Advice on offers received

spender717

We accepted another offer 2 hours after we accepted the first. Was only £500 difference BUT second person was a cash buyer and we needed to move ASAP.

harpoboy

Some good advice here - you need to go back to the original offeror to give them a chance to rebid.

With a bit of luck, you could find yourself at the centre of a bidding war.

Lot of this stuff likely to be going on over the next year or two, as prices continue to rise strongly.

casperlarue

I_have_spoken wrote: »

Yep, need to think on; £154,600 is a peculiar amount in the 'dead zone' between £150,000 and £160,000ish.

Will the 'lady' gazunder you back to the £150,000 stamp duty threshold 24hrs before exchanging?

stamp duty threshold is £125k

ThemeOne

Do compare the general situation of both potential buyers. If the person with the lower offer is a cash buyer with no chain, for example, then in my book that is still the better offer.

Lending can still be a bit tight, and a lot of people are making offers only to then withdraw when the mortgage doesn't materialise.

I'm also interested in how the higher offer came to be made. If you're selling via an agent, they usually (though not invaribly!) take it off the market once an offer has been accepted.