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Process of offering on a house

5 replies

Thatsnotmycat · 04/10/2017 10:42

This may be a stupid question so I apologise. Do you have to wait until you accept an offer on your house (when and offer has been put in) before you can put in an offer on another. It's just if we didn't get the specific house then we wouldn't want to accept the offer put in to our house, if that makes sense.

What do people usually do in this situation? I'm worried that if our offer is accepted on the house we want then our buyers change their mind before we technically accept the offer given the time frame going back and forth with estate agents we'll come across as bad buyers.

OP posts:
Thiswayorthatway · 04/10/2017 11:09

Sellers probably won't accept your offer and take their house off the market unless you are in a position to proceed, that is you have accepted an offer on your own house or you're going in to rented accommodation. You'll find many threads on here about an 'in a chain support group. Yes unfortunately you can often be in the position that you have found a house you love, but have no buyer for yours, or you have a buyer but you can't find a house.

JoJoSM2 · 04/10/2017 13:01

Exactly what thisway says. You need to have an offer first. Accept an offer on yours and then you'll be in a position to offer on somewhere. If you don't see a house you like for a while, you can either sell and move into rented until sth comes up or pull out of the sale on your current home and stay put.

However, without an offer on your property, you generally won't be taken seriously when you try to offer on another house.

Thatsnotmycat · 04/10/2017 13:14

Thanks, we have an offer but haven't formally accepted it yet as it's below want we really want for the house but would accept it if we could get money off the house we like. So ideally would like to offer first before we formally accept ours, but it sounds like you can't do that from the pp

OP posts:
JoJoSM2 · 04/10/2017 14:20

You could tell the EA that you've got an offer on the table. That's sounds much better than having no offer at all.

Thiswayorthatway · 04/10/2017 14:28

Yes tell the EA you have an offer on your house, and whether you accept it depends on the purchase price for the house you want to buy.

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