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House Sale Offer Should I Accept

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DONNA1458 | 18:18 Thu 01st Aug 2013 | Home & Garden
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I have had a first time buyer look at my property today and she has an offer in principle and asked if I would accept an offer on the house with this. I am not 100% sure what this is and if I should, the estate agents was shut by the time this happened could someone explain. Thanks
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Avatar Image tonyav
Tell the buyer to go through the estate agent tomorrow, if I were you.
18:21 Thu 01st Aug 2013
Avatar Image KJN
I think you will find that An offer in principle is when the builing society/bank offer a certain sum to a person for a mortgage, based on the info they have it is usually valid for three months. In other words the person has been offered a certain amount of money to buy a property in the future instead of looking for a house then appling for a mortgage.
19:41 Thu 01st Aug 2013
Avatar Image KJN
Sorry first line should read " building society" not builing"
19:43 Thu 01st Aug 2013

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