in the UK, start by browsing UK property sales website. Select homes within your price range and preferred area. It’s important not to limit your search too narrowly, as your dream home might be just outside your initial search radius.
Contact Estate Agencies
Once you have a list of properties you like, contact the agencies selling them. Book viewings as soon as possible and register with them to receive details of properties that match your criteria. Agencies often sell properties faster than they can advertise them, so being on their mailing list will help you stay ahead of the competition.
Subscribe to Property Agency Newsletters
To make an offer on a house in the UK before it’s sold, consider subscribing to the agency’s newsletter. This will allow you to access new property listings early, giving you a better chance of finding a home you like before it’s off the market.
View Properties, Even Those That Don’t Attract You Right Away
Book viewings for homes that don’t initially appeal to you based on photos. Sometimes, properties look much better in person than in photographs, so viewing a range of homes will give you more options to consider.
View Multiple Properties
Ideally, view at least 5-10 homes before deciding to make an offer. This will help you determine whether the price of the property aligns with its quality and ensure you’re making a sound decision.
Make an Offer and Negotiate
When you’re ready to make an offer on a house in the UK, don’t rush to offer the asking price right away. Negotiate! Estate agents often deal with multiple offers and may give you the opportunity to improve yours. Ask how many offers have been received, how competitive your offer is, and whether there are more viewings scheduled.
Be Transparent with the Agent
Let the agent know you have an Agreement in Principle and that both your solicitor and mortgage broker are ready to proceed once the offer is accepted. This signals to the agent that you’re serious about purchasing and can act quickly. With us, you’ll receive your Agreement in Principle within 24-48 hours after document verification and a consultation with our mortgage broker, ensuring that you’re fully prepared to make an offer without unnecessary delays.
Understand the Offer Process in England
In England (rules differ in Scotland), making an offer on a house does not legally bind you to the property. This means you can make offers on multiple properties for backup options, giving you flexibility during the process.
Submit Your Bank Application Promptly
Once your offer is accepted, submit your mortgage application to the bank as soon as possible. Speed is key in securing your property and avoiding delays. At Financial Agent Solutions, we work closely with you throughout the entire process, ensuring that all the necessary documentation is submitted quickly and accurately. Our experienced mortgage brokers are here to guide you, providing support and advice at every step to make the home-buying process as smooth and efficient as possible.
Be Patient and Enjoy the Process
Remember, the seller wants to sell their property as much as you want to buy it. The home-buying process in the UK typically takes 2-3 months, so take your time, choose carefully, and enjoy the journey of finding your perfect home!
By following these tips, you’ll be better equipped to make an offer on a house in the UK and increase your chances of having your offer accepted.
