When moving home, we’ve all fallen in love with properties which can feel like a long shot. But if that sounds like you, all is not lost! If you want to make an offer on a property that has a lot of interest and you need to act quickly, here’s an offer strategy you can try.
- 1. Chain free cash buyer
- 2. First-time, or other chain free buyer with a mortgage in principle
- 3. Chain buyer who is under offer, cash trumps mortgage
- 4. Chain buyer who is listed but not under offer
- 5. Chain buyer who is not listed or a first-time buyer without a mortgage in principle
If there’s an offer on the table from another buyer higher up this list than you, you’ll likely need to exceed that offer to be considered.
To show that you're serious and ready to proceed, be prepared to share your mortgage in principle, your solicitor's details, and a screenshot showing proof of funds.
You should also try to understand the seller's situation to make your offer more appealing. Ask the agent: why is the owner selling? And have they found their onward property? Make it clear you can move fast or be flexible. If the seller still needs to find their onward property, this might make all the difference.
If you’re selling with Nested, you’ll have the option of a professional Buying Agent by your side. They can value the property, put together a bespoke negotiation strategy and can even negotiate for you, often saving you tens of thousands! Find out more about Buying Agent Plus.