"The Easy Way to Get Your Best UK Mortgage" |
|
| Helping
over 300,000 people a year find the right mortgage NINE YEARS ONLINE |
|
|
|
|
||||||
|
|
Home Buying Guide
Click for Full Contents
Making
the offer / Negotiating the price
Click for Full Contents
Sealed Bids
If several buyers are interested in a property, the offers may have to be made through sealed bids. This is where you all put your offers in writing and they're supposed to opened at the same time.
If you get involved in a sealed bid, aim to go a little higher than your competitors. Depending on the circumstances you'd probably want to offer more than the asking price. You want to stick out to the sellers.
Just above your competitors would be fine. But beware of bidding too high as sealed bids are known to lead to people paying well over the odds.
Don't bid a rounded figure but try an odd amount, eg £100,101 will be more effective eg than a rounded £100,000. The point is to avoid a tie with the other bidders.
Don't forget to put "Subject to contract and without prejudice" at the top of any letters ie your written bid.
To read more on this subject please see the list below or your mortgage guide or your home buying guide
Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below
Contents of Making the Offer / Negotiating
Go back to contents of the Home Buyers Guide
Read about How to get a Mortgage
I've read enough for now and want to get a free Quick Mortgage Quote
Making the offer / Negotiating the price
Background
Negotiating
Sealed Bids
Protecting
your offer
Gazumping
Sellers' Packs
Save time money and effort with all the latest tips and trade secrets.
We tell you everything you need to win the race for that dream home... how to get your seller's Estate Agent onto your side... how to get properties for a 30% plus discount.. how avoid being gazumped at the last minute and more.
Click on your chosen subject below to access this invaluable FREE information.
Please note, this information is NOT necessarily RELEVANT in Scotland
Know
your enemies
How to Find Your New Home / Property
The Valuation and Survey
Sealed bids
Browse over 200 Free Mortgage TipsYour Complete Guide to UK Mortgages Find Out How to Win the Race to Buy Your Home - Home Buyers Guide Learn How to Save ££s by Remortgaging Read the Insider Info on Home Insurance Site Help |
 |  |  |  |
|
©Moneysorter Ltd. Office registered in England, Company Number: 3891081, VAT reg no 769 7245 74 Data Protection Register number Z4835056 Consumer Credit Licence 509896. This website is Approved by Cradon Investments Ltd Authorised and Regulated by the Financial Services Authority FSA No: 300505 |