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Ok, Please Help me out of this moral dilema???

43 replies

Evesmama · 16/06/2005 13:01

Now got two offers of asking price on house and another guy coming at weekend who already knows this!

so taking him out equation..two first time buyers, both can move asap, one has large deposit, one has to get 100% mortgage(but already has it in place i think?)....

i would hate to be on the receiving end of this, but it is very likely we will be..so what should itell agent???

  1. go with first couple?
  2. go with second couple?
  3. ask them to both make offers again?
  4. tell them the best ofer gets the house took of market and will agree it will go to them?

aaaaaarrrghhhhhhhh

me, i would let anyone have it
but the new house is v.v.expensive...should i say make offers..aarrrghhhh

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Evesmama · 16/06/2005 15:45

yeah, think we'll stick with first couple as they have got mortgage sorted and have handed everything the y need to into agent...still see what this guy has to say saturday?, but at very least, we still have a back up and at the end of the day, we are moving now instead of in 2 years when we are better off so we can get into a nice area for dd's schooling etc...so dont want to mess around and lose a sale!!

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emmamama · 16/06/2005 15:56

How do you keep your carpets so clean?

I'm from Middlesbrough btw!

Evesmama · 16/06/2005 15:59

ahh, pictures a re flattering!..no only been down few months and just had living room cleaned and protected

where are you from? do you still live here?

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emmamama · 16/06/2005 16:18

I lived in Linthorpe until I was 24, then moved up here to Newcastle. I still come down a lot as my Dad lives in Normanby!

Hulababy · 16/06/2005 19:54

Please don't do sealed bids. It is horrid and you actually don't usually get the best offers anywayy that way round. Best way (IMO and that of local, very successful estate agents) is to set a final deadline and have all bids OPEN. It is much fairer to everyone involved, including yourself, as everyone knows what is happening and can respond accordingly.

Many estate agents are stopping the whole sealed bids round here, as they are not getting the best bids at all, for many reasons.

Hulababy · 16/06/2005 19:57

Soupdragon - that is why sealed bids is too stressful and actually isn't fair. What you went though was not a sealed bid FOR YOU, but it was for the other buyers. So unfair.

We had a very similar situation when buying our last place, through sealed bids, as DH was able to use his contacts. Not fair to the other buyers at all, and if I had been in their shoes (not that any of them knew obviously) I'd be fuming.

SoupDragon · 16/06/2005 20:02

Personally I think open bids is a silly idea - then it's all down to who manages to get the last bid in whoich is hardly fair either. Proper sealed bids is fair though - literally sealed so no one knows til they're opened.

tamum · 16/06/2005 20:11

Just about everything is sold by sealed bids in Scotland, and frankly as a seller I found it wonderful. I would go for that.

SoupDragon · 16/06/2005 20:13

Yes, that's the sort I meant. Much fairer provided all parties know where they stand.

morningpaper · 16/06/2005 20:14

We were in this position three years ago - 4 people offering asking price in 24 ours!

I'd go with the first couple who met the asking price!

Sealed bids and gazumping is all very well but once you play mean, your buyers might start playing mean, shafting you over survey results and pulling out at the last minute etc.

tamum · 16/06/2005 20:14

Yes, absolutely, soupy. I've never come across anyone being told what other bids are up here- they are opened on the dot of noon (usually) and no-one knows what they contain until then. Fab.

Evesmama · 16/06/2005 20:35

so long as first couple can get a wiggle on with surveys etc, it looks like its down t them!

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hunkermunker · 16/06/2005 22:09

I think it's totally fair enough to go with the people in the best position to move.

Hulababy · 17/06/2005 08:40

Agree with hunkermunker - go with the people in the best position, even if not necessarily the best money.

Evesmama · 17/06/2005 08:47

yeah am gonna do that hula

dont want to be greedy, just want to move(however mrtgage deal we were offered has now gone up £50 per month)

gunna offer on the first house we loved this morning...wish me luck

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hunkermunker · 17/06/2005 15:56

Good luck EM!

HappyHuggy · 17/06/2005 16:00

was that your house on the link evesmama?

we've just bought one for 3 times that and its smaller!!!!!!!!!

Evesmama · 17/06/2005 16:38

yeah that was mine

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