Selling - When can we put an offer in?

sophieu

We have just put out first home on the market. We are a bit reluctant to go and see potential new homes until we have an offer on our old home. Is this the right thing to do or should we be looking at other houses now?

Would we be able to put an offer on a house if we found one without having an offer on our house?

Magentasue

You might need to look at what's available so that you can work out what you can afford. That way you'll know what you can afford to accept for your house and what you need to borrow.

I can't see the point in looking seriously until you have an offer on yours. We wouldn't have accepted an offer from you until you were in a position to proceed. I have heard of people accepting an offer from people in your situation and giving them, say, three weeks to sell their property. With the market so slow, most people would want to market their house until 'serious' buyers come along.

If you find a house that you fall in love with now, it might not be available when you are in a position to make an offer.

david29dpo

Of course, but not being in a good position, ie sold, the place you offer on will still be marketed and someone else could along who has sold or nothing to sell or cash buyers and........... or lose it.

crossleydd42

Another way to go would be to see if any new housing developments have houses that attract you, say you're interested in one of them see if they have a system for buying your old house off you.

If they have, they usually get three valuations and pick the middle one. It saves a lot of hassle, is often much quicker and avoids the problem you have.
Although the price you get for the house may not be tops, you usually find that the developers pay the legal & survey fees. January is often a good time to explore this option, as its a dead month for house-buying.

Gambler

I am in the same position at the moment, have viewed a house we like but ours is not even on the market yet.

These HIPS are a pain as before you could market your house for free until sold.

I don't want to sell my house then look for somewhere else. I have seen somewhere I like and if we don't get it I will stay put.

But will lose £300 + VAt in the process.

Doozergirl

crossleydd42 wrote: »

Another way to go would be to see if any new housing developments have houses that attract you, say you're interested in one of them see if they have a system for buying your old house off you.

If they have, they usually get three valuations and pick the middle one. It saves a lot of hassle, is often much quicker and avoids the problem you have.
Although the price you get for the house may not be tops, you usually find that the developers pay the legal & survey fees. January is often a good time to explore this option, as its a dead month for house-buying.

This is a Money Saving website. Trading in your house for a new build is not moneysaving at all. It may be convenient, but you get stung at both ends of the deal.

I wanted to do it yesterday with a car. Luckily my H was in bad cop mode and within 10 minutes of leaving the garage I was thanking him.

mr.broderick

Doozergirl wrote: »

This is a Money Saving website. Trading in your house for a new build is not moneysaving at all. It may be convenient, but you get stung at both ends of the deal.

I wanted to do it yesterday with a car. Luckily my H was in bad cop mode and within 10 minutes of leaving the garage I was thanking him.

Should have come and visited mr.brodericks nice selection of used cars :money:

Doozergirl

What kind of car do you sell to a Doozer?

david29dpo

Gambler wrote: »

I am in the same position at the moment, have viewed a house we like but ours is not even on the market yet.

These HIPS are a pain as before you could market your house for free until sold.

I don't want to sell my house then look for somewhere else. I have seen somewhere I like and if we don't get it I will stay put.

But will lose £300 + VAt in the process.

And your buyers would lose a lot more!

DawnW

As a prospective buyer, I personally think that the HIP things are a good thing. Even if the information they contain is not that helpful, the fact that they have to be paid for MAY stop people putting houses on the market that they have no serious intention of selling, so that people like me lose survey fees etc when they later take it off the market on a whim!

trulysaintly

I had a client who was due to exchange contracts on a purchase, and two days before, the Vendor pulled out as they 'couldn't cope with the stress of the move'....

Another argument for HIP's - at least with having to pay out in the region of £300 before you can go to market, it will hopefully make people think a bit more before they go ahead.

Word of Warning though, check terms and conditions on any HIP's being marketed by your estate agent - if they're 'free', be ultra careful - you may find that you have problems using the HIP if you move to another agent later on....

If you use this site already you'd be interested to know that online, ordering your HIP could save you plenty.....Google it and see!