Can I make an offer on a property that is SOLD STC?

[kashmiribelle]

It is currently still on the market so obviously the vendor is not completely happy with the offer they have currently received and thus are looking out for better offers.

I know some people might see this as gazumping, but honestly the vendor could back out any way and decide not to accept the offer...

Please don't get into the moral side of this, I'm not here for an argument on gazumping. Thanks. :)

What mini said.

We've been used as a stalking horse in a situation like this. That was a term that was new to me! The short version of the story is that we had offered in a property but the sellers accepted another offer as the other party was further along in the sale of their own property, which was fair enough. Allegedly dragged their feet on the survey and paperwork and we were allowed to see it again and reoffer after six weeks of the buyer doing bars. Got us nowhere and we realised we'd been had. All we were there for was to move the other party along.

If the EA and the seller are encouraging viewings and offers it is probably only to achieve the goal of squeezing more out of the current buyers or getting them to back down if they're trying to negotiate post survey.

The EA got in touch with us and encouraged this second viewing. I think it was morally horrible and although we are still interested in the area I'd try my best never to deal with them again.

Bidding war.

Expect to pay a lot more than the asking price OP.

No one has been rude. You are asking whether you can put in an offer once the house has been sold subject to contract. The estate agents are legally obligated to pass on any offer. But yes this is definitely gazumping and is an awful thing to do. Imagine if you were buying a house and paying for solicitors and surveys and this happened to you. Why don't you let the estate agents know that should the house sale not go through you would be interested in it as many houses do come back on the market.

I'd be wary of being used as a way of getting the current prospective purchaser to up their bid.

It's definitely gazumping. It's wrong, just plain wrong because of the hurt and hassle you'd cause the buyers. How would you like someone to take your dream home from under your nose when you thought it was going through? My daughter's STC at moment, has already incurred significant costs and would be devastated if someone did this to her. Plenty of houses up for sale - find one that isn't already sold.
The buyers would be wise to have asked for it to come off market as part of negotiations.

Gazumping is only an option when the market is restricted and very few houses are for sale - I should imagine in the current climate there is plenty of choice.

What makes this one so special?

FwIW there is also guzundering when the buyer puts in a lower offer near exchange to reduce his costs

Quite frankly, I don't care if I'm being rude. This is a really disgusting thing to do. Find something else to buy - don't cause a lot of hurt and suffering just because someone got there before you did.

I wouldn't trust the seller if they are encouraging gazumping one bit

Completely agree.

Also no one was rude. You can't dictate what people post!

Also, can I just say how blunt and rude some people are on here!

If you don't know how to answer a bloody question without being sarcastic and downright pathetic, then bugger off.

As far as I know gazumping is illegal here in Scotland!

Not sure if its legal but aren't missives exchanged far far earlier in the process? So effectively you offer and then missives are exchanged pretty quickly, so if the seller accepted another offer after that you would be able to take them to court.

Thats the way I thought it worked anyway but no expert!

Much better system in Scotland I would say, also like that it's the sellers responsibly for survey before the house is marketed so you are not forking out for numberous surveys while searching for a property.

I don't think it can happen in Scotland though Regina can it? I believe in the Scottish system an accepted bid is considered legally binding.

ilovewinterpansies It's only been a couple of days since the offer was accepted so I will ask if the survey etc. has been done and if it has I won't go ahead with my offer as I wouldn't want the same done to me. If no cost has gone towards the property then I wouldn't feel so bad putting in my offer. Thank you so much for your help.

Funny how I stated I don't want to get into the moral side of things and some people are still commenting on only that part. To the idiot who said there are other forums, there are other questions answer and other users you can help. My question was a straightforward one in which I wanted an informative reply, not a judgemental one. Simply DON'T ANSWER if you're concerned with the moral side of things.

I in no way mean any offence to the lovely members helping me out here, thank you!

Also, can I just say how blunt and rude some people are on here! Like jeez, people come on here to ask for advice, not to be judged and ridiculed. If you don't know how to answer a bloody question without being sarcastic and downright pathetic, then bugger off.

Says the person trying to gazump!

No, in the uk unless the law changed in the last three years accepting an offer is not legally binding, not until the paperwork is signed.

Wrong. That applies in England and Wales, not Scotland, where an accepted offer is legally binding.

My friend however is suing a seller (London) who unbeknown to him was running a contract race with 2 buyers. That is not legal in England and Wales.

Eminado - Gazumping isn't being rude mate, it's business. GET A LIFE.

Lol lol lololol at the feetie stamping and steam coming out of your ears when you've had nothing but sensible replies on this thread.

Who are you to call someone an idiot when you are posting like a twat?

Don't you dare delete this thread HQ! Sometimes a poster's record needs to stand!

Someone get a plaster for the BLEEDING GITS

You'll just become a PBP if you're not careful, OP.