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Original poster

Should I accept this offer?

69 replies

Housely · 12/01/2022 23:10

On paper this looks like a no brainer but I have no one to discuss this with and would be so grateful for opinions.

My house went live on Boxing Day, with an open day planned for last Saturday. One of the couples who viewed on Saturday have already been back for a second viewing, and have today offered full asking price on condition I cancel all further second viewings.

They are cash buyers and seem very nice and genuine. Do I go with it? Or, bearing in mind, it’s been less than a week, should I be sensible and just wait a bit? Tia.

OP posts:
parietal · 12/01/2022 23:24

go for it.

Original poster
Housely · 12/01/2022 23:34

Thanks @parietal. I’m just a bit worried that if anything goes wrong with these buyers I will have pissed off others who wanted to come for a second viewing.

OP posts:
offersoverr · 12/01/2022 23:38

I’d allow everyone to have a second viewing, then give time for offers. I think that’s reasonable.

Losingmyeverything · 12/01/2022 23:38

Go for it

BasementIdeas · 12/01/2022 23:41

Have you got other second viewings lined up? If so, I think you should honour them

halloweenie13 · 13/01/2022 00:31

You have a genuine full price cash buyer offer, don't worry about pissing off potential other buyers that might not even offer. Worry about securing the great offer already on the table.

HeddaGarbled · 13/01/2022 00:40

Sounds like your property is in demand, so the people who’ve offered want to secure it. This ‘our offer only stands if you immediately take it off the market’ is a Kirstie & Phil thing and is bollocks really. They want it. They’ll still want it next week. They’re not going to walk away if you haver for a week. Bide your time and don’t be pressured into snap decisions by people deploying negotiating tactics.

Original poster
Housely · 13/01/2022 00:48

Thank you everyone for your opinions.

OP posts:
buckeejit · 13/01/2022 00:51

I agree that they want it & are unlikely to find anything they want more if you ask them to wait a week as you want to honour the second viewings you've promised. 48 hours after you will confirm once & for all of they still want to keep their hat in the ring. You're happy fir them to come for another viewing if they like.

Good luck!

LittleMissTake · 13/01/2022 01:03

Accept the offer but keep it on the market, Until they sign a contract the buyer has no legal liability to complete the sale.

Branleuse · 13/01/2022 01:08

If theyre a cash buyer, thats no chain. Thats worth a lot imo, but I think id get the estate agent to ask for final offers tommorow.
Second viewing is a bit of a luxury in this market

backtolifebacktoreality · 13/01/2022 01:42

If they are cash buyers and have offered the full price, then why would you want to show others around?

GloriaSicTransitMundi · 13/01/2022 01:58

Tell them you'll take it off the market if they put down a non-refundable £5k 'in earnest' deposit. They might seem very nice but could walk away and leave you having to start again.

Wotsitsits · 13/01/2022 01:58

I'd continue viewings then go to best and final offers if you get any more offers at asking.

Henlie · 13/01/2022 07:39

Has anyone else asked to come back for a second viewing Op (besides the couple who put the offer in)?

WutheringHeights66 · 13/01/2022 08:16

As they really cash buyers though? We read so many threads about cash buyers that turn out not to be and they interpret their position as being such when it’s not.

I’d be inclined to let the other viewings go ahead then get everyone to provide all their evidence to the agent and then choose based on that. If they are still the best offer and position, they get it anyway 🤷‍♀️.

Lazypuppy · 13/01/2022 08:20

Cash buyers for full asking price is the dream offer, i would accept it straight away and cancel other viewings. What else are you hoping for?

alwayswrighty · 13/01/2022 08:21

@Housely I'd only agree to that once they've proven they have the cash to the Estate Agent.

Also be mindful of how quickly they instruct solicitors, etc.

Dinosauraddict · 13/01/2022 08:23

Subject to EA confirming they have the funds, I would take the offer and take your house off the market

SeasonFinale · 13/01/2022 08:23

@GloriaSicTransitMundi

Tell them you'll take it off the market if they put down a non-refundable £5k 'in earnest' deposit. They might seem very nice but could walk away and leave you having to start again.
That is a ridiculous suggestion and I don't know any buyer who would do anything nut walk away. They won't have had a survey done at this point.
senua · 13/01/2022 08:54

I would stall, to give time for others (if any) to make their offers. You can stall by asking them to prove their source of funds.

If you do accept then counter-offer. You will take it off the market if they do certain things within a time frame eg appoint solicitors, arrange a survey, etc.

As PP has said, it does seem to be a common tactic to offer FTB + full price + cash buyer which sounds great but then they mess about or gazunder later on. If it sounds too good to be true then it often is.

Daisydoesnt · 13/01/2022 09:20

OP how much more realistically could you hope to get for your house, if they've offered full asking price? ie if you ended up in a bidding war...and is that potential extra "worth" the risk? What's most important to you...getting the highest price you possibly can? Having a low-stress transaction? Completing quickly? Only you know what your priorities are.

Hoppinggreen · 13/01/2022 09:21

I think you (or the EA) should ask to prove they are cash buyers before doing anything

MadeForThis · 13/01/2022 09:28

I would accept the offer subject to proof of funds. Continue to market u til they provide proof.

stingofthebutterfly · 13/01/2022 09:29

I'd honour any second viewings already arranged, and ask the ea to confirm they are genuine cash buyers. Make anyone who comes for a second viewing aware that you already have a full price offer. Once that's done, you may get a higher offer. Decide then.