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MBQ
 
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"nightjar" wrote in message ...
"MM" wrote in message
...
My buyer is obviously very keen, as he has already ordered the
surveyor for tomorrow morning 8:30 am!


Either that, or he does not know whether the mortgage company will approve
the loan and wants to get an answer as soon as possible.

I intend in the next day or two to view some properties in my selected
area. As one of them has already had considerable interest expressed
in it (allegedly!), would I be being stupid by putting in an offer as
soon as I have seen it? Or should I wait until my buyer's surveyor has
reported back?

Does an offer have to be in writing at the first instance or can I
confirm in writing on my return? How will the estate agent of the
target property know that I am genuine?


He will know you are genuine when you put down the 10% deposit. Until then,
you are simply a potential buyer - creatures who come and go without #


In five house purchases, I have only once put down a deposit.

Only the bottom of the chain put down a deposit these days. That is
then passed along the chain and you are not held liable for your 5% or
10% (whatecer you agrre to) until exchange of contracts.

MBQ


 
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