In a nutshell - DH and I had an offer accepted on a house earlier in the year (only 2% under the asking price), the seller was aware that our house hadn't sold and that we were putting it on the market. Estate agent told us they would give us two weeks to sell our home and were therefore stopping viewings and offers for two weeks. Unfortunately this turned out to be a lie as just over a week later it emerged that viewings had still be going ahead, we'd been gazumped by a cash buyer and the agents didn't even have the courtesy to tell us. (I found out from a mutual friend who knew the vendor). Suffice to say DH and I were really upset by this experience and decided not to continue marketing our house as we didn't want to sell and then feel pressured to find somewhere.
Fast forward to now; Covid has happened and we've had our house on the market for 2 weeks, had 7 viewings but no offers so far (I think first time buyers struggling to get mortgages due to the pandemic really hasn't helped our situation as our neighbours' identical new build houses both sold very quickly this time last year).
We've found a house that literally ticks all of our boxes, it's a lovely location that we know, and if on viewing it's as good as it looks on paper then we are really keen on this house. We've got the first viewing slot on it this weekend so will be the first to view. We're aware that the full guide price stretches our budget (but is just about doable). It's new to market, there are 13 other people booked in to view after us, and although it's a quirky house I suspect others may well love the quirks as much as we do. Therefore we kind of feel that although it's not ideal from our position, if we like it on viewing the only shot we'd realistically have at securing it would be to go straight in at asking price on the condition that it came off the market immediately. I was wondering if anyone else has done this or something similar and how they negotiated it? WE've never done it before and always offered under and then negotiated up. Part of me thinks offering the guide price is our "best" route, another part of me wonders if the agents would then just use our offer as a springboard to try and generate higher offers from other viewers. Also, when is the best time to submit an offer in this case - not immediately after the viewing I'm sure for the reason above... but near to end of business on that day? I hate negotiating house purchases!
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Considering offering guide price straight away - what would you do?
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mummabubs · 08/09/2020 22:24
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