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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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:
BuddleiasEverywhere · 24/10/2019 19:20

OP, there is not an EA in England who would have thought you were proceedable. It's not about where you live and I think you got the wrong end of the stick.

TatianaLarina · 24/10/2019 19:21

It’s straightforward: if you really really want a house you put in an offer immediately. Don’t wait. Owners may be in a hurry to sell. Want to get it done before Brexit etc.

MaybeitsMaybelline · 24/10/2019 19:22

I know i am missing the point but the relevance of being 17 weeks and 3 days pregnant is what?

Passthecherrycoke · 24/10/2019 19:24

She wants Move in before the baby comes

BarrenFieldofFucks · 24/10/2019 19:24

But you might not get a cash buyer anyway, you may well be in a chain

Original poster
DisneyMadeMeDoIt · 24/10/2019 19:25

@maryberryslayers

It may be different in other areas of the U.K. but in mine the EA’s don’t accept ‘I’m in a position to make an offer’ they directly ask EXACTLY what position you are in and if you try to be vague they push you for specific information.

They do have to take an offer to the seller if you make it - but they strongly suggest not doing this until you have an offer accepted on your own house. Some sellers will consider these offers but most won’t.

Given these sellers (Who need to move due to jobs relocating) have accepted an offer from people who have already sold their home I highly doubt they would over ride this for an offer (even a higher offer) made by us before we have an offer on ours.

DH and I have spoken, we intend to hold off until we have an offer on ours ( 🤞🏻Early next week) and then put in a strong offer and hope for the best.

Ofc we may end up in a bidding war with the other buyers - we don’t know their budget (only that they’re first offer was very low and second was accepted).

OP posts:
Panicmode1 · 24/10/2019 19:25

The last time we moved (never again!!) our house, also in a very desirable area, 'sold' within a week and we had an offer accepted on our 'dream home' a week later....it still took over 8 months to move, and not to the original house we offered on - our buyers pulled out on the day of exchange, we lost the house we were buying and had to start again.

As a vendor, I wouldn't accept an offer from someone who wasn't proceedable (ie had accepted a strong offer from someone - that means either a FTB, a cash buyer or someone with proven funds and an agreed timeframe). You weren't any of those things....

If you make an offer on the house you want, after you have an accepted offer on yours, the estate agent has a legal obligation to pass on the offer to the vendors - they can either reject it and stick with their original buyers or accept it, and dump the original buyers - in which case run for the hills because if they've done that once, they could do it again.....

ThroughThickAndThin01 · 24/10/2019 19:32

Passthecherrycoke they absolutely have to pass on every offer it’s the law. BUT the agent will be advising their client, the vendor, to take the best offer from the person in the best position. Is that going to be the person who has already put an offer in and is proceeding, or the op who hasn’t even got an offer on their own property yet 🤔

AlexaAmbidextra · 24/10/2019 19:33

I wouldn’t accept an offer from someone that wasn’t under offer themselves. Why would you? You have no idea when they’ll be in a position to buy.

ThroughThickAndThin01 · 24/10/2019 19:33

And of course they pass opinion on offers! It’s what they are paid for.

Andysbestadventure · 24/10/2019 19:35

Just put an offer in. If it's accepted you can view again and withdraw if you need to.

MaybeitsMaybelline · 24/10/2019 19:38

If the sellers are relocating for jobs you have you answer.

They want to get moved quickly, they may be moving to a cheaper area or getting a relocation package so can take a hit on the sale price to move quickly.

They wont want to going into a rental at their new location if they can help it.

ThatMuppetShow · 24/10/2019 19:41

I just tell the estate agents I'm in a position to make an offer. How are they to know you've had an offer on your house, say you have if it makes you feel better.

ahem... you do know that a decent EA actually checks these details?
That's what they are paid for! Even a cash buyer has to give at least a letter from their accountant confirming they are in position to buy the property - they don't need exact details of the financial situation, but at least that confirmation.

We will put an offer in as soon as we’ve received an offer but just wonder whether (even if we are higher and have a cash buyer) they will actually now choose us other this already accepted offer
I do hope they won't, it would be a very shitty thing to do, and I wouldn't trust such a seller! Fine to change your mind within 24 to 48 hours, it's annoying, but nothing has been done. Once people have instructed solicitors, paid for their mortgage offer and booked a survey, it's not on. It is legal, but it is very shitty.

BrendasUmbrella · 24/10/2019 19:46

I wouldn't hang about. You seem to be relying on getting an offer this weekend and maybe you will, but you don't know 100%. Can you afford asking price? Call tomorrow morning and make an offer if you love the house. Then hopefully you can call again on Monday morning and tell them you have an offer on your home.

