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Informal tender
davilown
Posts: 2,303 Forumite
Ok So I've a few threads on here about informal tenders and how you have to pay the EAs fee, and then they come back for best and final offer but I'd really appreciated some advice.
I've seen a house that is on the market for OIEO £315,000 - its the only semi in a private road with detached houses that go between £500,000 to £1.2m and is possibly the one place I've ever really wanted to live. Needs updating but that's the easy part.
What do I offer? I know I can go to £380,000 with no too much grief but I'd rather not have that size mortgage.
I've spoken to the EA - they are a local firm (one office) and have said the seller pays the fees and there are no best and final offers.
Do I go for max price or just a more realistic price and if it doesnt happen, thats the way its meant to be?
VMT
I've seen a house that is on the market for OIEO £315,000 - its the only semi in a private road with detached houses that go between £500,000 to £1.2m and is possibly the one place I've ever really wanted to live. Needs updating but that's the easy part.
What do I offer? I know I can go to £380,000 with no too much grief but I'd rather not have that size mortgage.
I've spoken to the EA - they are a local firm (one office) and have said the seller pays the fees and there are no best and final offers.
Do I go for max price or just a more realistic price and if it doesnt happen, thats the way its meant to be?
VMT
30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
0
Comments
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Do you have a property to sell? Sometimes it is not the highest offer but the one that is most likely to complete.0
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Hi I do, but the EA seems to think as long as I price it competitively it will sell in the first week - last 3 houses on road since Jul have sold on the first day30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.0
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Hi I do, but the EA seems to think as long as I price it competitively it will sell in the first week - last 3 houses on road since Jul have sold on the first day
An EA would say that, wouldn't they...?!
Not that I'm doubting they are correct, but if a competing buyer is already under offer, it probably doesn't matter how quickly your property sells.0
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