What do I need when making an offer?

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Offer verification:

To present your offer to the vendor you will require:

Written notification, please email the vendor if you have contact details (feel free to loop us in offer@iamtheagent.com) or message through our messaging service confirming: 

  • your offer amount,
  • your full address,
  • your financial position: mortgage in principle, deposit confirmation. Your conveyancing solicitors’ details.

 

We can help you with quotes from our partners L&C (the largest fee-free mortgage broker in the UK) and Premier Property Lawyers. Please feel free to call our team for assistance on: 0333 4441007

Financial Verification:

  • Please ensure you have a mortgage in principle as part of the seller due diligence we would suggest providing a copy of the certificate and your brokers contact for verification.
  • If cash is funding the sale, please send proof of funds: bank statement or similar.
    Chain verification, if you are selling a property at what stage you are in and the agents details for verification.
  • We strongly advise no financial exchange of cash should be made without legal advice and a full survey being carried out.

 

Conveyancing

The conveyancing process can be a long and arduous task if, you do not engage with the right legal representation. I Am The Agent will make recommendations based on our experiences with local and national specialists that are both highly effective and motivated to help clients complete the transaction in a speedy fashion. It is essential that your chosen solicitor maintains strong levels of communication with our sales progress or, yourself and the other solicitors always involved.

Please could you provide full contact details to our vendors or us of your appointed conveyancing solicitor:

  • Full contact name of your solicitor, email, telephone number.
  • Case number or reference


Client Support
I Am The Agent.com is an online estate agency, where clients pay a one-off fixed fee to market with us, the level of service/support to the property owner varies. We may not be contracted to assist with the sales negotiations, however we are happy for you to include us in the offers. We are on hand if you have questions and depending on the level of support the vendor has selected and paid for we may be processing the sale to completion. If we are not, we strongly suggest requesting all the buyers information for your own records: full address, ID and contact details, so you can contact each other swiftly.

Buyer information:
You will need to request a memo of sale from the vendor (property owner). This is a document with all the information of both parties to pass on to your solicitors to start the process. So, in return for your information you should request an email or letter confirming from the owner or developer stating:

  • Acceptance of your offer
  • The property owners’ full details and contacts
  • Completion date to aim towards
  • Full solicitors’ details and contacts
  • Proof of ownership: mortgage statement, council tax
  • ID such as passport or driving licence

 

On receipt of this we suggest looping in all parties with the information to start processing. The solicitors will then start the process and necessary verification. Your mortgage company will organise a survey, you may want to at request a more detailed report, which will give you peace of mind. WE can help you with a surveyor within your area just call 0333 4441007.

In compliance with the Estate Agents Act 1979, we are bound to comply with and act in accordance with that legislation specifically with our client's best interest at heart, but naturally we also have a care of duty to you as a buyer as well. As a nationwide online estate agency our experience shows that everyone will mutually benefit from a speedy and diligent transaction, if we have the complete cooperation of all parties including, but not limited to; sellers, buyers, estate agents, solicitors and mortgage brokers. We therefore respectfully request that you inform ALL parties involved with your part of this sale, that you are all available for regular updates to assist in the progression of the sale.

I hope this is helpful and for further information please do contact your legal adviser.

 

 

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