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Author Putting in an offer before I've sold my house?
deanmcreynolds26
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Registered: 15th Sep 03
Location: E46 //M3
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14th Mar 14 at 23:13   View User's Profile U2U Member Reply With Quote

Can this be done anymore?

Saw a house that we really want. Ours is just going on the market as we speak and hopefully considering the condition and work we've dome should sell quickly.... Famous last words!

The house we've viewed needs work but it's a final move for us and that doesn't worry us at all.
Can I put an offer with a set deadline to safeguard the house for me? Or is this a no go these days.

Not sure id be crazy about it if someone done it to me.
John
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Registered: 30th Jun 03
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14th Mar 14 at 23:40   View User's Profile U2U Member Reply With Quote

Can put an offer in whenever you want.
AndyKent
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Registered: 3rd Sep 05
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15th Mar 14 at 08:32   View User's Profile U2U Member Reply With Quote

Its common. Obviously better if you already have an offer in place but not always doable. They might accept on the basis that it doesn't come off the market until yours is sold
Colin
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Registered: 4th Apr 02
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15th Mar 14 at 19:22   View User's Profile U2U Member Reply With Quote

If your not procedable the sellers estate agents won't take your offer seriously at all, probably telling you to come back once yours is sold.

I bought my new one before I getting the old one on the market, however I had to give them the reassurance that I could have both mortgages by getting the mortgage in theory before I could buy it. Plus I had months to sell and I was prepared to take the low ball offer......which i did.



[Edited on 15-03-2014 by Colin]
whitter45
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Registered: 15th Nov 02
Location: Norton
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15th Mar 14 at 23:14   View User's Profile U2U Member Reply With Quote

If estate agent is professional they will pass on the offer to the seller but normally request your estate agents details so they can contact them to prove you are in a position to buy I.emhad an offer on your house

Unless you are FTB of course
baza31
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Registered: 19th Apr 03
Location: yorkshire
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17th Mar 14 at 09:23   View User's Profile U2U Member Reply With Quote

Do you have any money to put down on it? You could say put 5k holding fee with a term of say 3 months . If you don't sell in three month the house goes back up and you lose your 5k . But tbh your not in a position to buy . See how yours goes and go from there .
JM_16v
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Registered: 17th Oct 05
Location: Essex Drives: GLC63S
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17th Mar 14 at 14:02   View User's Profile U2U Member Reply With Quote

In my opinion its the sellers option to choose.

I would push the estate agent to make the offer if I was keen.

your offer even if higher could be used as a negotiation tool to other buyers at the least.

are you selling your current property to buy it?

if you consider renting it you can get a let to buy mortgage
stuartmitchell
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Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
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17th Mar 14 at 16:23   View User's Profile U2U Member Reply With Quote

We have just done this mate.

Bought a new build in October 2013 and set a long term entry date (June 2013). Put ours on the market in January and it sold in one day. Brought the entry date forward on the new one to 4th April.

Not sure how flexible the seller of the new property is but maybe worth a shot?

deanmcreynolds26
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Registered: 15th Sep 03
Location: E46 //M3
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17th Mar 14 at 19:47   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by stuartmitchell
We have just done this mate.

Bought a new build in October 2013 and set a long term entry date (June 2013). Put ours on the market in January and it sold in one day. Brought the entry date forward on the new one to 4th April.

Not sure how flexible the seller of the new property is but maybe worth a shot?




Sounds ideal that.

Second viewing getting sorted this week and maybe have a wee chat with the seller and see where she's at with my idea lol
stuartmitchell
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Registered: 24th Apr 04
Location: Kirkliston, Edinburgh
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18th Mar 14 at 13:06   View User's Profile U2U Member Reply With Quote

haha good luck mate
VegasPhil
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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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19th Mar 14 at 19:41   View Garage View User's Profile U2U Member Reply With Quote

Sometimes marketing your property with the selling agent offers a bit of a sweetener also. Ie a double deal for the agent.

If you are set on the house and haven't made a decision re marketing it's worth a shot.


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