Accepted offer now another person has offered us more?

betsie

All a bit weird really. The house has been on the market for ages a few offers but the buyers hadn't sold. A few low offers from buyers who had sold.

Had an offer at our lowest acceptable point 2 weeks ago, buyers not selling to get our place so no chain. We accepted this. Solicitors appointed and survey booked.

EA has now had 2 emails from someone who viewed 1 month ago. Apparently really liked house but was away on business. As offered us £35k more subject to second viewing (also has nothing to sell- buying house for adult children). I have said they can look again but I wont sell to them unless 1st buyer blows out.

Not sure how to play 2nd viewing with them and also £35k is alot of money. I do find it odd that they suddenly show interest when it goes up as sold, would they just drop the price later on anyway.

I think I have decided to do the morally right thing and carry on with buyer 1.

What would you do?

DVardysShadow

So, roughly, your asking price and the offer you accepted? You need to gauge whether this offer is too good to be true or is actually quite a sane offer. It is a substantial markup on your present deal, which raises my eyebrows.

Personally, I would be suspecting that someone wants to scupper your present deal. Perhaps there are similar houses to yours nearby which are not selling?

evansmummy

To be perfectly honest sometimes a sold board can make people realise they wanted that house and they start to panic.
35k is not to be sniffed at. It might not be morally 100% but you've got to look out for number 1 cause no one else will

brit1234

http://www.youtube.com/watch?v=QoRB_kXOAXc

betsie

Yes Brit

we are going to stick with the first buyer but just keep the second one as a back up incase something goes wrong with buyer 1.
I would hate for someone to gazump me on a house I wanted and I think Karma has a way of biting you on the bum.
Someone gazundered us on our last house sale and I know how upset that made me (I still stick pins in my voodoo doll of him LOL).
I have moved house quite a few times now and each time it seems to get harder.

LocalLad

What about proceeding with both and whoever completes first gets it? Probably not the most ethical way, but business is business. If you use the EA to your advantage, you could get them to urge higher offer to speed up their conveyancing. If they reach that point, you can then offer to cover the costs that the lower offer may have incurred once exchanged.

COLOURBOUNCE

I would ensure this 2nd offer is serious by insisting on a non refundable £10,000 deposit held by my solicitor. Use the excuse of having to badly let down other party if you like, but 35 grand is a huge difference. Let the EA earn their corn on this one.

vax2002

I would say the same, first to lodge a deposit, end of story

nick_

vax2002 wrote: »

I would say the same, first to lodge a deposit, end of story

Or you could just end up upsetting both and being back to square one. I am currently going through a purchase (I hope to god you're not my vendor) and if they came back with the £10k NR deposit idea when I’m so close to getting everything in place, I’d tell them where to stick it.

I'm an FTB, who whilst on a good career path is still a junior and therefore I am paid accordingly. It would take me a LONG time to find the £10k if everything was to fall through at the last minute. I would under no circumstances put my deposit fund at risk just to gain first refusal.

I would implore you to think carefully before using such aggressive tactics – remember, it’s a buyers market! Saying that, £35k is a lot of money and I can fully understand the bind you are in.

hazyjo

What sort of price are you selling at and what sort of level are the offers at?

I think you're doing the best thing - karma and all that.

So many sales fall through, at least you have someone else lined up if it does collapse.

Good luck,

Jx

COLOURBOUNCE

nick_ wrote: »

Or you could just end up upsetting both and being back to square one. I am currently going through a purchase (I hope to god you're not my vendor) and if they came back with the £10k NR deposit idea when I’m so close to getting everything in place, I’d tell them where to stick it.

I'm an FTB, who whilst on a good career path is still a junior and therefore I am paid accordingly. It would take me a LONG time to find the £10k if everything was to fall through at the last minute. I would under no circumstances put my deposit fund at risk just to gain first refusal.

I would implore you to think carefully before using such aggressive tactics – remember, it’s a buyers market! Saying that, £35k is a lot of money and I can fully understand the bind you are in.

Welcome to the world of home ownership. It may be a buyers market, but when you get two going for one, things get a little more interesting.