Transcription
When I offer on a property site, often it will be accepted instantly before anybody else, and my offer will be accepted even if I'm offering lower than other people. And that's because I always will offer in a certain way.
See, most amateur investors, they'll just offer. They'll be like, "Oh, my offer is £325,000." That's fine. But what I'll do is I know that it's not about who's offering the highest, it's about the strength of the offer.
So I'll offer £300,000, but I'll include an attachment with my proof of funds, my correspondence address, my photo ID, my solicitor's details. And if I'm getting a mortgage, I'll also include my mortgage decision in principle. Now this is really easy to get these things.
But the thing is, when you offer for land on a property, but you include those things, now it's a strong offer. Because what would you rather accept? £300,000 now, ready from a serious buyer, he's got his solicitor's details, he's got everything ready, he's got his proof of funds, or 325, but might not happen, might fall through. We don't know who the solicitor is. We haven't seen any proof of funds. Which one are you going to offer? Often you're going to offer 300.