When to offer?

8 replies

StuckInARug · 21/01/2022 10:38

I know I’m too keen but we’re viewing a house tomorrow that my husband and I are sooo excited about. It’s a “half project” meaning some of it has been done up and the rest (including kitchen) needs to be renovated but is liveable. We know there were a handful of calls within an hour of it being live on rightmove and viewings will be tomorrow - there are at least a dozen viewings this weekend.

Viewings will be conducted by the sellers (as they’ve gone with one of those on-line agencies). How can we present ourselves in the best possible light to the sellers? We want to ensure that if anyone makes an offer on the same day that we’ll have a chance to offer too. We can go to asking price but not much higher and we’re worried someone will offer significantly higher (but obviously wouldn’t be able to do anything about that). What’s your best offer strategies??

OP posts:

sarahc336 · 21/01/2022 12:31

Make the offer asap to make sure you appear keen, the market moves fast these days. There's often no time to mull things over x

Dougieowner · 21/01/2022 18:22

When we sold last year we had several offers immediately after viewing (20-viewings in a week) but the EA said to ignore them and instead go for B&F offers which had to be submitted within 4-days of the viewings ending (apparently this is the new normal).
Did this and 10 of the offers were over the asking price with all but one sold and in temp accommodation. Went for the 3rd highest offer as they seemed to be the best (and nicest) bet.
Shows that being the first to offer doesn't always mean you get the house.

Original poster

StuckInARug · 21/01/2022 18:30

@Dougieowner oh wow that’s amazing for you (and depressing for me 🤣)

We can’t afford much above asking price (maybe £10-20k) so I think we just need to calm ourselves down and be ready not to get the house.

I guess it might be ok to ask the owners how they’d prefer offers to be submitted?

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Dougieowner · 21/01/2022 19:04

Really it should be the EA you are speaking to, certainly the vendor will be taking advice from them (it is what they are being paid for after all).

Momniscient · 21/01/2022 19:31

Personally I'd wait until the next morning and call the EA early. As a seller I'd be deeply suspicious of a very quick offer as it looks like it hasn't been thought through. As a buyer, I like to sleep on a decision to be sure.

Original poster

StuckInARug · 22/01/2022 09:48

Thank you all, you all make good points. I think we just need to keep our cool and then see how it goes.

@Momniscient you make a very good point that we might seem like we’re not serious if we make an offer on the spot or on the same day!

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Original poster

StuckInARug · 22/01/2022 14:03

It turns out we’re not that keen now we’ve seen it. Talk about getting carried away!

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ImInStealthMode · 22/01/2022 14:15

@Momniscient

Where we are the market doesn't allow time for that, unless you're in the 'over 1 million' bracket.

We viewed a 2 bedroom flat a while back, all viewings done on one day and several had offered on the spot. The vendors wanted to be fair so asked all interested parties to email B+F through by the end of business that day.

Mad to be making a decision on spending hundreds of thousands in a 10 minute view but that's how it is!

Flip