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AIBU?

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Original poster

To be gutted we’ve lost the house?

159 replies

DisneyMadeMeDoIt · 24/10/2019 18:20

DH and I had been looking for our dream family home. I’m 17+3 and we need to move before baby comes (can’t stay here).

We finally found a horse we both ADORE! Our house has just gone onto the market (we live in a VERY popular area) has lots of interest and 5 cash buyer viewings booked this weekend (houses around here tend to sell within a week).

We had told estate agents for the new house all of this - there was one other interested party who had made a ‘VERY low offer’ and been rejected.

DH and I were going back to view this weekend - with parents and have agreed AIP with mortgage provider...etc.

So as long as we got an offer on ours this weekend (good chance we will) we were fully planning to offer- but we got a call this morning to say the other interested couple have made an increased offer (below asking price) and it’s been accepted.

We are gutted and feel like back to square one. Also a little surprised they didn’t postpone accepting this offer until after our scheduled viewing (they know how keen we are).

Anyway - EA says we can still submit an offer (as we have already viewed) and it will be considered but we can’t view again or show our parents 😒 disappointing

Is it worth holding out any hope for this house?
Is it worth submitting an offer?

We both just feel so deflated now

OP posts:
Original poster
DisneyMadeMeDoIt · 24/10/2019 18:20

*house

OP posts:
OkayGoooouuuuuullllll · 24/10/2019 18:22

You can definitely submit an offer still. If you're in a better position than them or have no chain they may accept for ease

SoupDragon · 24/10/2019 18:22

If you submit an offer it will end up in a bidding war and probably go to sealed bids.

It's probably worth it if you really love the house and are sure and you could still not get it.

AnyFucker · 24/10/2019 18:23

You haven't "lost" this house because you are not in a position to buy.

I don't get this making "offers" unless you are a cash buyer and don't need to sell your own ?

brummiesue · 24/10/2019 18:23

You are being a bit dramatic, you have been told you can still submit an offer so if you are sure it is what you want submit it. You can always show your parents once the sale is further along.

TerribleCustomerCervix · 24/10/2019 18:24

You can submit an offer, you don’t have anything to lose.

Did the estate agent give you any indication of why the vendor was so keen to accept their offer without holding out for your viewing?

misspiggy19 · 24/10/2019 18:25

You haven't "lost" this house because you are not in a position to buy.

^This. You are not proceedable. The other buyers are.

Passthecherrycoke · 24/10/2019 18:25

When you’re in an area like this you can’t mess around- you have to offer straight away. It’s just the way it goes I’m afraid. We had to make our offer within an hour of viewing this house

SmileCheese · 24/10/2019 18:25

I appreciate its disappointing but from their point of view you haven't sold your home yet or made even a low offer so you don't appear to be committed buyers. They probably want to sell quickly and cannot be expected to wait until after you've viewed again just on the off chance you make an offer.

hammeringinmyhead · 24/10/2019 18:26

If you had a couple view this weekend and say they wanted to bring their parents Monday, would you delay accepting an offer over asking price made on Saturday afternoon? YABU.

Passthecherrycoke · 24/10/2019 18:26

“I don't get this making "offers" unless you are a cash buyer and don't need to sell your own ?”

Why not? OP can make a higher offer to reflect her lack of readiness if need be. Or do you mean “offers” as in less than asking price?

ThatMuppetShow · 24/10/2019 18:28

Also a little surprised they didn’t postpone accepting this offer until after our scheduled viewing (they know how keen we are).

you know how many time wasters are around?
The seller got an offer that was acceptable to him, he would have been foolish to wait to reply.

The day you make a firm offer, you will realise how pissed off you will be if the vendor takes a week to reply! Either the offer is good, or it's not. Best way to lose a buyer is to mess them around by waiting for someone to do a viewing.

Also, mortgage on principle are not a firm offer, and sometimes the figures vary by a lot.

