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Agreeing on the price of a house is a negotiation. This is normally done by the estate agent, but being a private seller means that you will need to do this yourself. Be aware that an initial offer is usually between 5 and 10 per cent lower than your asking price, so you may have to give a little with regards to the amount you'll accept. However, you are the seller and therefore in a stronger bartering position.
Always try and find out your buyer's position, and take your time to consider offers made. It's perfectly acceptable to take a couple of days to think things over.
Once you've accepted an offer you need to involve your solicitor so that they can start the conveyancing process. You need to let them have the contact details of the buyer, the contact details of the buyer's solicitor, and a list of items included in the sale.
It is also good form to send a letter of confirmation to the buyer. State all the agreed details of the sale including the price, expected dates for exchange and completion, and again the list of items included in the sale. This document is not legally binding, but it doesn't hurt to add an official feel to the proceedings.
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