In order to submit an offer, you will first need to create an account by providing your contact details. This requires you to verify your email address by clicking an activation link that we’ll send to you via email.
You will also be asked to verify your mobile number so that we can easily contact you if necessary. Once you have completed your account registration you will be asked to complete some additional authorisation steps before you can make an offer, as detailed below.
You will be asked to read and accept our Terms and Conditions for buying via the Committed Buyer service. It is imperative you read and understand the terms set out within the document, as you will be contractually bound by them in the event of your offer being accepted by the seller.
In order to submit an offer via the Committed Buyer service you will be required to register a credit or debit card for the Buyer’s Premium and legal pack fee. The total fee payable will be clearly displayed on screen when registering your card. Please note that these amounts do not go towards the purchase price of the property.
We use Sagepay who provide a secure, online card registration facility, and they will attempt to authenticate your card with your card issuer. If your offer is accepted, the Buyer’s Premium and legal pack fee will be automatically debited from your card.
Please note that no card details are ever stored on our servers – the debit transaction is fully administered by SagePay.
Prime Estates are required by law to carry out an online anti-money laundering check on all persons wishing to place an offer using the Committed Buyer service. You will be asked to provide information to verify your identity, including your date of birth, addresses for the last 3 years and at least one of passport, driving licence or national insurance number. Additional information and documents may be requested.
This check leaves a ‘soft footprint’ on your credit report but should not affect your credit rating.
In general terms, you are strongly advised to view the property and take advice as to its condition and suitability. You should also ensure that you thoroughly read and understand the legal pack and any other associated documentation available online and take proper legal advice accordingly. Finally, you must ensure that you understand the contract you are entering into, and the financial commitment that you will be liable for should you be the successful purchaser.
Once you have successfully completed the authorisation process you will be redirected back to the property details page. An offer window will become visible, in which you can set your preferred offer amount using the offer increase (+) and decrease (–) buttons provided on screen. When you have chosen your offer amount, click the ‘Confirm Offer’ button. You will then be asked to confirm that you:
Once submitted, a message will show on screen to confirm that your offer has been sent to the seller for consideration. The seller will have a maximum of 3 days to either accept or decline your offer, and you can modify or rescind your offer at any time until they have made their decision. You will be notified by email as soon as a decision has been made.
If the seller decides to accept your offer then we’ll be in touch to discuss the next steps, and we will proceed to take the Buyer’s Premium and legal pack fee from your registered credit or debit card. The property will be sold on a ‘Conditional’ sale contract, meaning you have gained the exclusive ‘right to exchange contracts’ on the property within the prescribed time frame – usually 90 days from receipt of draft contract, but this will be confirmed in the terms and conditions of sale and/or legal pack. This gives you additional time to carry out surveys and secure mortgage finance before exchanging contracts, whilst the vendor undertakes not to sell to anyone else during this period.
Note that you may also be required to pay Stamp Duty on the Purchase Price and Buyer’s Premium. You may also need to appoint a solicitor to act for you in relation to the purchase if you have not already done so to inspect the legal documents prior to making an offer. Finally, if you are taking out funding to purchase the property then you may incur additional fees from your lender or broker.
Our unique committed buyer service helps protect your sale from falling through, dramatically reducing the risk to under 5%!
Having the buyer pay a non-refundable reservation fee upon you accepting the offer demonstrates they are serious - improving the chances of the offer being accepted. This puts the control in your hands, reduces uncertainty and maximises efficiency.
The buyer will also be provided with a legal pack full of useful information upfront. Buyers can therefore make an informed offer, buy and move with confidence.
The pack includes:
Once Buyers and Sellers have agreed a sale, a completion date will be agreed so both parties can start preparing to for a smooth and stress free move.
Provides a more secure method of
sale for motivated vendors
Completion
timescales cater
for vendors involved in an upward chain
Free option
for vendor
Windleaves Road, Castle Bromwich, Birmingham
Instructed agent originally by private treaty >> Numerous enquiries and proceedable buyers wanting to offer >> Best and finals set for 2 days after first open day >> Agent recommended committed buyer to seller to secure sale after best and finals >> Buyers informed a reservation fee would be required to secure the property >> Acceptable offer received >> Buyer reservation fee paid
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