I'm a first time buyer and have had some really bad luck so far trying to buy a house. House 1, I paid for home buyers and structural engineer report and it all fell through at the last minute. House 2, my offer was accepted and then a cash buyer bought it two days later.
House 3 I went to see yesterday and I love it. It's under my budget, close to schools and big enough for me and DC's. It's priced between 150k and 160k and I put an offer of 160k in but the estate agent told me someone already offered 155k and the bids will be put forward on Monday and we will have an oppertunity to put in our best and final offer.
I really want this house and there has been alot of interest but I don't want to end up offering more than its value and then not being able to get a mortgage. I was thinking of offering 175k but scared this won't be high enough (or too high and I pay 10k more than I need to).
Has anyone been in this situation before and how should I play this? Did I mention I REALLY want this house?
TIA
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Bidding war. How should I play this?
47 replies
Jaffacakesaremyfave · 01/12/2019 13:43
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