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Putting in an offer , before house is sold???

6 replies

dreamaway · 29/05/2008 00:53

We have recently decided to move and our house is going on the market next week.
However we are going to view a house tomorrow that we really think is the one for us, we have seen the photos the outside and looked through windows and we really do like it.
It was a new build about three years ago but has never been lived in due to problems that have now been resolved. It is unbelievebly cheap for the area we are in and just come back on the market from the builders who originally built it.

Do we have to wait until our house is sold before putting in an offer on this one?
Or can we offer as soon as our house is on the market and hope we get a buyer pretty quick? Will the builder wait if we offer full asking price?

Does anyone Know????

I would really hate to lose this house as i am sure we are going to love it even more tomorrow. Normally we wouldn't be so premature in looking for a house but it took us 10 months of looking until we found this one, i cant believe i found the new one in a day!!

OP posts:
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beansprout · 29/05/2008 12:08

You can put in an offer but they do not have to accept it. They could take it off the market for say, 2 weeks, to give you time to receive an offer on your property, but it's also reasonable of them to prefer an offer from someone who can start the whole process of moving quite soon.

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twinsetandpearls · 29/05/2008 12:28

My house has gone on the market and I would not accept an offer from someone whose house is not even on the market.

When we bought our present house we put in an offer and then our sale fell through meaning we had to get another buyer and it was one of the most stressful experiences of my life as the people we were buying from wanted to start again with a new buyer.

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PixelHerder · 29/05/2008 12:43

You don't have to wait, but most people would advise you to as your bargaining position is much weaker - and as others have said, a lot of sellers won't accept offers at all unless you are proceedable.

Having said that, this house is presumably unoccupied, and so not owned by anyone depending on a sale to buy their next house? The builders may be desperate to sell and would consider an offer, however you may risk them accepting a higher offer from someone else in the meantime.

BUT - you haven't viewed this house and may not like it so much anyway once you have. Also consider very carefully why it is so cheap, have all teh problems definitely been resolved?

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MrsBadger · 29/05/2008 12:46

We offered on a house before ours was sold but we had the capital to run both houses for 3m if need be, so we were still 'proceedable'.

I doubt they'd have accepted our offer had we not been, but they were a family who had to have the money to buy the next house etc, rather than a builder who has no chain.

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cathers · 29/05/2008 13:23

We recently decided to move. Saw a house we loved, new build, viewed it, loved it more.
Put in an offer of full asking price, ( our house was going on the market the next week), and offer was accepted.

Builder then would not remove house from the market. Within 48 hours someone proceedable came along, and with a slightly lower offer, and ending up buying the house.

You can put in an offer but it may be rejected if someone else comes along who is procedable. Two months on we are still trying to sell - apparently houses now take on average 3-4 months to move. We won't be viewing, let alone offering until we have secured a buyer.

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RubySlippers · 29/05/2008 13:26

IMO and IME you need to be in a position to proceed

BUT, your OP rang alarm bells - are you sure the problems have been resolved. A new build should, theoretically, be in good knick

if you decide to go for it, then get a full, structural survey, not just a valuation one (about twice the price but will flag up major issues)

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