If you are in the final stages of buying a house, then it is time to make a formal offer. This offer must be done in writing so that it is legally enforceable. Keep your original amount in your mind, and decide how much higher than that figure you are willing to go as a maximum. If you are a first time buyer, an estate agent will tell you that you have the advantage of not being part of a chain which will put you in strong position in the eyes of a seller looking for a quick sale.
You should also be aware of what is going on in the market at the time. If it is a buyer’s market, you may be able to offer less than you previously expected. Find out as much as you can about the seller such as whether they have already found another property. If they are trying to sell a house but are in a hurry to move because they have a job starting soon, you may be in a position to negotiate a better price. Also if the property has been on the market for a long time, there is a good chance the seller will accept a lower offer.