If you were keen, you wouldn't wait for the weekend. You are not proceedable anyway. It's annoying when you buy, but you will like that system when you sell yours!

ShirleyPhallus · 24/10/2019 18:28
  1. You haven’t lost the house - it was never yours in the first place and isn’t at all the same as people who spend a lot of money on surveys / legal fees just to actually lose the house
  2. Estate agents lie all the time. You have no idea what the other buyers were actually doing or their position.

Personally I wouldn’t want to deal with a seller prepared to let their buyers be gazzumped as they’re more likely to fuck you on other stuff so tread carefully if you do decide to offer

Mrsgogginsthe3rd · 24/10/2019 18:29

Definitely submit another offer!!

Do you know what’s been accepted. I work in property. It’ll only go to sealed bids if the other party can afford to keep going. I wouldn’t let that stop you.

If you love don’t fanny about and go in with the most you’re prepared to pay.

NovoJester · 24/10/2019 18:29

You haven’t lost the house. You are currently choosing not to submit an offer despite being given the option to do so.

AnyFucker · 24/10/2019 18:31

Why says you will sell your house quickly ? For all the vendors know you are asking far too much and will take months to sell

I would never accept an "offer" from someone who is not ready to proceed

Original poster
DisneyMadeMeDoIt · 24/10/2019 18:31

@Passthecherrycoke
We are in a desirable (sell within a week area) this house isn’t. Which is why we were surprised.

I know some people make offers before selling their home- DH and I didn’t.
However we are unsure whether the buyers who have been accepted are subject to a backward chain. They may have ‘sold’ their own property but be in a less ‘proceed-able’ position than us.

I just find it odd that buyers wouldn’t want the most they could get for a house. This couple sound as though they’ve come in low and made a bid just about accepted- DH and I wouldn’t have been much below asking

OP posts:
Mrsgogginsthe3rd · 24/10/2019 18:32

Oh sorry missed you’re not STC wait until you are then go in with your max offer if you still feel the same way.

BuddleiasEverywhere · 24/10/2019 18:32

I don't understand why you're surprised that the vendor didn't wait for you. Even if you did get an offer this weekend, you still might not have been proceedable. The person buying yours needs to be proceedable too.

SmileCheese · 24/10/2019 18:32

Definitely submit another offer!!

That's part of the problem the Op hasn't actually submitted any offer she just says she will if they get an offer on their house this weekend and once her parents have seen it. As a seller that wouldn't exactly fill me with confidence that the OP and her DH were serious buyers.

AnyFucker · 24/10/2019 18:33

You are not proceedable if you still have a property to sell that is not at least under offer

Original poster
DisneyMadeMeDoIt · 24/10/2019 18:34

I wonder if DH and I have made a mistake waiting to accept an offer on ours before offering on this house.
We ‘could’ put an offer in based on our AIP but for the sake of a week (and hopefully an offer on ours) it seemed more reasonable to wait and be able to say ‘we have a cash buyer for ours and here is our offer’

OP posts:
joffreyscoffees · 24/10/2019 18:35

You can't have lost a house you haven't put an offer in. Absolutely no seller is going to hold out for someone to 'maybe' put in an offer when they have someone with an offer and in a position to proceed Hmm

SmileCheese · 24/10/2019 18:37

This couple sound as though they’ve come in low and made a bid just about accepted- DH and I wouldn’t have been much below asking

You cannot possibly know that. Maybe they decided to make exactly the same offer you would have made because they realised that others were interested in the property. You also don't know if they are chain free or cash buyers so even if you did make an offer you might not be as proceedable as they are.

ThatMuppetShow · 24/10/2019 18:38

DH and I wouldn’t have been much below asking

but as you haven't made any offer, the choice of the vendor is
_ offer of x amount vs ... nothing.

If you express your intention to do further viewings, you haven't decided to buy the property yet. Fair enough, it's the biggest purchase of your life, but if you wanted to buy, you would have offered.