Is this the quickest sale ever?

[suki1964]

Ok so I know technically Im not sold yet but I rang the estate agent on Tuesday . He came around to look around and to discuss marketing and price

Hour later he rang and asked if we could do a viewing within the hour as he had a buyer looking, so we said yes

Wednesday he came back to do the measurements, photos and video

Halfway through he takes a call, can he bring the viewers back without us there - sure

4pm Thursday hes back saying buyers have offered 5k over , are in position to proceed , everyone in their chain is , my new house I have on reserve will be ready in January, will I accept

Not even a brochure published and the house sold STC

We only thought about moving a week ago and now it seems we are

Despite people saying you should put it on the market in the usual way, ie rightmove etc, I disagree. You have an offer you're happy with and you need a quick, easy sale. If you don't accept it and the house goes on rightmove and lingers there for a couple of weeks you'll have people discounting it just because of that, you won't even get them through the door for a viewing.

many houses are selling off market in this climate and if I were you, I would take the offer and run. If it falls through then you can get it on rightmove and do it the 'proper' way, and no one will be any the wiser of the sale falling through and it won't have potential buyers asking 'well why has that fallen though, what's wrong with it' and therefore lower its worth.

Well done. Had one house in the market, a few viewings no offers. Put it back on the market a year later, one viewing and they bought it. It's a question of getting the right buyer at the right time. Fingers crossed it all goes smoothly.

I'd be a bit wary if you think you're moving in January to your new home, but you're in a chain because these things never move quickly and searches alone can take weeks to come through. Great work getting an offer you are happy with so quickly though!! I hope everything else moves smoothly for you, I always estimate (after the offer is accepted) 6 months if moving in chain, and if it comes in quicker then that's a nice surprise!! I wouldn't necessarily be suspicious, if it's a fairly straightforward house in a popular area, everyone knows the amount they cost and one in good condition is worth snapping up fast if you can - I imagine that's what your prospective buyers have done.

My house didn’t even go on the market , the local HA approached me to buy my house via email. So I wasn’t even thinking of selling it.

Before the meeting I had 3 EA out to see how they’ll market it for. So I had a rough figure in my head.

HA offered 35k more. And the paperwork been pushed through in 3 weeks. The solicitors only had one enquiry and that was all. My solicitor was happy with everything as well.

so yeah sold it with money in my account within 3 weeks.

Not as fast, but they are selling quick if priced well. 7th April is when we viewed a house and put the offer in on the same day (accepted same day)
Ours went on sale on the 8th (via Rightmove - but I did my own listing via 99 Homes). 3 views and on the 12th an offer was accepted.

We moved 30th June.

Congratulations, I hope everything goes through smoothly. It does happen. We put our house up for sale just before Christmas and the estate agent didn’t reopen until after new year. Our thoughts were that people might do some scrolling on rightmove during the Christmas closed period. We had a couple arrange a viewing the first day that the estate agents reopened, they made a full price offer an hour later and we completed within 2 months.

It wasn't in our case. We offered asking price (£700K) on a house that hadn't hit the market yet, it was accepted. Our mortgage company then got back to us and said it was only worth £605K. We managed to get the house anyway through some negotiations with the seller and borrowing privately, but it definitely wasn't priced too low.

I think in this dire market, I would bite the hand off anyone offering 5K over.

Our last house wasn’t even on the market! An estate agent approached us.

Or it could mean they have lost the house they were buying and needed to find one fast or risk losing their buyer and breaking the chain. They like your house and don't have time to mess around.

A friend had a similar situation and that was the case for them.

Congratulations.

No. We had similar a couple of months ago. We weren’t even on the market. I answered a Facebook post looking for a house in our area. They came round the next morning, offered and we accepted. No EA involved so no big commission fee.

Chain broke and now we’re on the market properly. There’s a long way to go yet.

Not the fastest i have heard of as my friend walked into the estate agents to talk about putting her deceased mums house up for sale, he asked her to wait a sec, made a call and said to her i have a buyer here offering x amount will you sell it and she said yes. Less than 5 minutes in the estate agents.

Why did they specifically ask to view WITHOUT you being there? Are my spidey senses wrong?

I sold a house the same day the Estate agent came round. They had someone on their waiting list for the exact type of house I was selling. I have also had a house on the market for 3 years - that was dire!

We were the buyers in this situation before. Are you in London? This speed seems to happen a fair bit (anecdotally!) here. We were renting at the time, really keen to be in our own property, pregnant, and our two previous attempts to buy had fallen through. We were only looking at a handful of roads which we already knew super well (including the general style and size of houses available) so it was easy for us to make a decision very quickly.

Hope it works out for you all!

I hate to say this but I have had a quick offer in the past and a few months down the line (and a fair bot of cash expended) they dropped out. But I have my fingers crossed for you.

We viewed a property for my son, it wasn't right. I happened to say that the one you sold on X road would have been perfect for him. Well it had just fallen through, so we went to look it was perfect. He worked offshore so we had to contact his ship. He phoned back saying yes go ahead. Put the solicitors etc on standby for when he got back two weeks later. It was sold and completed in six weeks.

We bought a house before it went on the market as the estate agent knew what we were looking for and reached out to give us first refusal. Saved them having to do marketing/photos etc. We have also sold through it going on the market with a week of numerous viewers with everyone told a specific time at the end of the week when offers could be put in and receiving a couple for over the asking price . I think it depends on the house , location and the market. Some houses are in high demand

Another one we'd sold our house, moving into rental. A month later the agent phoned saying I've just measured up a property perfect for you. We saw it the next day. It never went on Rightmove. Because we bought it on the spot.

It does happen.

Similar happened to me 5 years ago. Of course it was during Covid and the stamp duty holiday meant properties were flying off the market.

The EA arranged six viewings in one day, three days after it went on the market.
Those resulted in 5 offers, all over asking price.
I had already had my offer on my new home accepted; but didn't need to sell in order to buy. I had resigned myself to the possibility of having to let my house if it didn't sell before my purchase went through. Thankfully that didn't happen. I did wonder if it was priced to low but was too pleased to care about that.

Its a quick offer, not a quick sale. We were the same and after 5 months the bottom buyer in the chain dropped out on the day of exchange.

We bought a house like this, and the same houses (post war development, hundreds all more or less the same) are still very much in demand. The signs go up already saying sold. Hope it all goes well for you!

Why? It's much easier to have a proper look around a house without the owners there. I've never viewed a house with the owners there in fact.

How similar or different is your house to others in the area? I had done a lot of viewings and knew I wanted a house in a road of 20 properties - they are quite different to the rest of the town and had everything we wanted in our budget. I let all the agents know this and as soon as one got instructed on one of these properties they called me, we viewed before it was marketed and offered immediately.

If you have something fairly unique I would say your buyer was waiting for it to come along. If it's similar to many others it's either underpriced or the buyer is a bit overexcited and may get cold feet once it's sunk it

Intersted to see how many estate agents that you had out. If it was just him, I'd be concerned he undervalued your property and sold it to a friend.

Don’t get too excited about this, it couybe some sort of scam.