Handling Offers

Question 1

Receiving an offer from a buyer is an enjoyable moment for an Estate Agent. How you handle the next steps has a significant impact on…

Answer 1

…whether the offer will be accepted.

Question 2

After discussing each offer received with your client & mutually agreeing on the next steps, what do you need to do?

Answer 2

Enter negotiations on their behalf.

Question 3

Property chain?

Answer 3

A sequence of property sales that must all happen at the same time.

Question 4

Which 2 things will the seller expect you to give them when handling offers from buyers?

Answer 4

1.) Information on how qualified the buyer is.
2.) What sort of property chain (if any) they would be in if they accepted the offer.

Question 5

The buyer needs to be fully aware of the costs associated with running the property to…

Answer 5

…ensure it is affordable for them.

Question 6

The cost estimates will form part of the buyers…

Answer 6

…mortgage application process.

Question 7

In the UK deposits are generally reserved for rental property contracts whereby the deposit protects the landlord in the event of…

Answer 7

…property damage or unpaid bills.