Unlock the Secret to a Successful Sale: Why Knowing Your Buyer’s Position is Crucial When Selling Your Thanet Home

It’s an exciting moment when a buyer puts a good offer on the table. After all your hard work to prepare your home for sale, it feels like everything is finally falling into place. But before you agree on a price in a rush of giddy delight, it’s important to ask a few questions – especially if more than one buyer is interested.

This is because you need to understand a buyer’s position to evaluate how good an offer really is. While price is obviously a massive factor in deciding who you sell to, it’s not the only issue to consider. Your goal is to turn a good offer into a completed sale, so you need to do some digging.

Finances

Can the buyer demonstrate how they’ll fund the purchase? Do they have proof of deposit and a mortgage deal in place? Or are they a cash buyer? These are helpful questions to help you weed out timewasters. Unfortunately, some buyers get carried away and make promises they can’t keep. Others jump the gun and talk about money before doing their sums or speaking to lenders and, as a result, overestimate their budget.

Timescale

A successful sale is like putting together a jigsaw puzzle; you need to get all the pieces in place. If you’re in a chain, knowing what timescale your buyer is working to is critical. Otherwise, the seller of the property you’re buying may grow impatient if you can’t complete quickly enough. Alternatively, if your buyer is desperate for a speedy deal and you’re selling a probate property, you may be working to conflicting timescales.

Motivation

Knowing why your buyer is moving will help you assess if they mean business. For example, are they moving to be closer to good schools, family or work? It’s also worth gauging how long they’ve been property hunting and how well they know the local area. If a buyer has yet to list their property, sort their finances or instruct a solicitor, there’s a good chance they like the idea of moving more than the reality of it.

The Importance of Professional Guidance

Here at Cooke & Co Estate and Letting Agents, we can take some of the stress and uncertainty out of selling your home with our experienced sales progression team headed by Ms Victoria Field. Our team will help you evaluate potential buyers thoroughly to ensure a smooth transaction. We’re here to help – contact us today to learn more about how we can assist you in achieving a successful sale.

About Cooke & Co

Cooke & Co, a liked and respected estate agency trading since 1992, is conveniently situated in the picturesque seaside district of Thanet. We proudly operate from our local offices in the region's primary towns, namely Margate, Broadstairs, and Ramsgate. Additionally, our extensive reach encompasses the charming areas of Westbrook, Westgate, Birchington, Monkton, Manston, and Minster. Our presence in these diverse locales enables us to offer an enriched understanding and comprehensive service to the property market in these prime coastal towns and villages.

Contact our offices at the following numbers:

• Margate Office/Area: (01843) 231833
• Ramsgate Office/Area: (01843) 851322
• Broadstairs Office/Area: (01843) 600911

Visit our main website at www.cookeandco.com or contact us via email at enquiry@cookeandco.com. If you would like a free instant valuation of your home, then visit our free instant valuation site.