Making an offer and then negotiating is a crucial part of buying and selling a home and the person making the offer needs to bear in mind that the price is there as a guide.
Even with strong demand for property, most home sellers will not be expecting a buyer to match the asking price but will be expecting them to make an offer. They will, in turn, make a counter offer as part of the negotiations to buy.
However, it can be a tricky business in deciding on what the opening offer should be; offer to low a price and the buyer risks antagonising the vendor.
They also run the risk of being outbid should other buyers be interested in the property as well.
The flipside is that they may decide to bid too high as an opening offer which means they could be paying too much for the property.
Property for sale Manchester airport
It helps that when someone begins a search for a new home – and they might be searching for ‘property for sale Manchester airport’, for instance - that they decide what their maximum amount is they are willing to pay on a property which will have a big influence on how low they are willing to bid as their first offer.
In order to make an offer that will attract the attention of the vendor means taking on board a range of information such as knowing what other homes in the area are selling for and the condition of the property itself.
However, there are also some other questions that the estate agent should be able to answer including how long has the vendor had their property on the market?
Also, has anyone else made an offer? And, if they have, was that offer not accepted or did the buyer withdraw from negotiations?
Look for flats for rent in Wythenshawe
It's also important to understand whether the seller has bought another property because that will help focus their attention on selling their current home and they will know when they are looking to move – there may be gap between these dates so one of the parties may need to look for flats for rent in Wythenshawe, for instance.
Indeed, understanding and appreciating why the vendor is selling could also be crucial to making an offer that will suit the property. The potential buyer also needs to understand what is included in the property sale and what is not.
All of these answers will help provide some information when it comes to negotiating on the sale price and the estate agent will play a crucial role in this process to ensure both parties are happy with the final amount that is agreed upon.
So, for anyone looking for a Manchester property for sale, these are some of the issues they need to understand before they even undertake a viewing and the helpful team at Bergins will also be able to offer help and advice to ensure the buyer finds a home they will love and the vendor sells at a price they will like.
