Back to Home

STOKE NEWINGTON 

63–65 Stoke Newington Church Street,
Stoke Newington, London N16 0AR
t: 020 7254 9709

SafeAgent
ThePropertyOmbudsman
TradingStandards
© 2025 Next Move
Privacy Policy|Terms & Conditions|Cookie Policy|Certificates & Fees|In-House Complaints Procedure
Powered by
    Call us
    T: 020 7254 9709E: n16@nextmove.com
    Get a Valuation
    Register
    Address required
    Search
    Logo
    63 – 65 Stoke Newington Church Street,
    Stoke Newington,
    London N16 0AR
    t: 020 7254 9709
    LogoLogo
    Sales

    2022: the year of the power buyer

    over 3 years ago
    2022: the year of the power buyer

    We’ve had power dressing, the power lunch and even power walking but have you heard about the power buyer? It’s a phrase recently used by property portal Rightmove to describe purchasers who are in the strongest position possible.

    As we move into 2022, becoming a power buyer will increase in importance. Expert forecasts for the months ahead are in agreement – moving activity will continue, buyers will face competition from rival purchasers and sellers will prefer offers from those who can proceed without drama and delay. Have you got what it takes to be a power buyer?

    The value of the offer is important….

    As well as reflecting a home’s value, finish and desirability, the asking price will play an instrumental role in the owner’s next move. In almost every case, the seller’s onward purchase and potentially how much money they need to borrow will hinge on the offer they accept. A power buyer will offer as close to the asking price as fairly possible.

    ….but it’s not everything

    As an estate agent, it’s highly unlikely that we’ll encourage sellers to accept the highest offer without investigating the potential buyer’s wider circumstances. One of the first questions we ask anyone hoping to view a property is ‘do you have a property to sell?’. If the answer is yes, we’ll ask if the property is under offer.

    These questions relate to time and proceed-ability. A power buyer will already have their home under offer so they’re ready to hit the ground running and won’t risk delaying the transaction. Remember, even if a buyer offers way over the asking price, they may be overlooked if their own property isn’t on the market and this can draw out a transaction for weeks or even months. 

    It’s behind you

    A chain, that is. Power buyers realise that getting caught up in a long chain isn’t what any seller wants, so they make themselves as chain-free as possible. Of course, first-time buyers are naturally chain-free but some power buyers will sell their own property and move into rented accommodation as a temporary measure. This makes them chain-free when they decide to make their next purchase.

    Money matters

    Some of the most powerful buyers are those who can purchase with cash. By having money in the bank, they sidestep the mortgage application process and remove the risk that they may be turned down for finance. For a seller, a cash buyer represents a quicker, simpler transaction. 

    The majority of buyers, however, will need a mortgage to purchase a property but there are two simple steps people can take to move them into the power buyer category. The first is to have valid evidence of your deposit and the second is to have a mortgage agreement in principle. Both of these should be in place before a buyer starts looking for a property.

    Be authentic

    Sellers will sit up and take notice of purchasers who are sincere, open and reliable. That means turning up to pre-booked viewings (preferably on time), putting forward sensible offers and not making outlandish demands. Building the best ‘power buyer’ picture also includes having a solicitor instructed when an offer is made, showing flexibility when it comes to a completion date and taking a genuine interest in the property for sale. 

    If you would like more advice about how to become a power buyer, contact our team today.

    Share this article

    More Articles

    5 signs you can add value through remodelling or renovation

    5 signs you can add value through remodelling or renovation

    Published 19 days ago

    Do you purchase property with one eye on adding value and potentially selling on for a profit? If so, you may be wondering whether that’s still achievable in 2025. 

    Read More
    Title deeds v. Will: which legal document matters most?

    Title deeds v. Will: which legal document matters most?

    Published about 2 months ago

    It’s easy to get caught up in the hype of buying a property – especially if it’s your first home – but there are some important details you should take time to consider. The ownership structure is one of them. Go into this ill-informed and it’s a decision that could come back to haunt you – literally!

    Read More
    What’s the deal with commonhold flats?

    What’s the deal with commonhold flats?

    Published 2 months ago

    The days of leasehold flats could be numbered if the current Government gets its way. While the proposed Leasehold and Commonhold Reform Bill - which would ban new build flats being created as leasehold properties - has been frequently written about, very few column inches have been given to its replacement: commonhold.

    Read More

    Sign up for our newsletter

    Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.

    You may unsubscribe at any time. See our Privacy Policy.