Hiphipho · 07/09/2020 10:55
Is an official ‘offer form’ a thing? We are on the market and agent has been saying since Thursday of last week that a couple are planning to make an offer..
Having phoned this morning, been told yes they are but are waiting for them to complete the form? We have always just phoned up and verbally offered so never heard of this! I’m abit suspicious the estate agent is stringing us along now to be honest!
Fennelandlovage · 07/09/2020 12:06
Behave had to fill these out recently so think they are a thing. You have to outline your financial position etc so better for due diligence although a free verbal normally fine in the first instance.
ShellsAndSunrises · 07/09/2020 12:21
It's an estate agent thing, I believe, rather than an industry practice. We've had to do one once - they wanted details of our financial position and how proceedable we were, as well as when we'd like to move etc.
Most estate agents round here don't seem to do them, but one big one does. I'm not sure how well used they are across the board.
I'd be a bit about "planning to make an offer", though. Surely they've either called to make an offer - in which case the form has been sent, but surely the EA knows the details of the offer - or they haven't made an offer and just seemed interested?
FAQs · 07/09/2020 12:25
I’ve got an offer in a house currently and had to complete a form, they wouldn’t put it to vendor until they had details re money laundering regs and financial situation.
movingonup20 · 07/09/2020 12:48
There's a form now, you have to list how you are funding the purchase, your solicitors name etc. then confirm your identity. The estate agent had to check it all out before the offer is official. Form took about 15 mins to complete
Hiphipho · 07/09/2020 12:51
Ah ok so it seems it is a thing! I just find it abit counter productive..the agent apparently doesn’t know the figure so it could be something ridiculous which we wouldn’t accept. Surely a quick phone call in the first instance makes more sense
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