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Making your offer
Once you’ve found the right home for you – know your position and make an offer! At this point you have had all your questions answered and you will be sure that this is the home you want to live in. You will know your position as a buyer, for example: how many weeks/days notice you may need to give to your landlord and how much you can actually afford to offer based on your DIP. You can make an offer by contacting the estate agent and telling the price you want to pay. Remember the estate agents job is to sell the property. The estate agent will then present your offer to the vendor (seller) who will decide if they want to accept, counteroffer or reject. (Usually before your offer is accepted, you will need to provide proof of a DIP/AIP/MIP that your broker will have already sorted for you. This is so that the vendor knows you can afford to purchase at the price you have offered.)