Just found the house we want :)

Dunree

And now the fun starts.


The house has only been on the market for a couple of days, and it fits virtually all we were looking for.


We have put in a verbal offer, very close to the asking price.


Now that we've done that, would it be too much to ask the estate agent to bring down the For Sale sign and take it off their website??


I'm just about to mail local agents and our solicitor to get things moving on our side. And given the local market, this place will sell quickly.


Any thoughts guys??

Cissi

Has the offer been accepted??? Sounds as if you may be jumping the gun a bit if your own house isn't even on the market yet... Depending on where in the country you are, an offer "close to asking price" may not be enough, and certainly not if you aren't in a position to proceed.

I_have_spoken

Any thoughts guys?

Well, some people may think you're a non-proceedable, lo-baller. Just saying.

Dunree

Cissi wrote: »

Has the offer been accepted??? Sounds as if you may be jumping the gun a bit if your own house isn't even on the market yet... Depending on where in the country you are, an offer "close to asking price" may not be enough, and certainly not if you aren't in a position to proceed.

Offer has been accepted by owners.

Quizzical_Squirrel wrote: »

When you say agents, do you mean estate agents to market your house?

Even if your house is already sold, it would probably be too much to ask straight away. Sellers usually expect you to have made some sort of a financial commitment and booked your survey.

If your house isn't on the market yet then you're weeks away from even that point.

Yes, I mean local estate agents.


Our property is in Crystal Palace if that helps.


Ps, I'm going to contact our solicitor tomorrow to arrange a survey and to get the paperwork started.


Or is that too soon??


confused.com

Dunree

Hi guys,


Well that's the estate agents booked for the valuations and the solicitor contacted to get things moving there.


Here's hoping there are no nasty hiccups along the way


Dunree


Ps, thanks for the constructive comments so far

JimmyTheWig

Are you able to buy this place without selling yours first?
If so, does the solicitor know this and know that you haven't got a buyer?
Is the solicitor planning on starting work on the purchase right away? I'd be surprised if they were.

Dan-Dan

Why have you proceeded to incurring costs at such a delicate early stage? (i.e when the chain isnt complete)

cattie

Estate agents don't like taking down boards. Once your offer is accepted & survey results back & any renegotiation taken place, ea will arrange for a SOLD sticker to be added to board if not done as soon as offer is accepted.

The ea will want to keep the board up for as long as possible as it's good advertising for them & only the actual owner (the vendor) has the right to ask for a board to be taken down.

Once you've completed on the house, you can ask for the board to be taken down & this should be done within 14 days of you taking possession of the house.

Prothet_of_Doom

My parents response to people who made an offer of the asking price when they hadn't actually got a buyer lined up for their own house, was "In principle, yes, but it stays on the market, until you've got a buyer, and if we get another offer before you've got a buyer, we'll talk to you, about where you are before we accept it."

That sounds like a reasonable response. You can't buy thier house, so the offer is academic, pointless, but if they respond like that, it gives you help to decide what the lowest you can take for your house.

I've never been in that situation.

Dunree

JimmyTheWig wrote: »

Are you able to buy this place without selling yours first?
If so, does the solicitor know this and know that you haven't got a buyer?
Is the solicitor planning on starting work on the purchase right away? I'd be surprised if they were.

No Jimmy, this place has to be sold to fund new place.


The solicitor is aware as she will be doing the conveyance work for both properties.

cattie wrote: »

Estate agents don't like taking down boards. Once your offer is accepted & survey results back & any renegotiation taken place, ea will arrange for a SOLD sticker to be added to board if not done as soon as offer is accepted.

The ea will want to keep the board up for as long as possible as it's good advertising for them & only the actual owner (the vendor) has the right to ask for a board to be taken down.

Once you've completed on the house, you can ask for the board to be taken down & this should be done within 14 days of you taking possession of the house.

Ah, that makes sense, perhaps I've been jumping the gun a bit

Leon_W

I don't know of one estate agent who would advise their client to take a house off the market if the buyers were not proceedable. Put it this way, if you were looking to buy my house, to take it off the market, you would have to have sold yours.