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Would You Take Your House Off Market if Offered Full Value?

anotheruser
anotheruser Posts: 3,485 Forumite
Ninth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
edited 5 April 2016 at 7:38PM in House buying, renting & selling
If someone offered what you had your house listed for, despite having a viewing for the next day, would you still accept and take your house off the market?

I know it depends, like if they're a cash buyer or whatever but just wondering.

If you don't understand, please read post 3.
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Comments

  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    No, they must see the house

    That way they have no come back for seeing there's a problem with x,y,z. Better for everyone bar the survey report
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • gingercordial
    gingercordial Posts: 1,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I think maybe the OP means that Buyer 1 has seen the house and made an offer at the asking price. However they also have a viewing arranged with Buyer 2 for the following day. Should they accept Buyer 1's offer and take the house off the market, or go ahead with the viewing for Buyer 2?

    But maybe I'm mistaken, it isn't clear.
  • alchemist.1
    alchemist.1 Posts: 860 Forumite
    Most keep their houses on and try and get a bidding war. Can go quite a bit over asking in popular areas. Depends on your greed.
  • Hoploz
    Hoploz Posts: 3,888 Forumite
    I think I would hold off giving an answer to see whether buyer 2 was interested. If so I'd say best and finals, if not then accept the first person, having mulled it over for a day :)
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I think what most estate agents suggest is that you leave the house on the market until the person whose offer you have accepted spends some money on the purchase. What you don't want is someone who offers the full price and then does nothing for 2 weeks and then withdraws their offer.
  • ReadingTim
    ReadingTim Posts: 4,086 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Well, as the asking price is supposed to be the price you'd sell it at, it's supposed to be a no-brainer, but I'd be a little cautious that either said buyer might reduce their offer for some reason during the process with the excuse that they'd offered blind, or that I'd priced it wrong and could sell it for more.

    That said, if it was an indentikit flat in a block of such flats all with the same layout; or if the buyer was an investor looking for a BTL rather than a person looking for a home, there's no reason they would want to see it, as they're never going to actually live there.
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hang fire, if they are serious they will still be interested tomorrow or in a weeks time. Unless you are in London or the South East, where things move a little faster.
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    If someone offered what you had your house listed for, despite having a viewing for the next day, would you still accept and take your house off the market?

    I know it depends, like if they're a cash buyer or whatever but just wondering.

    No...I would leave it on the market until contracts have been exchanged.

    If they want me to take it off the market then they give me more than asking price or they do everything to get contracts exchanged as soon as possible.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • ellie27
    ellie27 Posts: 1,097 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    Are you asking 'what if''''?

    Or do you have a full price offer and they actually asked you to take it off the market?

    Did you accept the offer?
  • ManuelG
    ManuelG Posts: 679 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Cakeguts wrote: »
    I think what most estate agents suggest is that you leave the house on the market until the person whose offer you have accepted spends some money on the purchase. What you don't want is someone who offers the full price and then does nothing for 2 weeks and then withdraws their offer.

    Yeah, mine went off the market once I had the survey done, and agreed with it :)

    Think while I was arranging the survey, the agent took details rather than showing people around. That seemed a fair compromise, and was a handy push for me to actually get the survey done ;)
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