should i put an offer in if we havent sold

baron777red

hi

we currently have our house on the market, and its been 5 weeks now, 1 viewer in the 1st week and then nothing, so we have reduced the price by 5% to try and get some more viewers.

we have also been looking at house to buy and have seen a perfect house, that is just what were looking for, but should we put an offer in or wait until we have sold ours (or accepted an offer)

the seller has already had a few offers but they were too low, its an old person who wants to move into a bunglaow.

we just want to sell ours now, and are on rightmove with a local agent but, dont know what else we can do to improve our chances, i think our main problem is that its a 2 bed end terrace and will probably only be bought by a FTB and theyre are a lot of them about at the moment.

thanks

baron

PasturesNew

You are not in a position to buy, so you shouldn't go raising the hopes of others. Additionally, knowing your position, the EA might advise you that they can't accept your offer until you've sold, they'd just let the seller know you were interested but unable to proceed.

Sell yours first.

Personally I'd not go putting actual offers in until I'd seen the surveyor from my buyers come round and do his report.

It'd be quite cruel if you got the hopes up of a little old lady. Having said that her EA would let her know that you weren't in a position to buy anyway, so there's not really any point.

NoDebtForMe_2

I agree, plus how do you know what you can offer until you know how much you are realistically going to get for yours? I think it is essential you know what money you have to play with after selling yours first.
Sarah

cattie

I'd never accept an offer from somebody who hadn't sold. You're just not proceedable untill your house in under offer, so any offer you made would be meaningless.

baron777red

thanks for the replies, i just dont want to lose the house ive seen

what about renting it out for 6 months, the rental income would easily cover the mortgage as were on a tracker, its just a question of wether our lender would give us anothe mortgage.

i know it means paying 2 mortgages and risky, as the tenant could default but with the housing market as it is for FTB, it could be 6 months before we sell anyway.

i would appreciate anyones opinion on this

thanks

baron