Accepted offer now another person has offered us more?

nick_

COLOURBOUNCE wrote: »

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.

fully agree with the sentiment - if i was in the OP's position, i'd be considering my options as well.

Ivana_Tinkle

I'd be v worried about the words "subject to second viewing" - the offer doesn't really mean anything, in that case, does it? At the very least, they need to come for a second viewing and confirm the offer still stands before you do anything about the offer you've already accepted.

Also, what percentage of the price is £35k? It's an awful lot more money and, unless you're selling a million-pound house, I'd be worried it's too good to be true. The only time we've been in a situation like this was a few weeks into the sale of our house, when our buyers suddenly offered us an extra £10k if we would complete within a week (which meant extra moving costs and temp accommodation). We danced around the house packing boxes, unable to believe our luck, then, as each day passed and somehow they hadn't quite got around to signing the contract so we could exchange, it became apparent that they didn't actually have the extra money and were planning on gazundering once we were past the point of no return. I think you need to be very, very cautious when someone offers too much money as it usually means they're not intending to pay!

vax2002

£35k off another mortgage is worth £70k

tbs624

betsie wrote: »

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.

Good to read of a vendor with morals./

betsie wrote: »

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.

35k * is* a lot of money however, as you suggest, once other potential buyers have been knocked out of the equation, you''ll probably find that this second one drops his final offer right down.

The tactics suggested by Vax and LocalLad are likely to lose you your original buyer IMO.

dodger1

Well done for having morals but to be honest if the other offer is genuine and the house isn't a million pounds then my morals are severely tested for £35,000.

bris

I would take the extra 35k, it's all very well having morals but this kind of money doesn't come along very often.
Anyone who says different isn't in this position to judge and would certainly have second thoughts if they were, despite what they write on here.

HapPea

£35K is a lot of money and so I can understand you wanting to go with this higher offer. If it is genuine and proceedable then it makes sense to go with this offer.

I think it would be kindest if you reject the first offer before they lay out more money. And seeing as you are getting £35k more if the first buyers have already paid for a survey it might be a nice gesture to say sorry and give them £500

missile

How will you feel if you refuse higher offer and 1st buyer backs out?

InMyDreams

Accept an offer of £30K over on condition that they give your old buyers a non-refundable £1K now towards their losses? New buyers could still pull out of course, but at least you won't be out of pocket and neither will your old buyers. Maybe your old buyers will even be happy enough to give you another go should the new sale fall through and they haven't yet found anything better.

andy.m_2

they have merely stated that they would be prepared to offer £35k more.
But they aren't yet offering that.

A bird in the hand is worth two in a bush, however big the bush is.

I have to agree that £35k is a lot of money, but as yet it is not your money and anything can happen.

It is legally ok for you to do as you please up to the point of exchange, morally it might not be so cut and dried, but while sipping mohitos on the beach in the Caribbean you can try to wrestle your morals at your leisure.