Under Offer - find out what the offer is?

dh_mcr

If I go to view a house that's 'under offer' will I be able to find out what the offer is or do I just have to take a chance and put in an offer that I think will beat it?

tek-monkey

If they tell you, you'll offer just a bit over. If they don't, you'll offer what you think its worth. If you offer too little, they say no. If you offer too much, they say yes.

IMO they'll either refuse to tell you, or lie. Its not in their interest to tell you unless you offer too little, in which case they may tell you to bump the price up (or lie). Offer what you think its worth, walk away if they want more.

themanbearpig

Dont even bother asking. They will either refuse to tell you, are will tell you an overinflated amount.

If you like the house, put in a very low offer, and from that response, take some time and increase your offer. Its all a game, don't believe a word an estate agent has to say; they're nothing but professional liers.

LiGhTfasT

Why even bother if someone else is buying it?

Go find another house, i can tell you its not very nice being gazumped.

new_home_owner_3

I personally wouldnt look at a house that was under offer, but thats me just imagine if you was the other person who has probably started paying out to buy the house.

Having said that if the seller is willing to accept a higher offer after accepting a offer already, they are just as bad.

Plus a lot of people who have there house under offer, have it on the basis there are no more viewings, so you might not even get a viewing, would you offer on a house you cant even view?

chickmug

The EA should of agreed with the seller whether further offers will be considered or not. So firstly ask the EA if it is worth your going to view and on what basis you would be viewing.

Often the seller will say they will take further viewings but only on the basis of - further interested parties are only to go on a cancellation list as they would not accept more offers.

However some sellers will look at higher offers so you need to tease some more information out of the agents or view, insisting on you would like the seller only to show you round, and try and get some info from the seller.

dh_mcr

On further investigation the house seems to be a reposession, I don't this if this changes much.

The house is a very good price which is why I'd consider putting an offer in.

tek-monkey

Will you be happy if, after getting your offer accepted and starting to pay out on surveys etc. they get a better offer and ditch you?

barnaby-bear

dh_mcr wrote: »

On further investigation the house seems to be a reposession, I don't this if this changes much.

The house is a very good price which is why I'd consider putting an offer in.

Yes it does change things - the mortgage company is legally obliged to get the best price and reduce the debt of the original owner. They usually have to advertise the offers made and invite better ones and basically anyone making an offer knows that other offers will be invited right up to exchange - if more than one offer is accepted they may start a contract race which they are legally obliged to inform you of. Repos usually expect you to move fast and have everything in place within a month including your financing.

TBeckett100

my tip, phone the agent and tell him that you live down the road and you were thinking of selling. ask him how much you are likley to get offered. say is it similar to the one that just sold. they will tell you....

vegasbaby100

if it is a repo and ahd an offer exceptyed the offer will of been displayed for 7 days usually in the local paper! if this is the case use property bee t find out when it went under offfer and contact your local paper to get the info