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Anyone ever put an offer in on a house which was already SSTC?

28 replies

Oncebitten · 01/06/2007 23:07

I am a first time buyer and stumbled across the house of my dreams last sunday. As it was a bank holiday, I had to wait until Tuesday to call the estate agents, and knowing my luck, expected it to be SSTC, but was told that it was still on the market. Hurrah! So I was given an appointment to view it friday (today).

However, yesterday as I was flicking through the local paper, i saw said house with a SSTC on it. I called the estate agents immediately and they said that the sellers are still taking viewings incase the sale falls through. I was very tempted to call off the viewing because I was scared of getting my hopes up but on the off chance that the sale fell through, thought it was worth it and went along. It was just perfect, perfect location,beautifully decorated, so humble and homely. (and a bargain) I want it!

The seller mentioned that the person who has put in an offer, offered 500 less than the sale price, so I was thinking about calling tommorrow and offering 500 more than the sale price. I don't really know the protocol but want the house sooo badly. Would this be a waste of time or is it worth a shot? Anyone else had experience of this? I know its a bit pants for the people who have put in an offer already but surely this is the nature of house selling/buying?

OP posts:
LoveAngel · 04/06/2007 11:56

We've been gazumped - unfortunate, but its realty. If you want the prperty, go for it.

Be warned, though - if you have no contract drawn up and offer a £1000 deposit and then YOU get gazumped you will lose that money. Ditto if the survey fails and you decide not to buy. Get a simple contract drawn up by your solicitor that says the deposit is refundable in the event that the sale doesn't go through.

Good luck

LoveAngel · 04/06/2007 11:56

...meant to say its reality, not realty. Freudian slip? ;-)

HappyMummyOfOne · 04/06/2007 14:46

Personally, i'd wait and see if the sale falls through - the chain could break anywhere at any point so you may still have a chance.

Whilst not illegal yet to "gazump" i do think its morally wrong. The other people may not have offered the full asking price but lots of people dont and they will have already started paying their solicitor and valuers etc and will lose this is the seller accepts another offer - wouldnt like it done to me so wouldnt do it to another.

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