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Property/DIY

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Original poster

Do sellers take much notice if you put an offer to them before you have your own house under offer?

19 replies

allgonebellyup · 05/02/2008 21:51

Thats it really! seen a couple of houses i really like, the estate agents have told me to go ahead and make an offer, to register my interest, but is it wasting everyone's time??

OP posts:

S1ur · 05/02/2008 21:53

Depends entirely on their circs.
Usually its fine, as long as your house is actually on the market.

Oddly we once made an offer on a place and was rejcted because we were ready to go and they didn't want to feel pressured (and we had put in highest bid!)

NKF · 05/02/2008 21:55

I think people are often reluctant to take their places off the market until yours is sold.

Original poster

allgonebellyup · 05/02/2008 21:58

Ours is on the market and had lots of interest but no real offers yet.

So should i go ahead and make an offer? the house i like has just been reduced from 275k to 249k,(for a v speedy move) in lovely area with huge garden and refurbished so im scared it will be snapped up tomorrow!!

OP posts:

Smurfs · 05/02/2008 22:02

agb - we made a full asking price offer on the house we wanted and asked that the vendor withdraw it from the market for a fixed period of time to give us a chance to sell ours. They went with that and after many ups and downs - floods, final link in chain pulling out for 48 hours etc etc I now sit typing to you from my dream house! Give it a go and see what happens, best of luck.

Original poster

allgonebellyup · 05/02/2008 22:05

great, the house does need a brand new kitchen though (the only room not refurbished) and its only 2 beds when i need 3 (would have to do loft conversion)...
do you think i would have to offer the asking price to get them to take it off the market?

Out of interest..Do you think 242k is too low to offer?(its on at 249,950k)

OP posts:

S1ur · 05/02/2008 22:06

No harm in making an offer.

Also depends on where you are, in Sheffield the housing market is a bit erm, different.

If you make an offer then your place may sell quicker anyway, at that budget I'll hazard a guess that your current place is a second or third time buy so not unfortunately open to first time buyers, so that'll slow things down a bit...

Still might encourage those who looked to pull their fingers out.

S1ur · 05/02/2008 22:07

242 could be a bit low, considering they've already lowered it.

ha, 2 bed for 242. Nope you're not oop North are you

BarbaraWoodlouse · 05/02/2008 22:09

I think that many agents advise their clients not to accept offers from people with houses still to sell (ours did). But...we keep hearing how the market is slowing down etc so any offer is likely to be taken reasonably seriously. Your certainly not wasting anyone's time.

As NKF says, you may find that they accept but leave it on the market until you sell.

If you do make an offer, make sure you stress to the agents the good points of your position. Eg propoerty has just gone on the market, have had lots of interest already, likely to sell to first time buyers (if you are) etc...

Smurfs · 05/02/2008 22:09

I think that the current market is such that you can make a cheeky offer to test the water. I would have a look on rightmove at the section which tells you the prices that houses have actually sold for there recently and factor that into your calculations.

BarbaraWoodlouse · 05/02/2008 22:10

Argh "you're"

And forgot to say - good luck!

Original poster

allgonebellyup · 05/02/2008 22:10

im in west sussex, quite expensive!!

£245k????????????????

OP posts:

ConnorTraceptive · 05/02/2008 22:11

We made an offer on a house without even being on the market. They provisionally accepted the offer but obviously didn't take there's off until we were in a better position. Fortunately we got an offer on the first day ours went on so allw orked out well.

Always worth putting in an offer as long as your honest about your position

NorthernLurker · 05/02/2008 22:14

in my book the reduction in price is not your problem - they tried that and it didn't work did it - so I would offer 10% under the current asking price - and expect to go up a bit.

wannaBe · 05/02/2008 22:14

you can put in an offer but imo you can't expect them to take it off the market, esp if they're after a quick sale.

Original poster

allgonebellyup · 06/02/2008 10:38

Have put my own house price down 10k in the hope i can sell mine soon!!
Would it be out of order to offer the 10% under the asking price? Actually maybe offer 235k once mine is sold?

OP posts:

NorthernLurker · 06/02/2008 17:31

I would offer 225 now - in the expectation that you will be refused anyway because yours isn't sold - then when it is you can go back to them having gone up a bit - tbh 235 is what I would want to pay - no more. After all it's not your fault they wasted time asking an inflated price the market wouldn't sustain is it?

MrsGuyOfGisbourne · 08/02/2008 17:55

You might as well put in an offer, but as a seller ( am about to put a flat I own on the market as soon as HIP sorted) I have told the agent that I want a quick sale and will not take it off the market unless a buyer has cash or and offer on their property.

selby · 10/02/2008 20:18

Nothing from stopping you from putting in an offer but as a seller, I wouldn't even think about taking it off the market because you cannot proceed even if you offered the asking price so I guess that speaks for itself - don't waste my time!

StripeyKnickersSpottySocks · 11/02/2008 11:53

I wouldn't put in an offer as its all irrelevent until you sell your house, it won't stop them accepting an offer from someone else in a btter position and if they don't get other offers and you haven't offerred they may reduce price again in the mean time.

You can tell their estate agent you're interested and as them to let you know if there are any offers on it. The estate agent will then ring if anyone offers, giving you the chance then to offer.

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