Bidding
Bidding on your dream home is exciting but it also can be stressful – to help you to prepare, here are some of our top tips for bidding and ensuring you are ready to secure your offer when the time comes!
Be Ready!
Prior to placing your first bid on your dream home, you will need to obtain mortgage approval. If you are selling to buy, it is good to have your home on the market, or show that it is Sale Agreed. If you have sold a property already, confirmation of the sale from your solicitor can be uploaded as proof of funds. This shows that you are in a position to move quickly if your offer is accepted, and you can have a deposit ready when the time comes.
Decide Your Budget
Decide on a budget from the beginning to ensure that you know your limits – this means that you are less likely to overextend yourself or even end up in a financially precarious position down the line. It’s difficult, but be prepared to bow out if the bidding goes above your maximum budget.
Do Your Research and Don’t Rush
When buying, it is important not to be too hasty and to do research before and after viewing a property. Be prepared, weigh up all the pros and cons and think of extra costs you may incur if your bid is successful.
Ask Questions
Ask the agents advice to get a sense of what the vendor is hoping to achieve, how long the property has been on the market, the number of interested parties there are and if any offers there are. Get as much information as possible before making your first bid.
Engage a Solicitor Early
When you receive the exciting news that your offer has been accepted, have your solicitor details at the ready straight away so that the process can begin immediately.
If you are looking for your dream home, take a look at the properties we currently have for sale, or contact us on 021 490 5000!