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Does vendor negotiate if multiple offers?

2 replies

sarahb083 · 30/09/2018 12:08

Hello, we've put in an offer on a house (!!!) but not sure what to expect now. The house had 19 viewings yesterday and is lovely so I expect there will be multiple offers. If someone has offered higher than us, will the seller usually just take that? Or will we get a chance to up our offer?

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bilbodog · 30/09/2018 12:30

Depends what they decide to do. If multiple offers are received the agent may suggest everyone interested puts in their final best bid and they will choose from there. This usually includes the position of the buyers as well i.e. if they are cash buyers, need a mortgage, have anything to sell etc.

sarahb083 · 30/09/2018 18:31

Thanks bilbo - guess we'll have to wait and see!

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