offering on 2 properties at once?

Slinky

ethank wrote: »

I’m sorry, but you are thinking of yourself and not of your potential seller. If you made me an offer and I took my house off the market, and I offered on something else and then you gave me that excuse - I would be upset. Pick one and go with it, if it does not work out, find something else.

In my view only make an offer if you intend to proceed and are capable of doing so.

In our case, the first house we offered on they'd previously rejected our over asking price offer in favour of somebody else's, so I felt no particular obligation towards the first sellar. They only came back to us when their first purchaser dropped out. I was out of the house when the estate agent phoned and asked if we were still interested in the property, and I said yes we were. The property was still marked up sold from the first sale at this point. When I got home about an hour later, I found out the 2nd property had just come to market on the same day. I dropped everything planned for the following day and did a 200+ mile round trip to view and offer on the second property.



It wasn't a case of the first vendor withdrawing their property from the market because of our offer, it was the case they didn't end up putting it back on the market for 5 days whilst the vendor of the 2nd property made his mind up about our offer. We didn't inconvenience them in a further purchase as it was a probate sale. We would have bought the original property if the offer on the second property had been rejected.


If that upsets you, so be it. The person who bought the other house also offered on the house we bought, so they did exactly the same as us.

Albala

MalcRH12 wrote: »

Offer on both, it's everyone for themselves nowadays. Got to look after yourself, people may get upset for a bit but they will move on. Who's to say the seller wouldn't pull out later on? Same thing really. You're the one who is going to live there so do what's best for you

Do that sort of thing if you like, but if you do, you can't complain if it comes back to bite you in the backside. If I was either seller and found out, I'd mark you down as a possible time waster, or someone who might pull out the day of exchange in favour of the other house if you didn't get a discount. I'd only continue with you if I had no other offers, and as insurance, I'd not take it off the market until at least you'd done all your searches and surveys.

danlightbulb

Well just to feed back. I offered asking price on house A and then it went to best and final bids. I upped my offer by £4k and the winning offer was £7k over asking. Even the agent who called to give me the bad news said that price was too high in his opinion. The winners were FTB (im also no chain).

Now I can only hope that if they are FTB with just a 5% deposit that the mortgage company may decide they wont lend at that price and it comes back available.

In the meantime Ive put an offer in on house B but I expect so will several others who lost out on house A.

Just crazy situation again on housing, i thought things were supposed to have stabilised a little. For £40k above what I can afford everything is still dross. Everything at a price I can afford is either dross or selling fast (or selling even if its dross). I dont know where all these buyers are coming from its crazy.

Ms_Chocaholic

Are the structure of both properties the same? Is it just the decoration that differs. If so, that can easily be changed. I'd go for the less stress option if that is the case and go for Property B.

danlightbulb

They are on the same housing estate, both semi's but different styles. One had a huge garden that was what made it so desired i think. The other's kitchen is quite small too but otherwise its a decent house.

danlightbulb

Well i waited to find out about property A, which I didnt get, so put in an offer on property B on Saturday afternoon by email to the agent. I knew of course that this wouldnt be picked up till today, being bank holiday weekend. Email back today saying that an offer was accepted Saturday. My offer was never put forward until today and is the highest by several thousand but the vendor now feels unable to accept it because theyve already accepted one.

So i got neither house despite putting in really strong offers both times.

ethank

Always put your offer in by phone call, and then send an email afterwards.

Hope you find something else soon.