Making An Offerr On A Property

3.Making An Offer
Once you have decided on your property you will be required to make an offer to the estate agent. They will then relay that offer to the people selling the property, if it is acceptable the estate agent will then notify you immediately if not you will have to consider another offer. If there is more than one interested party in the property the estate agent is required by law to keep everyone informed of the bidding and give them an opportunity to consider a counter bid. Once your bid is accepted you will be required to place a booking deposit on the property and will sale agree the property for you. At this point neither party has entered into a legally binding contract to purchase the property, this will only happen at the signing of the contracts.

For new homes the process is much easier in that there is a set price. In this situation you will pick your house and again place a booking deposit down. The process from thereafter will then be the same for new and second hand homes.