You can offer less if, for example, you think there are repairs to be done which may cost money.
If you wish to make an offer on a property you should contact online estate agents turtlehomes.co.uk to tell us how much you are prepared to pay for the property. We will then put this offer forward to the owners. This offer will be confirmed to both parties in writing.
The offer you make will be based on various factors such as:-
If the owners do not accept the first offer put forward to them, you can decide to make an increased offer. There is no limit on the number of times you can make offers on a property. If you make a written offer it will always be made subject to contract. This means that you will not be committed to the purchase before finding out more about the state of the property. If you make an oral offer this is never legally binding.
Once the seller has accepted your offer, ask them to take it off the property market. They don’t have to agree to this but doing so will shut out other potential buyers.
Now you need to move fast - the seller will want to see progress so try to avoid any unnecessary delays in getting the surveys and other legal work done.
If you have not already begun to arrange a mortgage, you should start to do this now. Feel free to contact Turtle Homes who can recommend a whole market broker to source the best possible mortgage deals for your circumstances.
Complete the lender’s application form and send them the documents they require - this will include proof of your ID, evidence of your earnings, proof of your address over the last few months and your bank statements, so have these ready. The lender will arrange for a valuation to be done on the property.
If you are lucky enough to not need a mortgage, you don’t have to get a survey done, though buying a property without one is inadvisable and risky.
If you are buying an older property, one that needs repairs or just for your own peace of mind you could consider getting a more detailed survey done than the basic lender’s valuation.
The lender will use the surveyor’s Valuation Report and other information you provided to calculate how much it will allow you to borrow by way of mortgage secured on the property.