You’ve found the perfect property on Hiizzy, and you’re ready to take the next step; making your dream home yours. Reaching the offer stage of your home buying journey is a big step, but one that shouldn’t be rushed. So before you craft your offer, here are some key points to keep in mind as you prepare to start a new chapter in your life.
Take some time to look over the property again before making your decision; booking a viewing with the seller is as easy as a few clicks with Hiizzy’s calendar feature. Revisit the property with fresh eyes and an open mind, and imagine your life within its walls. Remember, the asking price for a property is the starting point for negotiations. It’s entirely normal to begin with an offer that is under the listed purchase price - this is all part of the process.
Here’s what to consider before making your offer
Your mortgage: Before you make an offer, ensure you secure a pre-approved mortgage. Not doing so can lead to potential financial troubles if you have your heart set on a home. Mortgage pre-approval helps you align your offer with your finances, and reassures the seller of your financial commitment. It’s a signal that you’re serious and ready to proceed.
Know your limit: It’s crucial to set a clear limit on what you can afford. Establish your maximum budget early on and stick to it, ensuring your dream home doesn’t become a financial strain.
What's included: Understand exactly what your offer includes. Is it just the house, or does it cover fixtures, appliances, and the garden shed too?
Property value: It’s helpful to do some market research to learn what similar properties are selling for, and stay up-to-date on local market trends.
Leasehold charges: If the property you’re interested in is leasehold, then consider the costs of ground rent, service charges, and any potential future increases.
Understand the seller: Every seller’s situation is unique. Take some time to learn about their circumstances - are they part of a chain, or are they looking for a quick sale? Have there been other offers on the property?
Stand out as a buyer: Use Hiizzy’s secure messaging to communicate directly with the seller, and highlight your strengths, whether it’s a pre-approved mortgage, being chain-free, cash buying capabilities - or if you're a first-time buyer. When you’re ready to make your offer through Hiizzy, you'll be asked some of these questions, so that the seller can understand your status as a buyer.
Making an offer
Only put in an offer if you're serious about buying. Approach it with seriousness and commitment, as backing out can cause delays and additional expenses. Be aware that verbal offers can be revisited before finalising, especially if significant issues arise from the home assessment.
When it’s time to make your offer, Hiizzy’s ‘Make an offer’ feature will help walk you through the process. You’ll be asked some questions about your status as a buyer, to help the seller understand where you are on the journey.
Make sure to read all the information before going ahead and making your offer. If circumstances change, communication is key. Keep the lines of communication open, and use Hiizzy’s secure messaging for clear, direct conversations with the seller.
Once your offer is accepted - congratulations! Let your solicitor know as soon as you can. They'll receive a formal memo that records your offer and provides legal contact details for all parties.
After a few days, follow up with your solicitor to ensure the seller's legal representative has begun their work and the sale is moving forward smoothly. With tools designed to make every step feel more manageable and secure communication to keep you connected, Hiizzy is here to support you through your home buying journey - from offer to celebration. Good luck!