Span1elsRock · 24/10/2019 19:46

We found a fantastic house, viewed but the EA wouldn't pass an offer on as we hadn't sold ours (even though it's on the market). We are able to borrow against our business premises but didn't even get chance to explain, it was a flat NO.

It's a shit system.

Don't even bother looking until you've got a firm offer on yours.

Equimum · 24/10/2019 19:46

Keep your house in the market, and if you get an acceptable offer, ask the estate agent if they think the vendors of dream house would consider a higher offer. If not, continue looking and perhaps move into rented if you can seek yours and it goes through quickly, so you are in a good position when you do find another house.

As for completion times, the last time we moved we were in a chain a bit like it sound like you would enter. We were selling a FTB type property, buying a large family home and our vendors were buying a new build. Should all have been straight forwards, but it ended up taking six months from us receiving an offer to moving.

Notodontidae · 24/10/2019 19:48

OP Thats the only way to be in the driving seat. The EA usually takes the first contact, and waits for them to put in a 2nd Bid. You've put yourself up against it by giving yourself a deadline of requiring it before baby is due. Buying the house is an important step, if you didn't get excited about the house, then your not getting into the spirit of it. Tell yourself oh-well, if the baby arrives so beit, look for another house but keep tabs with this one. Sell your house anyway, put you goods in storage, and stay with family. Remember it is better to have loved and lost than to have never loved, you can at least love again.

notangelinajolie · 24/10/2019 19:50

We sold ours recently and our EA advised us not to accept any offers unless the buyer was in a position to proceed. If you had made an offer on ours we would not have accepted it. So even if you had got your offer in there is no saying if it would have been accepted anyway.

I would suggest you still put your offer in tomorrow but be prepared for it to be rejected. The vendors have already accepted an offer which they must deem to be a good one - I doubt they are going to change their minds and accept your offer especially when you haven't sold yours yet.

However, house sales fall through all the time so don't give up. Keep your offer on the table - you never know.

I'm a firm believer that things happen for a reason. There probably is a better house waiting with your name on it - you just haven't seen it yet.

Preggosaurus9 · 24/10/2019 19:50

Offers aren't legally binding so yes you should make an offer immediately, no dicking about with second viewings. Can do second viewing after offer accepted!

But the main problem is you're not proceedable. Hopefully you will get sale agreed soon and be able to go ahead making offer(s).

Original poster
DisneyMadeMeDoIt · 24/10/2019 19:51

@MaybeitsMaybelline

We do know that they haven’t found a new house yet but are actively looking. So I imagine they do have ‘some’ time and maybe just want the security of an ‘accepted offer’ behind them.

If we don’t get an offer this weekend (from a cash buyer) then fair enough but if we do then we are in an equally good position to the other buyers - but just a week behind them.

We have several cash buyers coming to view this weekend - we understand they have been waiting for houses in this area to come available and most rang within hours of us going live in right move. I understand it’s not a done deal- but it’s equally not unreasonable for us to be hopeful for an offer !

I guess it’s just understanding how this offer having being accepted and the house removed from the market affects us.

DH has mentioned ‘if they blow off these buyers will they just blow us off too?’

We are eager to move as have baby on the way - so we are motivated sellers/buyers

OP posts:
QuiltingFlower · 24/10/2019 19:54

Keep calm. See what happens this weekend and if you find you are in a strong position keep talking to the Vendor’s agents. Don’t go all emotional, stay focussed and business like.

Also keep looking, you might find something you prefer....

Good luck!

AdobeWanKenobi · 24/10/2019 19:55

I'm assuming you're telling your potential buyers about the students both sides which you've been saying on here for a week stop you from sleeping with the noise?

SusieOwl4 · 24/10/2019 19:57

of course you can make an offer subject to yours being sold. I know someone who did that recently - the house was not taken off the market but the offer was accepted and then they got an offer on theirs two weeks later. for all you know the other buyers may be in a longer chain - that could also collapse at any time. Unless you are in Scotland?

hammeringinmyhead · 24/10/2019 19:57

Of course they want to be viewing having sold subject to contract or they are unlikely to have an offer accepted. You don't seem to be seeing that others in your hypothetical chain are in the same position as you. If anything your sellers are doing it "properly", by looking post-offer.

Passthecherrycoke · 24/10/2019 19:58

“I'm assuming you're telling your potential buyers about the students both sides which you've been saying on here for a week stop you from sleeping with the noise?”

Well she’d be bloody stupid to 🤣🤣

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