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Can I offer on 3 properties at once?
pinheaplanet
Posts: 8 Forumite
I' m having a really hard time on deciding which house to go for, there are three options all with different pros ans cons.
Can I be cheeky and utilize my position as the buyer to play one vendor off against another? Essentially it would be the same as bidding war but reversed, I put in low offers on all three houses and whichever vendor accepts the lowest offer first gets the sale.
I would make all the vendors aware that they are competing, as it were, against other houses.
I'm in the position of an FTB with an AIP.
What do you think?
Can I be cheeky and utilize my position as the buyer to play one vendor off against another? Essentially it would be the same as bidding war but reversed, I put in low offers on all three houses and whichever vendor accepts the lowest offer first gets the sale.
I would make all the vendors aware that they are competing, as it were, against other houses.
I'm in the position of an FTB with an AIP.
What do you think?
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Comments
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Why not?They can only say no,then you can slightly increase all 3 offers till one *bites*.0
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Its a tactic that could work. Try it.0
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on the flipside by letting the vendors know that you're making them compete against each other they could all spot that you appear to be an unreliable chancer and will likely have your head turned by further properties before they reach exchange thus they'll all reject your offers? But you have nothing to lose technically, bar the 3 properties you like.0
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If you really can't decide which one you really want out of the 3, then maybe you should go for none of them.0
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I think Wobytide has a good point - if they're all on with different agents offer on the lot but don't tell, perhaps just let them know you're interested in specific other houses.0
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on the flipside by letting the vendors know that you're making them compete against each other they could all spot that you appear to be an unreliable chancer and will likely have your head turned by further properties before they reach exchange thus they'll all reject your offers? But you have nothing to lose technically, bar the 3 properties you like.
That's a good point, maybe I should specify that I will not consider any further properties in the offer.0 -
Romani_Ite_Domum wrote: »If you really can't decide which one you really want out of the 3, then maybe you should go for none of them.
You've a point here, but I'm feeling I'm not gonna find the perfect house for the money I have, so I just need to move forward0 -
I think Wobytide has a good point - if they're all on with different agents offer on the lot but don't tell, perhaps just let them know you're interested in specific other houses.
If they don't know they're up against another property then there's no incentive to accept low.
They're all on with different agents and I don't want to tell each agent which specific house they're up against as they may well contact the other agent and act in collusion. All the EA's here jump from company to company so it may well be that EA 1 is freinds with EA2 because he used to work there. I feel i've got to play my cards close to my chest here.0 -
As a vendor if somebody made a silly low offer on my house (apart from the fact that I'd reject it anyway :rotfl: ), once I knew they were also offering on 2 other houses at the same time I'd instruct my agent that I didn't take them as a serious buyer & would want no more dealings with them or any other such buyers following such a practice.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0 -
I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0
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