Dear Estate Agent,
RE: XX Address of the property with the postcode.
Many thanks for the counteroffer on the named property. I understand that my initial offer is probably a little less than what you are hoping for, but I would like to explain how I reached this amount, and also confirm that I am proceedable with the purchase.
As you are probably aware, I live in this area and in fact, currently share the same undercover parking and access to communal areas with the named property. Apart from being resident here with a sound knowledge of the management, I did some extensive research looking at the monthly cost of running the apartment.
As a leasehold flat, residents have had to deal with paying overpriced ground rent, inflated service charges with a grossly incompetent managing agent (which seem to change yearly) with no interest whatsoever in keeping costs down.
Having been in contact with several lenders, it is a fact that house prices have been affected by the availability of mortgage lending. With many people coming out of lock-down with reduced finances and concerns about proceeding in a global economy where the full impact of Coronavirus is still uncertain.
I am sure you can understand that this would be factored into any offer you receive.
Nevertheless, I have decided to increase my initial offer by £XXXX, you will certainly agree that this is a significant jump and a sign of my willingness to purchase the property. the increment brings the total offer up to £XXXXXX
It is probably worth mentioning that as a first-time buyer, I am not in a chain, and can therefore complete the process as quickly.
Thank you for your consideration of my offer and I look forward to hearing from you as soon as possible.
Kind regards,
Buyer
This could be sent as an email which automatically has a date on it.
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