Why You Should Understand Your Buyer’s Position before Agreeing a Deal

Why You Should Understand Your Buyer’s Position before Agreeing a Deal 


Before you agree a deal to sell your home, it’s important to understand your buyer’s position.

Here are some issues to consider before accepting an offer.

Finances

Some buyers make an offer before confirming their financial position.

So, check a buyer can demonstrate how they’ll fund the purchase and has proof of deposit and a mortgage deal.

Timescale

If you’re in a chain, knowing a buyer’s timescale for moving is critical.

Ideally, your buyer will be working to a similar deadline to you – otherwise the sale could stall.

Motivation

Knowing why your buyer is moving will help you assess if they mean business.

If they’re yet to list their property, sort their finances or instruct a solicitor, they may not be a serious buyer.

We’re here to help you make your next move – contact us today.

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