For more information visit the Central Bank of Ireland’s website. Writing a house offer letter that knocks the seller's socks off can help you stand out in a competitive environment. Our offices will be closed from 11am on Thursday 24 December and will reopen at 8.30am on Monday 11 January. when it comes to setting the asking price, taking location and demand into You can’t buy a house without first making an offer on it. The process of making an offer on a house is relatively simple, and it boils down to just 3 (or 4) simple steps: In an ideal world, the asking price would First-time buyers have an advantage here as they are not tied up in a property chain and can move quickly. If your first offer is declined, you can go If they accept, you’re good to go! every house sale, and while you may be willing to pay the asking price for your Also, discuss your offer directly with the seller if possible. It’s easy to get caught up in wanting the seller to accept your offer, but remember that, when making an offer on a house in Australia, you’re the one with the upper hand. if you can afford it). Your estate agent should be able to give you some indication of set your heart on a property until the contracts are exchanged. 5. The survey will help highlight any issues you may not have been aware of when you made your offer. By continuing to browse this site you are agreeing to our use of cookies. Then, if another buyer comes in at $255,000, you’ll automatically offer $256,000 to secure the deal, without going over the maximum amount you’re comfortable spending. Normally the price of a property has a certain amount of leeway built into it so it is usual to initially offer less than the asking price unless the market is buoyant and you want to try and quickly agree a deal. A purchase offer, also known as a purchase agreement or letter of intent to purchase, is a legal document that outlines the price you’re willing to pay for the home, how you intend to pay for it, and other key terms of the transaction. All rights reserved. willing to accept. Blog » Advice on moving home in Northern Ireland » Advice When Buying a Property in Northern Ireland » Property advice when making an offer on a house in NI. To make sure this doesn’t happen, be as clear as possible with the seller or agent and keep communication open! With your offer accepted, you are one step Having done your research, you’ll have a It’s a tough market out there today for Irish home hunters, and you shouldn’t so if a price seems too good to be true, you can pretty much guarantee that the An agent is required to be transparent with you and will let you know if there are other people that are interested. You can then go in with your own offer for an amount you can This offer is on the basis that the property is taken off the market immediately and is subject to survey and valuation. You’ll speak to your real estate agent and, together, you’ll decide what your offer will be. a home in the capital or a high-demand area, you should start looking at The seller absolutely needs to make the sale: you can walk away at any time. Copyright © Propertynews.com 2017. All rights reserved, Advise your real estate agent that you want to by the house, If your offer is accepted, hire an experienced solicitor, If your offer is not accepted, go in with a higher offer (but only consideration, and the price listed is often much lower than the owner would be Make sure it is clear that your offer is made subject to survey and contract; this means you will not be legally obligated until your survey has been affected and you have signed the legal contract through your solicitor. For example, if your surveyor finds that the roof needs to be replaced, you could change your offer to account for this, or decide not to buy. Putting an offer forward to purchase a house is a big step and can be quite daunting, especially as it’s likely to be one of the most expensive transactions you’ll ever make.