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Help needed on selecting best offer
movilogo
Posts: 3,238 Forumite
House went to market this morning.
At end of day 2 offers at asking price (one said can go over asking price).
Both from FTBs and both having AIP.
Still some viewing lined up for weekend.
How do I select the best offer? I'm using online EA so they are simply acting like messenger rather than advising.
Is it a good approach to carry on viewing till weekend and then see all offers? Should I then go for one having highest amount of deposit?
Very confused
At end of day 2 offers at asking price (one said can go over asking price).
Both from FTBs and both having AIP.
Still some viewing lined up for weekend.
How do I select the best offer? I'm using online EA so they are simply acting like messenger rather than advising.
Is it a good approach to carry on viewing till weekend and then see all offers? Should I then go for one having highest amount of deposit?
Very confused
Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
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Comments
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The approach that many EAs use is to tell all the prospective buyers that there have been multiple offers... and ask everyone to make their best and final offer.
If the two 'best and final' offers tie, go with whichever buyer seems most easy going and/or has the biggest deposit.
.... but if you paid your online EA a fixed fee up front, they may not want to bother negotiating up the offers, as there is no incentive for them to do it.0 -
I shall pay EA fee on completion. So they should have an interest in completing the sale
Happiness is buying an item and then not checking its price after a month to discover it was reduced further.0 -
Lovely position to be in. well done getting tbe offers so quickly. Hope it goes well from here on in.Father Ted: Now concentrate this time, Dougal. These
(he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...
:D:D0 -
do the extra viewings but explain the situation too all.0
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be careful they have an AIP don't just take their word we had 2 full asking offers and said whoever had the best standing and prepared to get the survey done we will go with . survey done in about a week . they then lied away for a few months trying to raise the mortage dodging ccjs and ex partners debts . cost me big time . .. go for the weekend viewings but explain that you have had 2 offers so far . (maybe your asking price was too low ) & well done:cool: hard as nails on the internet . wimp in the real world :cool:0
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I would wait for the weekend viewings and then ask for best and final offer from them all and check their AIP stands up and what position they are in. Presumably if your estate agent is an online one they do not do any checks on potential buyers so you may need to quiz them more before deciding which one to go with.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php0 -
Love to know how you arrived at an asking price that TWO people immediately went for.
Unless props in your region are hard to find."Unhappiness is not knowing what we want, and killing ourselves to get it."Post Count: 4,111 Thanked 3,111 Times in 1,111 Posts (Actual figures as they once were))Women and cats will do as they please, and men and dogs should relax and get used to the idea.0
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