Buyers often start by putting in a lower offer, expecting you to negotiate. Make sure your estate agent negotiates the highest price possible before accepting an offer on a house.
If you have multiple offers on your house, you may decide to move to sealed bids.
Consider the buyer’s position. For example, first time and cash buyers are quicker than those in a chain.
The sale isn’t legally binding until you exchange contracts. Anything could happen e.g. your buyer could reduce their offer and you’re also free to pull out until exchange.
The process of accepting an offer on a house to completion typically takes 12-16 weeks.
Comments