Making an offer

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Go over  the contract

Go over the contract with your solicitor/conveyancer to guarantee its okay.

Make your offer

Put your offer in writing to the agent. Include any conditions such as time period for moving in.

Negotiate

You might be requested to pay a partial deposit once your expression of interest is passed onto the seller.

The seller can receive expressions of interest from other individuals.  If they trade contracts with them your partial deposit is then refunded if they receive an improved price.

Trade contracts

When you have come to agreement on a price with the seller, you should trade contracts and pay the entire deposit, normally 10% of the price tag.

Cooling off period

Except at auction, there is normally a cooling off period after contracts are traded. You can cancel the agreement amid the cooling off period, however you might lose your deposit.

Settlement

Settlement time can be negotiated with the seller. At settlement  you pay the remainder of the cost. You’ll then get the keys and the title to your home.

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