We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
The Forum is currently experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Offer On Property When In No Position To Proceed

not_loaded
Posts: 1,187 Forumite

What attitude would you take to an offer on your property when the viewer is in absolutely no position to proceed?
They’ve viewed, and then (apparently) put theirs on the market the next day. They made a cheekily low offer, since improved by £10,000, but it’s still way below asking price.
If it was me in their position, I’d have expressed strong interest but left it at that until I had some definite interest in my own property.
They’ve viewed, and then (apparently) put theirs on the market the next day. They made a cheekily low offer, since improved by £10,000, but it’s still way below asking price.
If it was me in their position, I’d have expressed strong interest but left it at that until I had some definite interest in my own property.
0
Comments
-
In this market it is pointless to have an offer even suggested without being able to proceed, so I would say to them that the offer is agreed in principle but it will still be marketed until such time as they are.Nothing to see here :beer:0
-
Thanks. We haven’t ever sold a property so it’s all new to us.
Discussing it with OH it’s obviously the overall quality of the offer that matters, as they could offer full asking price at this stage to look convincing and still never end up as the buyer.
In this case they’re nowhere near ready to proceed and went in really low initially. Three days later their property still doesn’t show as on the market. Their second offer is not acceptable either, as we’ve only been on the market for a few days and are getting plenty of viewings.0 -
Most EA's dont bother showing people round places without them havng a deposit.. They could be on the market for months, all depends on what your timeframes are like and if you can wait for them.0
-
Yup. We’ve no onward chain and so should be attractive to a ‘ready-to-proceed’ buyer.
I’m not offended by their very low offers, but I think they’ve been watching Kirstie and Phil too much.0 -
Are you sure that them buying your property is dependant on theirs selling?0
-
If you haven't been on the market long and are getting lots of viewings I'd agree with Cozworth, tell them you accept in princple but the house will be marketed until such time as they can proceed.
I personally don't understand people putting in offers when they are not on the market but I have met a lady who does this, she particually wants to live in a certain village goes to see every house in her price range when sellers agree a price with her she puts her house on the market and then gets disappointed when someone ready to proceed comes on the scene. :rolleyes:0 -
Yes, an offer from someone unable to proceed is no more than a statement of interest and the EA should continue to market your property to other buyers. However, this potential buyer might sell their property immediately so it's best not to discount seemingly speculative offers. It's easy to feel messed about and difficult to tell the real potential buyers from the sight-seers. I guess it all goes with the territory of selling - which is why it's the second most stressful event in your life.0
-
Offers when people need to sell before they can proceed are a WASTE OF TIME. Not very often but an odd vendor client, of ours, didn't take our advice, accepted the offer and even gave the buyers time to sell. The reason usually is that they liked the buyers -- Ugh Ugh and Ugh - not match.com but selling a ruddy house.
In these latter cases often the buyer would sell and because they were being offered less, for their place, they reduced their offer. The result was a most unhappy seller and we did feel like saying "we told you so".A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0 -
Are you sure that them buying your property is dependant on theirs selling?If you haven't been on the market long and are getting lots of viewings I'd agree with Cozworth, tell them you accept in princple but the house will be marketed until such time as they can proceed.
I personally don't understand people putting in offers when they are not on the market but I have met a lady who does this, she particually wants to live in a certain village goes to see every house in her price range when sellers agree a price with her she puts her house on the market and then gets disappointed when someone ready to proceed comes on the scene. :rolleyes:Yes, an offer from someone unable to proceed is no more than a statement of interest and the EA should continue to market your property to other buyers. However, this potential buyer might sell their property immediately so it's best not to discount seemingly speculative offers. It's easy to feel messed about and difficult to tell the real potential buyers from the sight-seers. I guess it all goes with the territory of selling - which is why it's the second most stressful event in your life.Offers when people need to sell before they can proceed are a WASTE OF TIME. Not very often but an odd vendor client, of ours, didn't take our advice, accepted the offer and even gave the buyers time to sell. The reason usually is that they liked the buyers -- Ugh Ugh and Ugh - not match.com but selling a ruddy house.
In these latter cases often the buyer would sell and because they were being offered less, for their place, they reduced their offer. The result was a most unhappy seller and we did feel like saying "we told you so".
Thanks for your view on this. Yes, talking with my wife, we could see just that scenario playing out. If I were in their position I’d want to see what I might get for my house before talking numbers. They’ve upped their offer twice now. Today, their house still doesn’t show on the market.
To me that’s a Monopoly money offer.
Yesterday however, we had the ‘perfect customer’ family turn up. Fingers crossed…0 -
not_loaded wrote: »Yesterday however, we had the ‘perfect customer’ family turn up. Fingers crossed…
Do you mean the 'perfect (without letting you down) buyer' family:DA retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.5K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.5K Work, Benefits & Business
- 598.1K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards