First viewers have offered

mummyroysof3

The issue is more that we have nowhere to go and they won't wait as they have interest in others.

Dan-Dan

seems to me that you need to be quite strong here , with three kids i`m assuming going into rented isnt an option...?

I think an offer with a time limit might be the best way...its really tricky for you because if you dont take it off the market they may well withdraw the offer but if you do and arent out by a certain agreed time , they could withdraw anyway and then youll need to remarket!

Cant your EA find out (dig deep) there exact expectations? time wise?

Of course by doing that , the buyers will know their offer is peaking your interest!

Minefield isnt it

mummyroysof3

The ea is going to see if they will wait for us too look for something or not

I_have_spoken

I sold last year in a difficult area, was on at £99k but I very quickly dropped to £95k. BTL LL offered £85k but I insisted more and EA got £87k. I was happy to walk, having bought for £36k.

StuC75

Before proceeding too far with accepting offer, you need to have in mind what equity you have and how it supports your onward move..

i.e. Can you get a good enough deal on the house you may want to buy - and what price range that is in in regards to your budget..

For example if you are putting down a 15% deposit, then £2k extra received from your sale relates to £13.3k of what you would be offering on the house you buy..e.g. 13.3k * 0.15 = £2k... Or go some way towards your stamp duty fees...

So its worth checking that your further purchase adds up..and isnt too much of a stretch.

mummyroysof3

It's well within our budget if we take offer. It's more if we can live in it while works done and it suitable due to youngest a disabilities also

mummyroysof3

Well today is the day...either we offer on house and accept one on ours or we don't and lose our buyer....feel sick cos I'm worried ill make the wrong decision

StuC75

Good luck! Surprised its such an All or Nothing day..

mummyroysof3

It's not all or nothing as such it's just if we can sort it out today we are on our way to moving...if we don't go ahead then we are waiting for more viewings and its all unknown

mummyroysof3

The saga continues...our offer is being considered overnight and we will get an answer tomorrow