How to be a desirable buyer?

qball101

I'm planning on putting an offer in on a place that's going to 'final bids' this week and want to make myslef as desirable to the seller as possible. It's a probate sale so it's a solicitor and beneficiaries.

Okay, I've exchanged on my current place so that's a dead cert or my buyer forfits the £30k he's put down as a deposit. I'm going to be homeless in 3 months and have a young baby so if anyone's serious about their offer then it's me. I've also got my mortgage agreed in principle.

However, there may be some competition. Bearing in mind that I can't up my offer from the asking price (other than by a few hundred quid - but is this even worth it?) what can I do or say to make the solicitor and the beneficiaries want to deal with me rather than someone else?

getmore4less

Is the call to finals real?

if it is, you can only put in your best offer

3 month completion might be a deal breaker anyway

Fire_Fox

England/ Wales or Scotland? Ar you planning on submitting your offer in writing stating your strong position and providing supporting evidence (MIP, solicitors contact details)? What is you fall back position if you fail to complete in three months?

DVardysShadow

Don't major on the pressure you are under. Although it makes you motivated, it makes you appear worth working on for a better offer.

qball101

The house is in England. The offers have to be in writing although it is not sealed bids, so I guess that means there is a little bit more discretion available to the solicitor and beneficiaries . The agent told me to put in our best offer and state our position. the offers are final, no further negotiation other than if the survey turns up any surprises.

If we fail to complete in three months then I would put my stuff in storage and move in with my mother in law for however long it takes. Could the three month completion deadline really be a deal breaker? Surely it would take at least 8 - 12 weeks for most people to complete anyway?

The things I was planning on letting them know were that I had exchanged, my completion date, that I have a mortgage in principle, will instruct my solicitor and start the mortgage application on the same day as the offer is accepted. The agent also said that a little bit about who you are and why you want the house could be useful (benficiaries emotional attachement to the house is the only reason why I think she might have suggested this).

Question is, is there anything else that could help me stand out above the crowd? For example, should I offer £50 above the asking price or just stick to it?

timmyt

volunteer up a decent lawyer you have acting, and say you have them poised to react, that they might know. also, offer a date by which you would expect to complete.

hometrader

qball101 wrote: »

The house is in England. The offers have to be in writing although it is not sealed bids, so I guess that means there is a little bit more discretion available to the solicitor and beneficiaries . The agent told me to put in our best offer and state our position. the offers are final, no further negotiation other than if the survey turns up any surprises.

If we fail to complete in three months then I would put my stuff in storage and move in with my mother in law for however long it takes. Could the three month completion deadline really be a deal breaker? Surely it would take at least 8 - 12 weeks for most people to complete anyway?

The things I was planning on letting them know were that I had exchanged, my completion date, that I have a mortgage in principle, will instruct my solicitor and start the mortgage application on the same day as the offer is accepted. The agent also said that a little bit about who you are and why you want the house could be useful (benficiaries emotional attachement to the house is the only reason why I think she might have suggested this).

Question is, is there anything else that could help me stand out above the crowd? For example, should I offer £50 above the asking price or just stick to it?

Yeah, it might be worth offering a couple of hundred quid more if you can. If they have a couple of asking price offers from buyers in similar position, your offer will look at bit better even if it's only slightly higher. Will cover a bit more of their sols/agents fees etc.