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Can you make an offer on a house without yours being on the market yet?

(16 Posts)
MarkStretch Mon 02-Nov-09 08:49:12

Well can you?

titfertat Mon 02-Nov-09 08:50:20

you can, but it's very unlikely to be accepted - many (or most?) buyers won't accept an offer until your own property is under offer

ABetaDad Mon 02-Nov-09 08:53:44

You can make an offer on someone elses house without your being on the market but the vendor's estate agent will ask you if you have sold your own home to assess how likely it is that you wil be able to go through with your offer.

A lot of people will not put their house on the market without having found and had an offer accepted on another house. This is why the market has frozen up though as few vendors will accept offers without the other person payng full asking and also havng sold their own home. On the other hand few buyers will put their own home on the market without having found a house to buy. Its chicken and egg.

MarkStretch Mon 02-Nov-09 08:56:01

Ok so we have found a house which we love, and it is on the market for less than we believe our house will sell for (ours is being valued tomorow).

The couple in the other house are elderly and moving into a new build retirement home, so there's no chain that end.

They lived in the house for 43 years and were delighted we might also make it a lovely family home. Oh and they cuddled our baby a lot.

This is good, yes?

Fizzylemonade Mon 02-Nov-09 09:03:20

Yes you can. But let's put the boot on the other foot, would you accept an offer on your house from someone whose house isn't even on the market? Or would you want someone who had sold theirs?

Even if they accept your offer, if someone else came along, another family with a baby for them to cuddle and were chain free or a cash buyer they would probably take that offer instead of yours.

We have seen a house we want, they know we want it but until ours is sold we won't be making any offer on it.

MarkStretch Mon 02-Nov-09 09:05:02

Bollocks. I really want that house.

jellyhead Mon 02-Nov-09 09:11:11

Message withdrawn at poster's request.

rebl Mon 02-Nov-09 09:19:16

You can but tbh if it was me I wouldn't accept it. If I'm on the market I'm on the market to sell and I'm afraid I'm not going to wait for others to sell. I will go with the person who can proceed.

Wigeon Mon 02-Nov-09 11:20:03

Agree with the others. As a recent seller, we received one offer close-ish to the asking price from someone who was very keen on the house (parents live 2 doors down) but whose own house was only just about to go on the market, and then received another offer £5k less that the first offer, but from people who were in rented and ready to move. So we accepted the lower offer because we knew the buyers were ready to go.

Sorry - not the advice you are looking for!

MyNameIsInigoMontoya Mon 02-Nov-09 11:58:43

Well you COULD just get lucky in a case like that - it really depends whether they seem in any kind of hurry to move? If they have really no time pressure, and you can get yours on the market FAST then it's just possible they will wait for you.

In normal circs though I would say not much point as you are v. unlikely to get it accepted - in fact I found a lot of houses wouldn't even let you view unless you had sold your own house already!

jalopy Mon 02-Nov-09 19:20:33

Yes, you can. It's not an ideal situation to be in but if you are lucky, it can work out.

We did just that!

RealityBites Mon 02-Nov-09 19:23:04

Message withdrawn

displayuntilbestbefore Mon 02-Nov-09 19:23:48

You can but don't get hopes up because if someone else offers who's in a better position, any sensible seller would go with them.

mumof2222222222222222boys Mon 02-Nov-09 19:48:35

Agree with can do it, but it might not work.

We had accepted an offer on our house about a month ago, and made an appointment to see a house. Before we saw the house, we were told that our buyer couldn't get a mortgage and the sale was off. We liked the new house, made an offer....but were open about the situation.

Reality is that if someone else comes along who is in a position to move quicker than us, the sellers will go with them.

RTKangaMummy Mon 02-Nov-09 20:01:13

Message withdrawn

MarkStretch Mon 02-Nov-09 20:51:09

The elderly couple aren't in a hurry to move as their new property won't be ready until mid January at least.

Went to see the Estate Agent today who said he would keep our offer until ours was on the market and then make it if we wanted him too. He did ring the couple though and tell them that we were very, very interested and loved the house.

Currently wildly cleaning for valuation tomorrow.

Here goes!

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