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I have seen a house but I havent sold mine yet - advice needed

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TBeckett100
TBeckett100 Posts: 4,732 Forumite
Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
in House buying, renting & selling
We have a flat, well presented on the market and it is cheaper than the other 3 for sale (which are over priced)

I want to make an offer on a property tomorrow which has no chain, is empty and is owned by a university, so one would hope more accomodating.

Is it possible to have an offer accepted if I have mine on the market?

help - getting paniced!
«13

Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Possible, but very unlikely. Even if they do accept your offer, I doubt it they'll take it off the market until you have a complete chain behind you. Good luck!
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    We did it.

    http://forums.moneysavingexpert.com/showthread.html?t=544374

    Just click on my links to find out how.
    Been away for a while.
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    fingers crossed. the proposed property needs a shed load of work, and i mean work to modernise it and it is on the edge of a railway line with convenants against further building.
  • Doozergirl
    Doozergirl Posts: 34,076 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    A savvy vendor will say no. A university will have someone that deals with their property. You can almost guarantee they will say no. In need of modernisation and you are also fairly sure that you will have competition with real money to spend :o

    I wish you luck, but don't hold out much hope without an offer of your own.
    Everything that is supposed to be in heaven is already here on earth.
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    if i can get 2 week grace it woujld be good. mine is up 3k over the guide price but cheaper than others and better. i may ask the agent to market it for a fixed price with stamp duty paid.
  • Doozergirl
    Doozergirl Posts: 34,076 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You msut compare the price to your area in general, not just your block. People out looking will be looking in the area. If you look overpriced compared to the rest of town, you look overpriced regardless of your neighbours.

    I know people who are there right now. A woman who open admits she was had, got excited and paid well over the odds for the area. They can only see that they are well priced against her house, not looking at the area where you can get an extra bed for the same price :(
    Everything that is supposed to be in heaven is already here on earth.
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    put an offer in which the agent thought reasonable. however because of the owner being a charity type set up, they want to market it for at least a week, so they will contact me next week. more time to get viewers round.
  • CYBERCIDERSAVER
    CYBERCIDERSAVER Posts: 279 Forumite
    My advice....

    Stop going on holiday and use that money to finance another mortgage!!!!!
    "A goldfish left Lincoln logs in me sock drawer!"

    "That's the story of JESUS."
  • betti911
    betti911 Posts: 819 Forumite
    Debt-free and Proud!
    What people do with their money is their own business Cybercidersaver. Don't be rude.

    Good luck TBeckett. Hope you manage to sort things out.
    Jan 1st 07 Car loan £4830.46@12% Personal Loan £11,517@8% variable Overdraft £1500 July 2009Halifax-£0Debt free date 14th July 2009 :j
  • CYBERCIDERSAVER
    CYBERCIDERSAVER Posts: 279 Forumite
    Betti, I see you sense of humour bypass was a resounding success!!
    "A goldfish left Lincoln logs in me sock drawer!"

    "That's the story of JESUS."
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