There are a number of factors to consider when identifying the perfect buyer for your home.
First consider your own plans. Do you want to move quickly or do you have constraints or preferences to the timing of your move? Are you reliant on achieving the exact asking price or open to offers? Understanding your own needs will help you identify the best buyer for your property when you reach offer stage.
Other factors to think about when identifying the best buyer for your property are:
Their purchase position. Are they a first time buyer or have nothing to sell, or is their property not yet on the market or currently under offer? It is advisable not to accept an offer or to move further along the process until the buyer has sold their property.
Their motivation. Are they looking to downsize or upsize, perhaps they are looking to relocate to the area or wish to move due to school catchments?
How likely is their property likely to sell? If they have to sell a property before they can buy yours, is it likely to slow your sale down?
The chain. Lengthy chains can cause many problems. A good buyer will be up to date on the progress of their chain and will be actively monitoring and chasing for updates.
Their financial situation. Has the buyer a mortgage in place, or can they prove they have the cash available through bank statements or solicitors letter.
Their preferred timescale. Do they wish to move as quickly, or within the same timeframe, as you and will they be available to move when you want to?
Their situation. Has the buyer everything in place, including finances and legal advisors, to move forward with their purchase as soon as the offer is agreed?