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Fixed Price to offers over
Shumm
Posts: 16 Forumite
Hi,
Quick query. <y elderly parents are selling their home. They were advised by EA to put on market at fixed price. They have had 4 verbal offers for full price. Can they put closing date and change from fixed price to offers over?
They are both in their 70's and an extra 10% value would make a huge difference to their lives.
With Thanks for any advice.
Quick query. <y elderly parents are selling their home. They were advised by EA to put on market at fixed price. They have had 4 verbal offers for full price. Can they put closing date and change from fixed price to offers over?
They are both in their 70's and an extra 10% value would make a huge difference to their lives.
With Thanks for any advice.
0
Comments
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4 offers at asking price means price is too low. Refuse those offers and put it back on market at a higher price0
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Why can't you just go back to the 4 who offered, say to each 'There are 3 other offers on the table. Give us your best and final offer' and see who raises their offer?
Also; is this a sale in Scotland, or England/Wales?0 -
Can they put closing date and change from fixed price to offers over?
Until Exchange of Contracts they can do whatever they like.0 -
Surely the EA would suggest that.0
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Why can't you just go back to the 4 who offered, say to each 'There are 3 other offers on the table. Give us your best and final offer' and see who raises their offer?
Also; is this a sale in Scotland, or England/Wales?
I would say this is the way to go. The estate agent should be reccommending this. Also bare in mind that when all offers are in, don't just take the highest offer, but look at the position the buyer is in - ie are they a cash buyer/have a property to sell/mortgage in place etc etc.
Olias0 -
Why can't you just go back to the 4 who offered, say to each 'There are 3 other offers on the table. Give us your best and final offer' and see who raises their offer?
Also, since you say the 4 have offered the full price, implying they've all offered the same amount - this leaves your parents 'unable' to choose between them at this stage.
Therefore, as Olias said, you should ask them all to submit a summary of where they're at - finance in place? House sold? House on the market? Not on the market yet? These facts should assist in the decision, as well as their offer prices, and preferred entry dates.0
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