07 — Final Purchase Strategy
Final purchase strategy
Now that we’ve mapped out the dossier and have an indication of the property’s market position and estimated value, the next phase is making your offer. Every property and every bidding process is unique, so before you submit one, we’ll always schedule a personal meeting or call with you. We also thoroughly align our advice with your mortgage adviser, the specialist best placed to confirm what’s achievable for you.
During this conversation, we will discuss:
The current market conditions.
The level of competition for the property.
Our recommended bidding strategy.
The final purchase price we believe gives you the best chance of securing the property while protecting your financial interests.
Our goal is to help you make a confident and well-informed decision.
Offering above the asking price
In today’s housing market, it is not uncommon for properties to sell above the asking price. If we recommend submitting an offer above the asking price, this does not automatically mean you will need to pay that additional amount from your own savings.
Once your offer has been accepted, an independent valuation of the property will be carried out. If the valuation confirms the agreed purchase price, it is often possible to finance the full purchase price through your mortgage, subject to your lender’s approval and your personal financial situation.
For this reason, an offer above the asking price does not necessarily result in additional out-of-pocket costs. We will explain this process in detail during our consultation so that you understand exactly what to expect before making your final decision.
