Only one word can describe the housing market at the moment… ‘Booming’. The demand for homes heavily outweighs availability across the market throughout the UK. This surge in interest allows sellers to be choosy, making life quite difficult for buyers. We know that there is nothing worse than seeing your dream home slip away. So, today, the team at Houso would like to provide you with some advice that may help you stand out from the rest of the crowd when making an offer!
1. If you need to sell your home to raise funds for your new home, you will be most likely questioned about the status of your current home. Estate agents will want to know your position in the market, as selling can take a considerable amount of time. The housing market is currently very active. Therefore, sadly, it may be worth accepting the fact that any offers you make will be likely to be rejected until you have had at least an offer on your current home. If you are selling your current home via Houso, you can prove that you have already lined up your home for sale through our off-market option – list your home now even before you’re ready to move to get an idea of interest on your home, and even line up a buyer!
2. When buying a home, it is essential to have a Mortgage in Principle (MIP) in place. MIPs are a big step towards making the best possible impression with an agent. A MIP is a certificate issued by your mortgage lender which shows how much they are willing to lend you. MIPs are also known as ‘Decision in Principle’ or ‘Agreement in Principle’, depending on the agent. By having a MIP, you will be able to demonstrate to your agent that you can afford the property, that you’ve taken the steps towards securing all required funds and that you have done your homework.
3. Win the hearts of both the seller and your agent. Selling a home can be an emotional time, especially if the sellers have invested lots of time and money into a property. Not to mention the memories a home can hold. If you’re using Houso, you can message the seller directly and tell them how much you love their property! Sellers want to sell their beloved homes to people that will appreciate it as much as they did. If you’re using an estate agent, make sure that you are friendly, whilst simultaneously showing motivation and determination for a purchase. If you are on good terms with your agent, they may remember to call you when they next see a property that matches your requirements. If you have shown that you are motivated, they will know that you are not wasting their time! Therefore, they will be more willing to help you. In certain circumstances, agents will take a property off the market. This will only occur provided that both the agent and seller are certain that you are reliable and will make the purchase. Taking the property off the market decreases the likelihood of being ‘gazumped’ (when the seller goes behind a buyer’s back by accepting another offer from a different buyer). If you love a property you can negotiate and offer a deposit to seal the deal. This will reassure all parties involved that the sale is going through, making life a lot less stressful.
Good luck guys, we hope that you find your dream property on Houso! Download the app today and start searching for your perfect home!