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2 offers - which one?

1 reply

punkromeo · 10/09/2024 23:35

My 2 bed house was listed on rightmove nearly 3 weeks ago and I have had a couple of offers so far. I'm struggling to decide which one to go with (if any) so please share your thoughts! The asking price is £175,000 and I'll be moving into my partners house upon completion so there won't be a chain on my side.

Offer 1 -
First time buyers who are currently renting. They have offered £168,000. The estate agent has checked and verified that they have a mortgage in principle and funds/deposit in place.

Offer 2 -
Second time buyers who accepted an offer from a first time buyer on their property 2 weeks ago. They have offered £172,000.

OP posts:
cakecrew · 10/09/2024 23:43

Hi,
Great to have a choice of buyer 😊
I would ask the agent to contact the 1st time buyer to see if they can increase at all. Approx 50% of chains fall through. Even with a small chain the risk is higher. ask what level of desposit the ftb has - I would be concerned if only 5-10%. Best offers tend to come in in the first 2 weeks of marketing as you are marked as a new property for 14 days on the portals. The ftb will probably be flexible regarding dates - 1 less party to co-ordinate moving! Hope this helps x

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