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Do I really have to wait until I have accepted an offer on my house before I make an offer on a house I like?

15 replies

purepurple · 27/04/2009 15:39

Surely it's better than no offer at all?

OP posts:
rubyslippers · 27/04/2009 15:40

nope - you need to be in a position to proceed

a lot of sellers won't take an offer seriously otherwise

theyoungvisiter · 27/04/2009 15:41

You don't have to wait but it's unlikely they will accept your offer without a purchaser for your property.

Without a purchaser lined up they know they will be in line for a long wait (at best) or no sale at all (you might be deluded about how much your property is worth, or, worse, trying to cut out competition by getting them to take their property off the market).

At best they are likely to give you a fixed period to find a buyer before they remarket their property.

mankyscotslass · 27/04/2009 15:47

Most sellers won't take your offer seriously unless you are in a position to proceed.

purepurple · 27/04/2009 16:22

we have viewed a house that is with our estate agents
we like it and would be interested in putting in an offer
hopefully it will make the estate agent try a bit harder with ours
the estate agents are a bit pants tbh
their person that does the viewings is off on holiday and can't do any viewings till she gets back

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lalalonglegs · 27/04/2009 16:24

Is your house on the market? Have you had much interest? If yes and no, then cut price to get an offer quickly and get into a position to proceed.

McDreamy · 27/04/2009 16:25

I think if you want a seller to take you seriously then yes.

Rubyrubyrubyflipflop · 27/04/2009 16:27

This reply has been deleted

Message withdrawn at poster's request.

purepurple · 27/04/2009 16:28

our house has been on the market a few months, we have reduced it twice
we have rejected 2 silly offers, as we are not prepared to give it away.
We are thinking of reducing it again.
we have had several viewings.

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theyoungvisiter · 27/04/2009 16:33

can't you conduct the viewings yourself? That sounds like a ridiculous situation.

You can put the offer in of course, but I wouldn't hold your breath unless the other seller is not in a hurry.

Fimbo · 27/04/2009 16:36

We put a full offer asking price on a house and it was rejected because we had not yet sold. We sold our house a couple of months later and were still going to proceed with the house we wanted but we reoffered for £10k less which was accepted. The whole deal fell through though before exchange thanks to restrictive covenants.

My friend offered on a house and was given a couple of months to sell her own by the vendors, luckily she did.

purepurple · 27/04/2009 16:38

the vendors are exchanging in 2 weeks apparently on their new house
not sure how that works
they must have won the lottery and be buying it cash

I have done lots of viewings myself, it's to view the houses we are interested in.

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Fimbo · 27/04/2009 16:47

How strange you think in these credit crunching times the EA would be doing all they can to try to obtain sales, to turn down viewings because they don't have anyone to do them is just crazy.

purepurple · 27/04/2009 16:53

I think they are pissed off because we turned down an offer, although they haven't told us to lower the price we have lowered it by 10k. They wanted us to accept an offer 15k below that. It only started out at 155k. No way could we accept 130k, that wouldn't leave us any money for a deposit. Or to pay their fees.

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lalalonglegs · 27/04/2009 17:05

But whether you are left with money to pay the deposit on your next home or not isn't the concern of the buyer. If you haven't had offers at £155k, the house probably isn't worth that.

nowwearefour · 27/04/2009 17:19

I think you are often left with a choice- sell at the price people are prepared to pay or dont sell at all. we live in an identical house to nother one in the same street as ours (only 16 houses in the street). we were both on the market at the same time. they had theirs on for £70k more than ours! needless to say, we have sold and they havent as they arent willing to 'give' the house away. we are able to buy our dream house now (though v v stretching ourselves). they are staying righ there they are. just all about how much you want to move. you could always rent until the mraket comes down to meet you on your purchase house. i woudnt accept an offer from anyone not in a buying position as it is just pointless.

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