Making an offer
When you are ready to make your offer, call the estate agent in charge of the sale of the property immediately. If you like the property, the chances are others will too, so speed is essential. You may want to put your offer in writing and give the name of your solicitor.
The estate agent will contact the seller and await their decision. Don't be surprised if your first offer is rejected. Buying and selling is about negotiation and this is where the estate agent comes into their own, so if you are a seller as well as a buyer, make them work for you! The estate agent must confirm any offer in writing.
If the seller receives similar offers, you may be asked to take part in a sealed bid. This means you must make only your best and final offer, and the seller will use this information to make a choice.
If your offer is accepted, the agent will write to confirm the address of the property, the agreed price, and the terms and conditions. The document will also include the names and addresses of both parties and their solicitors.
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