Selling and buying a property can be time consuming and energy intensive. It can bring disappointment and frustration, delight and excitement or a mix of all these, all accompanied by a dose of anxiety! Read this post to get some useful tips from Estate Agents North London on things that sellers and buyers could do to smooth the process and reduce anxiety.
Things buyers should and shouldn't do
- Do your research about the property and the area.
- Look at buildings in areas that are up-and-coming before they become sought after. Tell-tale signs include demolition or regeneration projects.
- Chat to the neighbours around the house. Introduce yourself and ask about noise levels, public transport, schools or any issues that are imperative to you.
- Make sure you can pay for the mortgage you would need if you had to meet, or even exceed, the asking price. It's a good idea to know that you can service that debt even if prices increase by several percentage points.
- Don't be frightened to offer less than the asking price if you think you have good reasons to do so (such as damp in several walls).
- Make an offer via email or over the phone to the agent.
- If the owners are there when you see the house and you have made a decision, tell them that you intend to make an offer!
- State your offer and do not elaborate (unless you're justifying a low offer).
- Be firm about your offer and do not be discouraged by the agent's response, but if he or she could provide strong reasons why you need to up your offer you might want to reconsider.
What sellers should or shouldn't do
- Look cautiously at potential estate agents before you select the ones you'll use. Make sure they have knowledge, an excellent reputation, strong presence and are qualified and affiliated to industry and regulatory bodies.
- Don't allow agents to make decisions without speaking to you first. Moreover, having several agents means there is some competition between them to find you a good buyer.
- Don't use an agent that depends almost exclusively on virtual viewings. Use a local agent who will bring prospective buyers into your property.
- Follow up (politely) with your agent or agents to find out how things are progressing.
- Do not play buyers off against the other; it might not be uncommon but it leads to anger and could cost you both of the buyers as neither will trust you.
- Accepting a higher offer from another buyer before exchanging contracts will create an excellent deal of ill-will so be prepared for it…
- Be open with the agents about any matters relevant to the sale.
- Follow agent's guidelines when it comes to preparing your house for viewings (neat, clean, and so on.)
Putting effort and time will pay off for both buyers and sellers! Be sure to phone the ideal Estate Agents North London on 020 7339 3073 if you would like to know more.
Copyright @ One Property Consultants
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