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Early offer before open day?

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Comments

  • nubbins
    nubbins Posts: 725 Forumite
    You sound a bit too desperate and as above hinted at, if you are in a hot area and the house is a good price I would expect several full ask offers and then full and finals, thats what usually happens in my area at the moment. Try not to be too keen and its hard but expect disappointment and anything else is a bonus.

    Good luck
  • dc197
    dc197 Posts: 812 Forumite
    Ninth Anniversary Combo Breaker
    If the open day does get cancelled I guess it looks bad on EA


    I don't think so, because the only reason it's called off is because the house has sold quickly.

    On the other hand, if viewers ha called for an early viewing and were told to wait until the open day, and then someone snuck in and offered before that day, the viewers would be annoyed. That happened to us as viewers.
  • sniggings
    sniggings Posts: 5,281 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Chances are they have put the house on for less than they expect to get for it, just to get people in on the day, offering only 3.5k more than the offers overprice is unlikely to get it taken of the market.
  • Dan-Dan
    Dan-Dan Posts: 5,279 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I think you need to step back and chill OP , you havent even been inside yet ,try to reign it in a bit , estate agents , though good for not a lot , are good at one thing , sniffing out money from eager and desperate buyers
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
  • worried_jim
    worried_jim Posts: 11,631 Forumite
    10,000 Posts Combo Breaker
    If the house is up for £340k I would guess at the sale price needing to be closer to £360k, unless of course no one else turns up to view. I am keen to hear what happens, keeps us posted OP.
  • danslenoir
    danslenoir Posts: 220 Forumite
    edited 18 February 2016 at 1:58PM
    Vendors would be absolutely mad to cancel open day unless you went in with a ridiculously high offer.

    Not only would they be settling for less than they might be able to achieve than if they waited a week for the open day, but should your purchase fall through for some reason, they would have the start the process all over again. At least if they have the open day and there are a bunch of interested parties, there would potentially be back up options should their preferred buyer fall through at some point during the sale.

    More fundamentally though, I think there is an issue of fairness here. There may be plenty of other people, who like you, think that this could be the 'perfect' house. They have been made to wait until the open day before being able to go and see the property and put an offer in if they choose. They may have had to cancel plans in order to make themselves available on the vendor's appointed day.

    Why should you get first dibs because you are unable to attend the open day? If I was one of those other interested parties booked onto the open day, I would be extremely annoyed were the property to be withdrawn from the market and open day cancelled because someone had snuck in before me.
  • Thanks for all your responses. Totally see everyone's point. I will come back and update you with what happens!
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